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 |