Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment

Property and equipment, net consisted of the following (in thousands):

	March 31, 2023			December 31, 2022
Miners and mining equipment	$	135,048		$	79,909
Leasehold improvements		118,036			94,807
Software		776			596
Office and computer equipment		88			88
Autos		73			73
Furniture and fixtures		75			69
Construction-in-progress		24,353			20,437
Total cost of property and equipment		278,449			195,979
Less: accumulated depreciation		(15,422	)		(4,195	)
Property and equipment, net	$	263,027		$	191,784

During the three months ended March 31, 2023 and 2022, the Company placed $17.6 million and nil, respectively, of construction-in-progress into service at the Odessa Facility.