Quarterly report pursuant to Section 13 or 15(d)

Long-Term Assets

v3.22.2.2
Long-Term Assets
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Long-Term Assets

Note 10. Long-Term Assets

Deposits:

Deposits consisted of the following as of September 30, 2022:

Deposits on equipment      
Beginning balance at January 1, 2022   $ 261,215  
Additions     194,923  
Reclassification to equipment     (288,064 )
Ending balance     168,074  
Security and other deposits     10,428  
Deposits at September 30, 2022   $ 178,502  

Deposits on Equipment:

During the nine months ended September 30, 2022, the Company paid approximately $194.9 million as deposits, primarily for miners, and, as of September 30, 2022, reclassified $288.1 million to property and equipment in connection with the deployment of miners at the Rockdale Facility. See Note 8. “Property and Equipment” to these unaudited Notes to Condensed Consolidated Financial Statements.

Right of Use Assets:

See Note 12. “Leases” to these unaudited Notes to Condensed Consolidated Financial Statements.