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v3.22.2.2

Subsequent Events (Details) - USD ($) $ in Millions |  |  | 9 Months Ended |
--- | --- | --- | --- | ---
Nov. 07, 2022 | Sep. 08, 2022 | Sep. 30, 2022 | Oct. 14, 2022
Subsequent Events (Details) [Line Items] |  |  |  |
Description of subsequent event |  | the Company entered into a (i) Purchase and Sale Agreement with CleanSpark, and (ii) an Equipment Purchase and Sale Agreement. Pursuant of the Purchase Agreement, CleanSpark assumed from the Company a lease for approximately 16.35 acres of real property located in Sandersville, Washington County, Georgia, and all personal property situated on the Property. This transaction closed on October 8, 2022, and CleanSpark paid the following consideration to the Company pursuant to the Purchase Agreement: (i) $13.50 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share of CleanSpark (valued at $4.8 million on October 7, 2022), and (iii) $6.5 million in Seller financing in the form of promissory notes. Pursuant to the Equipment Purchase Agreement, CleanSpark purchased from the Company, 6,468 (which number was later reduced to 6,349) application-specific integrated circuit miners, this transaction closed on October 8, 2022 for $9.48 million in cash (which was later reduced to $9.02 million upon reduction in the number of miners). |  |
Shares issued (in Shares) |  |  | 1,100,890 |
Weighted average price |  |  | $ 4.5 |
Earn out shares percentage |  |  | 100.00% |
Earn out payable |  |  | $ 2.0 |
Subsequent Event [Member] |  |  |  |
Subsequent Events (Details) [Line Items] |  |  |  |
Principal amount |  |  |  | $ 3.2
Description of secured loan facility agreement | MIG No 1 Pty Ltd, a subsidiary of the Company, (the “Borrower”) signed an amendment to a Secured Loan Facility Agreement originally dated 9 December 2021. The primary commercial driver of the agreed amended terms was to provide the Borrower with some flexibility as to future uses of the loan collateral (certain Australia-based MDCs and miners), in return for an early repayment of USD$3m due on 14 November 2022. The new arrangement resulted in a change to amounts repayable in relation to the loan within one year from September 30, 2022 to $5.7m (from $3.4m), with a corresponding decrease in the amounts repayable after one year from September 30, 2022 to $7.3m (from $9.1m). |  |  |
W Capital Loan [Member] | Subsequent Event [Member] |  |  |  |
Subsequent Events (Details) [Line Items] |  |  |  |
Principal amount |  |  |  | $ 5.0

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