Integrated Ventures (INTV) 10-K 30 Sep 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Document And Entity Information
Entity Registrant Name	INTEGRATED VENTURES, INC.
Entity Central Index Key	0001520118
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Common Stock Shares Outstanding		39,082,293
Entity Public Float			$ 1,462,485

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Current assets:
Cash	$ 48,310	$ 749
Restricted cash		40,321
Prepaid expenses and other current assets	3,250	9,000
Inventories		114,851
Equipment deposits	27,971	3,896
Marketable securities		1,700
Total current assets	79,531	170,517
Non-current assets:
Property and equipment, net	1,039,683	633,105
Digital currencies	2	11,227
Deposits	700	14,673
Total assets	1,119,916	829,522
Current liabilities:
Accounts payable	39,028	26,973
Accrued expenses	24,456	29,428
Due to related party	69,854	20,974
Derivative liabilities	1,617,774	2,886,965
Convertible notes payable, net of discounts	457,147
Total current liabilities	2,208,259	2,964,340
Total liabilities	2,208,259	2,964,340
Commitments and contingencies
Stockholders' deficit:
Common stock, $0.001 par value, (250,000,000 shares authorized, 29,824,187 and 8,964,103 shares issued and outstanding as of June 30, 2019 and 2018, respectively)	29,825	8,965
Additional paid-in capital	19,864,239	9,290,344
Stock subscriptions payable		35,000
Accumulated deficit	(20,983,207)	(11,469,936)
Total stockholders' deficit	(1,088,343)	(2,134,818)
Total liabilities and stockholders' deficit	1,119,916	829,522
Series A Preferred Stock [Member]
Stockholders' deficit:
Total stockholders' deficit	500	500
Preferred stock, value	500	500
Series B Preferred Stock [Member]
Stockholders' deficit:
Total stockholders' deficit	300	309
Preferred stock, value	$ 300	$ 309

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Jun. 30, 2018
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	29,824,187	8,964,103
Common stock, shares outstanding	29,824,187	8,964,103
Series A Preferred Stock [Member]
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	500,000	500,000
Preferred stock, shares outstanding	500,000	500,000
Series B Preferred Stock [Member]
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	300,000	309,166
Preferred stock, shares outstanding	300,000	309,166

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Revenues
Cryptocurrency mining	$ 249,819	$ 198,247
Sales of cryptocurrency mining equipment	29,324	108,160
Total revenues	279,143	306,407
Cost of revenues	1,005,479	237,793
Gross margin (loss)	(726,336)	68,614
Operating expenses:
General and administrative	1,823,523	1,296,155
Impairment of assets	2,097,930	4,907,884
Total operating expenses	3,921,453	6,204,039
Loss from operations	(4,647,789)	(6,135,425)
Other income (expense):
Interest and other income		1,405
Interest expense	(214,373)	(153,706)
Realized gain (loss) on sale of investments	(32,770)	239,567
Loss on settlement of warrants	(500,000)	(25,000)
Loss on exchange of Series B preferred stock	(1,650,000)
Change in fair value of derivative liabilities	(2,468,339)	490,484
Unrealized loss on investments		(2,709)
Gain on extinguishment of debt		7,934
Total other income (expense)	(4,865,482)	557,975
Loss before income taxes	(9,513,271)	(5,577,450)
Provision for income taxes
Net loss	$ (9,513,271)	$ (5,577,450)
Net loss per common share, basic and diluted	$ (0.70)	$ (0.67)
Weighted average number of common shares outstanding, basic and diluted	13,665,421	8,306,580

Statement Of Stockholder's Equi

Statement Of Stockholder's Equity - USD ($)	Total	Common Stock	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscriptions Payable [Member]	Accumulated Deficit [Member]
Balance, shares at Jun. 30, 2017		5,212,563	500,000	150,000
Balance, amount at Jun. 30, 2017	$ (50,016)	$ 5,213	$ 500	$ 150	$ 5,836,607		$ (5,892,486)
Reverse stock split rounding, shares		115
Issuance of preferred stock to officer for compensation, shares				110,000
Issuance of preferred stock to officer for compensation, amount	809,000			$ 110	808,890
Issuance of preferred stock for cash, shares				12,500
Net Income (Loss)	(5,577,450)						$ (5,577,450)
Issuance of preferred stock for cash, amount	125,000			$ 12	124,988
Issuance of preferred stock for acquisition, shares				36,666
Issuance of preferred stock for acquisition, amount	1,163,806			$ 37	1,163,769
Preferred stock subscription payable for cash	35,000					$ 35,000
Issuance of common shares for conversion of debt, shares		2,752,883
Issuance of Series B preferred stock to officer for compensation, shares
Issuance of common shares for conversion of debt, amount	193,162	$ 2,753			190,409
Issuance of common shares for cash, shares		462,900
Issuance of common shares for cash, amount	720,000	$ 464			719,536
Issuance of common shares to officer for accrued compensation, shares		347,222
Issuance of common shares to officer for accrued compensation, amount	15,625	$ 347			15,278
Issuance of common shares in cashless exercise of warrants, shares		188,420
Issuance of common shares in cashless exercise of warrants, amount		$ 188			(188)
Settlement of derivative liabilities	$ 431,055				$ 431,055
Issuance of Series B preferred stock to officer for compensation, amount
Issuance of Series B preferred stock for property and equipment, shares
Issuance of Series B preferred stock for property and equipment, amount
Issuance of Series B preferred stock for stock subscriptions payable, shares
Return and cancellation of Series B preferred stock, shares
Issuance of Series B preferred stock for stock subscriptions payable, amount
Conversion of Series B preferred stock to common stock, shares
Return and cancellation of Series B preferred stock, amount
Conversion of Series B preferred stock to common stock, amount
Common shares issued in Series B preferred stock Exchange Agreement, shares
Common shares issued for cashless exercise of warrants, shares
Common shares issued in Series B preferred stock Exchange Agreement, amount
Common shares issued in conversion of debt, shares
Common shares issued for consulting fees, shares
Common shares issued for debt discount, shares
Common shares issued for cashless exercise of warrants, amount
Common shares issued for debt discount, amount
Common shares issued in conversion of debt, amount
Common shares issued for consulting fees, amount
Balance, shares at Jun. 30, 2018		8,964,103	500,000	309,166
Balance, amount at Jun. 30, 2018	$ (2,134,818)	$ 8,965	$ 500	$ 309	$ 9,290,344	$ 35,000	$ (11,469,936)
Reverse stock split rounding, shares
Issuance of preferred stock to officer for compensation, shares
Issuance of preferred stock to officer for compensation, amount
Issuance of preferred stock for cash, shares
Net Income (Loss)	(9,513,271)						$ (9,513,271)
Issuance of preferred stock for cash, amount
Issuance of preferred stock for acquisition, shares
Issuance of preferred stock for acquisition, amount
Preferred stock subscription payable for cash
Issuance of common shares for conversion of debt, shares
Issuance of Series B preferred stock to officer for compensation, shares				$ 70,000
Issuance of common shares for conversion of debt, amount
