Marathon Digital (MARA) 10-Q 13 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 13, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-36555
Entity Registrant Name	MARATHON DIGITAL HOLDINGS, INC.
Entity Central Index Key	0001507605
Entity Tax Identification Number	01-0949984
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1180 North Town Center Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89144
City Area Code	702
Local Phone Number	945-2773
Title of 12(b) Security	Common Stock
Trading Symbol	MARA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		99,634,123

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 170,615,847	$ 141,322,776
Digital currencies	28,966,404	2,271,656
Other receivable		74,767,226
Deposit	121,582,865	65,647,592
Investment fund	166,915,071
Prepaid expenses and other current assets	3,570,683	2,399,965
Total current assets	491,650,870	286,409,215
Other assets:
Property and equipment, net of accumulated depreciation and impairment charges of $10,120,373 and $6,480,359 for June 30, 2021 and December 31, 2020, respectively	80,151,147	17,224,321
Prepaid service contract	11,095,026	8,415,000
Right-of-use assets		200,301
Intangible assets, net of accumulated amortization of $243,187 and $207,598 for June 30, 2021 and December 31, 2020, respectively	966,813	1,002,402
Total other assets	92,212,986	26,842,024
TOTAL ASSETS	583,863,856	313,251,239
Current liabilities:
Accounts payable and accrued expenses	2,626,242	999,742
Current portion of lease liability		121,596
Warrant liability	718,329	322,437
Total current liabilities	3,344,571	1,443,775
Long-term liabilities
SBA PPP loan payable		62,500
Total long-term liabilities		62,500
Total liabilities	3,344,571	1,506,275
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively
Common stock, 0.0001 par value; 200,000,000 shares authorized; 99,634,123 and 81,974,619 issued and outstanding at June 30, 2021 and December 31, 2020, respectively	9,963	8,197
Additional paid-in capital	722,543,196	428,242,763
Accumulated other comprehensive loss	(450,719)	(450,719)
Accumulated deficit	(141,583,155)	(116,055,277)
Total stockholders’ equity	580,519,285	311,744,964
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 583,863,856	$ 313,251,239

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accumulated depreciation of property and equipment	$ 10,120,373	$ 6,480,359
Accumulated amortization of intangible assets	$ 243,187	$ 207,598
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	99,634,123	81,974,619
Common stock, shares outstanding	99,634,123	81,974,619

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues
Cryptocurrency mining revenue	$ 29,321,857	$ 286,161	$ 38,474,672	$ 878,648
Total revenues	29,321,857	286,161	38,474,672	878,648
Operating costs and expenses
Cost of revenue	6,993,834	740,483	9,400,249	1,893,724
Compensation and related taxes	4,082,767	1,060,480	56,488,554	1,294,137
Consulting fees	105,355	24,313	218,960	66,125
Professional fees	2,160,775	162,552	2,473,807	309,194
General and administrative	278,860	89,566	586,050	198,503
Impairment of mined cryptocurrency	11,078,660		11,740,859
Total operating expenses	24,700,251	2,077,394	80,908,479	3,761,683
Income (loss) from Operations	4,621,606	(1,791,233)	(42,433,807)	(2,883,035)
Other income (expenses)
Other income	64,484		63,014	106,408
Loss on conversion of note		(364,832)		(364,832)
Change in fair value of investment in NYDIG fund	(114,907,879)		16,915,071
Realized gain (loss) on sale of digital currencies	989	8,482	935	4,260
Change in fair value of warrant liability	1,196,004	(6,563)	(395,892)	3,224
Change in fair value of mining payable				(66,547)
Interest income	141,379	499	325,207	2,379
Interest expense	(1,203)	(7,549)	(2,406)	(20,984)
Total other (expenses) income	(113,506,226)	(369,963)	16,905,929	(336,092)
Income (loss) before income taxes	(108,884,620)	(2,161,196)	(25,527,878)	(3,219,127)
Income tax expense
Net income (loss)	$ (108,884,620)	$ (2,161,196)	$ (25,527,878)	$ (3,219,127)
Net income (loss) per share, basic and diluted:	$ (1.09)	$ (0.13)	$ (0.26)	$ (0.26)
Weighted average shares outstanding, basic and diluted:	99,466,946	16,291,610	96,922,964	12,473,568

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2019		$ 846	$ 109,705,051	$ (105,607,506)	$ (450,719)	$ 3,647,672
Beginning balance, shares at Dec. 31, 2019		8,458,781
Stock based compensation		$ 275	671,713			671,988
Stock based compensation, net of tax withholding, shares		2,745,639
Issuance of common stock, net of offering costs/At-the-market offering		$ 1,095	6,805,911			6,807,006
Issuance of common stock, net of offering costs/At-the-market offering, shares		10,947,893
Common stock issued for purchase of mining servers		$ 35	171,587			171,622
Common stock issued for purchase of mining servers, shares		350,250
Common stock issued for note conversion		$ 202	1,578,872			1,579,074
Common stock issued for note conversion, shares		2,023,739
Net income loss				(3,219,127)		(3,219,127)
Ending balance, value at Jun. 30, 2020		$ 2,453	118,933,134	(108,826,633)	(450,719)	9,658,235
Ending balance, shares at Jun. 30, 2020		24,526,302
Beginning balance, value at Dec. 31, 2019		$ 846	109,705,051	(105,607,506)	(450,719)	3,647,672
Beginning balance, shares at Dec. 31, 2019		8,458,781
Ending balance, value at Dec. 31, 2020		$ 8,197	428,242,763	(116,055,277)	(450,719)	311,744,964
Ending balance, shares at Dec. 31, 2020		81,974,619
Beginning balance, value at Mar. 31, 2020		$ 922	110,284,952	(106,665,437)	(450,719)	3,169,718
Beginning balance, shares at Mar. 31, 2020		9,212,106
Stock based compensation		$ 275	648,475			648,750
Stock based compensation, net of tax withholding, shares		2,745,639
Issuance of common stock, net of offering costs/At-the-market offering		$ 1,054	6,420,835			6,421,889
Issuance of common stock, net of offering costs/At-the-market offering, shares		10,544,818
Common stock issued for note conversion		$ 202	1,578,872			1,579,074
Common stock issued for note conversion, shares		2,023,739
Warrant exercised for cash
Net income loss				(2,161,196)		(2,161,196)
Ending balance, value at Jun. 30, 2020		$ 2,453	118,933,134	(108,826,633)	(450,719)	9,658,235
Ending balance, shares at Jun. 30, 2020		24,526,302
Beginning balance, value at Dec. 31, 2020		$ 8,197	428,242,763	(116,055,277)	(450,719)	311,744,964
Beginning balance, shares at Dec. 31, 2020		81,974,619
Stock based compensation		$ 480	51,907,098			51,907,578
Stock based compensation, net of tax withholding, shares		4,800,962
Issuance of common stock, net of offering costs/At-the-market offering		$ 1,250	237,428,370			237,429,620
Issuance of common stock, net of offering costs/At-the-market offering, shares		12,500,000
Options exercised on cashless basis		$ 3	(3)
Options exercised on cashless basis, shares		23,500
Warrant exercised for cash		$ 17	160,145			160,162
Warrant exercised for cash, shares		170,904
Common stock issued for cashless exercise of warrants		$ 0				0
Common stock issued for cashless exercise of warrants, shares		2,044
Common stock issued for service and license agreements		$ 16	4,804,823			4,804,839
Common stock issued for service and license agreements, shares		162,094
Net income loss				(25,527,878)		(25,527,878)
Ending balance, value at Jun. 30, 2021		$ 9,963	722,543,196	(141,583,155)	(450,719)	580,519,285
Ending balance, shares at Jun. 30, 2021		99,634,123
Beginning balance, value at Mar. 31, 2021		$ 9,937	716,862,400	(32,698,535)	(450,719)	683,723,083
Beginning balance, shares at Mar. 31, 2021		99,370,465
Stock based compensation		$ 10	875,973			875,983
Stock based compensation, net of tax withholding, shares		99,520
Common stock issued for cashless exercise of warrants
Common stock issued for cashless exercise of warrants, shares		2,044
Common stock issued for service and license agreements		$ 16	4,804,823			4,804,839
Common stock issued for service and license agreements, shares		162,094
Net income loss				(108,884,620)		(108,884,620)
Ending balance, value at Jun. 30, 2021		$ 9,963	$ 722,543,196	$ (141,583,155)	$ (450,719)	$ 580,519,285
Ending balance, shares at Jun. 30, 2021		99,634,123

