Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.21.2
Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

NOTE 6 – Subsequent Events

 

On August 2, 2021, the Company executed a contract with Bitmain to purchase an additional 30,000 next generation Antminer S-19j Pro ASIC Miners, to be delivered between January 2022 and June 2022. The purchase price is $120,711,500. The purchase price for the miners shall be paid as follows: 32.76% within 48 hours of signing of contract; 6.45% on or before August 15, 2021; 6.16% on or before September 15, 2021; 6.02% on or before October 15, 2021; 12.66% on or before November 15, 2021; 12.17% on or before December 15, 2021; 6.32% on January 15, 2022; 6.13% on February 15, 2022; 5.79 % on March 15, 2022 and 5.53% on April 15, 2021.