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v3.23.1

Significant Transactions (Details) $ in Thousands |  |  |  | 1 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | ---
Sep. 29, 2022 USD ($) | Sep. 29, 2022 AUD ($) | Sep. 08, 2022 | Sep. 02, 2022 USD ($) | Sep. 02, 2022 AUD ($) | Nov. 30, 2022 USD ($) | Nov. 23, 2022 | Feb. 23, 2022 | Dec. 31, 2022 USD ($) | Dec. 31, 2022 AUD ($) | Sep. 22, 2022 USD ($) | Jul. 08, 2022 USD ($)
Significant Transactions (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Significant transactions description |  |  | 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, 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). There is also additional potential consideration payable pursuant to the Purchase and Sale Agreement of; (i) up to 1,100,890 shares of CleanSpark Common Stock dependent the number of modular data centers on the Property occupied by the Company being emptied and made available for use by CleanSpark. We achieved this additional consideration on December 30, 2022 and received the shares on January 13, 2023, and (ii) $2 million in cash if CleanSpark is able to utilize at least an additional 150 MW of power on the property by the six month anniversary of the Closing Date, this was not achieved by the end of December 31, 2022. |  |  |  |  |  |  |  |  |
Ownership percentage |  |  |  |  |  |  | 34.90% |  |  |  |  |
Transaction after impairement |  |  |  |  |  |  |  |  | $ 2.1 |  |  |
Principal amount |  |  |  |  |  |  |  |  | 28,089,975 |  |  |
Total loan facility |  |  |  | $ 1,900,000 | $ 3,000 |  |  |  |  |  |  |
Increased loan facility | $ 5,200,000 | $ 8,000 |  |  |  |  |  |  | $ 3,370,000 | $ 4,960 |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  |  |  |  |  |  |  | 12.00% |  |  |
Mature term |  |  |  |  |  |  |  |  | March 2023 | March 2023 |  |
Secured Convertible Promissory Notes [Member] |  |  |  |  |  |  |  |  |  |  |  |
Significant Transactions (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  |  |  |  | $ 3,100,000 | $ 3,600,000
Interest rate per annum |  |  |  |  |  |  |  | 12.00% |  |  |  |
Maturity date |  |  |  |  |  |  |  | Aug. 23, 2023 |  |  |  |
Outstanding balance |  |  |  |  |  |  |  |  | $ 14,000,000 |  |  |
Principal repayments |  |  |  |  |  | $ 3,100,000 |  |  |  |  |  |
Secured Convertible Promissory Notes [Member] | Celsius Mining LLC [Member] |  |  |  |  |  |  |  |  |  |  |  |
Significant Transactions (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  |  | $ 20,000,000 |  |  |

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