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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (3,316,594) $ 758,191
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,291,301 1,142,192
Stock-based compensation - related party 497,500 1,880,000
Loss on exercise of warrants 11,000 0
Common stock issued for services 0 40,733
Loss on disposition of property and equipment 510,634 46,999
Amortization of debt discount 114,564 0
Gain on forgiveness of debt 0 (5,924)
Realized loss (gain) on sale of digital currencies 12,514 (312,075)
Changes in operating assets and liabilities:    
Digital currencies (2,398,464) (4,080,688)
Prepaid expenses and other current assets (8,880) 195,120
Deposits (500,000) 1,005,462
Accounts payable 120,727 (41,369)
Accrued expenses 139,381 (2,953)
Due to related party 292,023 48,855
Net cash provided by (used in) operating activities (2,234,294) 674,543
CASH FLOWS FROM INVESTING ACTIVITIES:    
Equipment deposits (32,514) (7,218,405)
Net proceeds from the sale of digital currencies 2,428,290 6,460,183
Purchase of digital currencies (302,951) (2,001,325)
Purchase of property and equipment 0 (28,575)
Proceeds from the sale of property and equipment 0 70,000
Net cash provided by (used in) investing activities 2,092,825 (2,718,122)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of notes payable (50,000) (13,229)
Net cash provided by (used in) financing activities (50,000) (13,229)
Net increase (decrease) in cash (191,469) (2,056,808)
Cash, cash equivalents, and restricted cash - beginning of period 490,280 2,097,537
Cash, cash equivalents, and restricted cash - end of period 298,811 40,729
Cash paid during the period for:    
Interest 50,237 515
Income taxes 0 0
Non-cash investing and financing activities:    
Equipment deposits transferred to property and equipment 2,387,681 8,891,751
Accrued preferred stock dividends 988,823 406,662
Conversion of Series B preferred stock for common stock 903 2,474
Common stock issued for common stock payable 0 5,480,000
Common stock issued for accrued dividends 293,639 0
Common stock issued for exercise of warrants 234 0
Deemed dividend for warrant modification $ 255,374 $ 0