Property, Plant, and Equipment and Other Assets

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment and Other Assets

Note 4. Property, Plant, and Equipment and Other Assets

Property and equipment consisted of the following:

	As of
	March 31, 2021			December 31, 2020
Land	$	55		$	57
Computer hardware and software		10			10
Bitcoin mining machines		1,180			1,206
Infrastructure		905			905
Containers		403			550
Leasehold improvements		4			4
Property and equipment, gross		2,557			2,732
Less: Accumulated depreciation		(1,004	)		(860	)
Property and equipment, net	$	1,553		$	1,872

The Company recorded depreciation expense of $189 and $342 for the three months ended March 31, 2021 and 2020, respectively. For the three months ended March 31, 2021 and 2020, gains on sale of property and equipment of $1 and $30, respectively were recorded as other non-operating expenses relating to the sale and disposition of Antminer S17 Pro and S9 Bitcoin miners and a container.

Other Assets consisted of the following:

	As of
	March 31, 2021		December 31, 2020
Security deposits	$	123	$	123
Other Assets	$	123	$	123

The Company has paid $120 in security deposits related to its electrical contract, see Note 9, and $3 related to its office lease in Raleigh, NC.