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (108,884,620)	$ (2,161,196)	$ (25,527,878)	$ (3,219,127)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	2,900,000	499,489	3,640,014	1,010,270
Amortization of patents and website	17,794	17,794	35,589	35,588
Realized gain (loss) on sale of digital currencies	(989)	(8,482)	(935)	(4,260)
Change in fair value of warrant liability	(1,196,004)	6,563	395,892	(3,224)
Change in fair value of mining payable				66,547
Change in fair value of investment securities	114,907,879		(16,915,071)
Gain on PPP loan forgiveness			(62,500)
Impairment of cryptocurrencies			11,740,859
Stock based compensation			55,717,561	671,988
Amortization of right-of-use assets			200,301	52,117
Changes in operating assets and liabilities:
Digital currencies			(38,474,672)	(878,648)
Lease liability			(121,596)	(53,736)
Prepaid expenses and other assets			954,094	58,886
Accounts payable and accrued expenses			1,626,500	173,555
Net cash used in operating activities			(6,791,842)	(2,090,044)
CASH FLOWS FROM INVESTING ACTIVITIES
Sale of digital currencies			40,000	775,349
Purchase of investment securities			(150,000,000)	(1,277,455)
Purchase of property and equipment			(66,566,839)
Deposits for the purchase of mining servers			(55,935,273)	(4,195,200)
Net cash used in investing activities			(272,462,112)	(4,697,306)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds received on issuance of notes payable				62,500
Proceeds from issuance of common stock/At-the-market offering			324,768,493	7,061,603
Offering costs for the issuance of common stock/At-the-market offering			(12,571,648)	(254,597)
Value of shares withheld for taxes			(3,809,983)
Proceeds received on exercise of options and warrants			160,163
Net cash provided by financing activities			308,547,025	6,869,506
Net increase in cash and cash equivalents			29,293,071	82,156
Cash and cash equivalents — beginning of period			141,322,776	692,963
Cash and cash equivalents — end of period	$ 170,615,847	$ 775,119	170,615,847	775,119
Supplemental schedule of non-cash investing and financing activities:
Common stock issued for purchase of mining servers				171,622
Reduction of share commitment for purchase of mining servers				408,625
Options exercised into common stock			3
Common stock issued for note conversion				1,579,074
Common stock issued for service and license agreements			$ 4,804,839

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Organization Marathon Digital Holdings, Inc. (the “Company”) was incorporated in the State of Nevada on February 23, 2010 under the name Verve Ventures, Inc. On December 7, 2011, the Company changed its name to American Strategic Minerals Corporation and were engaged in exploration and potential development of uranium and vanadium minerals business. In June 2012, the Company discontinued the minerals business and began to invest in real estate properties in Southern California. In October 2012, the Company discontinued its real estate business when the former CEO joined the firm and the Company commenced IP licensing operations, at which time the Company’s name was changed to Marathon Patent Group, Inc. On November 1, 2017, the Company entered into a merger agreement with Global Bit Ventures, Inc. (“GBV”), which is focused on mining digital assets. The Company purchased cryptocurrency mining machines and established a data center in Canada to mine digital assets. The Company expanded its activities in the mining of new digital assets, while at the same time harvesting the value of its remaining IP assets. As of June 30, 2021, the Company has since terminated the lease in Canada and deployed over 17,300 On August 13, 2020, the Company entered into a Long Term Purchase Contract with Bitmaintech PTE., LTD (“Bitmain”) for the purchase of 10,500 2,362 2,206 6.62% 24,801,000 8.63% 22,660,673 Subject to the timely payment of the purchase price, Bitmain shall deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021. As of June 30, 2021, the Company has paid the entire purchase price under this agreement and has received 9,399 units from Bitmain with an additional 1,101 in transit. On October 6, 2020, the Company entered into a series of agreements with affiliates of Beowulf Energy LLC, a Delaware limited liability company (collectively and as applicable, “Beowulf”) and Two Point One, LLC, a Delaware limited liability company (“2Pl”; Marathon, Beowulf and 2Pl each a “Party” and, collectively, the “Parties”). Beowulf and 2Pl have been designing and developing a data center facility of up to 100-megawatts (the “Facility”) that will be located next to, and supplied energy directly from, Beowulf’s power generating station in Hardin, MT (the “Hardin Station”). The Facility is being developed in two phases to reach its 100 MW capacity, and the Hardin Station will supply the Facility exclusively with energy to operate Bitcoin mining servers. The projected build out cost for Phase I is approximately $ 23 9 32 33 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS Marathon and Beowulf entered into an exclusive Power Purchase Agreement for the initial supply of 30 MW (Phase I), and up to 100 MW in the aggregate (Phase II), of energy load to the Facility at a cost of $ 0.028 750,000 Beowulf and 2P1 will provide operation and maintenance services for the Facility pursuant to a Data Facility Services Agreement, in exchange for an initial issuance of 3,000,000 1.87 11,220,000 Upon completion of Phase I, Marathon will issue to Beowulf an additional 150,000 350,000 150,000 200,000 On October 23, 2020, the Company executed a contract with Bitmain to purchase an additional 10,000 2,500 4,500 3,000 23,620,000 30% 8.63% 21,581,594 10,000 On December 8, 2020, the Company executed a contract with Bitmain to purchase an additional 10,000 6,000 4,000 23,770,000 10% 30% 10% 30% 20% 8.63% 21,718,649 17,374,924 21,718,649 On December 23, 2020, the Company executed a contract with Bitmain to purchase an additional 70,000 next generation Antminer S-19 ASIC Miners, with 7,000 units to be delivered by August 2021, 2,100 units to be delivered by September 2021, 6,500 units to be delivered by October 31, 2021, 14,700 units to be delivered by November 30, 2021, 24,500 units to be delivered by December 31, 2021 and 15,200 units to be delivered by January 31, 2022. The purchase price is $ 167,763,451 . The purchase price for the miners shall be paid as follows: 20% within 48 hours of signing of contract; 30% on or before March 1, 2021; 4.75% on June 15, 2021; 1.76% on July 15, 2021; 4.58% on August 15, 2021; 10.19% on September 15, 2021; 17.63% on October 15, 2021 and 11.55% on November 15, 2021. As of June 30, 2021, the Company has paid $ 91,080,311 of the total balance of $ 167,763,452 . MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS On December 31, 2020, the Company sold 6,632,712 77.1 $2.3 74.8 Effective December 31, 2020, the Board of Directors of the Company ratified the following arrangements approved by its Compensation Committee: Merrick Okamoto, CEO was awarded a cash bonus of $ 2,000,000 1,000,000 three-year 500,000,000 1,000,000 750,000,000 2,000,000 1,000,000,000 2,000,000 2,000,000,000 2,547,392 2,547,392 On January 12, 2021, the Company, entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain purchasers named therein (the “Purchasers”), pursuant to which the Company agreed to issue and sell, in a registered direct offering (the “Offering”), 12,500,000 20.00 The Purchase Agreement contains customary representations and warranties and agreements of the Company and the Purchasers and customary indemnification rights and obligations of the parties. The closing of the Offering occurred on January 15, 2021. The Company received gross proceeds of $ 250,000,000 On January 25, 2021, the Company announced that it has purchased 4,812.66 150 On February 11, 2021, the Company issued 4,701,442 Effective March 1, 2021, the Company changed its name to Marathon Digital Holdings, Inc. On March 7, 2021, the Company entered into a termination agreement with the 9349-0001 Quebec Inc., to agree to terminate the outstanding lease. As of that date, the Company was fully released and discharged from any and all obligations under the Lease Agreement. In November 2017, the Company assumed a lease in connection with the mining operations in Quebec, Canada. On May 21, 2021, Marathon Digital Holdings, Inc. (the “Company”) entered into a binding letter of intent with Compute North, LLC to host 73,000 0.50 0.044 67 14 8 14 Risks and Uncertainties The impact of the worldwide spread of a novel strain of coronavirus (“COVID 19”) has been and continues to be unprecedented and unpredictable, but based on the Company’s current assessment, the Company does not expect any material impact on its long-term strategic plans, operations and its liquidity due to the worldwide spread of COVID-19. However, the Company is continuing to assess the effect on its operations by monitoring the spread of COVID-19 and the actions implemented to combat the virus throughout the world and its assessment of the impact of COVID-19 may change.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying unaudited consolidated condensed financial statements, including the accounts of the Company’s subsidiaries, Marathon Crypto Mining, Inc., Crypto Currency Patent Holding Company and Soems Acquisition Corp., have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations. These consolidated condensed financial statements reflect all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the financial position, the results of operations and cash flows of the Company for the periods presented. It is suggested that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s most recent Annual Report on Form 10-K. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year ended December 31, 2021. Use of Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management include, but are not limited to, estimating the useful lives of patent assets and fixed assets, the assumptions used to calculate fair value of warrants and options granted, realization of long-lived assets, deferred income taxes, unrealized tax positions and the realization of digital currencies. Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies to those previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Digital Currencies Digital currencies are included in current assets in the consolidated balance sheets. Digital currencies are recorded at cost less impairment. An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value. In testing for impairment, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that an impairment exists. If it is determined that it is not more likely than not that an impairment exists, a quantitative impairment test is not necessary. If the Company concludes otherwise, it is required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. Halving – The bitcoin blockchain and the cryptocurrency reward for solving a block is subject to periodic incremental halving. Halving is a process designed to control the overall supply and reduce the risk of inflation in cryptocurrencies using a Proof-of-Work consensus algorithm. At a predetermined block, the mining reward is cut in half, hence the term “Halving”. The last halving for bitcoin occurred on May 12, 2020. Many factors influence the price of bitcoin and potential increases or decreases in prices in advance of or following a future halving is unknown. The following table presents the activities of the digital currencies for the six months ended June 30, 2021: SCHEDULE OF ACTIVITIES OF DIGITAL CURRENCIES Digital currencies at December 31, 2020 $ 2,271,656 Additions of digital currencies 38,474,672 Realized gain on sale of digital currencies 935 Impairment of cryptocurrencies (11,740,859 ) Sale of digital currencies (40,000 ) Digital currencies at June 30, 2021 $ 28,966,404 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS Investment Fund In 2016, the FASB issued Accounting Standards Update (ASU) 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, On January 25, 2021, the Company entered into a limited partnership agreement with NYDIG Digital Assets Fund III, LP (“fund”) whereas the fund purchased 4,812.66 150 100 Each Fund qualifies and operates as an investment company for accounting purposes pursuant to the accounting and reporting guidance under ASC 946, Financial Services – Investment Companies, which requires fair value measurement of the Fund’s investments in digital assets. The digital assets held by each Fund are traded on a number of active markets globally, including the over-the-counter (“OTC”) market and digital asset exchanges. A fair value measurement under ASC 820 for an asset assumes that the asset is exchanged in an orderly transaction between market participants either in the principal market for the asset or, in the absence of a principal market, the most advantageous market for the asset (ASC 820-10-35-5). An entity must have access to the principal (or most advantageous) market at the measurement date (ASC 820-10-35-6A). Fair Value of Financial Instruments The Company measures at fair value certain of its financial and non-financial assets and liabilities by using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The levels of the fair value hierarchy are: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. The carrying amounts reported in the consolidated balance sheet for cash, accounts receivable, accounts payable, and accrued expenses, approximate their estimated fair market value based on the short-term maturity of these instruments. The carrying value of notes payable and other long-term liabilities approximate fair value as the related interest rates approximate rates currently available to the Company. Financial assets and liabilities are classified in their entirety within the fair value hierarchy based on the lowest level of input that is significant to their fair value measurement. The Company measures the fair value of its marketable securities and investments by taking into consideration valuations obtained from third-party pricing sources. The pricing services utilize industry standard valuation models, including both income and market-based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. These inputs included reported trades of and broker-dealer quotes on the same or similar securities, issuer credit spreads, benchmark securities and other observable inputs. MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of June 30, 2021 and December 31, 2020, respectively: SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS Fair value measured at June 30, 2021 Total carrying value at June 30, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2021 (Level 1) (Level 2) (Level 3) Assets Investment Fund $ 166,915,071 - $ 166,915,071 - Liabilities Warrant liability $ 718,329 $ - $ - $ 718,329 Fair value measured at December 31, 2020 Total carrying value at December 31, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2020 (Level 1) (Level 2) (Level 3) Liabilities Warrant liability $ 322,437 $ - $ - $ 322,437 There were no transfers between Level 1, 2 or 3 during the three months ended June 30, 2021. Fair value of warrant liabilities At June 30, 2021, the Company had an outstanding warrant liability in the amount of $ 718,329 SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES Fair value Outstanding as of December 31, 2020 $ 322,437 Change in fair value of warrants 395,892 Outstanding as of June 30, 2021 $ 718,329 Non-recurring measurement of Fair Value The Company accounts for its digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Codification (“ASC”) 350, Intangibles – Goodwill and Other Fair Value Measurement, 29 11.7 971 33.8 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS Net Income and Basic and Diluted Net Income (Loss) per Share Net income (loss) for the three and six months ended June 30, 2021 is $ (108,884,620) and $ (25,527,878) ; however approximately $ 16.9 million of that income was generated as an unrealized gain from the change in value of our “fund of one” investment. In addition, the Company had previously generated NOL carry-forwards for federal and state purposes of approximately $ 45.6 million and $ 27.2 million, respectively. As such, the Company would not owe corporate income taxes as of June 30, 2021. Net income (loss) per common share is calculated in accordance with ASC Topic 260: Earnings Per Share (“ASC 260”). Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding, as they would be anti-dilutive. Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows: SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE As of June 30, 2021 2020 Warrants to purchase common stock 457,837 164,222 Restricted stock 199,038 2,065,479 Options to purchase common stock 81,120 140,182 Total 737,995 2,369,883 The following table sets forth the computation of basic and diluted loss per share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE For the Three Months Ended June 30, For the Six Months Ended June 30, 2021 2020 2021 2020 Net loss attributable to common shareholders $ (108,884,620 ) $ (2,161,196 ) $ (25,527,878 ) $ (3,219,127 ) Denominator: Weighted average common shares - basic and diluted 99,466,946 16,291,610 96,922,964 12,473,568 Income (loss) per common share - basic and diluted $ (1.09 ) $ (0.13 ) $ (0.26 ) $ (0.26 ) Recent Accounting Pronouncements The Company adopted Accounting Standards Update (“ASU”) No. 2019-12, “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”)” Any new accounting standards, not disclosed above, that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.

