COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

The following table details the total equipment deposits of $130,999,398 as of December 31, 2021:


Vendor	Model	Count	Delivery Timeframe	Total Commitments		Unpaid [A]		Transferred to PP&E [B]		Equipment Deposits
MinerVa [C]	MinerVA	15,000	Oct '21 - Apr '22	$	69,387,550	$	—	$	(4,542,572)	$	64,844,978
Cryptech	Bitmain	2,400	Nov '21 - Oct '22	12,660,000		(5,591,500)		—		7,068,500
Northern Data	MicroBT	9,900	Oct '21 - Jan '22	22,061,852		—		(10,716,712)		11,345,140
Bitmain Technologies Limited	Antminer	12,000	Apr '22 - Dec '22	75,000,000		(35,764,500)		—		39,235,500
Northern Data PA. LLC	WharsMiners	4,280	Jan '22 - June '22	11,340,374		(2,835,094)		—		8,505,280
Totals		43,580		$	190,449,776	$	(44,191,094)	$	(15,259,284)	$	130,999,398

[A] Future commitments still owed to each vendor. Refer to Note 8 - Commitments and Contingencies for further details.

[B] Miners that are delivered and physically placed in service are transferred to a fixed asset account at the respective unit price as defined in the agreement.

[C] Refer to Note 8 - Commitments and Contingencies for a $3,999,980 refund that reduced the total commitments to $69,387,550 for this vendor.

Representing nine installments remaining through September 2022:


				Remaining
		Purchase Price		$	12,660,000
		April 2021 - 30%		$	(3,798,000)
#	Date	After down payment		$	8,862,000
1	05/01/21	$	(211,000)	$	8,651,000
3	06/01/21	$	(211,000)	$	8,440,000
4	07/01/21	$	(211,000)	$	8,229,000
5	08/01/21	$	(211,000)	$	8,018,000
6	09/01/21	$	(211,000)	$	7,807,000
7	10/01/21	$	(738,500)	$	7,068,500
8	11/01/21	$	(738,500)	$	6,330,000
9	12/01/21	$	(738,500)	$	5,591,500
10	01/01/22	$	(738,500)	$	4,853,000
11	02/01/22	$	(738,500)	$	4,114,500
12	03/01/22	$	(738,500)	$	3,376,000
13	04/01/22	$	(738,500)	$	2,637,500
14	05/01/22	$	(527,500)	$	2,110,000
15	06/01/22	$	(527,500)	$	1,582,500
16	07/01/22	$	(527,500)	$	1,055,000
17	08/01/22	$	(527,500)	$	527,500
18	09/01/22	$	(527,500)	$	—