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Deposit on Equipment | 8 Months Ended
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Sep. 30, 2021
Disclosure Deposits On Equipment [Abstract] |
Deposits On Equipment | NOTE 6. DEPOSITS ON EQUIPMENT As of September 30, 2021, the Company had outstanding executed purchase agreements for the purchase of (1) 27,000 Antminer S19j Pro (100 TH/s) miners from Bitmain Technologies Limited (“Bitmain”) and (2) 60,000 MicroBT M30S, M30S+ and M30S++ miners from SuperAcme Technology (Hong Kong) Limited (“SuperAcme”), all of which are to be delivered in monthly batches from January 2022 through December 2022. The purchase agreement commitments, deposits paid and expected delivery timing (remaining balances are payable in advance of shipping) are summarized below:
Vendor |  | Agreement Date |  | Purchase Commitment |  |  | Deposits Paid |  |  | Expected Shipping
Bitmain Technologies Limited |  | August 20, 2021 and August 30, 2021 |  | $ | 171,135,000 |  |  | $ | 49,656,000 |  |  | January 2022 - September 2022
SuperAcme Technology (Hong Kong)* |  | September 2, 2021 |  |  | 222,400,800 |  |  |  | 22,240,080 |  |  | July 2022 - December 2022
Various vendors for other contracts and costs |  |  |  |  | 5,959,351 |  |  |  | 2,449,784 |  |  |
Total |  |  |  | $ | 399,495,151 |  |  | $ | 74,345,864 |  |  |
* Pursuant to the Company’s agreements with Bitmain and SuperAcme, the Company is responsible for all logistics costs related to transportation, packaging for transportation and insurance related to the delivery of the miners.

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