DEPOSIT, PROPERTY AND EQUIPMENT

DEPOSIT, PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2021
Deposit Property And Equipment And Intangible Assets
DEPOSIT, PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS	NOTE 3 – DEPOSIT, PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS On May 11, 2020, the Company signed a Contract Addendum with Compute North, to pause and suspend services under its Colocation Agreement. This suspended all production of Bitcoin using our S-9 miners. Halving – The bitcoin blockchain and the cryptocurrency reward for solving a block is subject to periodic incremental halving. Halving is a process designed to control the overall supply and reduce the risk of inflation in cryptocurrencies using a Proof-of-Work consensus algorithm. At a predetermined block, the mining reward is cut in half, hence the term “Halving”. The last halving for bitcoin occurred on May 12, 2020. Many factors influence the price of bitcoin and potential increases or decreases in prices in advance of or following a future halving is unknown. On May 11, 2020, the Company purchased 700 new generation M305+ASIC Miners from MicroBT for approximately $ 1.3 The 700 The Company purchased 660 latest generation Bitmain S19 Pro Miners on May 12, 2020, 500 units on May 18, 2020 and an additional 500 units on June 11, 2020. These miners produce 110 TH/s and will generate 73 PH/s (petahash) of hashing power, compared to the Company’s S-9 production of 46 PH/s. The Company made the payments of approximately $4.2 million in the second quarter of 2020 and received 660 of the 1,660 units at its Hosting Facility in August, and its hosting partner, Compute North, had installed them upon their arrival. Of the 1,000 remaining S-19 Pro Miners due to arrive in the 4 th th On July 29, 2020, the Company announced the purchase of 700 On August 13, 2020, the Company entered into a Long Term Purchase Contract with Bitmaintech PTE., LTD (“Bitmain”) for the purchase of 10,500 The purchase price per unit is $ 2,362 2,206 Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021. 9,399 1,101 On October 23, 2020, the Company executed a contract with Bitmain to purchase an additional 10,000 next generation Antminer S-19 Pro ASIC Miners. The 2021 delivery schedule will be 2,500 Units in January, 4,500 Units in February and the final 3,000 Units in March 2021.The gross purchase price is $23,620,000 with 30% due upon the execution of the contract and the balance paid over the next 4 months. 21,581,594 10,000 On December 8, 2020, the Company executed a contract with Bitmain to purchase an additional 10,000 next generation Antminer S-19j Pro ASIC Miners, with 6,000 units to be delivered in August 2021, and the remaining 4,000 units to be delivered in September 2021. The gross purchase price is $23,770,000 with 10% of the purchase price due within 48 hours of execution of the contract, 30% due on January 14, 2021, 10% due on February 15, 2021, 30% due on June 15, 2021 and 20% due on July 15, 2021. 17,374,924 21,718,649 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS On December 23, 2020, the Company executed a contract with Bitmain to purchase an additional 70,000 next generation Antminer S-19 ASIC Miners, with 7,000 units to be delivered by August 2021, 2,100 units to be delivered by September 2021, 6,500 units to be delivered by October 31, 2021, 14,700 units to be delivered by November 30, 2021, 24,500 units to be delivered by December 31, 2021 and 15,200 units to be delivered by January 31, 2022. The purchase price is $167,763,451. The purchase price for the miners shall be paid as follows: 20% within 48 hours of signing of contract; 30% on or before March 1, 2021; 4.75% on June 15, 2021; 1.76% on July 15, 2021; 4.58% on August 15, 2021; 10.19% on September 15, 2021; 17.63% on October 15, 2021 and 11.55% on November 15, 2021. 91,080,311 of the total balance of $ 167,763,451 . On February 1, 2021, Marathon announced that Bitmain had shipped approximately 4,000 S-19 Pro ASIC miners to the Company’s mining facility in Hardin, MT, all of which were delivered as scheduled. In addition to the initial 4,000 miners delivered to the Hardin facility in February, Bitmain has shipped another 14,702 miners to Hardin. Marathon has received over 18,702 miners as of June 30, 2021 and subsequent to quarter end increased its active mining fleet to approximately 19,749 miners, generating approximately 2.13 EH/s. As of June 30, 2021, approximately $ 113.6 On May 21, 2021, the Company entered into a binding letter of intent with Compute North, LLC to host 73,000 67 14 8 14 The components of property, equipment and intangible assets as of June 30, 2021 and December 31, 2020 are: SCHEDULE OF COMPONENTS OF PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS Useful life (Years) June 30, 2021 December 31, 2020 Website 7 121,787 $ 121,787 Mining equipment 5 75,261,576 12,989,318 Construction in Progress N/A 14,888,157 10,593,575 Mining patent 17 1,210,000 1,210,000 Gross property, equipment and intangible assets 91,481,520 24,914,680 Less: Accumulated depreciation and amortization (10,363,560 ) (6,687,957 ) Property, equipment and intangible assets, net $ 81,117,960 $ 18,226,723 The Company’s depreciation expense for the three months ended June 30, 2021 and 2020 were $ 2.9 499,489 17,794 17,794 3.6 1.0 35,589 35,588

