Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Schedule of Purchase Agreement Commitments, Deposits Paid and Expected Delivery Timing) (Details)

v3.21.2
Property and Equipment (Schedule of Purchase Agreement Commitments, Deposits Paid and Expected Delivery Timing) (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2021
USD ($)
Property, Plant and Equipment [Line Items]  
Original Purchase Commitment $ 180,615
Open Purchase Commitment 115,156
Deposit Balance $ 62,600
Agreement Date One [Member]  
Property, Plant and Equipment [Line Items]  
Agreement Date December 18, 2020 [1]
Original Purchase Commitment $ 26,308
Open Purchase Commitment 10,523
Deposit Balance $ 15,785
Expected Shipping Third Quarter 2021
Agreement Date Two [Member]  
Property, Plant and Equipment [Line Items]  
Agreement Date December 18, 2020 [1]
Original Purchase Commitment $ 8,577
Open Purchase Commitment
Deposit Balance $ 5,718
Expected Shipping Third Quarter 2021
Agreement Date Three [Member]  
Property, Plant and Equipment [Line Items]  
Agreement Date March 11, 2021 [1]
Original Purchase Commitment $ 7,224
Open Purchase Commitment 3,612
Deposit Balance $ 3,612
Expected Shipping Fourth Quarter 2021
Agreement Date Four [Member]  
Property, Plant and Equipment [Line Items]  
Agreement Date April 5, 2021** [1],[2]
Original Purchase Commitment $ 138,506 [2]
Open Purchase Commitment 101,021 [2]
Deposit Balance $ 37,485 [2]
Expected Shipping Deposit on 42,000 miners [2]
[1] Pursuant to the Company’s agreements with Bitmain, the Company is responsible for all shipping charges incurred in connection with the delivery of the miners.
[2] The Company paid approximately $29 million as a deposit for the miners to be acquired under the purchase agreement, dated effective as of April 5, 2021, with Bitmain to acquire approximately 42,000 Antminer model S19j Miners, which are scheduled to be shipped in 12 batches of approximately 3,500 miners each, on a monthly basis, between November 2021 and October 2022.