Issuance of common shares for cash, shares
Issuance of common shares for cash, amount
Issuance of common shares to officer for accrued compensation, shares
Issuance of common shares to officer for accrued compensation, amount
Issuance of common shares in cashless exercise of warrants, shares
Issuance of common shares in cashless exercise of warrants, amount
Settlement of derivative liabilities	5,564,359				5,564,359
Issuance of Series B preferred stock to officer for compensation, amount	1,312,000			$ 70	1,311,930
Issuance of Series B preferred stock for property and equipment, shares				38,018
Issuance of Series B preferred stock for property and equipment, amount	3,003,422			$ 38	3,003,384
Issuance of Series B preferred stock for stock subscriptions payable, shares				3,500
Return and cancellation of Series B preferred stock, shares				(3,000)
Issuance of Series B preferred stock for stock subscriptions payable, amount				$ 4	34,996	$ (35,000)
Conversion of Series B preferred stock to common stock, shares		9,768,400		(97,684)
Return and cancellation of Series B preferred stock, amount				$ (3)	3
Conversion of Series B preferred stock to common stock, amount		$ 9,768		$ (98)	(9,670)
Common shares issued in Series B preferred stock Exchange Agreement, shares		2,000,000		(20,000)
Common shares issued for cashless exercise of warrants, shares		4,950,000
Common shares issued in Series B preferred stock Exchange Agreement, amount	285,000	$ 2,000		$ (20)	283,020
Common shares issued in conversion of debt, shares		3,771,684
Common shares issued for consulting fees, shares		220,000
Common shares issued for debt discount, shares		$ 150,000
Common shares issued for cashless exercise of warrants, amount	1,891	4,950			(3,059)
Common shares issued for debt discount, amount	53,250	150			53,100
Common shares issued in conversion of debt, amount	257,767	3,772			253,995
Common shares issued for consulting fees, amount	$ 82,057	$ 220			$ 81,837
Balance, shares at Jun. 30, 2019		29,824,187	500,000	300,000
Balance, amount at Jun. 30, 2019	$ (1,088,343)	$ 29,825	$ 500	$ 300	$ 19,864,239		$ (20,983,207)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net loss	$ (9,513,271)	$ (5,577,450)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	552,958	59,875
Stock-based compensation - related party	1,312,000	809,000
Stock-based compensation	82,057
Impairment of assets	2,097,930	4,907,884
Amortization of debt discount	180,172	117,069
Abandonment of leasehold improvements	107,150
Financing fees related to notes payable	10,400	32,859
Realized (gain) loss on sale of investments	32,770	(239,567)
Loss on exchange of Series B preferred stock	1,650,000	25,000
Loss on settlement of warrants	500,000
Change in fair value of derivative liabilities	2,468,339	(490,484)
Unrealized (gain) loss on investments		2,709
Loss on disposition of property and equipment		49,432
(Gain) loss on extinguishment of debt		(7,934)
Changes in assets and liabilities:
Digital currencies	(251,627)	(198,286)
Prepaid expenses and other current assets	5,750	(1,500)
Inventories		(648,853)
Equipment deposits	(27,971)	(3,896)
Accrued interest receivable - related party		(98)
Deposits	13,973	(13,973)
Accounts payable	12,055	17,815
Accrued expenses	10,395	14,607
Due to related party	48,880	(1,711)
Net cash used in operating activities	(708,040)	(1,147,502)
Cash flows from investing activities:
Net proceeds from the sale of investments	231,782	714,847
Purchase of property and equipment	(42,447)	(612,435)
Purchase of investments		(9,651)
Increase in notes receivable - related party		(49,880)
Restricted cash from acquisition		375,000
Net cash provided by investing activities	189,335	417,881
Cash flows from financing activities:
Proceeds from convertible notes payable	500,945
Proceeds from stock subscriptions	25,000	35,000
Proceeds from sale of common stock		720,000
Proceeds from sale of preferred stock		125,000
Repayment of note payable		(125,000)
Net cash provided by financing activities	525,945	755,000
Net increase in cash and restricted cash	7,240	25,379
Cash and restricted cash, beginning of year	41,070	15,691
Cash and restricted cash, end of year	48,310	41,070
Supplemental disclosure of cash flow information:
Cash paid for interest	29,257	7,494
Cash paid for income taxes
Non-cash investing and financing activities:
Equipment deposits for property and equipment	3,896
Inventories for property and equipment	114,851
Series B preferred shares for property and equipment	3,003,422
Series B preferred shares returned and cancelled	3
Debt discount for derivative liability	438,720	72,617
Common shares issued in conversion of debt	257,767	193,161
Common shares issued for debt discount	53,250
Common shares issued in Series B preferred share stock Exchange Agreement	120,000
Common shares issued in cashless exercise of warrants	1,891
Common shares issued in conversion of Series B preferred stock	98
Series B preferred shares issued for stock subscription payable	35,000
Settlement of derivative liabilities	5,564,359	431,055
Accrued interest added to convertible notes payable		1,116
Marketable securities exchanged for convertible note payable		37,074
Marketable securities exchanged for accrued expenses		1,370
Note receivable and accrued interest receivable - related party for marketable securities		66,850
Common shares issued for due to related party		15,625
Common shares issued for cashless exercise of warrants		$ 188

ORGANIZATION

ORGANIZATION	12 Months Ended
	Jun. 30, 2019
ORGANIZATION
NOTE 1 - ORGANIZATION	Organization Integrated Ventures, Inc. (the "Company," "we," "our," or "EMS Find") was incorporated in the State of Nevada on March 22, 2011, under the name of Lightcollar, Inc. On March 20, 2015, the Company amended its articles of incorporation and changed its name from Lightcollar, Inc. to EMS Find, Inc. On May 30, 2017, Integrated Ventures, Inc. (Integrated Ventures), a Nevada corporation, was formed as a wholly owned subsidiary of the Company. Pursuant to an Agreement and Plan of Merger dated May 30, 2017, Integrated Ventures was merged into the Company, with the Company being the surviving corporation and changing its name to Integrated Ventures, Inc. The Company has discontinued its prior operations and changed its business focus from its prior technologies relating to the EMS Find platform to acquiring, launching and operating companies in the cryptocurrency sector, mainly in digital currency mining, equipment manufacturing, and sales of branded mining rigs, as well as blockchain software development. The Company is developing and acquiring a diverse portfolio of digital currency assets and block chain technologies, and now operates cryptocurrency mining operations in two facilities located in Pennsylvania and New Jersey. Cryptocurrency mining revenues commenced in November 2017. Cryptocurrencies are a medium of exchange that uses decentralized control (a block chain) as opposed to a central bank to track and validate transactions. The Company, through its wholly owned subsidiary, BitcoLab, Inc., is currently mining Bitcoin, Litecoin and Ethereum, whereby the Company earns revenue by solving blocks to be added to the block chain. As of June 30, 2019, the Company owned and operated approximately 880 miners of cryptocurrencies. On May 8, 2019, the Company consolidated all of its mining operations by signing a three-year lease and power purchase agreement with PetaWatt Properties, LLC, located in upstate NY and moving all of our cryptocurrency operations to that new location.