XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.23.1

Property and Equipment (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Property, Plant and Equipment [Abstract] |
Summary of Property and Equipment | Property and equipment, net consisted of the following (in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
Miners and mining equipment |  | $ | 135,048 |  |  | $ | 79,909 |
Leasehold improvements |  |  | 118,036 |  |  |  | 94,807 |
Software |  |  | 776 |  |  |  | 596 |
Office and computer equipment |  |  | 88 |  |  |  | 88 |
Autos |  |  | 73 |  |  |  | 73 |
Furniture and fixtures |  |  | 75 |  |  |  | 69 |
Construction-in-progress |  |  | 24,353 |  |  |  | 20,437 |
Total cost of property and equipment |  |  | 278,449 |  |  |  | 195,979 |
Less: accumulated depreciation |  |  | (15,422 | ) |  |  | (4,195 | )
Property and equipment, net |  | $ | 263,027 |  |  | $ | 191,784 |
During the three months ended March 31, 2023 and 2022, the Company placed $17.6 million and nil, respectively, of construction-in-progress into service at the Odessa Facility.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration