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Deposits on Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Disclosure Deposits On Equipment [Abstract]  
Schedule of Purchase Agreement Commitments, Deposits Paid and Expected Delivery Timing

The purchase agreement commitments, deposits paid and expected delivery timing are summarized below (in thousands):

 

Vendor

 

Agreement Dates

 

Original Maximum Purchase Commitment (1)

 

 

Open Purchase Commitment

 

 

Deposits Paid

 

 

Expected Shipping for Open Purchase Commitments

Bitmain Technologies Limited (2)

 

August 20, 2021 and August 30, 2021

 

$

171,135

 

 

$

1,720

 

 

$

1,720

 

 

February 2023 through April 2023

SuperAcme Technology (Hong Kong) (2)

 

May 6, 2022 and November 4, 2022

 

 

222,401

 

 

 

50,660

 

 

 

50,660

 

 

January 2023 through April 2023

Bitfury USA and other vendors (primarily for BBACs) (3)

 

Various

 

 

 

 

 

20,638

 

 

 

20,638

 

 

 

Total

 

 

 

 

 

 

$

73,018

 

 

$

73,018

 

 

 

 

(1) Maximum purchase commitment did not consider discounts that the Company could qualify for with the respective vendors, which reduced the total cost of the miners.

(2) Pursuant to the Company's agreements with Bitmain and SuperAcme, the Company is responsible for all logistics costs related to transportation, packaging for transportation and insurance related to the delivery of the miners.

(3) See Note 11, Related Party Transactions, and Note 20, Subsequent Events, for additional information regarding payments for BBACs.