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 4 - STOCKHOLDERS’ EQUITY Common Stock On January 1, 2018, our Board adopted the 2018 Equity Incentive Plan, subsequently approved by the stockholders on March 7, 2018, pursuant to which up to 625,000 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS Registered Direct Offering On January 12, 2021, the Company, entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain purchasers named therein (the “Purchasers”), pursuant to which the Company agreed to issue and sell, in a registered direct offering (the “Offering”), 12,500,000 20.00 The Purchase Agreement contains customary representations and warranties and agreements of the Company and the Purchasers and customary indemnification rights and obligations of the parties. The closing of the Offering occurred on January 15, 2021. The Company received gross proceeds of $ 250,000,000 Pursuant to a letter agreement, dated August 2020 (the “Engagement Letter”), the Company engaged H.C. Wainwright & Co., LLC (the “Placement Agent”) as placement agent in connection with the Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for the sale of the Securities. The Company agreed to pay to the Placement Agent a cash fee of 5.0% of the aggregate gross proceeds raised in the Offering. The Company also issued to designees of the Placement Agent warrants to purchase up to 3.0% of the aggregate number of shares of Common Stock sold in the transactions, or warrants to purchase up to 375,000 25.00 50,000 7,500 12,900 Series B Convertible Preferred Stock As of June 30, 2021, there were no shares of Series B Convertible Preferred Stock outstanding. Series E Preferred Stock There was no Series E Convertible Preferred Stock outstanding as of June 30, 2021. Common Stock Warrants A summary of the status of the Company’s outstanding stock warrants and changes during the six months ended June 30, 2021 is as follows: SUMMARY OF OUTSTANDING STOCK WARRANTS Number of Warrants Weighted Average Weighted Average Remaining Contractual Life Outstanding as of December 31, 2020 287,656 $ 12.64 2.7 Issued 386,719 25.00 4.5 Expired - - - Exercised (216,538 ) 7.55 0.8 Outstanding as of June 30, 2021 457,837 $ 25.54 3.8 Warrants exercisable as of June 30, 2021 457,837 $ 25.54 3.8 The aggregate intrinsic value of warrants outstanding and exercisable at June 30, 2021 was $ 2,717,238 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS Common Stock Options A summary of the stock options as of June 30, 2021 and changes during the period are presented below: SUMMARY OF STOCK OPTIONS Number of Shares Weighted Average Weighted Average Remaining Contractual Life Outstanding as of December 31, 2020 106,120 $ 44.32 4.28 Exercised (25,000 ) 2.04 - Outstanding as of June 30, 2021 81,120 $ 57.35 4.00 Options vested and expected to vest as of June 30, 2021 81,120 $ 57.35 4.00 Options vested and exercisable as of June 30, 2021 81,120 $ 57.35 4.00 The aggregate intrinsic value of options outstanding and exercisable at June 30, 2021 was $ 48,779 Restricted Stock On January 6, 2021, the Company issued 566,279 shares pursuant to the 2018 Equity Incentive Plan for shares that vested as of December 31, 2020. Subsequent to year end, the Company issued 172,948 and 23,500 shares of common stock pursuant to warrant and option exercises, respectively. A summary of the restricted stock award activity for the six months ended June 30, 2021 as follows: SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY Number of Units Weighted Average Grant Date Fair Value Nonvested at December 31, 2020 566,279 $ 0.43 Granted 4,999,999 $ 10.44 Vested (5,367,240 ) $ 9.38 Nonvested at June 30, 2021 199,038 $ 10.44

DEBT, COMMITMENTS AND CONTINGEN

DEBT, COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
DEBT, COMMITMENTS AND CONTINGENCIES	NOTE 5 - DEBT, COMMITMENTS AND CONTINGENCIES Leases Effective June 1, 2018, the Company rented its corporate office at 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144, on a month to month basis. The monthly rent is $ 1,997 3,815 The Company also assumed a lease in connection with the mining operations in Quebec, Canada. Operating leases are included in operating lease right-of-use assets, operating lease liabilities, and noncurrent operating lease liabilities on the balance sheets. On March 7, 2021, the Company entered into a termination agreement with the 9349-0001 Quebec Inc., to agree to terminate the outstanding lease. As of that date, the Company was fully released and discharged from any and all obligations under the Lease Agreement. Due to the lease termination, the Company incurred a loss on cancellation in an amount of approximately $ 81,000 Operation lease costs are recorded on a straight-line basis within operating expenses. The Company’s total lease expense is comprised of the following: MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS Additional information regarding the Company’s leasing activities as a lessee is as follow: SCHEDULE OF COMPONENTS OF LEASE COST June 30, 2021 June 30, 2020 For the Three Months Ended June 30, 2021 June 30, 2020 Operating leases Operating lease cost $ - $ 26,333 Operating lease expense - 26,333 Short-term lease rent expense 5,126 6,072 Total rent expense $ 5,126 $ 32,405 June 30, 2021 June 30, 2020 For the Six Months Ended June 30, 2021 June 30, 2020 Operating leases Operating lease cost $ 97,407 $ 53,122 Operating lease expense 97,407 53,122 Short-term lease rent expense 14,289 12,064 Total rent expense $ 111,696 $ 65,186 SCHEDULE OF LEASING ACTIVITIES For the Six Months Ended June 30, 2021 June 30, 2020 Operating cash flows from operating leases $ - $ 52,246 Weighted-average remaining lease term – operating leases - 1.4 Weighted-average discount rate – operating leases 0.0 % 6.5 % As of June 30, 2021, contractual minimal lease payments are nil. Legal Proceedings Feinberg Litigation On March 27, 2018, Jeffrey Feinberg, purportedly joined by the Jeffrey L. Feinberg Personal Trust and the Jeffrey L. Feinberg Family Trust, filed a complaint against the Company and certain of its former officers and directors. The complaint was filed in the Supreme Court of the State of New York, County of New York. The plaintiffs purported to state claims under Sections 11, 12(a)(2) and 15 of the federal Securities Act of 1933 and common law claims for “actual fraud and fraudulent concealment,” constructive fraud, and negligent misrepresentation, seeking unspecified money damages (including punitive damages), as well as costs and attorneys’ fees, and equitable or injunctive relief. On June 15, 2018, the defendants filed a motion to dismiss all claims asserted in the complaint and, on July 27, 2018, the plaintiffs filed an opposition to that motion. The court heard argument on the motion and, on January 15, 2019, the court granted the motion to dismiss, allowing 30 days for the filing of an amended complaint. On February 15, 2019, Jeffrey Feinberg, individually and as trustee of the Jeffrey L. Feinberg Personal Trust, and Terrence K. Ankner, as trustee of the Jeffrey L. Feinberg Family Trust, filed an amended complaint that purports to state the same claims and seeks the same relief sought in the original complaint. On March 7 and 22, 2019, defendants filed motions to dismiss the amended complaint and on April 5, 2019, plaintiffs filed an opposition to those motions. The court heard oral argument on the motions to dismiss on July 9, 2019, and at the conclusion of the argument the court took the motions under submission. On March 13, 2020, the court issued its Decision in which it granted the motions to dismiss in full and ordered that the case be dismissed with prejudice. On or about May 4, 2020, the plaintiffs filed a notice of appeal. Plaintiffs filed their opening appellate brief on January 4, 2021, and defendants filed their responsive appellate briefs on February 3, 2021. Oral argument on the appeal was conducted on April 1, 2021. On April 22, 2021, the court’s Appellate Division issued its Decision and Order affirming the dismissal of the case. Ho Matter On January 14, 2021, Plaintiff Michael Ho (“Plaintiff” or “Ho”) filed a Civil Complaint for Damages and Restitution (“Complaint”) against Marathon Patent Group, Inc., now known as Marathon Digital Holdings, Inc. (the “Company”) and 10 Doe Defendants in the Superior Court of the State of California for the County of Riverside. The Complaint alleges six causes of action against the Company, (1) Breach of Written Contract; (2) Breach of Implied Contract; (3) Quasi-Contract; (4) Services Rendered; (5) Intentional Interference with Prospective Economic Relations; and (6) Negligent Interference with Prospective Economic Relations. Claims 5 and 6 are pled against “all Defendants” and may involve later named defendants. The Complaint seeks damages, restitution, punitive damages, and costs of suit. The claims arise from the same set of facts. Ho alleges that the Company profited from commercially-sensitive information he shared with the Company, purportedly under a mutual non-disclosure agreement, and that the Company failed to compensate him for his role in securing the acquisition of a supplier of energy for the Company. On February 22, 2021, the Company responded to Mr. Ho’s Complaint with a general denial and the assertion of applicable affirmative defenses. Then, on February 25, 2021, the Company removed the action to the United States District Court in the Central District of California, where the action remains pending. The parties are currently engaged in discovery, including written discovery and depositions. Trial is set to begin on March 3, 2022. Due to outstanding issues of fact and law, it is impossible to predict the outcome at this time; however, the Company is confident that it will prevail in this litigation since it did not have a contract with Mr. Ho and he did not disclose any commercially-sensitive information under any mutual nondisclosure agreement that was used to structure any joint venture with energy providers.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 6 – Subsequent Events On August 2, 2021, the Company executed a contract with Bitmain to purchase an additional 30,000 The purchase price is $ 120,711,500

