Quarterly report pursuant to Section 13 or 15(d)

Organization and Description of Business (Details Narrative)

v3.21.1
Organization and Description of Business (Details Narrative)
2 Months Ended 3 Months Ended 12 Months Ended
May 12, 2021
May 10, 2021
USD ($)
Integer
$ / shares
Mar. 12, 2021
shares
Feb. 11, 2021
shares
Jan. 25, 2021
USD ($)
Jan. 12, 2021
USD ($)
$ / shares
shares
Jan. 12, 2021
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$ / shares
shares
Jan. 06, 2021
shares
Jan. 04, 2021
USD ($)
Dec. 23, 2020
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Integer
Dec. 23, 2020
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Dec. 11, 2020
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Dec. 08, 2020
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Dec. 08, 2020
USD ($)
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Nov. 12, 2020
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Oct. 23, 2020
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Oct. 23, 2020
USD ($)
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Oct. 06, 2020
USD ($)
$ / shares
shares
Aug. 13, 2020
USD ($)
Integer
$ / shares
May 12, 2020
Integer
May 11, 2020
USD ($)
Integer
shares
Mar. 31, 2020
USD ($)
$ / shares
shares
Nov. 15, 2019
shares
Jan. 02, 2018
shares
Mar. 14, 2021
USD ($)
Mar. 31, 2021
USD ($)
Integer
shares
Mar. 31, 2020
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$ / shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
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$ / shares
Jul. 29, 2020
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Jun. 11, 2020
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May 18, 2020
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May 21, 2019
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Mar. 31, 2019
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Organization And Description Of Business [Line Items]                                                                    
Reverse stock split                                                       1:4 Reverse Split            
Common stock shares issued during period | shares                                             1,058,558         474,808            
Failed to maintain a minimum amount                                                                 $ 2,500,000  
Stockholders' equity                                           $ 3,169,718       $ 683,723,083 $ 3,169,718 $ 311,744,964 $ 3,647,672         $ 2,158,192
Common stock, issued during the period, value                                                   237,429,619 385,117 $ 297,659,270            
Common stock price | $ / shares                                                       $ 0.90            
Change in fair value of mining payable                                                   (66,548) $ (66,547)            
Impaiment of assets                                                   $ 662,199            
Miners description                                                   Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; March 31, 2021; April 30, 2021, May 31, 2021 and June 30, 2021   Subject to the timely payment of the purchase price, Bitmain shall deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; March 31, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.            
Payments for purchase of miners                                                   $ 63,221,724 $ 65,647,592            
Total amount to be paid for miner                                                       167,763,452            
Proceeds from public offering                 $ 2,300,000                                                  
Other current receivables                                                     74,767,226            
Purchase price of mining                                                       33,552,690            
Aggregate purchase price of common stock         $ 150,000,000                   $ 100,000,000                                      
Cash                                                       $ 141,300,000            
Common stock shares outstanding | shares                                                   99,370,465   81,974,619            
Number of shares Restricted stock | shares                                                       1,000,000            
Compensation description                                                       Compensation for directors of the board for 2021 as follows: (i) cash compensation of $60,000 per year for each director, plus an additional $15,000 per year for each committee chair, paid 25% at the end of each calendar quarter; (ii) for existing directors, the equivalent of $120,000 annually in RSUs; and (iii) for newly elected directors, a one-time grant of $200,000 in RSUs, vesting 25% each calendar quarter during 2021.            
Option exercise | shares                                                   25,000                
Digital asstes                                                   $ 292,600,000                
Cumulative impairments                                                   $ 6,620,000                
Number of Bitcoins | Integer                                                   5,130                
Cash and cash equivalents                                                   $ 211,934,086   $ 141,322,776            
Digital currencies                                                   $ 10,746,219   2,271,656            
Subsequent Event [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of Bitcoins | Integer   5,290                                                                
Acquisition of bitcoins | Integer   4,813                                                                
Aggregate purchase price of bitcoins   $ 150,000,000                                                                
Bitcoin Fair Value Per Share | $ / shares   $ 31,137                                                                
Warrant [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Warrants outstanding | shares                                                   170,904                
Crypto-Currency Machines [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Impaiment of assets                                                       $ 871,302            
First 20% [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   Twenty percent (20%) of the total purchase price shall be paid as a non-refundable down payment within forty-eight (48) hours of execution of the agreement                
Second 20% [Member                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   The Company shall pay the twenty percent (20%) of the total purchase price prior to September 20, 2020.                
