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 9 Months Ended
Sep. 03, 2021
USD ($)
Dec. 23, 2020
Dec. 23, 2020
Dec. 08, 2020
Oct. 23, 2020
Integer
Aug. 13, 2020
Integer
$ / shares
May 11, 2020
USD ($)
Integer
Sep. 30, 2021
USD ($)
Integer
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
Integer
Sep. 30, 2020
USD ($)
Oct. 01, 2021
Integer
May 21, 2021
USD ($)
Integer
Dec. 31, 2020
USD ($)
Jul. 29, 2020
Integer
Jun. 11, 2020
Integer
May 18, 2020
Integer
May 12, 2020
Integer
Defined Benefit Plan Disclosure [Line Items]                                    
Common stock, issued during the period, value                 $ 21,985,976 $ 237,429,620 $ 28,792,982              
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; September 30, 2021; April 30, 2021, May 31, 2021 and September 30, 2021.                
Number of unit received | Integer               10,500   10,500                
Miners Asset Purchase Description     August 2021                              
Payments for purchase of miners                   $ 137,610,848 13,269,670              
Deposit Assets               $ 203,258,440   203,258,440       $ 65,647,592        
Paymet of initial deposit                   9,100,000                
Initial deposit               14,600,000   14,600,000                
Depreciation expenses               4,300,000 787,689 7,961,729 1,797,959              
Amortization expense               18,483 $ 17,794 53,382 53,382              
Amortization expense                   54,071 $ 53,382              
Bridge Loan [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Debt fee amount               $ 14,000,000   14,000,000     $ 14,000,000          
Bitmaintech PTE., LTD [Member]                                    
Defined Benefit Plan Disclosure [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 August 2021   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 was for 2,500 units to be delivered in January, 4,500 units to be delivered in February and the final 3,000 units to be delivered in March 2021.The gross purchase price was $23,620,000 with 30% due upon the execution of the contract and the balance paid over the next 4 months.                          
Payments for purchase of miners                   $ 118,799,091                
Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Number of unit received | Integer               10,000   10,000                
Balance including payments                   $ 21,581,594                
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Balance including payments                   167,763,451                
Purchase price                   21,718,649                
Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member] | Subsequent Event [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Number of unit received | Integer                       10,000            
North LLC [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Payments for purchase of miners                   $ 8,000,000                
Compute North LLC [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Paymet of initial deposit $ 14,600,000                                  
Antminer S-19 Pro ASIC [Member]                                    
Defined Benefit Plan Disclosure [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]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Number of miners | Integer         10,000     10,000   10,000                
North LLC [Member] | Bitmaintech PTE., LTD [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Number of miners | Integer                         73,000          
Miners from MicroBT [Member]                                    
Defined Benefit Plan Disclosure [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]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Number of miners | Integer                               500 500 660
Deposit Assets               $ 185,600,000   $ 185,600,000                
North LLC [Member]                                    
Defined Benefit Plan Disclosure [Line Items]                                    
Bridge Loan                         $ 67,000,000