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited consolidated condensed financial statements, including the accounts of the Company’s subsidiaries, Marathon Crypto Mining, Inc., Crypto Currency Patent Holding Company and Soems Acquisition Corp., have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations. These consolidated condensed financial statements reflect all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the financial position, the results of operations and cash flows of the Company for the periods presented. It is suggested that these consolidated condensed financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s most recent Annual Report on Form 10-K. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year ended December 31, 2021.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management include, but are not limited to, estimating the useful lives of patent assets and fixed assets, the assumptions used to calculate fair value of warrants and options granted, realization of long-lived assets, deferred income taxes, unrealized tax positions and the realization of digital currencies.
Significant Accounting Policies	Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies to those previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020.
Digital Currencies	Digital Currencies Digital currencies are included in current assets in the consolidated balance sheets. Digital currencies are recorded at cost less impairment. An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value. In testing for impairment, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that an impairment exists. If it is determined that it is not more likely than not that an impairment exists, a quantitative impairment test is not necessary. If the Company concludes otherwise, it is required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. Halving – The bitcoin blockchain and the cryptocurrency reward for solving a block is subject to periodic incremental halving. Halving is a process designed to control the overall supply and reduce the risk of inflation in cryptocurrencies using a Proof-of-Work consensus algorithm. At a predetermined block, the mining reward is cut in half, hence the term “Halving”. The last halving for bitcoin occurred on May 12, 2020. Many factors influence the price of bitcoin and potential increases or decreases in prices in advance of or following a future halving is unknown. The following table presents the activities of the digital currencies for the six months ended June 30, 2021: SCHEDULE OF ACTIVITIES OF DIGITAL CURRENCIES Digital currencies at December 31, 2020 $ 2,271,656 Additions of digital currencies 38,474,672 Realized gain on sale of digital currencies 935 Impairment of cryptocurrencies (11,740,859 ) Sale of digital currencies (40,000 ) Digital currencies at June 30, 2021 $ 28,966,404 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
Investment Fund	Investment Fund In 2016, the FASB issued Accounting Standards Update (ASU) 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, On January 25, 2021, the Company entered into a limited partnership agreement with NYDIG Digital Assets Fund III, LP (“fund”) whereas the fund purchased 4,812.66 150 100 Each Fund qualifies and operates as an investment company for accounting purposes pursuant to the accounting and reporting guidance under ASC 946, Financial Services – Investment Companies, which requires fair value measurement of the Fund’s investments in digital assets. The digital assets held by each Fund are traded on a number of active markets globally, including the over-the-counter (“OTC”) market and digital asset exchanges. A fair value measurement under ASC 820 for an asset assumes that the asset is exchanged in an orderly transaction between market participants either in the principal market for the asset or, in the absence of a principal market, the most advantageous market for the asset (ASC 820-10-35-5). An entity must have access to the principal (or most advantageous) market at the measurement date (ASC 820-10-35-6A).
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company measures at fair value certain of its financial and non-financial assets and liabilities by using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The levels of the fair value hierarchy are: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. The carrying amounts reported in the consolidated balance sheet for cash, accounts receivable, accounts payable, and accrued expenses, approximate their estimated fair market value based on the short-term maturity of these instruments. The carrying value of notes payable and other long-term liabilities approximate fair value as the related interest rates approximate rates currently available to the Company. Financial assets and liabilities are classified in their entirety within the fair value hierarchy based on the lowest level of input that is significant to their fair value measurement. The Company measures the fair value of its marketable securities and investments by taking into consideration valuations obtained from third-party pricing sources. The pricing services utilize industry standard valuation models, including both income and market-based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. These inputs included reported trades of and broker-dealer quotes on the same or similar securities, issuer credit spreads, benchmark securities and other observable inputs. MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of June 30, 2021 and December 31, 2020, respectively: SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS Fair value measured at June 30, 2021 Total carrying value at June 30, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2021 (Level 1) (Level 2) (Level 3) Assets Investment Fund $ 166,915,071 - $ 166,915,071 - Liabilities Warrant liability $ 718,329 $ - $ - $ 718,329 Fair value measured at December 31, 2020 Total carrying value at December 31, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2020 (Level 1) (Level 2) (Level 3) Liabilities Warrant liability $ 322,437 $ - $ - $ 322,437 There were no transfers between Level 1, 2 or 3 during the three months ended June 30, 2021.
Fair value of warrant liabilities	Fair value of warrant liabilities At June 30, 2021, the Company had an outstanding warrant liability in the amount of $ 718,329 SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES Fair value Outstanding as of December 31, 2020 $ 322,437 Change in fair value of warrants 395,892 Outstanding as of June 30, 2021 $ 718,329
Non-recurring measurement of Fair Value	Non-recurring measurement of Fair Value The Company accounts for its digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Codification (“ASC”) 350, Intangibles – Goodwill and Other Fair Value Measurement, 29 11.7 971 33.8 MARATHON DIGITAL HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
Net Income and Basic and Diluted Net Income (Loss) per Share	Net Income and Basic and Diluted Net Income (Loss) per Share Net income (loss) for the three and six months ended June 30, 2021 is $ (108,884,620) and $ (25,527,878) ; however approximately $ 16.9 million of that income was generated as an unrealized gain from the change in value of our “fund of one” investment. In addition, the Company had previously generated NOL carry-forwards for federal and state purposes of approximately $ 45.6 million and $ 27.2 million, respectively. As such, the Company would not owe corporate income taxes as of June 30, 2021. Net income (loss) per common share is calculated in accordance with ASC Topic 260: Earnings Per Share (“ASC 260”). Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding, as they would be anti-dilutive. Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows: SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE As of June 30, 2021 2020 Warrants to purchase common stock 457,837 164,222 Restricted stock 199,038 2,065,479 Options to purchase common stock 81,120 140,182 Total 737,995 2,369,883 The following table sets forth the computation of basic and diluted loss per share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE For the Three Months Ended June 30, For the Six Months Ended June 30, 2021 2020 2021 2020 Net loss attributable to common shareholders $ (108,884,620 ) $ (2,161,196 ) $ (25,527,878 ) $ (3,219,127 ) Denominator: Weighted average common shares - basic and diluted 99,466,946 16,291,610 96,922,964 12,473,568 Income (loss) per common share - basic and diluted $ (1.09 ) $ (0.13 ) $ (0.26 ) $ (0.26 )
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company adopted Accounting Standards Update (“ASU”) No. 2019-12, “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”)” Any new accounting standards, not disclosed above, that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SCHEDULE OF ACTIVITIES OF DIGITAL CURRENCIES	The following table presents the activities of the digital currencies for the six months ended June 30, 2021: SCHEDULE OF ACTIVITIES OF DIGITAL CURRENCIES Digital currencies at December 31, 2020 $ 2,271,656 Additions of digital currencies 38,474,672 Realized gain on sale of digital currencies 935 Impairment of cryptocurrencies (11,740,859 ) Sale of digital currencies (40,000 ) Digital currencies at June 30, 2021 $ 28,966,404
SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS	The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of June 30, 2021 and December 31, 2020, respectively: SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS Fair value measured at June 30, 2021 Total carrying value at June 30, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2021 (Level 1) (Level 2) (Level 3) Assets Investment Fund $ 166,915,071 - $ 166,915,071 - Liabilities Warrant liability $ 718,329 $ - $ - $ 718,329 Fair value measured at December 31, 2020 Total carrying value at December 31, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2020 (Level 1) (Level 2) (Level 3) Liabilities Warrant liability $ 322,437 $ - $ - $ 322,437
SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES	SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES Fair value Outstanding as of December 31, 2020 $ 322,437 Change in fair value of warrants 395,892 Outstanding as of June 30, 2021 $ 718,329
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE	Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows: SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE As of June 30, 2021 2020 Warrants to purchase common stock 457,837 164,222 Restricted stock 199,038 2,065,479 Options to purchase common stock 81,120 140,182 Total 737,995 2,369,883
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE	The following table sets forth the computation of basic and diluted loss per share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE For the Three Months Ended June 30, For the Six Months Ended June 30, 2021 2020 2021 2020 Net loss attributable to common shareholders $ (108,884,620 ) $ (2,161,196 ) $ (25,527,878 ) $ (3,219,127 ) Denominator: Weighted average common shares - basic and diluted 99,466,946 16,291,610 96,922,964 12,473,568 Income (loss) per common share - basic and diluted $ (1.09 ) $ (0.13 ) $ (0.26 ) $ (0.26 )

DEPOSIT, PROPERTY AND EQUIPME_2

DEPOSIT, PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2021
Deposit Property And Equipment And Intangible Assets
SCHEDULE OF COMPONENTS OF PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS	The components of property, equipment and intangible assets as of June 30, 2021 and December 31, 2020 are: SCHEDULE OF COMPONENTS OF PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS Useful life (Years) June 30, 2021 December 31, 2020 Website 7 121,787 $ 121,787 Mining equipment 5 75,261,576 12,989,318 Construction in Progress N/A 14,888,157 10,593,575 Mining patent 17 1,210,000 1,210,000 Gross property, equipment and intangible assets 91,481,520 24,914,680 Less: Accumulated depreciation and amortization (10,363,560 ) (6,687,957 ) Property, equipment and intangible assets, net $ 81,117,960 $ 18,226,723

