Note 9. Long-Term Assets

Deposits

The following table presents the Company’s deposits:

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Deposits on Equipment

As of December 31, 2022, the Company had outstanding executed purchase agreements for the purchase of miners from Bitmain for a total of 5,130 S19 series miners, which were received in January 2023. During the six months ended June 30, 2023, the Company reclassified the outstanding deposit of $33.3 million to property and equipment in connection with the receipt of the miners at the Rockdale Facility. See Note 6, Property and Equipment.

In July 2023, the Company paid a deposit of $48.9 million to MicroBT for the purchase of miners and a deposit of $20.8 million to Midas for the purchase of immersion cooling systems. See Note 6, Property and Equipment.

Security Deposits

During the six months ended June 30, 2023, the Company paid $23.0 million as a security deposit in connection with its 215 MW increase to the Power Supply Agreement with TXU, resulting in a total of 345 MW under contract at fixed prices.

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, all of which was outstanding as of June 30, 2023. As of June 30, 2023, all $3.1 million paid to Oncor in 2021 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, had been utilized. The Company has other security deposits totaling approximately $2.7 million, which includes $1.8 million on the ground lease.