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reporting period. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company maintains cash balances in non-interest-bearing accounts that currently do not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The Company had no cash equivalents at June 30, 2019 and 2018. Restricted Cash Amounts included in restricted cash represent funds required to be set aside pursuant to the digiMine Acquisition for the payment of defined digital currency mining expenditures. The restriction lapsed when the required expenditures were paid. Digital Currencies Digital currencies consist of Bitcoin, Litecoin and Ethereum, generally received for the Companys own account as compensation for cryptocurrency mining services. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies under current Generally Accepted Accounting Principles (GAAP), the Company has determined to account for these digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Update ("ASU") No. 350, Intangibles Goodwill and Other Inventories Inventories at June 30, 2018 consisted of cryptocurrency mining units held for sale or deployment in mining operations and are stated at the lower of cost or estimated realizable value. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits. Marketable Securities We had no marketable securities as of June 30, 2019. Marketable securities included in current assets in the balance sheet as of June 30, 2018, are classified as trading securities, and reported at fair value based on quoted market prices. Changes in the fair value of the investments during the period are recorded as unrealized gains or losses in other income (expense) in the statements of operations. Realized gains or losses on the sale of marketable securities are included in other income (expense) in the statements of operations. Property and Equipment Property and equipment, consisting primarily of computer and other cryptocurrency mining equipment (transaction verification servers) and leasehold improvements, is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. Additionally, during the year ended June 30, 2019, the Company wrote down cryptocurrency mining equipment by $2,097,930 to estimated net realizable value. The Company also wrote off abandoned leasehold improvements with a net book value of $107,150 to cost of goods sold during the year ended June 30, 2019. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of property and equipment are recorded upon disposal. Management has determined that the three-year diminishing value best reflects the current expected useful life of transaction verification servers. This assessment takes into consideration the availability of historical data and managements expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimates as and when data becomes available. To the extent that any of the assumptions underlying managements estimate of useful life of its transaction verification servers are subject to revision in a future reporting period, either as a result of changes in circumstances or through the availability of greater quantities of data, then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets. Goodwill The excess of the cost over the fair value of net assets acquired in the digiMine acquisition is recorded as goodwill. Goodwill is not subject to amortization, but is reviewed for impairment annually, or more frequently whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. An impairment charge would be recorded to the extent the carrying value of goodwill exceeds its estimated fair value. The testing of goodwill under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. At June 30, 2018, the Company reviewed the goodwill recorded in the digiMine acquisition and determined that an impairment expense of $4,153,510 was required. Derivatives The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Where the number of warrants or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives associated with our convertible notes payable, warrants, put-back rights associated with two asset purchase agreements, common stock issuable pursuant to a Series B preferred stock Exchange Agreement and a stock subscription payable using, as applicable, either the Black-Scholes pricing model or multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. We estimate the fair value of the derivative liabilities at the inception of the financial instruments, and, in the case of our convertible notes payable, at the date of conversions to equity and at each reporting date, recording a derivative liability, debt discount, additional paid-in capital and a gain or loss on change in derivative liabilities as applicable. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management projections. These inputs are subject to significant changes from period to period and to managements judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material. Impairment of Long-Lived Assets All assets, including intangible assets subject to amortization, are reviewed for impairment when changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 350 and ASC 360. If the carrying amount of the asset exceeds the expected undiscounted cash flows of the asset, an impairment charge is recognized equal to the amount by which the carrying amount exceeds fair value or net realizable value. The testing of these intangibles under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. Total impairment expense, consisting of write downs for cryptocurrency mining equipment totaled $2,097,930 for the year ended June 30, 2019. Total impairment expense, consisting of write downs for equipment inventories, cryptocurrency mining equipment and goodwill, totaled $4,907,884 for the year ended June 30, 2018. Fair Value of Financial Instruments Disclosures about fair value of financial instruments require disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of June 30, 2019 and 2018, the amounts reported for cash, restricted cash, prepaid expenses and other current assets, equipment deposits, accounts payable, accrued expenses and due to related party approximate fair value because of their short maturities. Fair value is defined as 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. ASC Topic 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Our marketable securities as of June 30, 2018 were measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 Marketable securities $ 1,700 $ 1,700 - - Total assets measured at fair value $ 1,700 $ 1,700 $ - $ - Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 June 30, 2019: Derivative liabilities $ 1,617,774 $ - $ - $ 1,617,774 Total liabilities measured at fair value $ 1,617,774 $ - $ - $ 