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
SUMMARY OF OUTSTANDING STOCK WARRANTS	A summary of the status of the Company’s outstanding stock warrants and changes during the six months ended June 30, 2021 is as follows: SUMMARY OF OUTSTANDING STOCK WARRANTS Number of Warrants Weighted Average Weighted Average Remaining Contractual Life Outstanding as of December 31, 2020 287,656 $ 12.64 2.7 Issued 386,719 25.00 4.5 Expired - - - Exercised (216,538 ) 7.55 0.8 Outstanding as of June 30, 2021 457,837 $ 25.54 3.8 Warrants exercisable as of June 30, 2021 457,837 $ 25.54 3.8 The aggregate intrinsic value of warrants outstanding and exercisable at June 30, 2021 was $ 2,717,238
SUMMARY OF STOCK OPTIONS	A summary of the stock options as of June 30, 2021 and changes during the period are presented below: SUMMARY OF STOCK OPTIONS Number of Shares Weighted Average Weighted Average Remaining Contractual Life Outstanding as of December 31, 2020 106,120 $ 44.32 4.28 Exercised (25,000 ) 2.04 - Outstanding as of June 30, 2021 81,120 $ 57.35 4.00 Options vested and expected to vest as of June 30, 2021 81,120 $ 57.35 4.00 Options vested and exercisable as of June 30, 2021 81,120 $ 57.35 4.00 The aggregate intrinsic value of options outstanding and exercisable at June 30, 2021 was $ 48,779
SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY	A summary of the restricted stock award activity for the six months ended June 30, 2021 as follows: SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY Number of Units Weighted Average Grant Date Fair Value Nonvested at December 31, 2020 566,279 $ 0.43 Granted 4,999,999 $ 10.44 Vested (5,367,240 ) $ 9.38 Nonvested at June 30, 2021 199,038 $ 10.44

DEBT, COMMITMENTS AND CONTING_2

DEBT, COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF LEASE COST	Additional information regarding the Company’s leasing activities as a lessee is as follow: SCHEDULE OF COMPONENTS OF LEASE COST June 30, 2021 June 30, 2020 For the Three Months Ended June 30, 2021 June 30, 2020 Operating leases Operating lease cost $ - $ 26,333 Operating lease expense - 26,333 Short-term lease rent expense 5,126 6,072 Total rent expense $ 5,126 $ 32,405 June 30, 2021 June 30, 2020 For the Six Months Ended June 30, 2021 June 30, 2020 Operating leases Operating lease cost $ 97,407 $ 53,122 Operating lease expense 97,407 53,122 Short-term lease rent expense 14,289 12,064 Total rent expense $ 111,696 $ 65,186
SCHEDULE OF LEASING ACTIVITIES	SCHEDULE OF LEASING ACTIVITIES For the Six Months Ended June 30, 2021 June 30, 2020 Operating cash flows from operating leases $ - $ 52,246 Weighted-average remaining lease term – operating leases - 1.4 Weighted-average discount rate – operating leases 0.0 % 6.5 %

SCHEDULE OF ACTIVITIES OF DIGIT

SCHEDULE OF ACTIVITIES OF DIGITAL CURRENCIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounting Policies [Abstract]
Digital currencies, Beginning balance			$ 2,271,656
Additions of digital currencies			38,474,672
Realized gain on sale of digital currencies	$ 989	$ 8,482	935	$ 4,260
Impairment of cryptocurrencies	(11,078,660)		(11,740,859)
Sale of digital currencies			(40,000)
Digital currencies, Ending balance	$ 28,966,404		$ 28,966,404

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)

Jun. 30, 2021USD ($)Integer

May 21, 2021USD ($)Integer$ / kW$ / Machine

Mar. 12, 2021shares

Feb. 11, 2021shares

Jan. 12, 2021$ / sharesshares

Jan. 04, 2021USD ($)

Dec. 23, 2020Integer

Dec. 23, 2020USD ($)Integer

Dec. 08, 2020USD ($)Integer

Oct. 23, 2020USD ($)Integer

Oct. 06, 2020USD ($)$ / sharesshares

Aug. 13, 2020USD ($)Integer$ / shares

Jan. 02, 2018shares

Jan. 25, 2021USD ($)Integer

Mar. 14, 2021

Jun. 30, 2021USD ($)Integer

Jun. 30, 2020USD ($)

Dec. 31, 2020USD ($)shares

Property, Plant and Equipment [Line Items]

Payments for purchase of miners

$ 55,935,273

$ 4,195,200

[custom:TotalAmountToPaid]

$ 33,000,000

Miners description

Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.

Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.

Miners assets description

August 2021, 2,100 units to be delivered by September 2021, 6,500 units to be delivered by October 31, 2021, 14,700 units to be delivered by November 30, 2021, 24,500 units to be delivered by December 31, 2021 and 15,200 units to be delivered by January 31, 2022.

Proceeds from public offering

$ 2,300,000

Other current receivables

$ 74,767,226

Acquisition of bitcoins | Integer

4,812.66

Aggregate purchase price of bitcoins

$ 150,000,000

2018 Equity Incentive Plan [Member]

Property, Plant and Equipment [Line Items]

Common stock shares issued during period | shares

4,701,442

625,000

Merrick Okamoto [Member]

Property, Plant and Equipment [Line Items]

Cash bonus

$ 2,000,000

Phase I [Member]

Property, Plant and Equipment [Line Items]

Total amount to be paid for miner

$ 23,000,000

Phase II [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Total amount to be paid for miner

9,000,000

Phase II [Member] | Maximum [Member]

Property, Plant and Equipment [Line Items]

Total amount to be paid for miner

$ 32,000,000

At The Market Offering [Member]

Property, Plant and Equipment [Line Items]

Common stock shares issued during period | shares

6,632,712

Proceeds from public offering

$ 77,100,000

Other current receivables

$ 74,800,000

Restricted Stock [Member]

Property, Plant and Equipment [Line Items]

Number of shares Restricted stock | shares

1,000,000

Restricted Stock [Member] | Merrick Okamoto [Member] | 2018 Equity Incentive Plan [Member]

Property, Plant and Equipment [Line Items]

Number of shares Restricted stock | shares

2,547,392

Restricted Stock [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Number of restricted stock, value

$ 500,000,000

Restricted Stock One [Member]

Property, Plant and Equipment [Line Items]

Number of shares Restricted stock | shares

1,000,000

Restricted Stock One [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Number of restricted stock, value

$ 750,000,000

Restricted Stock Two [Member]

Property, Plant and Equipment [Line Items]

Number of shares Restricted stock | shares

2,000,000

Restricted Stock Two [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Number of restricted stock, value

$ 1,000,000,000

Restricted Stock Three [Member]

Property, Plant and Equipment [Line Items]

Number of shares Restricted stock | shares

2,000,000

Restricted Stock Three [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Number of restricted stock, value

$ 2,000,000,000

Bitmaintech PTE., LTD [Member]

Property, Plant and Equipment [Line Items]

Payments for purchase of miners

91,080,311

Power Purchase Agreement [Member] | Marathon and Beowulf [Member]

Property, Plant and Equipment [Line Items]

Miners description

Marathon and Beowulf entered into an exclusive Power Purchase Agreement for the initial supply of 30 MW (Phase I), and up to 100 MW in the aggregate (Phase II), of energy load to the Facility at a cost of $0.028/kWh. The initial term of the Power Purchase Agreement is five years, with up to five additional three-year extensions, as mutually agreed, assuming 75% energy utilization of the initial 30 MW of energy supplied to the Facility.

Energy load facility cost | $ / shares

$ 0.028

Purchase price of mining

$ 750,000

Data Facility Service Agreement [Member] | Marathon and Beowulf [Member]

Property, Plant and Equipment [Line Items]

Common stock description

Upon completion of Phase I, Marathon will issue to Beowulf an additional 150,000 shares of its common stock. During Phase II, Marathon will issue to Beowulf an additional 350,000 shares of its common stock – 150,000 shares upon reaching 60 MW of Facility load and 200,000 at completion of the full 100 MW of Facility load. The cost to maintain and run the Facility will be $0.006/kWh

Data Facility Service Agreement [Member] | Marathon and Beowulf [Member] | Phase I [Member]

Property, Plant and Equipment [Line Items]

Common stock shares issued during period | shares

150,000

Data Facility Service Agreement [Member] | Marathon and Beowulf [Member] | Phase II [Member]

Property, Plant and Equipment [Line Items]

Common stock shares issued during period | shares

350,000

Data Facility Service Agreement [Member] | Marathon and Beowulf [Member] | 60 MW Facility [Member]

Property, Plant and Equipment [Line Items]

Common stock shares issued during period | shares

150,000

Data Facility Service Agreement [Member] | Marathon and Beowulf [Member] | 100 MW Facility [Member]

Property, Plant and Equipment [Line Items]

Common stock shares issued during period | shares

200,000

Data Facility Service Agreement [Member] | Beowulf and 2P1 [Member]

Property, Plant and Equipment [Line Items]

Energy load facility cost | $ / shares

$ 1.87

Common stock shares issued during period | shares

3,000,000

Aggregate purchase price of common stock

$ 11,220,000

Employment Agreement [Member]

Property, Plant and Equipment [Line Items]

Agreement term

3 years

Securities Purchase Agreement [Member]

Property, Plant and Equipment [Line Items]

Sale of stock, shares | shares

12,500,000

At the Market (ATM) [Member]

Property, Plant and Equipment [Line Items]

Shares issued price per share | $ / shares

$ 20

Purchase Agreement [Member]

Property, Plant and Equipment [Line Items]

Proceeds from public offering

$ 250,000,000

Antminer S-19 Pro ASIC [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

10,500

Purchase price per unit of miners | $ / shares

$ 2,362

Discounted purchase price per unit of miners | $ / shares

$ 2,206

Miners description

The purchase price per unit is $2,362 ($2,206 with a 6.62% discount) for a total purchase price of $24,801,000 (with a 6.62% discount for a discounted price of $23,159,174). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000 TH/s.