10% [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   The Company shall pay the ten percent (10%) of the total purchase price prior to October 10, 2020.                
50% [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   The Company shall pay the remaining fifty percent (50%) of the total purchase price in equal monthly installments due not less than fifty-five (55) days prior to the scheduled delivery of the Product(s).                
First Installment [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the first installment of products to be shipped to the Company in January 2021.                
Second Installment [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the second installment of the products to be shipped to the Company in February 2021.                
Third Installment [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the third installment of the products to be shipped to the Company in March 2021.                
Fourth Installment [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the fourth installment of the products to be shipped to the Company in April 2021.                
Fifth Installment [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the fifth installment of the products to be shipped to the Company in May 2021.                
Sixth Installment [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Description about the payment for miners                                                   eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the sixth installment of the products to be shipped to the Company in June 2021                
Phase I [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Total amount to be paid for miner                                   $ 23,000,000                                
Phase II [Member] | Minimum [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Total amount to be paid for miner                                   9,000,000                                
Phase II [Member] | Maximum [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Total amount to be paid for miner                                   $ 32,000,000                                
At The Market Offering [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                                       6,632,712            
Proceeds from public offering                                                       $ 77,100,000            
Other current receivables                                                       $ 74,800,000            
Restricted Stock [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of shares Restricted stock | shares                                                       1,000,000            
Increase number of shares available under Plan | shares                                                       2,547,392            
Restricted Stock [Member] | Minimum [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of restricted stock, value                                                       $ 500,000,000            
Restricted Stock One [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of shares Restricted stock | shares                                                       1,000,000            
Restricted Stock One [Member] | Minimum [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of restricted stock, value                                                       $ 750,000,000            
Restricted Stock Two [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of shares Restricted stock | shares                                                       2,000,000            
Restricted Stock Two [Member] | Minimum [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of restricted stock, value                                                       $ 1,000,000,000            
Restricted Stock Three [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of shares Restricted stock | shares                                                       2,000,000            
Restricted Stock Three [Member] | Minimum [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of restricted stock, value                                                       $ 2,000,000,000            
Stock Options [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Option exercise | shares                                                   23,500                
Miners from MicroBT [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                         1,300,000                          
Common stock, issued during the period, value                                         $ 1,300,000                          
Miners description                                         The 700 miners produce 80/Th and will generate 56 PH/s (petahash) of hashing power, compared to the Company's current S-9 production of 46 PH/s. These next generation MicroBT ASIC miners are markedly more energy efficient than our existing Bitmain models.                          
Number of miners | Integer                                         700                 700        
Bitmain S19 Pro Miners [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Miners description                                       These miners produce 110 TH/s and will generate 73 PH/s (petahash) of hashing power, compared to the Company's S-9 production of 46 PH/s. The Company made the payments of approximately $4.2 million in the second quarter of 2020 and expects 660 of the 1,660 units to take delivery at its Hosting Facility in mid-August, and its hosting partner, Compute North, expects to install them within 48 hours of their arrival. The 1,000 remaining S-19 Pro Miners arrived in the 4th quarter and will produce an additional 110 PH/s increasing the Company to an aggregate Hashpower of 294 PH/s.                            
Number of miners | Integer                                       660                     500 500    
Bitmain S19 Pro Miners [Member] | Subsequent Event [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Miners description These miners produce 110 TH/s and will generate 73 PH/s (petahash) of hashing power, compared to the Company's S-9 production of 46 PH/s. The Company made the payments of approximately $4.2 million in the second quarter of 2020 and expects 660 of the 1,660 units to take delivery at its Hosting Facility in mid-August, and its hosting partner, Compute North, expects to install them within 48 hours of their arrival. The 1,000 remaining S-19 Pro Miners arrived in the 4th quarter and will produce an additional 110 PH/s increasing the Company to an aggregate Hashpower of 294 PH/s.                                                                  
Antminer S-19 Pro ASIC Miners [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Miners description                                     The purchase price per unit is $2,362 ($2,206 with a 6.62% discount) for a total purchase price of $24,801,000 (with a 6.62% discount for a discounted price of $23,159,174). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000 TH/s.                              
