v3.22.2.2
Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenue:    
Cryptocurrency mining $ 4,871,473 $ 1,793,316
Sales of cryptocurrency mining equipment 1,678,660 58,074
Total revenue, net 6,550,133 1,851,390
Cost of revenues 3,868,471 920,376
Gross profit (loss) 2,681,662 931,014
Operating expenses:    
General and administrative and related party stock-based compensation 3,215,485 22,599,241
Total operating expenses 3,215,485 22,599,241
Income (Loss) from operations (533,823) (21,668,227)
Other income (expense):    
Interest expense (18,289) (435,981)
Realized gain (loss) on sale of digital currencies 181,853 (22,948)
Change in fair value of derivative liabilities 0 (76,687)
Loss on disposition of property and equipment (154,180) (238,363)
Gain on extinguishment of debt 5,924 9,125
Loss on sale of property and equipment (46,999) 0
Total other income (expense) (31,691) (764,854)
Net income (loss) before income taxes (565,514) (22,433,081)
Provision for income taxes 0 0
Net income (loss) (565,514) (22,433,081)
Dividends on Preferred Stock (550,554) (193,933)
Deemed dividend 0 (384,100)
Net income (loss) attributable to shareholders $ (1,116,068) $ (23,011,114)
Net income (loss) per common share attributable to shareholders, basic and diluted $ (0.01) $ (0.16)
Weighted average number of common shares outstanding, basic and diluted 204,714,576 146,038,413