Antminer S-19 Pro ASIC [Member] | Bitmaintech PTE., LTD [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

10,000

10,000

10,000

Percentage of discount for the purchase of miners

8.63%

Purchase price of mining

$ 21,581,594

Aggregate purchase price of common stock

$ 23,620,000

Execution of contract percentage

30.00%

Antminer S-19 Pro ASIC [Member] | Bitmaintech PTE., LTD [Member] | January 2021 [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

2,500

Antminer S-19 Pro ASIC [Member] | Bitmaintech PTE., LTD [Member] | February 2021 [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

4,500

Antminer S-19 Pro ASIC [Member] | Bitmaintech PTE., LTD [Member] | March 2021 [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

3,000

Antminer S-19 Pro ASIC [Member] | Long Term Purchase Contract [Member] | Bitmaintech PTE., LTD [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

10,500

Purchase price per unit of miners | $ / shares

$ 2,362

Discounted purchase price per unit of miners | $ / shares

$ 2,206

Percentage of discount for the purchase of miners

6.62%

8.63%

Payments for purchase of miners

$ 24,801,000

Discounted payment for purchase of miners

$ 22,660,673

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

70,000

70,000

10,000

Percentage of discount for the purchase of miners

8.63%

Total amount to be paid for miner

21,718,649

Aggregate purchase price of common stock

$ 167,763,451

$ 23,770,000

Execution of contract percentage

20.00%

10.00%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | December Eight Two Thousand Twenty [Member]

Property, Plant and Equipment [Line Items]

Payments for purchase of miners

17,374,924

Purchase price of mining

21,718,649

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | December 23, 2020 [Member]

Property, Plant and Equipment [Line Items]

Payments for purchase of miners

91,080,311

Purchase price of mining

$ 167,763,452

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | August 2021 [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

6,000

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | January 14, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

30.00%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | February 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

10.00%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | June 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

30.00%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | July 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

20.00%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | July 2021 [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

7,000

7,000

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | March 1, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

30.00%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | June 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

4.75%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | July 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

1.76%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | August 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

4.58%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | September 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

10.19%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | October 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

17.63%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | November 15, 2021 [Member]

Property, Plant and Equipment [Line Items]

Execution of contract percentage

11.55%

Antminer S19J Pro ASIC Miners [Member] | Bitmaintech PTE., LTD [Member] | September 2021 [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

4,000

Marathon Digital Holdings Inc [Member] | Compute North LLC [Member]

Property, Plant and Equipment [Line Items]

Number of miners | Integer

73,000

Hosting cost per machine per month | $ / Machine

0.50

[custom:HostingCostPerKiloWattHour-0] | $ / kW

0.044

Loan receivable

$ 67,000,000

Expedite fees

14,000,000

Payment of expedite fee

$ 8,000,000

MONTANA

Property, Plant and Equipment [Line Items]

Number of miners | Integer

17,300

17,300

SCHEDULE OF ASSETS AND LIABILIT

SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment Fund	$ 166,915,071
Warrant liability	718,329	322,437
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment Fund
Warrant liability
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment Fund	166,915,071
Warrant liability
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment Fund
Warrant liability	$ 718,329	$ 322,437

SCHEDULE OF FAIR VALUE OF WARRA

SCHEDULE OF FAIR VALUE OF WARRANT LIABILITIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounting Policies [Abstract]
Fair value of warrant liabilities beginning balance			$ 322,437
Change in fair value of warrants	$ (1,196,004)	$ 6,563	395,892	$ (3,224)
Fair value of warrant liabilities ending balance	$ 718,329		$ 718,329

SCHEDULE OF ANTIDILUTIVE SECURI

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE (Details) - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	737,995	2,369,883
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	199,038	2,065,479
Warrants to Purchase Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	457,837	164,222
Options to Purchase Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	81,120	140,182

SCHEDULE OF COMPUTATION OF BASI

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounting Policies [Abstract]
Net loss attributable to common shareholders	$ (108,884,620)	$ (2,161,196)	$ (25,527,878)	$ (3,219,127)
Denominator: Weighted average common shares - basic and diluted	99,466,946	16,291,610	96,922,964	12,473,568
Income (loss) per common share - basic and diluted	$ (1.09)	$ (0.13)	$ (0.26)	$ (0.26)

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Jan. 25, 2021USD ($)Integer	Jan. 25, 2021USD ($)Integer	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)Integer	Jun. 30, 2020USD ($)
Entity Listings [Line Items]
Purchae of bitcoins | Integer		4,812.66
Aggregate purchase price		$ 150,000,000
Outstanding warrant liability			$ 718,329		$ 718,329
Digital currencies			29,000,000		29,000,000
Impairment Losses					$ 11,740,859
Number of bitcoin | Integer					971
Fair value of digital currencies			33,800,000		$ 33,800,000
Net income loss			(108,884,620)	$ (2,161,196)	(25,527,878)	$ (3,219,127)
Unrealized Gain (Loss) on Investments					16,900,000
Foreign Tax Authority [Member]
Entity Listings [Line Items]
Operating Loss Carryforwards			45,600,000		45,600,000
State and Local Jurisdiction [Member]
Entity Listings [Line Items]
Operating Loss Carryforwards			$ 27,200,000		$ 27,200,000
NYDIG Digital Assets Fund III LP [Member]
Entity Listings [Line Items]
Purchae of bitcoins | Integer	4,812.66
Aggregate purchase price	$ 150,000,000
Partnership interest rate	100.00%

SCHEDULE OF COMPONENTS OF PROPE

SCHEDULE OF COMPONENTS OF PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Lessor, Lease, Description [Line Items]
Gross property, equipment and intangible assets	$ 91,481,520	$ 24,914,680
Less: Accumulated depreciation and amortization	(10,363,560)	(6,687,957)
Property, equipment and intangible assets, net	$ 81,117,960	18,226,723
Website [Member]
Lessor, Lease, Description [Line Items]
Useful life (Years)	7 years
Gross property, equipment and intangible assets	$ 121,787	121,787
Professional And Contract Services Expense (Benefit)
Lessor, Lease, Description [Line Items]
Useful life (Years)	5 years
Gross property, equipment and intangible assets	$ 75,261,576	12,989,318
Construction in Progress [Member]
Lessor, Lease, Description [Line Items]
Gross property, equipment and intangible assets	$ 14,888,157	10,593,575
Mining Patent [Member]
Lessor, Lease, Description [Line Items]
Useful life (Years)	17 years
Gross property, equipment and intangible assets	$ 1,210,000	$ 1,210,000

DEPOSIT, PROPERTY AND EQUIPME_3

DEPOSIT, PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS (Details Narrative)

Dec. 23, 2020

Dec. 23, 2020

Dec. 08, 2020

Oct. 23, 2020Integer

Aug. 13, 2020Integer$ / shares

May 12, 2020Integer

May 11, 2020USD ($)Integer

Jun. 30, 2021USD ($)Integer

Jun. 30, 2020USD ($)

Jun. 30, 2021USD ($)Integer

Jun. 30, 2020USD ($)

Dec. 31, 2020USD ($)

May 21, 2021USD ($)Integer

Jul. 29, 2020Integer

Jun. 11, 2020Integer

May 18, 2020Integer

Related Party Transaction [Line Items]

Common stock, issued during the period, value

$ 6,421,889

$ 237,429,620

$ 6,807,006

Miners description

Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.

Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.

Number of unit received | Integer

9,399

9,399

Number of transit | Integer

1,101

1,101

Payments to Acquire Mining Assets

$ 55,935,273

4,195,200

[custom:MinersAssetPurchaseDescription]

August

Deposit

$ 121,582,865

121,582,865

$ 65,647,592

Depreciation

2,900,000

499,489

3,640,014

1,010,270

Amortization of patents and website

17,794

$ 17,794

35,589

$ 35,588

Bridge Loan [Member]

Related Party Transaction [Line Items]

Debt fee amount

$ 14,000,000

14,000,000

$ 14,000,000

Bitmaintech PTE., LTD [Member]

Related Party Transaction [Line Items]

Description about payment for miners

On December 23, 2020, the Company executed a contract with Bitmain to purchase an additional 70,000 next generation Antminer S-19 ASIC Miners, with 7,000 units to be delivered by

On December 8, 2020, the Company executed a contract with Bitmain to purchase an additional 10,000 next generation Antminer S-19j Pro ASIC Miners, with 6,000 units to be delivered in August 2021, and the remaining 4,000 units to be delivered in September 2021. The gross purchase price is $23,770,000 with 10% of the purchase price due within 48 hours of execution of the contract, 30% due on January 14, 2021, 10% due on February 15, 2021, 30% due on June 15, 2021 and 20% due on July 15, 2021.

On October 23, 2020, the Company executed a contract with Bitmain to purchase an additional 10,000 next generation Antminer S-19 Pro ASIC Miners. The 2021 delivery schedule will be 2,500 Units in January, 4,500 Units in February and the final 3,000 Units in March 2021.The gross purchase price is $23,620,000 with 30% due upon the execution of the contract and the balance paid over the next 4 months.

Payments to Acquire Mining Assets

$ 91,080,311

Bitmaintech PTE., LTD [Member] | Antminer S-19 Pro ASIC [Member]

Related Party Transaction [Line Items]

Number of unit received | Integer

10,000

10,000

[custom:BalanceIncludingPayments]

$ 21,581,594

Bitmaintech PTE., LTD [Member] | Antminer S19J Pro ASIC Miners [Member]

Related Party Transaction [Line Items]

[custom:BalanceIncludingPayments]

21,718,649

Payments to Acquire Mining Assets

17,374,924

Bitmaintech PTE., LTD [Member] | Certain Institutional Investors [Member]

Related Party Transaction [Line Items]

[custom:BalanceIncludingPayments]

167,763,451

North LLC [Member]

Related Party Transaction [Line Items]

Payments to Acquire Mining Assets

$ 8,000,000

Bitmain S19 Pro Miners [Member]

Related Party Transaction [Line Items]

Miners description

These miners produce 110 TH/s and will generate 73 PH/s (petahash) of hashing power, compared to the Company’s S-9 production of 46 PH/s. The Company made the payments of approximately $4.2 million in the second quarter of 2020 and received 660 of the 1,660 units at its Hosting Facility in August, and its hosting partner, Compute North, had installed them upon their arrival. Of the 1,000 remaining S-19 Pro Miners due to arrive in the 4th quarter, 500 were received in November and installed in the Company’s Hosting Facility in Montana, while 500 are anticipated to be received and installed during the remainder of the 4th quarter. These miners will produce an additional 110 PH/s increasing the Company to an aggregate Hashpower of 294 PH/s.

