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Subsequent Events
3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events

NOTE 18. SUBSEQUENT EVENTS

Payments to Paradigm

After March 31, 2023, but before the issuance of these unaudited condensed consolidated financial statements, the Company made payments totaling approximately $1.3 million directly to Paradigm in place of Bitfury USA, in respect of manufacturing services for BBACs. The Company’s payment obligations to Bitfury USA under the Master Services and Supply Agreement were also reduced by the same amount related to these payments to Paradigm.

Miner Purchase

On May 4, 2023, we entered into the Canaan Agreement with Canaan to purchase 11,000 new A1346 model miners to be delivered during the third quarter of 2023. The Company expects to fund its payment obligations for the purchase through its ongoing operations, including by selling bitcoin generated at its data centers. The Company plans to install the new miners at its Odessa Facility upon their arrival.