1,617,774 June 30, 2018: Derivative liabilities $ 2,886,965 $ - $ - $ 2,886,965 Total liabilities measured at fair value $ 2,886,965 $ - $ - $ 2,886,965 Stock-Based Compensation The Company accounts for all equity-based payments in accordance with ASC Topic 718, Compensation Stock Compensation. The Company accounts for non-employee share-based awards based upon ASC 505-50, Equity-Based Payments to Non-Employees. Revenue Recognition Effective July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. There was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standards stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. Our revenues currently consist of cryptocurrency mining revenues and revenues from the sale of cryptocurrency mining equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue. The Company earns its cryptocurrency mining revenues by providing transaction verification services within the digital currency networks of cryptocurrencies, such as Bitcoin, Litecoin and Ethereum. The Company satisfies its performance obligation at the point in time that the Company is awarded a unit of digital currency through its participation in the applicable network and network participants benefit from the Companys verification service. In consideration for these services, the Company receives digital currencies, which are recorded as revenue using the closing U.S. dollar price of the related cryptocurrency on the date of receipt. Expenses associated with running the cryptocurrency mining operations, such as equipment depreciation, rent, operating supplies, rent, utilities and monitoring services are recorded as cost of revenues. There is currently no specific definitive guidance in GAAP or alternative accounting frameworks for the accounting for the production and mining of digital currencies and management has exercised significant judgment in determining appropriate accounting treatment for the recognition of revenue for mining of digital currencies. Management has examined various factors surrounding the substance of the Companys operations and the guidance in ASC 606, including identifying the transaction price, when performance obligations are satisfied, and collectability is reasonably assured being the completion and addition of a block to a blockchain and the award of a unit of digital currency to the Company. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies which could result in a change in the Companys financial statements. Income Taxes The Company adopted the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. The Company adopted ASC 740-10, Definition of Settlement in FASB Interpretation No. 48, Income (Loss) Per Share Basic net income or loss per share is calculated by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as in-the-money stock options and warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock. Equivalent shares are not utilized when the effect is anti-dilutive. For the years ended June 30, 2019 and 2018, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework Changes to the Disclosure Requirements for Fair Value Measurement. Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its financial position or results of operations. Reclassifications Certain amounts in the financial statements for the year ended June 30, 2018 have been reclassified to conform to the presentation for the year ended June 30, 2019.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jun. 30, 2019
GOING CONCERN
NOTE 3 - GOING CONCERN	The Company has reported recurring net losses since its inception and used net cash in operating activities of $708,040 in the year ended June 30, 2019. As of June 30, 2019, the Company had an accumulated deficit of $20,983,207 and a total stockholders deficit of $1,088,343. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The ability of the Company to reach a successful level of operations is dependent on the execution of management's plans, which include the raising of capital through the debt and/or equity markets, until such time that funds provided by operations are sufficient to fund working capital requirements. If the Company were not to continue as a going concern, it would likely not be able to realize its assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements. There can be no assurances that the Company will be successful in attaining a profitable level of operations or in generating additional cash from the equity/debt markets or other sources fund its operations. The financial statements do not include any adjustments relating to the recoverability of assets and classification of assets and liabilities that might be necessary. Should the Company not be successful in its business plan or in obtaining the necessary financing to fund its operations, the Company would need to curtail certain or all operational activities and/or contemplate the sale of its assets, if necessary.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Jun. 30, 2019
PROPERTY AND EQUIPMENT
NOTE 4 - PROPERTY AND EQUIPMENT	Property and equipment consisted of the following at June 30: 2019 2018 Cryptocurrency mining equipment $ 1,579,580 $ 573,806 Furniture and equipment 16,366 14,427 Leasehold improvements - 102,932 Total 1,595,946 691,165 Less accumulated depreciation and amortization (556,263 ) (58,060 ) Net $ 1,039,683 $ 633,105 Depreciation and amortization expense, included in cost of revenues, for the years ended June 30, 2019 and 2018 was $552,958 and $59,875, respectively.

ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT	12 Months Ended
	Jun. 30, 2019
ASSET PURCHASE AGREEMENT
NOTE 5 - ASSET PURCHASE AGREEMENT	On August 2, 2018, the Company entered into an Asset Purchase Agreement with Secure Hosting LLC, a Florida limited liability, for the purchase of 182 Ethereum mining machines. As consideration for the purchase of the machines, the Company issued 38,018 restricted shares of its Series B convertible preferred stock, valued on an as converted to common basis at an aggregate of $3,003,422, based on the market value of the Companys common stock on the date of the transaction. Of the 182 machines purchased, 152 were placed into operations, and 30 units deemed to be under-performing will be utilized by the Company as repair parts or sold as repair parts. The Company performed a lower of cost or market impairment analysis on the machines purchased, including writing off the purchase price allocated to the defective machines, and recorded an impairment expense of $2,097,930, which amount is included in operating expenses for the year ended June 30, 2019. The Agreement contains customary representations and warranties and covenants as of the Closing Date, including, without limitation, that the Equipment is (i) in good condition, (ii) free of all liens, (iii) not subject to any intellectual property rights other than software used in the Equipment and (iv) covered by certain manufacturer warranties. Because a portion of the machines were defective, certain shares of the Series B preferred stock issued in the transaction were subsequently returned to the Company and cancelled.

