the Company entered into a Long-Term Purchase Contract with Canaan Convey Co Ltd (“Canaan”) for the purchase of 11,760 next generation Avalon A1246 ASIC Miners (Avalon). The purchase price per unit is $2,889 for a total purchase price of $33,974,640 (the “Canaan Transaction”).

200

Depreciation and amortization expense, description

The Company’s depreciation and amortization expense for the three months ended 30 June 2021 and 2020 were $2.53m and $1.10m respectively.

Deposit, Property and Equipment and Intangible Assets (Details) $ in Thousands	1 Months Ended		6 Months Ended
	May 19, 2021	Feb. 05, 2021	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)
Property, Plant and Equipment [Abstract]
Purchase price, description		the Company entered into a Long-Term Purchase Contract with Canaan Convey Co Ltd (“Canaan”) for the purchase of 11,760 next generation Avalon A1246 ASIC Miners (Avalon). The purchase price per unit is $2,889 for a total purchase price of $33,974,640 (the “Canaan Transaction”).
Description transaction payments	a)$1,058,000 during March, 2021 for 588 miners b) $1,058,000 during April, 2021 for 588 miners c)$1,905,120 during June, 2021 for 1,176 miners
Number of resold units			200
Cash paid for deposit			$ 13,020
Depreciation and amortization expense, description			The Company’s depreciation and amortization expense for the three months ended 30 June 2021 and 2020 were $2.53m and $1.10m respectively.
Depreciation and amortization expense			$ 3,850	$ 2,460