Number of miners | Integer                                     10,500                              
Purchase price per unit of miners | $ / shares                                     $ 2,362                              
Discounted purchase price per unit of miners | $ / shares                                     $ 2,206                              
Miners [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                                       583,750            
Common stock, issued during the period, value                                                       $ 513,700            
Common stock price | $ / shares                                                         $ 0.88          
Change in fair value of mining payable                                                       507,862 $ 66,547          
Merrick Okamoto [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Cash bonus                                                       2,000,000            
Sim Salzman [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Cash bonus                                                       $ 40,000            
Number of shares Restricted stock | shares                                                       91,324            
James Crawford [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Cash bonus                                                       $ 127,308            
Number of shares Restricted stock | shares                                                       57,990            
Asset Purchase Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                           1,276,442                        
Common stock, issued during the period, value                                           $ 2,233,773                        
Common stock percent                                           19.90%                        
At The Market Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Purchase price of mining           $ 200,000,000                                                        
Employment Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Agreement term                                                       3 years            
Increased in salary percentage                                                       3.00%            
At-the-market (ATM) [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares           200,000,000                                           81,974,619            
Common stock, issued during the period, value                                                       $ 141,300,000            
Offering costs           $ 200,000,000 $ 200,000,000                                                      
Shares issued price per share | $ / shares           $ 20 $ 20                                                      
Securities Purchase Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares             12,500,000                                                      
Common stock price | $ / shares           $ 20.00 $ 20.00                                                      
Offering costs           $ 250,000,000 $ 250,000,000                                                      
Sale of stock, shares | shares           12,500,000                                                        
Sale of stock, exercise price | $ / shares           $ 20.00 $ 20.00                                                      
Purchase Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Proceeds from public offering                                                       250,000,000            
SelectGreen Blockchain Ltd [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                           2,335,000                        
Common stock, issued during the period, value                                           $ 4,086,250                        
Common stock price | $ / shares                                           $ 1.75         $ 1.75              
Bitmaintech PTE., LTD [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Payments for purchase of miners                                                       $ 22,660,679            
Description about the payment for miners                     to purchase an additional 70,000 next generation Antminer S-19 ASIC Miners, with 7,000 units to be delivered in July 2021, and the remaining 63,000 units to be delivered in December 2021. The purchase price is $167,763,451. The purchase price for the miners shall be paid as follows: 20% within 48 hours of signing of contract; 30% on or before March 1, 2021; 4.75% on June 15, 2021; 1.76% on July 15, 2021; 4.58% on August 15, 2021; 10.19% on September 15, 2021; 17.63% on October 15, 2021 and 11.55% on November 15, 2021.   to purchase an additional 10,000 next generation Antminer S-19j Pro ASIC Miners, with 6,000 units to be delivered in August 2021, and the remaining 4,000 units to be delivered in September 2021. The gross purchase price is $$23,770,000 with 10% of the purchase price due within 48 hours of execution of the contract, 30% due on January 14, 2021, 10% due on February 15, 2021, 30% due on June 15, 2021 and 20% due on July 15, 2021.     to purchase an additional 10,000 next generation Antminer S-19 Pro ASIC Miners. The 2021 delivery schedule will be 2,500 Units in January, 4,500 Units in February and the final 3,000 Units in March 2021.The gross purchase price is $23,620,000.00 with 30% due upon the execution of the contract and the balance paid over the next 4 months.                       the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; March 31, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.            