DIGIMINE ACQUISITION AND PREFER

DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT	12 Months Ended
	Jun. 30, 2019
DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT
NOTE 6 - DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT	In April 2018, the Company acquired the digital currency mining operations of digiMine LLC (digiMine) through two Asset Purchase Agreements (the digiMine Acquisition) in a transaction recorded as a business combination. On April 16, 2018, the Company entered into an Asset Purchase Agreement with digiMine for the purchase of digiMines digital currency mining assets located in Marlboro, New Jersey, the principal assets consisting of: 150 cryptocurrency mining machines; all right, title and interest in, the lease and leasehold improvements for the premises on which digiMines business operates; all books and records pertaining to ownership of digiMines business as applicable; and restricted cash of $175,000. The Company issued 16,666 shares of its Series B preferred stock to digiMine. The Company also entered into a separate Security and Pledge Agreement, dated as of April 13, 2018, securing its obligations to digiMine under the Asset Purchase Agreement. digiMine has the right (the Put-Back Right), at any time commencing April 1, 2019, to require that the Company redeem for cash any of Sellers then-outstanding Shares at a redemption price equal to 72% of the Shares. The Conversion Amount on execution is equal to $1,200,000 (the Put-Back Price) of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share. On April 30, 2018, the Company entered into a second Asset Purchase Agreement with digiMine for the purchase of digiMines digital currency mining assets located in Marlboro, New Jersey, the principal assets consisting of: 97 cryptocurrency mining machines and computer workstation; digital currency portfolio with an estimated value of $15,487; all right, title and interest in, the lease and leasehold improvements for the premises on which digiMines business operates; all books and records pertaining to ownership of digiMines business as applicable; and restricted cash of $200,000. The Company issued 20,000 shares of its Series B preferred stock to digiMine. The Company also entered into a separate Security and Pledge Agreement, dated as of April 30, 2018, securing its obligations to digiMine under the Agreement. digiMine has the right (the Put-Back Right), at any time commencing May 1, 2019, to require that the Company redeem for cash any of Sellers then-outstanding Shares at a redemption price equal to 72% of the Shares. The Conversion Amount on execution is equal to $1,440,000 (the Put-Back Price) of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share. The Company has identified the Put-Back Rights associated with the two Asset Purchase Agreements as derivatives. The Company engaged an independent valuation firm to estimate the fair value of the Series B preferred stock issued in the two Asset Purchase Agreements, to estimate the value of the derivative liabilities associated with the Put-Back Rights, and allocate the total consideration paid to the assets acquired. The valuation firm developed multinomial lattice models that valued the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. The total consideration paid in the Acquisition is summarized as follows: Value of 36,667 total Series B preferred shares $ 1,163,806 Derivative liabilities associated with Put-Back Rights 3,729,109 Total consideration paid $ 4,892,915 The total consideration paid was allocated to the fair value of the assets acquired as follows: Restricted cash $ 375,000 Property and equipment 350,349 Digital currencies 14,056 Goodwill 4,153,510 Total consideration allocated $ 4,892,915 No liabilities of digiMine were assumed by the Company in the Acquisition. The excess of consideration paid over fair value of assets acquired was recorded as goodwill. The Company performed an impairment analysis on the goodwill at June 30, 2018 and recorded an impairment expense of $4,153,510, which amount is included in operating expenses for the year ended June 30, 2018. The total cash acquired of $375,000 was restricted to fund digital mining operations. As of June 30, 2019, the restricted cash had been fully utilized in digital mining operations. On May 21, 2019, the Company and digiMine entered into an Exchange Agreement (the Preferred Stock Exchange Agreement) pursuant to which DigiMine agreed to surrender the remaining 20,000 shares of the Companys Series B preferred stock held by it and terminate its rights under the Security and Pledge Agreement, dated April 30, 2018, in exchange for 10,000,000 shares (Exchange Shares) of the Companys common stock, which are to be issued in ten tranches of 1,000,000 shares each beginning ten trading days after the date of the Exchange Agreement and each ten trading days thereafter. The Company identified a derivative liability associated with the obligation to issue the common shares recorded initially at $1,650,000 and recorded a loss on the Series B preferred stock exchange of $1,650,000. With the sale of the 16,666 shares of Series B preferred stock by digiMine in April and May of 2019 and with the completion of the Exchange Agreement, the Put-Back Rights in connection with the April 16 and April 30, 2018 Asset Purchase Agreements have been eliminated and the associated derivative liability settled. Through June 30, 2019, the Company issued digiMine a total of 2,000,000 shares valued at $285,000 pursuant to the Preferred Stock Exchange Agreement.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2019
RELATED PARTY TRANSACTIONS
NOTE 7 - RELATED PARTY TRANSACTIONS	We have one executive officer, Steve Rubakh, who is currently our only full-time employee and sole member of our Board of Directors. Mr. Rubakh is paid an annual salary established by the Board of Directors and is issued shares of Series B preferred stock for additional compensation. The number of shares issued, generally on a quarterly basis, is at the discretion of the Board of Directors. On March 6, 2019, the Board of Directors of the Company set the annual compensation for Steve Rubakh, effective April 1, 2019, to include annual salary of $150,000 per year and the issuance on a quarterly basis of 50,000 shares of Series B preferred stock. During the years ended June 30, 2019 and 2018, the Company recorded salary expense to Mr. Rubakh of $150,000 and $131,250, respectively. For the years ended June 30, 2019 and 2018, the Board of Directors authorized the issuance to Mr. Rubakh of 70,000 and 110,000 shares of Series B preferred stock, respectively, as part of Mr. Rubakh's compensation package. Stock-based compensation of $1,312,000 and $809,000 was recorded for the years ended June 30, 2019 and 2018, respectively, based on the market price of the Companys common stock on an as converted basis. In April 2019, Mr. Rubakh converted 30,000 shares of Series B preferred stock into 3,000,000 shares of common stock of the Company, recorded at the par value of the common stock issued. On August 31, 2017, Mr. Rubakh converted accrued compensation of $15,625 into 347,222 common shares of the Company. Amounts due to related party, including accrued salary to Mr. Rubakh, totaled $69,854 and $20,428 as of June 30, 2019 and 2018, respectively.

