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v3.23.1

Property and Equipment | 3 Months Ended
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Mar. 31, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment | Note 6. Property and Equipment Property and equipment, excluding those associated with discontinued operations, stated at cost, less accumulated depreciation and amortization, consisted of the following: Schedule of Property and Equipment
|  | March 31, 2023 |  |  | December 31, 2022 |
Cryptocurrency miners |  | $ | 2,152,970 |  |  | $ | 2,152,970 |
Mobile data center |  |  | 219,372 |  |  |  | 219,372 |
Computer equipment |  |  | 6,881 |  |  |  | 6,881 |
Total |  |  | 2,379,223 |  |  |  | 2,379,223 |
Less accumulated depreciation |  |  | (811,792 | ) |  |  | (747,216 | )
Net, Property and equipment |  | $ | 1,567,431 |  |  | $ | 1,632,007 |
Depreciation expense, excluding that associated with discontinued operations, for the three months ended March 31, 2023 and 2022 amounted to $64,576 and $164,520, respectively. All of our miners were manufactured by Bitmain, and incorporate application-specific integrated circuit (ASIC) chips specialized to solve blocks on the Bitcoin blockchains using the 256-bit secure hashing algorithm (SHA-256) in return for Bitcoin cryptocurrency rewards. As of March 31, 2023, we had 510 Bitmain S19J Pro miners with 51.0 Ph/s of hashing capacity and 270 Bitmain S19 miners with 24.3 Ph/s of hashing capacity.

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