Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.22.4
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
SCHEDULE OF COMPONENTS OF PROPERTY AND EQUIPMENT

The components of property and equipment as of December 31, 2022 and 2021 are:

(in thousands, except useful life)  

Useful life

(Years)

   

December 31,

2022

   

December 31,

2021

(Restated)

 
Website     7     $ 206     $ 122  
Mining rigs     5       116,634       163,868  
Containers     10       1,614       0  
Construction in progress     N/A       171,194       133,566  
Gross property, equipment             289,648       297,556  
Less: Accumulated depreciation             (16,622 )     (21,313 )
Property and equipment, net           $ 273,026     $ 276,243