v3.22.4
Related Party Balance and Transactions (Details) - Schedule of advances to suppliers – related party - USD ($)
 3 Months Ended 12 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Schedule of Advances to Suppliers Related Party [Abstract]    
Bitcoin mining hardware and other equipment [1] $ 1,978,368 $ 6,153,546
Total Advances to suppliers-related party $ 1,978,368 $ 6,153,546
[1] On January 10, 2022, the Company’s joint venture, Thor Miner, entered into a Purchase Agreement with HighSharp. Pursuant to the Purchase Agreement, Thor Miner agreed to purchase certain cryptocurrency mining equipment. In January and April 2022, Thor Miner made total prepayment of $35,406,649 for the order. $4,175,178 was shipped in September 2022 and prepayment as of September 30, 2022 amounted to $1,978,368. The Company shipped products of $1,325,520 for the year ended June 2022 and $6,153,546 from July to December 2022. Due to production issues from HighSharp, Thor Miner was not able to timely deliver the full quantity of cryptocurrency mining machines to SOSNY under the PSA according to contract and was sued by SOSNY for breach of contract on December 9, 2022. The Company entered into settlement agreement SOSNY effective on December 28, 2022, under which the Company will repay $13.0 million to SOSNY and terminate the previous agreements and balance of the deposits. The Company also assigned to SOSNY the right for the deposit that Thor Miner has paid to HighSharp. As of December 22, 2022, the balance of advance to HighSharp and deposit from SOSNY amounted to $27,927,583 and $40,560,569, respectively. Thor paid $13.0 million on December 23, 2022 to SOSNY and wrote off the balance of the deposit it received from SOSNY and the balance of its payment to HighSharp result in net bad debt expenses of $367,014.