v3.25.2
Property, Plant, and Equipment and Other Assets
 6 Months Ended
Jun. 30, 2024
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:

 

   June 30,
2024		   December 31,
2023		 
   As of 
   June 30,
2024		   December 31,
2023		 
Land  $55   $55 
Computer hardware and software   10    10 
Bitcoin mining machines   70    70 
Infrastructure   1,185    1,185 
Containers   403    403 
Property and equipment, gross   1,723    1,723 
Less: Accumulated depreciation   (920)   (816)
Property and equipment, net  $803   $907 

 

The Company recorded depreciation expense of $55 and $104 for the three and six months ended June 30, 2024, respectively. The Company recorded depreciation expense of $68 and $124 for the three and six months ended June 30, 2023, respectively. For the three and six months ended June 30, 2023, we exchanged all our S17 miners which were fully depreciated for 35 S19 miners, which resulted in a gain of $0 and $70, respectively.