|6 Months Ended|
Jun. 30, 2020
|Subsequent Events [Abstract]|
Note 11. Subsequent Events:
Subsequent to June 30, 2020, in connection with the Company’s Sales Agreement with H.C. Wainwright, the Company received gross proceeds of approximately $29.7 million from the sale of approximately 10.8 million shares of common stock via the ATM Offering.
On July 16, 2020, the Company issued 10,378 shares of its common stock to an advisor in settlement of fully vested restricted stock units granted to the advisor under its Equity Plan.
As previously reported, on July 16, 2020, the Company received 1,000 of the new S19 Pro Miners it purchased from Bitmain at the Coinmint Facility and, on July 21, 2020, the Company received an additional 432 next generation Bitmain Antminer S19 Miners at the Coinmint Facility. As previously disclosed, the Company expects the balance of the 1,000 Bitmain Antminer S19 Pro Miners to be delivered to the Coinmint Facility in the early fourth quarter of 2020.
Sale of Cryptocurrencies
Subsequent to June 30, 2020, the Company sold 100 bitcoins generating total cash proceeds of approximately $1 million.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef