XML 54 R23.htm IDEA: XBRL DOCUMENT v3.22.2.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of estimated useful lives of the assets
Asset class   Useful life   Depreciation Method
Fixtures and Fittings   5 years   Straight-Line
Plant and equipment   10 years   Straight-Line
Modular data center   5 years   Declining
Motor Vehicles   5 years   Straight-Line
Computer equipment   3 years   Straight-Line
Processing Machinery (Miners)   2 years   Declining
Transformers   15 years   Straight-Line
Leasehold improvements   10 years   Straight-Line

 

Schedule of input that is significant to the fair value measurement
   Fair value measured at June 30, 2022 
  

Total carrying
value at

June 30,
2022

   Quoted prices
in active
markets (Level 1)
   Significant other
observable
inputs
(Level 2)
   Significant
unobservable
inputs
(Level 3)
 
Derivative asset  $17,714,357   $
-
   $
       -
   $17,714,357 
Financial assets  $1,638,027   $172,198   $
-
   $1,465,829 

 

   Fair value measured at December, 2021 
   Total carrying
value at
December,
2021
   Quoted prices
in active
markets (Level 1)
   Significant other
observable
inputs
(Level 2)
   Significant
unobservable
inputs
(Level 3)
 
Derivative asset  $
       -
   $
-
   $
      -
   $
       -
 
Financial assets  $326,801   $326,801   $
-
   $
-
 

 

Schedule of digital currency
   Three
months to
June 30,
2022
   Six
months to
June 30,
2022
 
         
Opening number of Bitcoin held as at March 31, 2022 and December 31, 2021   0.00    0.92 
Number of Bitcoin added   489.60    948.27 
Number of Bitcoin sold   (487.39)   (946.98)
Closing number of Bitcoin held as at June 30, 2022   2.21    2.21