Quarterly report pursuant to Section 13 or 15(d)

Long-Term Assets

v3.21.1
Long-Term Assets
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Long-Term Assets

Note 6. Long-Term Assets

Deposits on Equipment:

Deposits on equipment consisted of the following as of March 31, 2021:

Balance at January 1, 2021

$

33,093

 

Additions

56,353

 

Reclassification to property and equipment

(18,716

)

Balance at March 31, 2021

$

70,730

During the three months ended March 31, 2021, the Company paid approximately $56.4 million as deposits, primarily for miners, and, as of March 31, 2021, reclassified $18.7 million to property and equipment in connection with the receipt of 6,703 miners at the Coinmint Facility. See Note 5.