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC Miners [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Miners description                   The purchase price for the miners shall be paid as follows: 20% within 48 hours of signing of contract; 30% on or before March 1, 2021; 4.75% on June 15, 2021; 1.76% on July 15, 2021; 4.58% on August 15, 2021; 10.19% on September 15, 2021; 17.63% on October 15, 2021 and 11.55% on November 15, 2021.                                                
Number of miners | Integer                   70,000 70,000         10,000 10,000                                  
Percentage of discount for the purchase of miners                                                 8.63%                  
Payments for purchase of miners                   $ 83,881,726                               $ 21,581,594                
Total amount to be paid for miner                                                   21,581,594                
Purchase price of mining                   $ 167,763,451                             $ 21,581,594                  
Aggregate purchase price of common stock                                 $ 23,620,000                                  
Execution of contract percentage                                 30.00%                                  
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC Miners [Member] | July 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                   7,000 7,000                                              
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC Miners [Member] | December 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                   63,000 63,000                                              
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC Miners [Member] | January 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                               2,500 2,500                                  
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC Miners [Member] | February 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                               4,500 4,500                                  
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC Miners [Member] | March 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                               3,000 3,000                                  
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                         10,000 10,000                                        
Percentage of discount for the purchase of miners                                                 8.63%                  
Payments for purchase of miners                                                   10,859,330                
Total amount to be paid for miner                                                   21,718,649                
Purchase price of mining                                                 $ 21,718,649                  
Aggregate purchase price of common stock                           $ 23,770,000                                        
Execution of contract percentage                           10.00%                                        
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member] | August 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                         6,000 6,000                                        
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member] | January 14, 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Execution of contract percentage                           30.00%                                        
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member] | February 15, 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Execution of contract percentage                           10.00%                                        
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member] | June 15, 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Execution of contract percentage                           30.00%                                        
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member] | July 15, 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Execution of contract percentage                           20.00%                                        
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member] | September 2021 [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of miners | Integer                         4,000 4,000                                        
Bitmaintech PTE., LTD [Member] | Long Term Purchase Contract [Member] | Antminer S-19 Pro ASIC Miners [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Miners description                                     The purchase price per unit is $2,362.00 ($2,205.63 with a 6.62% discount) for a total purchase price of $24,801,000.00 (with a 6.62% discount for a discounted price of $23,159,173.80). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000.00TH/s.                              
Number of miners | Integer                                     10,500                              
Purchase price per unit of miners | $ / shares                                     $ 2,362                              
Discounted purchase price per unit of miners | $ / shares                                     $ 2,206                              
Percentage of discount for the purchase of miners                                     6.62%           8.63%                  
Payments for purchase of miners                                     $ 24,801,000             22,660,679                
Discounted payment for purchase of miners                                     $ 23,159,174           $ 22,660,673 $ 22,660,679                
Marathon and Beowulf [Member] | Power Purchase Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Miners description                                   Marathon and Beowulf entered into an exclusive Power Purchase Agreement for the initial supply of 30 MW (Phase I), and up to 100 MW in the aggregate (Phase II), of energy load to the Facility at a cost of $0.028/kWh. The initial term of the Power Purchase Agreement is five years, with up to five additional three-year extensions, as mutually agreed, assuming 75% energy utilization of the initial 30 MW of energy supplied to the Facility.                                
Energy load facility cost | $ / shares                                   $ 0.028                                
Purchase price of mining                                   $ 750,000                                
Marathon and Beowulf [Member] | Data Facility Services Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock description                                   Upon completion of Phase I, Marathon will issue to Beowulf an additional 150,000 shares of its common stock. During Phase II, Marathon will issue to Beowulf an additional 350,000 shares of its common stock - 150,000 shares upon reaching 60 MW of Facility load and 200,000 at completion of the full 100 MW of Facility load. The cost to maintain and run the Facility will be $0.006/kWh.                                
Marathon and Beowulf [Member] | Data Facility Services Agreement [Member] | Phase I [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                   150,000                                
Marathon and Beowulf [Member] | Data Facility Services Agreement [Member] | Phase II [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                   350,000                                
Beowulf and 2P1 [Member] | Data Facility Services Agreement [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares                                   3,000,000                                
Energy load facility cost | $ / shares                                   $ 1.87                                
Aggregate purchase price of common stock                                   $ 11,220,000                                
H.C. Wainwright [Member] | At The Market Agreement [Member] | Maximum [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Purchase price of mining                       $ 200,000,000                                            
2018 Equity Incentive Plan [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Common stock shares issued during period | shares       4,701,442                                       625,000                    
Shares vested | shares               566,279                                                    
2018 Equity Incentive Plan [Member] | Merrick Okamoto [Member] | Restricted Stock [Member]                                                                    
Organization And Description Of Business [Line Items]                                                                    
Number of shares Restricted stock | shares     2,547,392