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Property and Equipment | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
Property, Plant and Equipment [Abstract] |  |
Property and Equipment | 6. Property and Equipment Property and equipment, net consist of the following:
|  | Three months ended March 31, 2024 |  |  | Year-ended December 31, 2023 |
Land |  | $ | 422 |  |  | $ | 422 |
Assets not placed into service |  |  | 1,671 |  |  |  | 831 |
Energy infrastructure |  |  | 3,986 |  |  |  | 3,986 |
General infrastructure |  |  | 12,214 |  |  |  | 12,214 |
IT infrastructure |  |  | 838 |  |  |  | 824 |
Miners |  |  | 17,251 |  |  |  | 15,802 |
Vehicle |  |  | 76 |  |  |  | 76 |
Office furniture and equipment |  |  | 343 |  |  |  | 343 |
Miner chip inventory |  |  | 11,498 |  |  |  | 11,498 |
Gross property and equipment |  | $ | 48,299 |  |  | $ | 45,996 |
Less: accumulated depreciation |  |  | (16,241 | ) |  |  | (15,152 | )
Total property and equipment, net |  | $ | 32,058 |  |  | $ | 30,844 |
Depreciation expenses related to property and equipment was $1,094 and $1,571 for three months ended March 31, 2024 and 2023, respectively. For the three months ended March 31, 2024, the Company had no sales of certain property and equipment. For the three months ended March 31, 2023, the Company sold certain property and equipment for total proceeds of $1,577 resulting in a gain of $1,198. | 6. Property and Equipment Property and equipment, net consist of the following:
|  | Year Ended |
|  | December 31, 2023 |  |  | December 31, 2022 |
Land |  | $ | 422 |  |  | $ | 659 |
Assets not placed into service |  |  | 831 |  |  |  | 662 |
Energy infrastructure |  |  | 3,986 |  |  |  | 4,664 |
General infrastructure |  |  | 12,214 |  |  |  | 12,402 |
IT infrastructure |  |  | 824 |  |  |  | 820 |
Miners |  |  | 15,802 |  |  |  | 15,759 |
Vehicle |  |  | 76 |  |  |  | 140 |
Office furniture and equipment |  |  | 343 |  |  |  | 343 |
Miner chip inventory |  |  | 11,498 |  |  |  | 11,498 |
Gross property and equipment |  | $ | 45,996 |  |  | $ | 46,947 |
Less: accumulated depreciation |  |  | (15,152 | ) |  |  | (9,791 | )
Total property and equipment, net |  | $ | 30,844 |  |  | $ | 37,156 |
Depreciation expenses related to property and equipment was $5,487 and $6,936 for years ended December 31, 2023 and 2022, respectively. The Company entered into a supply agreement (see Note 14) where it has committed to purchasing a certain number of units of mining-related equipment. The miner chip inventory is a part of this purchase commitment, which commenced in June 2022. For the year ended December 31, 2023, the Company sold certain property and equipment for total proceeds of $2,132 resulting in a gain of $1,059. For the year ended December 31, 2022, the Company sold certain property and equipment for total proceeds of $589 resulting in a loss of $16. The Company reassessed the useful life of the fixed assets being reported within IT Infrastructure for the year ended December 31, 2022 from 10 years to 5 years. This is a change in the useful life and is also a change in accounting estimate under ASC 350 and ASC 360. At the time of this change, the Company performed a physical inventory count and abandoned some fixed assets before the end of their useful life. Both events triggered accelerated depreciation of $544 due to these two events. The effect on net loss from operations as well as net loss is $(544). Impairment for all assets was assessed after all adjustments were made and expense related to impairment was $95 for all asset classes.

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