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

Note 11. Subsequent Events

 

The Company has evaluated the impacts of subsequent events through August 14, 2019, and has determined that no such events occurred that were required to be reflected in the unaudited condensed consolidated financial statements, except as described within the above notes and described below.

 

Subsequent to June 30, 2019, through August 14, 2019, the Company issued 30,500,000 shares of its common stock under the equity purchase agreement for gross proceeds of $1,291.

 

In July and August 2019, the holder of the June 2018 Note converted $325 of debt principle into 11,537,510 shares of common stock, reducing the outstanding principal to $1,759.

 

On July 15, 2019, the Company announced it entered into a purchase agreement with Bitmaintech Pte. Ltd, a Singapore private limited company, to purchase 1,100 Antminer-S-17 Bitcoin miners for an aggregate purchase price of approximately $2,770, subject to adjustments, with delivery expected in October 2019 to the Company’s facility in Lafayette, GA.

 

On July 12, 2019, the acquirer of 150 shares of Preferred Shares on April 12, 2019, converted 25 shares of Preferred Shares into 6,725,854 shares of common stock. The same entity acquired 10 shares of the Preferred Shares for $100 on July 15, 2019.