Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.22.4
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consist of the following:

    

December 31, 

    

December 31, 

    

2022

2021

Buildings and building improvements

$

229,685

$

88,808

Land rights and land improvements

 

10,164

 

Miners and mining equipment

441,324

 

87,921

Machinery and facility equipment

 

35,125

 

15,613

Office and computer equipment

 

1,206

 

1,007

Construction in progress

 

97,231

 

113,598

Total cost of property and equipment

 

814,735

 

306,947

Less accumulated depreciation

 

(122,180)

 

(30,467)

Property and equipment, net

$

692,555

$

276,480

Schedule of Purchase Agreement Commitments, Deposits Paid and Expected Delivery Timing

    

Original Purchase

    

Open Purchase

    

    

Agreement Date

Commitment

Commitment

Deposit Balance

Received

November 22, 2021

 

32,550

 

 

3,467

 

First Quarter 2023

December 10, 2021

 

97,650

 

 

9,879

 

First Quarter 2023

December 24, 2021

 

202,860

 

 

19,927

 

First Quarter 2023

Total

$

333,060

$

$

33,273