EQUIPMENT DEPOSITS (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

The following table details the total equipment deposits of $98,577,594 as of March 31, 2022:


Vendor	Model	Count	Delivery Timeframe	Total Commitments	Unpaid [A]	Transferred to PP&E [B]	Impairment	Equipment Deposits
MinerVa [C]	MinerVa	15,000	Oct '21 - Sep '22	$69,387,550	—	$(15,251,383)	$(12,228,742)	$41,907,425
Cryptech	Bitmain	2,400	Nov '21 - Oct '22	12,660,000	(2,637,500)	(3,128,075)	—	6,894,425
Northern Data	MicroBT	9,900	Oct '21 - Jan '22	22,061,852	—	(21,914,773)	—	147,079
Bitmain Technologies Limited	Antminer	12,000	Apr '22 - Dec '22	75,000,000	(32,236,500)	—	—	42,763,500
Northern Data PA. LLC	WhatsMiners	4,280	Jan '22 - June '22	11,340,374	(2,835,094)	(1,640,115)	—	6,865,165
Totals		43,580		$190,449,776	$(37,709,094)	$(41,934,346)	$(12,228,742)	$98,577,594

[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.

There have been twelve installments totaling $6,224,500 paid before March 31, 2022; with the outstanding amount still owed under this agreement of $2,637,500 as of March 31, 2022, representing five 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
2	06/01/21	$	(211,000)	$	8,440,000
3	07/01/21	$	(211,000)	$	8,229,000
4	08/01/21	$	(211,000)	$	8,018,000
5	09/01/21	$	(211,000)	$	7,807,000
6	10/01/21	$	(738,500)	$	7,068,500
7	11/01/21	$	(738,500)	$	6,330,000
8	12/01/21	$	(738,500)	$	5,591,500
9	01/01/22	$	(738,500)	$	4,853,000
10	02/01/22	$	(738,500)	$	4,114,500
11	03/01/22	$	(738,500)	$	3,376,000
12	04/01/22	$	(738,500)	$	2,637,500
13	05/01/22	$	(527,500)	$	2,110,000
14	06/01/22	$	(527,500)	$	1,582,500
15	07/01/22	$	(527,500)	$	1,055,000
16	08/01/22	$	(527,500)	$	527,500
17	09/01/22	$	(527,500)	$	—