DEBT

DEBT	12 Months Ended
	Jun. 30, 2019
DEBT
NOTE 8 - DEBT	Accrued Judgement On May 4, 2018, the Company and LG Capital Funding, LLC (LG) entered into a Forbearance Agreement related to an October 14, 2016 judgment requiring the Company to pay $125,000 principal and $34,835 interest from an October 22, 2015 convertible promissory note payable to LG. According to terms of the Forbearance Agreement, the Company extinguished the debt in full by paying LG Capital $135,427 in April 2018 and $29,257 on July 11, 2018. Convertible Notes Payable Convertible notes payable, all classified as current, consist of the following at June 30, 2019: Debt Principal Discount Net Geneva Roth Remark Holdings, Inc. #2 $ 43,000 $ 11,582 $ 31,418 Geneva Roth Remark Holdings, Inc. #3 78,000 24,253 53,747 Geneva Roth Remark Holdings, Inc. #4 63,000 21,605 41,395 BHP Capital NY, Inc. #2 38,500 16,748 21,752 Armada Investment Fund, LLC #2 38,500 16,747 21,753 Jefferson Street Capital LLC 38,500 16,747 21,753 St. George Investments LLC 500,000 234,671 265,329 Total $ 799,500 $ 342,353 $ 457,147 On February 6, 2019, the Company entered into a second convertible promissory note with Geneva Roth Remark Holdings, Inc. (Geneva in the principal amount of $43,000. The note matures on February 6, 2020 and bears interest at 10%. A debt discount of $19,128 was recorded, including a derivative liability of $16,128. Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, $7,546 of the debt discount had been amortized and there was accrued interest payable of $1,696. The Company recorded a derivative liability of $18,971 as of June 30, 2019. On March 21, 2019, the Company entered into a third convertible promissory note with Geneva in the principal amount of $78,000. The note matures on March 21, 2020 and bears interest at 10%. A debt discount of $33,496 was recorded, including a derivative liability of $30,496. Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, $9,243 of the debt discount had been amortized and there was accrued interest payable of $2,158. The Company recorded a derivative liability of $34,233 as of June 30, 2019. On April 18, 2019, the Company entered into a fourth convertible promissory note with Geneva in the principal amount of $63,000. The note matures on April 18, 2020 and bears interest at 10%. A debt discount of $26,988 was recorded, including a derivative liability of $23,988. Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, $5,383 of the debt discount had been amortized and there was accrued interest payable of $1,260. The Company recorded a derivative liability of $27,523 as of June 30, 2019. On May 15, 2019, the Company entered into a second convertible promissory note with Armada Investment Fund, LLC (Armada) in the principal amount of $38,500, with an original issue discount of $2,500. The note matures on February 15, 2020 and bears interest at 8%. A debt discount of $20,098 was recorded, including a derivative liability of $15,598. Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, $3,350 of the debt discount had been amortized and there was accrued interest payable of $388. The Company recorded a derivative liability of $16,578 as of June 30, 2019. On May 15, 2019, the Company entered into a second convertible promissory note with BHP Capital NY, Inc. (BHP) in the principal amount of $38,500, with an original issue discount of $2,500. The note matures on February 15, 2020 and bears interest at 8%. A debt discount of $20,097 was recorded, including a derivative liability of $15,597. BHP has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, $3,350 of the debt discount had been amortized and there was accrued interest payable of $388. The Company recorded a derivative liability of $16,578 as of June 30, 2019. On May 15, 2019, the Company entered into a convertible promissory note with Jefferson Street Capital LLC (Jefferson) in the principal amount of $38,500, with an original issue discount of $2,500. The note matures on February 15, 2020 and bears interest at 8%. A debt discount of $20,097 was recorded, including a derivative liability of $15,597. Jefferson has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, $3,350 of the debt discount had been amortized and there was accrued interest payable of $388. The Company recorded a derivative liability of $16,578 as of June 30, 2019. On June 26, 2019, the Company entered into an Exchange Agreement with St. George Investments LLC (St. George) pursuant to which a convertible promissory note payable to St. George in the principal amount of $500,000 was issued in consideration for the surrender by St. George of all outstanding warrants, which amount was recorded as a loss on settlement of warrants. The warrants were issued by the Company on January 19, 2018. The note matures on December 29, 2019 and bears interest at 5%. A debt discount and derivative liability of $239,773 was recorded at the inception of the note. St. George has the right beginning on the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 80% of the average of the three lowest closing prices of the Companys common stock during the twenty trading days preceding the date of conversion. As of June 30, 2019, $5,102 of the debt discount had been amortized and there was accrued interest payable of $438. The Company recorded a derivative liability of $251,590 as of June 30, 2019. On September 17, 2018, the Company entered into a convertible promissory note with Geneva in the principal amount of $128,000. The note matures on September 26, 2019 and bears interest at 10%. A debt discount of $49,169 was recorded, including a derivative liability of $46,169. Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, Geneva had converted in full principal of $128,000 and accrued interest of $6,400 into shares of common stock of the Company. As of June 30, 2019, the entire debt discount of $49,169 had been amortized. On September 26, 2018, the Company entered into a convertible promissory note with BHP in the principal amount of $52,000, with an original issue discount of $2,000. The note matures on September 17, 2019 and bears interest at 8%. BHP was issued 75,000 shares of the Companys common stock valued at $26,625 as a fee. A debt discount of $46,840 was recorded, including a derivative liability of $17,687. BHP has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, BHP had converted in full principal of $57,200, including a penalty added to principal of $5,200, and accrued interest of $4,512 into shares of common stock of the Company. As of June 30, 2019, the entire debt discount of $46,840 had been amortized. On September 26, 2018, the Company entered into a convertible promissory note with Armada in the principal amount of $52,000, with an original issue discount of $2,000. The note matures on September 17, 2019 and bears interest at 8%. Armada was issued 75,000 shares of the Companys common stock valued at $26,625 as a fee. A debt discount of $46,840 was recorded, including a derivative liability of $17,687. Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the three lowest trading prices of the Companys common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of June 30, 2019, BHP had converted in full principal of $57,200, including a penalty added to principal of $5,200, and accrued interest of $4,512 into shares of common stock of the Company. As of June 30, 2019, the entire debt discount of $46,840 had been amortized. On July 25, 2016, the Company entered into a convertible promissory note with River North Equity, LLC (River North) for $33,333. The convertible promissory note had a maturity date of March 29, 2017 and bore interest at 10%. The convertible promissory note provided for an OID of $3,333, a deduction of $4,000 for River Norths legal fees, and the Company recorded a debt discount of $30,051. The conversion price was the lower of 65% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. In July 2017, River North converted the remaining principal of $4,660 into common shares of the Company and the accrued interest payable balance of $1,236 was written off, extinguishing the debt in full. On October 6, 2016, the Company entered into a convertible promissory note with EMA Financial, LLC (EMA) for $33,000. The note had a maturity date of October 6, 2017 and bore interest at 12%. The Company recorded a debt discount of $33,000 and a derivative liability of $45,358. The conversion price was the lower of 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date or the closing bid price on the original issue date. In July 2017, EMA converted the remaining principal of $8,916, accrued interest payable of $2,715 and penalties totaling $29,908 into common shares of the Company, extinguishing the debt in full. On December 2, 2016, the Company entered into a convertible promissory note with Global Opportunity Group, LLC (Global) for $18,700. The note had a maturity date of December 2, 2017 and bore interest at 12%. The convertible promissory note provided for an OID of $1,700; therefore, the net proceeds to the Company was $17,000. The Company recorded a debt discount and a derivative liability of $17,376. The conversion price was the lower of 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date or the closing bid price on the original issue date. In July and August 2017, Global converted the entire principal of $18,700 and fees totaling $1,250 into common shares of the Company and the accrued interest payable balance of $1,541 was written off, extinguishing the debt in full. On December 13, 2016, the Company entered into a convertible promissory note with GPL Ventures LLC (GPL) for $10,000. The note had a maturity date of July 13, 2017 and bore interest at 12%. The Company recorded a debt discount and derivative liability of $8,932. The conversion price was the lower of 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date or the closing bid price on the original issue date. In July 2017, GPL converted the entire principal of $10,000 into common shares of the Company and the accrued interest payable balance of $687 was written off, extinguishing the debt in full. On February 13, 2017, the Company entered into a convertible promissory note with Global for $10,000. The note had a maturity date of February 13, 2018 and bore interest at 2%. The convertible promissory note provided for an OID of $1,000. Therefore, the net proceeds to the Company was $9,000. The Company recorded a debt discount and derivative liability of $8,487. The conversion price was 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. On September 15, 2017, Global sold the $10,000 note and $1,117 accrued interest payable to A1 Solar Corp (A1 Solar). In October 2017 and January 2018, A1 Solar converted the entire principal of $11,117 and accrued interest of $77 into common shares of the Company, extinguishing the debt in full. On March 28, 2017, the Company entered into a convertible promissory note with Howard Schraub (Schraub) for $16,500. The note had a maturity date of March 28, 2018 and bore interest at 10%. The Company recorded a debt discount of $16,500 and a derivative liability of $19,999. The conversion price was 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. Additionally, the Company issued 12,100 seven-year warrants for common stock with an exercise price of $0.50 per share, subject to certain adjustments, and a cashless exercise option. These warrants were surrendered to the Company and cancelled on May 8, 2017. On July 31, 2017, Schraub assigned the $16,500 note to Global. In January 2018, Global converted the entire principal of $16,500 and accrued interest of $1,279 into common shares of the Company, extinguishing the debt in full. On April 4, 2017, the Company entered into a convertible promissory note with Schraub for $20,000. The note had a maturity date of April 4, 2018 and bore interest at 10%. A debt discount of $20,000 and a derivative liability of $23,381 were recorded. The conversion price was 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. Additionally, the Company issued 15,000 seven-year warrants for common stock with an exercise price of $0.50 per share, subject to certain adjustments, and a cashless exercise option. These warrants were surrendered to the Company and cancelled on May 8, 2017. On July 31, 2017, Schraub assigned the $20,000 note to Global. In October 2017 and December 2017, Global converted principal of $7,925 into common shares of the Company and on December 31, 2017 the Company issued marketable securities to Global in exchange for the remaining principal of $12,075 and accrued interest of $1,366, extinguishing the debt in full. On December 30, 2017, the Company and Global entered into an Exchange Agreement pursuant to which warrants held by Global to purchase a total of 11,115 shares of the Companys common stock were cancelled in exchange for a convertible promissory note payable to Global in the principal amount of $25,000. The note had a maturity date of December 30, 2018 and bore interest at an annual rate of 5%, compounded monthly. A debt discount of $25,000 and a derivative liability of $324,629 was recorded. Pursuant to a Purchase and Escrow Agreement dated December 31, 2017 between the Company and Global, the $25,000 principal and accrued interest payable of $3 were extinguished. On July 6, 2017, Schraub converted fees of $600 into 12,370 common shares of the Company.

