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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 4 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2022
Sep. 30, 2023
Revenue:        
Cryptocurrency mining $ 457,951 $ 637,269
Operating costs and expenses:        
Cryptocurrency mining costs 209,929 303,172
Depreciation and amortization 425,468 558,319
General and administrative 6,314,951 276,788 309,511 9,236,815
Impairment of cryptocurrency mining equipment 16,794,688
Total operating expenses 6,950,348 276,788 309,511 26,892,994
Loss from operations (6,492,397) (276,788) (309,511) (26,255,725)
Other income (expense):        
Interest income 85,166 128,202
Interest expense (67,744) (111,463)
Loss on adjustment to fair value – warrant liabilities (24,855,085)   (24,855,085)
Loss on adjustment to fair value – AR Debentures (2,141,000) (2,882,000)
Loss on adjustment to fair value – Obligation Shares (770,918) (1,477,103)
Liquidated damages (173,763) (173,763)
Total other income (expense) (27,923,344) (29,371,212)
Loss from operations before provision for income taxes (34,415,741) (276,788) (309,511) (55,626,937)
Provision for income taxes
Net loss $ (34,415,741) $ (276,788) $ (309,511) $ (55,626,937)
Loss per common share:        
Basic $ (5.24) $ (15.80)
Diluted $ (5.24) $ (15.80)
Weighted average common shares outstanding:        
Basic 6,565,134 3,520,843
Diluted 6,565,134 3,520,843