Investment in Equity Investees (Tables)

12 Months Ended

Dec. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Activity in Investment in Equity Investee

Activity in the Company’s investment in equity investees during the year ended December 31, 2022 consisted of the following (in thousands):

Balance as of January 1, 2022	$	-
Cost of miners and mining equipment contributed, net of losses recognized upon contribution of miners		94,380
Sales taxes to be paid by Cipher on behalf of equity investees		5,316
Accretion of basis differences related to miner contributions		2,006
Legal costs related to formation of joint ventures reclassified from deferred investment costs		174
Capital distributions		(54,009	)
Bitcoin received from equity investees		(4,828	)
Equity in net losses of equity investees		(5,561	)
Balance as of December 31, 2022	$	37,478