Note 12. Long-Term Assets

Deposits

Deposits consist of the following:

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Deposits on Equipment

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During the year ended December 31, 2022, the Company paid approximately $194.9 million as deposits, primarily for miners, and reclassified $422.9 million to property and equipment in connection with the receipt of 57,649 miners at the Rockdale Facility. See Note 9. Property and Equipment.

During the year ended December 31, 2021, the Company paid approximately $274.8 million as deposits, primarily for miners, and reclassified $46.7 million to property and equipment in connection with the receipt of 23,864 miners at the Coinmint Facility and the Rockdale Facility.

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Security Deposits

During the year ended December 31, 2022, the Company paid approximately $4.7 million as a security deposit for the development of the Corsicana Facility. As of December 31, 2022, $1.8 million of the amount paid to Oncor in 2021, as described below, remains held as a deposit and the Company has other security deposits totaling approximately $2.7 million, including its ground lease of $1.8 million.

During the year ended December 31, 2021, the Company paid approximately $3.1 million in connection with an amended and restated Transmission/Substation Facility Extension Agreement for the construction of the Oncor-owned Delivery System facilities to serve the expansion of the Rockdale Facility. As of December 31, 2021, the Company had security deposits totaling approximately $5.0 million, including its ground lease of $1.8 million.