Quarterly report pursuant to Section 13 or 15(d)

Long-Term Assets

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Long-Term Assets
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Long-Term Assets

Note 10. Long-Term Assets

Deposits:

Deposits consisted of the following as of March 31, 2022:

Deposits on equipment      
Beginning balance   $ 261,215  
Additions     103,161  
Reclassification to property and equipment     (38,965 )
Ending balance     325,411  
Security deposits     4,949  
Deposits at March 31, 2022   $ 330,360  

Deposits on Equipment:

During the three months ended March 31, 2022, the Company paid approximately $103.2 million as deposits, primarily for miners, and, as of March 31, 2022, reclassified $39.0 million to property and equipment in connection with the deployment of miners at the Whinstone 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.