Antminer S-19 Pro ASIC [Member]

Related Party Transaction [Line Items]

Miners description

The purchase price per unit is $2,362 ($2,206 with a 6.62% discount) for a total purchase price of $24,801,000 (with a 6.62% discount for a discounted price of $23,159,174). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000 TH/s.

Number of miners | Integer

10,500

Purchase price per unit of miners | $ / shares

$ 2,362

Discounted purchase price per unit of miners | $ / shares

$ 2,206

Antminer S-19 Pro ASIC [Member] | Bitmaintech PTE., LTD [Member]

Related Party Transaction [Line Items]

Number of miners | Integer

10,000

10,000

10,000

North LLC [Member] | Bitmaintech PTE., LTD [Member]

Related Party Transaction [Line Items]

Number of miners | Integer

73,000

Miners from MicroBT [Member]

Related Party Transaction [Line Items]

Common stock, issued during the period, value

$ 1,300,000

Miners description

The 700 miners produce 80/Th and will generate 56 PH/s (petahash) of hashing power, compared to the Company’s current S-9 production of 46 PH/s. These next generation MicroBT ASIC miners are markedly more energy efficient than our existing Bitmain models.

Number of miners | Integer

700

700

Bitmain S19 Pro Miners [Member]

Related Party Transaction [Line Items]

Number of miners | Integer

500

500

660

Deposit

$ 113,600,000

$ 113,600,000

North LLC [Member]

Related Party Transaction [Line Items]

Bridge loan

$ 67,000,000

SUMMARY OF OUTSTANDING STOCK WA

SUMMARY OF OUTSTANDING STOCK WARRANTS (Details)	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Equity [Abstract]
Number of Warrants Balance Beginning | shares	287,656
Weighted Average Exercise Price Balance Beginning | $ / shares	$ 12.64
Weighted Average Remaining Contractual Life (in years) Balance Beginning	2 years 8 months 12 days
Number of Warrants Issued | shares	386,719
Weighted Average Exercise Price Issued | $ / shares	$ 25
Weighted Average Remaining Contractual Life (in years) of shares Issued	4 years 6 months
Number of Warrants Expired | shares
Weighted Average Exercise Price Expired | $ / shares
Weighted Average Remaining Contractual Life (in years) of shares Expired
Number of Warrants Exercised | shares	(216,538)
Weighted Average Exercise Price Exercised | $ / shares	$ 7.55
Weighted Average Remaining Contractual Life (in years) of shares Exercised	9 months 18 days
Number of Warrants Balance Ending | shares	457,837
Weighted Average Exercise Price Balance Ending | $ / shares	$ 25.54
Weighted Average Remaining Contractual Life (in years) Balance Ending	3 years 9 months 18 days
Number of Warrants Exercisable | shares	457,837
Weighted Average Exercise Price Exercisable | $ / shares	$ 25.54
Weighted Average Remaining Contractual Life (in years) Exercisable	3 years 9 months 18 days
Aggregate Intrinsic Value, Outstanding, Ending Balance | $	$ 2,717,238
Aggregate Intrinsic Value, Exercisable, Ending Balance | $	$ 2,717,238

SUMMARY OF STOCK OPTIONS (Detai

SUMMARY OF STOCK OPTIONS (Details)	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Equity [Abstract]
Number of Options, Beginning Balance	106,120
Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 44.32
Weighted Average Remaining Contractual Life (in years), Beginning Balance	4 years 3 months 10 days
Number of Options, Exercised	(25,000)
Weighted Average Exercise Price, Exercised | $ / shares	$ 2.04
Number of Options, Ending Balance	81,120
Weighted Average Exercise Price, Ending Balance | $ / shares	$ 57.35
Weighted Average Remaining Contractual Life (in years), Ending Balance	4 years
Number of Options Vested and Expected to Vest	81,120
Weighted Average Exercise Price, Options vested and expected to vest | $ / shares	$ 57.35
Weighted Average Remaining Contractual Life (in years), Options vested and expected to vest	4 years
Number of Options Vested and Exercisable	81,120
Weighted Average Remaining Contractual Life (in years), Options vested and exercisable	4 years
Aggregate Intrinsic Value, Outstanding, Ending Balance | $	$ 48,779
Aggregate Intrinsic Value, Exercisable, Ending Balance | $	$ 48,779

SUMMARY OF RESTRICTED STOCK AWA

SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock, Beginning Balance | shares	566,279
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 0.43
Number of restricted stock, Granted | shares	4,999,999
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 10.44
Number of restricted stock, Vested | shares	(5,367,240)
Weighted Average Grant Date Fair Value, Vested | $ / shares	$ 9.38
Number of restricted stock, Ending Balance | shares	199,038
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 10.44

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	Feb. 11, 2021	Jan. 12, 2021	Jan. 06, 2021	Jan. 04, 2021	Jan. 02, 2018	Aug. 31, 2020	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Proceeds from public offering				$ 2,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period							25,000
Schedule of Significant Accounting Policies [Table]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period							23,500
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Class of Warrant or Right, Outstanding							172,948
Securities Purchase Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of stock		12,500,000
Securities Purchase Agreement [Member] | Certain Purchasers [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of stock		12,500,000
Shares issued price		$ 20
Proceeds from public offering		$ 250,000,000
Letter Agreement [Member] | H C Wainwright And Co L L C [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Fee payment description						The Company agreed to pay to the Placement Agent a cash fee of 5.0% of the aggregate gross proceeds raised in the Offering. The Company also issued to designees of the Placement Agent warrants to purchase up to 3.0% of the aggregate number of shares of Common Stock sold in the transactions, or warrants to purchase up to 375,000 shares of Common Stock (the “Placement Agent Warrants”). The Placement Agent Warrants have an exercise price equal to 125% of the offering price per share (or $25.00 per share). The Company also agreed to pay the Placement Agent $50,000 for accountable expenses, to reimburse an investor’s legal fees in an amount up to $7,500 and to pay $12,900 for the Placement Agent’s clearing fees. Pursuant to the terms of the Engagement Letter, the Placement Agent has the right, for a period of twelve months following the closing of the Offerings, to act (i) as financial advisor in connection with any merger, consolidation or similar business combination by the Company and (ii) as sole book-running manager, sole underwriter or sole placement agent in connection with certain debt and equity financing transactions by the Company.
Warrant to purchase common stock						375,000
Warrant exercise price						$ 25
Accountable expense						$ 50,000
Legal fees						7,500
Agent clearance fees						$ 12,900
2018 Equity Incentive Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares issued during period	4,701,442				625,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares			566,279

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE COST (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost		$ 26,333	$ 97,407	$ 53,122
Operating lease expense		26,333	97,407	53,122
Short-term lease rent expense	5,126	6,072	14,289	12,064
Total rent expense	$ 5,126	$ 32,405	$ 111,696	$ 65,186

SCHEDULE OF LEASING ACTIVITIES

SCHEDULE OF LEASING ACTIVITIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating cash flows from operating leases		$ 52,246
Weighted-average remaining lease term - operating leases	0 years	1 year 4 months 24 days
Weighted-average discount rate - operating leases	0.00%	6.50%

DEBT, COMMITMENTS AND CONTING_3

DEBT, COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Mar. 07, 2021	Jun. 01, 2018
Commitments and Contingencies Disclosure [Abstract]
Monthly rental payment		$ 1,997
Security deposit		$ 3,815
Loss on cancellation of lease	$ 81,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Aug. 02, 2021USD ($)Integer	Aug. 13, 2020Integer	Jun. 30, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Miners description			Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.	Subject to the timely payment of the purchase price, Bitmain is and has been scheduled deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; June 30, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.
Antminer S-19 Pro ASIC [Member]
Subsequent Event [Line Items]
Number of miners		10,500
Miners description		The purchase price per unit is $2,362 ($2,206 with a 6.62% discount) for a total purchase price of $24,801,000 (with a 6.62% discount for a discounted price of $23,159,174). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000 TH/s.
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of miners	30,000
Subsequent Event [Member] | Certain Institutional Investors [Member]
Subsequent Event [Line Items]
Balance including the payments | $	$ 120,711,500
Subsequent Event [Member] | Antminer S-19 Pro ASIC [Member] | Long Term Purchase Contract [Member]
Subsequent Event [Line Items]
Miners description	The purchase price is $120,711,500. The purchase price for the miners shall be paid as follows: 32.76% within 48 hours of signing of contract; 6.45% on or before August 15, 2021; 6.16% on or before September 15, 2021; 6.02% on or before October 15, 2021; 12.66% on or before November 15, 2021; 12.17% on or before December 15, 2021; 6.32% on January 15, 2022; 6.13% on February 15, 2022; 5.79 % on March 15, 2022 and 5.53% on April 15, 2021.