Deposits |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Deposits | Note 9. Deposits The following table presents the activity of the Company’s deposits paid:
Deposits on Equipment During the nine months ended September 30, 2026, the Company made deposits and advance payments of $48.2 million to MicroBT for the purchase of miners and reclassified $96.7 million of deposits made to MicroBT (see Note 6. Property and Equipment). Security Deposits During the year ended December 31, 2023, the Company paid $23.0 million, all of which remains held as a deposit as of September 30, 2026, as a security deposit in connection with its 215 MW increase to the long-term, fixed-price power secured under the Rockdale PPA, resulting in a total of 345 MW under contract at fixed prices at the Rockdale Facility (see Note 8. Power Supply Agreements). The remainder of the Company’s security deposits consisted of approximately $0.9 million for its offices and facilities. |