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PROPERTY AND EQUIPMENT (Tables)
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment, Net

Property and equipment, net consisted of the following at June 30, 2022 and December 31, 2021:

 

$ in thousands

Estimated Useful
Lives

 

June 30, 2022

 

 

December 31, 2021

 

Plant infrastructure

15 - 39 years

 

$

10,454

 

 

$

34,725

 

Miners

5 years

 

 

107,431

 

 

 

48,121

 

Miner facility infrastructure

15 years

 

 

30,950

 

 

 

15,143

 

Land

N/A

 

 

8,460

 

 

 

8,460

 

Equipment

5 years

 

 

821

 

 

 

1,660

 

Software

3 years

 

 

569

 

 

 

636

 

Coal ash impoundment

4 years

 

 

-

 

 

 

2,410

 

Construction in process

N/A

 

 

21,950

 

 

 

25,856

 

Miner deposits

N/A

 

 

92,019

 

 

 

98,110

 

 

 

 

 

272,654

 

 

 

235,121

 

Less: Accumulated depreciation

 

 

 

(23,452

)

 

 

(18,030

)

 

 

 

$

249,202

 

 

$

217,091