EQUIPMENT DEPOSITS (Details Narrative) - USD ($) |
3 Months Ended | |||
|---|---|---|---|---|
Apr. 12, 2021 |
Mar. 31, 2022 |
Jun. 30, 2022 |
Jun. 30, 2021 |
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| Non-related Parties | $ 1,678,660 | |||
| Equipment Deposits | $ 2,355,167 | $ 7,663,265 | ||
| Total Purchase | $ 34,047,600 | |||
| Purchase, Description | The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable monthly starting in June 2021. | |||
| Cryptocurrency Mining, Description | 12 equal batches of 400 units, starting in August 2021 and through July 2022. | |||
| Bitmain Agreement [Member] | ||||
| Equipment Deposits | $ 6,261,491 | |||
| Purchase Obligation Percentage | 50.00% | |||
| Reimbursing Equipment Deposits | 50.00% | |||
| Canaan Convey Co. LTD [Member] | ||||
| Prepaid Expenses | $ 990,000 |
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- Definition Identifies or describes the benchmark that serves as the denominator in the calculation of the percentage of concentration risk. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Describes the terms of a significant arrangement with a supplier (excluding an unconditional purchase obligation) to acquire goods or services over a period of time beyond one year or the normal operating cycle, if longer, which may include identification of the goods or services to be purchased, pricing, effects on pricing of failing to reach minimum quantities required to be purchased, cancellation rights, and termination provisions. No definition available.
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of amounts paid in advance which will be charged against earnings in periods after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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