Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.19.2
Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events

Note 15.  Subsequent Events: 

 

Financing

 

During July 2019, in connection with the Company’s Sales Agreement with H.C. Wainwright, the Company received gross proceeds of approximately $2.6 million from the sale of 930,019 shares of common stock.

 

Preferred Stock

 

Subsequent to June 30, 2019, 800 shares of the Company’s Series B preferred stock were converted into 800 shares of the Company’s common stock.

 

Restricted Stock

 

Subsequent to June 30, 2019, a total of 36,500 restricted stock rights were awarded to a consultant and advisory board members. The shares vest monthly over one to two year periods.

 

Miner acquisitions

 

During June 2019, the Company initiated purchases of approximately 200 S9 and 30 L3 miners at a total cost of approximately $100,000.  These miners are expected to be operational early in the third quarter of 2019.