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Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 6:- PROPERTY AND EQUIPMENT

 

Property and equipment, net, consisted of the following as of December 31, 2021:

 

   Plant and
equipment		   Computer
equipment		   Furniture
&
fixtures		   Processing
machines
(Miners)		   Modular
data
center		   Motor
Vehicles		   Transformers   Low-cost
assets		   Assets
under
construction		   Total 
                                         
Cost as of December 31, 2020   33,859    40,933    4,444    10,496,165    1,660,710    
-
    
-
    
-
    
-
    12,236,111 
Disposals   (80,000)   
-
    
-
    (151,255)   (179,492)   
-
    
-
    
-
    
-
    (410,747)
Additions   1,093,007    175,166    27,030    70,996,188    8,338,578    250,425    1,190,609    246,154    1,008,001    83,325,158 
Accumulated depreciation   (33,461)   (22,333)   (4,610)   (16,546,363)   (1,354,578)   (4,173)   (2,000)   (246,154)   
-
    (18,213,672)
Closing balance as of December 31, 2021   1,013,405    193,766    26,864    64,794,735    8,465,218    246,252    1,188,609    
-
    1,008,001    76,936,850 

 

Property and equipment, net, consisted of the following as of December 31, 2020:

 

   Plant and equipment   Computer equipment   Furniture & fixtures   Processing machines
(Miners)		   Modular data center   Total 
                         
Cost as of December 31, 2019   33,859    40,933   $4,444    10,496,165    1,660,710    12,236,111 
Accumulated depreciation   (2,753)   (18,090)   (2,366)   (4,310,174)   (887,443)   (5,220,826)
Closing balance as of December 31, 2020   31,106    22,843   $2,078    6,185,991    773,267    7,015,285 

 

The Company incurred depreciation and amortization expense in the amounts of $14,113,730 and $4,620,725 for the year ended December 31, 2021 and December 31, 2020, respectively. There were no impairment charges recognized for property and equipment for either the year ended December 31, 2021, or December 31, 2020.