Note 9. Deposits

The following table presents the activity of the Company’s deposits paid:

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Deposits on Equipment

During the three months ended March 31, 2026, the Company made deposits and advance payments of $16.2 million to MicroBT for the purchase of miners and reclassified $54.0 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 March 31, 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 Company has other security deposits totaling approximately $0.9 million for its offices and facilities.