Quarterly report pursuant to Section 13 or 15(d)

DEPOSIT, PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS (Details Narrative)

v3.21.2
DEPOSIT, PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS (Details Narrative)
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 23, 2020
Dec. 23, 2020
Dec. 08, 2020
Oct. 23, 2020
Integer
Aug. 13, 2020
Integer
$ / shares
May 12, 2020
Integer
May 11, 2020
USD ($)
Integer
Jun. 30, 2021
USD ($)
Integer
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
Integer
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
May 21, 2021
USD ($)
Integer
Jul. 29, 2020
Integer
Jun. 11, 2020
Integer
May 18, 2020
Integer
Related Party Transaction [Line Items]                                
Common stock, issued during the period, value                 $ 6,421,889 $ 237,429,620 $ 6,807,006          
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; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.   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; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.        
Number of unit received | Integer               9,399   9,399            
Number of transit | Integer               1,101   1,101            
Payments to Acquire Mining Assets                   $ 55,935,273 4,195,200          
[custom:MinersAssetPurchaseDescription]   August                            
Deposit               $ 121,582,865   121,582,865   $ 65,647,592        
Depreciation               2,900,000 499,489 3,640,014 1,010,270          
Amortization of patents and website               17,794 $ 17,794 35,589 $ 35,588          
Bridge Loan [Member]                                
Related Party Transaction [Line Items]                                
Debt fee amount               $ 14,000,000   14,000,000     $ 14,000,000      
Bitmaintech PTE., LTD [Member]                                
Related Party Transaction [Line Items]                                
Description about payment for miners On December 23, 2020, the Company executed a contract with Bitmain to purchase an additional 70,000 next generation Antminer S-19 ASIC Miners, with 7,000 units to be delivered by   On December 8, 2020, the Company executed a contract with Bitmain 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. On October 23, 2020, the Company executed a contract with Bitmain 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 with 30% due upon the execution of the contract and the balance paid over the next 4 months.                        
Payments to Acquire Mining Assets                   $ 91,080,311            
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC [Member]                                
Related Party Transaction [Line Items]                                
Number of unit received | Integer               10,000   10,000            
[custom:BalanceIncludingPayments]                   $ 21,581,594            
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member]                                
Related Party Transaction [Line Items]                                
[custom:BalanceIncludingPayments]                   21,718,649            
Payments to Acquire Mining Assets                   17,374,924            
Bitmaintech PTE., LTD [Member] | Certain Institutional Investors [Member]                                
Related Party Transaction [Line Items]                                
[custom:BalanceIncludingPayments]                   167,763,451            
North LLC [Member]                                
Related Party Transaction [Line Items]                                
Payments to Acquire Mining Assets                   $ 8,000,000            
Bitmain S19 Pro Miners [Member]                                
Related Party Transaction [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 received 660 of the 1,660 units at its Hosting Facility in August, and its hosting partner, Compute North, had installed them upon their arrival. Of the 1,000 remaining S-19 Pro Miners due to arrive in the 4th quarter, 500 were received in November and installed in the Company’s Hosting Facility in Montana, while 500 are anticipated to be received and installed during the remainder of the 4th quarter. These miners will produce an additional 110 PH/s increasing the Company to an aggregate Hashpower of 294 PH/s.                    
Antminer S-19 Pro ASIC [Member]                                
Related Party Transaction [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                      
Antminer S-19 Pro ASIC [Member] | Bitmaintech PTE., LTD [Member]                                
Related Party Transaction [Line Items]                                
Number of miners | Integer       10,000       10,000   10,000            
North LLC [Member] | Bitmaintech PTE., LTD [Member]                                
Related Party Transaction [Line Items]                                
Number of miners | Integer                         73,000      
Miners from MicroBT [Member]                                
Related Party Transaction [Line Items]                                
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]                                
Related Party Transaction [Line Items]                                
Number of miners | Integer           500                 500 660
Deposit               $ 113,600,000   $ 113,600,000            
North LLC [Member]                                
Related Party Transaction [Line Items]                                
Bridge loan                         $ 67,000,000