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v3.23.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Schedule of dollar exchange rate of relevant currencies |
|  | As of December 31, |  |  | % of change |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Year-end AUD 1 = USD |  |  | 0.681 |  |  |  | 0.726 |  |  |  | (6 | )% |  |  | (6 | )%
Average AUD 1 = USD |  |  | 0.693 |  |  |  | 0.751 |  |  |  | (8 | )% |  |  | 9 | %
Schedule of digital currency |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Opening number of Bitcoin held |  |  | 0.92 |  |  |  | 0.52 |
Number of Bitcoin added |  |  | 1,342.59 |  |  |  | 808.88 |
Number of Bitcoin sold |  |  | (1,343.51 | ) |  |  | (808.48 | )
Closing number of Bitcoin held |  |  | (0.00 | ) |  |  | 0.92 |
Schedule of fair value measurement |
|  | Fair value measured at December 31, 2022 |
|  | Total carrying value as at December 31, 2022 |  |  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Derivative asset |  | $ | 11,299,971 |  |  |  |  |  |  |  |  |  |  |  | 11,299,971 |
Marketable securities |  | $ | 3,243,957 |  |  |  |  |  |  |  |  |  |  |  | 3,243,957 |
|  | Fair value measured at December, 2021 |
|  | Total carrying value at December 31, 2021 |  |  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Derivative asset |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Marketable securities |  | $ | 326,801 |  |  | $ | 326,801 |  |  | $ | - |  |  | $ | - |
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 |  | Straight-Line
Transformers |  | 15 years |  | Straight-Line
Leasehold improvements |  | 10 years |  | Straight-Line

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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