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Summary of Significant Accounting Policies (Tables)
12 Months Ended
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