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v3.23.2

3. ACQUISITIONS (Details Narrative) $ in Thousands |  |  | 9 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 21, 2023 USD ($) a Facility Servers | Aug. 17, 2022 | Jun. 30, 2023 USD ($) Servers shares | Apr. 08, 2023 Servers | Apr. 07, 2023 ft² | Dec. 31, 2022 USD ($) | Oct. 08, 2022 a | Dec. 31, 2021 USD ($)
Business Acquisition [Line Items] |  |  |  |  |  |  |  |
Area of Land | ft² |  |  |  |  | 15,000 |  |  |
Contingent liabilities |  |  | $ 485 |  |  |  |  |
Building and Improvements [Member] |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |
Property, plant and equipment, useful life |  | 30 years |  |  |  |  |  |
Miners [Member] |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |
Property, plant and equipment, useful life |  | 3 years |  |  |  |  |  |
Coinmaker LLC [Member] |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |
Number of mining facility | Facility | 2 |  |  |  |  |  |  |
Acquisition payment | $ 9,389 |  |  |  |  |  |  |
Area of Land | a | 1 |  |  |  |  |  |  |
Mining servers purchased | Servers | 20 |  |  |  |  |  |  |
Georgia Power Agreement [Member] |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |
Area of real property | a |  |  |  |  |  |  | 16.35 |
Mawson Infrastructure Group [Member] |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |
Contingent cash consideration |  |  | $ 13,500 |  |  |  |  |
Business acquisition purchase common stocks shares | shares |  |  | 1,590,175 |  |  |  |  |
Business acquisition purchase value |  |  | $ 4,800 |  |  |  |  |
Contingent liabilities |  |  | 0 |  |  | $ 2,840 |  | $ 3,325
Recognized gain in change in Fair Value of Contingent Consideration |  |  | 2,000 |  |  |  |  |
Promissory notes |  |  | 6,500 |  |  |  |  |
Cash payment |  |  | $ 9,018 |  |  |  |  |
Business acquisition, shares issued, shares | shares |  |  | 1,100,890 |  |  |  |  |
Business acquisition, shares issued, value |  |  | $ 3,325 |  |  |  |  |
Earn-out payable |  |  | $ 2,000 |  |  |  |  |
Mining servers purchased | Servers |  |  | 150 | 150 |  |  |  |
Spre Commercial Group, Inc. & Waha Technologies, Inc. [Member] |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |
Acquisition of land purchase and sale agreement |  | Additionally, on August 17, 2022, in connection with the Land Purchase and Sale Agreement, the Company completed the purchase of a mix of S19 and S19 J Pro bitcoin miners with a total processing power equal to approximately 341,985 terahash per second, pursuant to an Equipment Purchase and Sale Agreement (together with the Land Purchase and Sale Agreement, the “WAHA Transaction”), from Waha Technologies, Inc., (“WAHA”, and collectively with SPRE, "WAHA & SPRE"), an affiliate of the SPRE. Pursuant to the Land Purchase and Sale Agreement and the Equipment Purchase and Sale Agreement the Company acquired substantially all of WAHA & SPRE's assets. The transaction was accounted for as an acquisition of a business. |  |  |  |  |  |
Closing of acquisition |  | Total consideration for the SPRE Property and miners consisted of (i) $1,962 in financing provided by SPRE to the Company at an interest rate of 12% per annum, to be repaid in 12 monthly installments of $174, (ii) the Company’s assumption of a mortgage with a maximum principal amount of $2,158 and an interest rate of 13% and (iii) $19,772 of cash consideration paid by the Company to SPRE. Acquisition related costs of $118, consisting primarily of legal and recording fees, were expensed as incurred in accordance with ASC 805 and are reflected in professional fees on the Consolidated Statements of Operations and Comprehensive Loss. |  |  |  |  |  |

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