Deposit on Mining Equipment	3 Months Ended
Mar. 31, 2022
Deposit On Mining Equipment [Abstract]
Deposit on Mining Equipment	Note 8. Deposit on Mining Equipment On September 8, 2021, the Company entered into a sale and purchase agreement (the “First Bitmain Purchase Agreement”) with Bitmain Technologies Limited (“Seller”) pursuant to which the Company agreed to purchase, and Seller agreed to supply to the Company, an aggregate of 1,002 Bitcoin S19J Pro Antminer cryptocurrency mining machines for an aggregate purchase price of $6.3 million (the “Mining Machines”). On October 6, 2021, the Company entered into an additional sale and purchase agreement (the “Second Purchase Agreement” and, collectively with the First Bitmain Purchase Agreement, the Purchase Agreements) with Seller pursuant to which the Company agreed to purchase, and Seller agreed to supply to the Company, an aggregate of 4,044 mining machines for an aggregate purchase price of $25.3 million. The Purchase Agreement provides for delivery of the Mining Machines in batches over an estimated delivery timeframe starting in April 2022 and continuing through September 2022. The Purchase Agreements require the Company to pay a nonrefundable amount of 25% of the total purchase price for the Mining Machines within 7 days of the date of the signing of the respective Purchase Agreement, an additional 35% of the batch price at least 6 months prior to shipment of such batch, and the remaining 40% of each batch price one month prior to the shipment of the batch. The Purchase Agreements contain other customary terms, provisions, and conditions. During 2021 the Company paid $7.9 million for the 25% as a deposit and $5.7 million for the 35% batch price for the machines. The Company also entered into an agreement with Miami based Bit5ive subsidiary Uptime Armory LLC to manufacture 18 Pod5ive specialty containers for approximately $3.1 million and paid $2.4million in 2021 as a non-refundable deposit for the containers. The Company also entered into a hosting agreement with Uptime Hosting LLC to house and service LMFA’s mining machines for $0.06 per kilowatt and the Company paid $0.8 million in 2021 as a deposit for the hosting services and an additional deposit for each container three months prior to delivery at the hosting site of $44 thousand and a final deposit for each container one month prior to arrival at the hosting site of $44 thousand. During the three months ended March 31, 2022 the Company paid an additional $7.1 million to Bitmain Technologies Limited for deposits related to mining equipment. The Company classifies these payments within Deposit on mining equipment in long term assets. As of March 31, 2022 and December 31, 2021, the Company has a total of approximately $23.9 and $16.8 million, respectively, classified as Deposit on mining equipment under these payment arrangements.

Deposit on Mining Equipment

3 Months Ended

Mar. 31, 2022

Deposit On Mining Equipment [Abstract]

Note 8. Deposit on Mining Equipment

On September 8, 2021, the Company entered into a sale and purchase agreement (the “First Bitmain Purchase Agreement”) with Bitmain Technologies Limited (“Seller”) pursuant to which the Company agreed to purchase, and Seller agreed to supply to the Company, an aggregate of 1,002 Bitcoin S19J Pro Antminer cryptocurrency mining machines for an aggregate purchase price of $6.3 million (the “Mining Machines”).

On October 6, 2021, the Company entered into an additional sale and purchase agreement (the “Second Purchase Agreement” and, collectively with the First Bitmain Purchase Agreement, the Purchase Agreements) with Seller pursuant to which the Company agreed to purchase, and Seller agreed to supply to the Company, an aggregate of 4,044 mining machines for an aggregate purchase price of $25.3 million. The Purchase Agreement provides for delivery of the Mining Machines in batches over an estimated delivery timeframe starting in April 2022 and continuing through September 2022. The Purchase Agreements require the Company to pay a nonrefundable amount of 25% of the total purchase price for the Mining Machines within 7 days of the date of the signing of the respective Purchase Agreement, an additional 35% of the batch price at least 6 months prior to shipment of such batch, and the remaining 40% of each batch price one month prior to the shipment of the batch. The Purchase Agreements contain other customary terms, provisions, and conditions. During 2021 the Company paid $7.9 million for the 25% as a deposit and $5.7 million for the 35% batch price for the machines. The Company also entered into an agreement with Miami based Bit5ive subsidiary Uptime Armory LLC to manufacture 18 Pod5ive specialty containers for approximately $3.1 million and paid $2.4million in 2021 as a non-refundable deposit for the containers. The Company also entered into a hosting agreement with Uptime Hosting LLC to house and service LMFA’s mining machines for $0.06 per kilowatt and the Company paid $0.8 million in 2021 as a deposit for the hosting services and an additional deposit for each container three months prior to delivery at the hosting site of $44 thousand and a final deposit for each container one month prior to arrival at the hosting site of $44 thousand. During the three months ended March 31, 2022 the Company paid an additional $7.1 million to Bitmain Technologies Limited for deposits related to mining equipment. The Company classifies these payments within Deposit on mining equipment in long term assets. As of March 31, 2022 and December 31, 2021, the Company has a total of approximately $23.9 and $16.8 million, respectively, classified as Deposit on mining equipment under these payment arrangements.