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	12 Months Ended
	Jun. 30, 2019
STOCKHOLDERS DEFICIT
NOTE 9 - STOCKHOLDERS? DEFICIT	Preferred Stock Series A Preferred Stock On January 25, 2019, the Board of Directors of the Company approved a resolution to increase the number of authorized preferred shares to 20,000,000 shares. In March 2015, the Company filed with the State of Nevada a Certificate of Designation establishing the designations, preferences, limitations and relative rights of 1,000,000 shares of the Company's Series A preferred stock. Holders of the Series A preferred stock have the right to vote in aggregate, on all shareholder matters equal to 1,000 votes per share of Series A preferred stock. The shares of Series A preferred stock are not convertible into shares of common stock. The Company has 1,000,000 shares of Series A preferred stock authorized, with 500,000 shares issued and outstanding as of June 30, 2019 and 2018, which were issued in March 2015 to members of the Companys Board of Directors in consideration for services. Series B Preferred Stock On December 21, 2015, the Company filed a Certificate of Designation for a new Series B convertible preferred stock with the State of Nevada following approval by the board of directors of the Company. Five Hundred Thousand (500,000) shares of the Company's authorized preferred stock are designated as the Series B convertible preferred stock, par value of $0.001 per share and with a stated value of $0.001 per share (the "Stated Value"). Holders of Series B preferred stock shall be entitled to receive dividends, when and as declared by the Board of Directors out of funds legally available therefor. At any time and from time to time after the issuance of shares of the Series B preferred stock, each issued share of Series B preferred stock is convertible into 100 shares of the Companys common stock. The holders of the Series B preferred stock shall have the right to vote together with holders of common stock, on an as "converted basis", on any matter that the Company's shareholders may be entitled to vote on, either by written consent or by proxy. Upon any liquidation, dissolution or winding-up of the Company, the holders of the Series B preferred stock shall be entitled to receive out of the assets of the Company, whether such assets are capital or surplus, for each share of Series B preferred stock an amount equal to the Stated Value, and all other amounts in respect thereof then due and payable prior to any distribution or payment shall be made to the holders of any junior securities. The Company has 500,000 shares of Series B preferred stock authorized, with 30,000 and 309,166 shares issued and outstanding as of June 30, 2019 and 2018, respectively. During the years ended June 30, 2019 and 2018, the Board of Directors authorized the issuance to Steve Rubakh of a total of 70,000 and 110,000 shares of Series B preferred stock, respectively, as part of his compensation package. Stock-based compensation related party of $1,312,000 and $809,000 was recorded for the years ended June 30, 2019 and 2018, respectively, based on the market price of the Companys common stock on an as converted to common basis. On October 25, 2017, four investors entered into subscription agreements for the purchase of a total of 16,000 shares of Series B preferred stock for cash at $10 per share. Of the shares, 12,500 shares were issued for cash of $125,000 and a stock subscription payable of $35,000 was recorded for the other 3,500 shares. On January 9, 2019, the 3,500 shares of Series B preferred stock were issued for stock subscriptions payable of $35,000. As more fully discussed in Note 6, in April 2018, the Company entered into two Asset Purchase Agreements with digiMine for the purchase of digiMines digital currency mining operations. The Company issued a total of 36,666 shares of Series B Preferred stock valued at $1,163,806 by an independent valuation firm. As discussed in Note 5, on August 2, 2018, the Company entered into an Asset Purchase Agreement for the purchase of 182 cryptocurrency mining machines. As consideration for the purchase of the machines, the Company issued 38,018 shares of its Series B convertible preferred stock, valued on an as converted to common basis at an aggregate of $3,003,422. In December 2018, a total of 1,800 shares of Series B preferred stock originally issued pursuant to the Asset Purchase Agreement were returned to the Company and cancelled. In February 2019, an additional 1,200 shares of Series B preferred stock originally issued pursuant to the Asset Purchase Agreement were returned to the Company and cancelled. During the year ended June 30, 2019, a total of 97,684 shares of Series B preferred stock were converted into 9,768,400 shares of common stock, including 30,000 shares converted by Mr. Rubakh into 3,000,000 shares of common stock of the Company. The Company recorded the conversions at $9,768, the par value of the common stock issued. During the year ended June 30, 2019, a total of 3,000 shares of Series B preferred stock, valued at par value of $3, were returned to the Company and cancelled. As discussed in Note 6, on May 21, 2019, the Company and digiMine entered into a Preferred Stock Exchange Agreement pursuant to which digiMine agreed to surrender 20,000 shares of the Companys Series B preferred stock held by it and terminate its rights under the Security and Pledge Agreement, dated April 30, 2018, in exchange for 10,000,000 shares the Companys common stock, which are to be issued in ten tranches of 1,000,000 shares each. The unissued common shares were valued at $1,650,000 and the Company recorded a derivative liability and corresponding loss on exchange of Series B preferred stock for this amount. As a result of the Preferred Stock Exchange Agreement and prior conversions by digiMine of Series B preferred stock into common stock, derivative liabilities of $2,571,265 were settled. Through June 30, 2019, a total of 2,000,000 common shares valued at a total of $285,000, were issued by the Company to digiMine. Common Stock On January 25, 2019, the Board of Directors of the Company approved a resolution to increase the number of authorized common shares to 250,000,000. The Company had 29,824,187 and 8,964,103 shares issued and outstanding as of June 30, 2019 and 2018, respectively. During the year ended June 30, 2019, the Company issued a total of 20,860,084 shares of its common stock. In May 2019, the Company issued 2,000,000 shares of common stock valued at $285,000 pursuant to a Preferred Stock Exchange Agreement (Note 6). A total of 220,000 shares of common stock, valued at $82,057, based on the closing market price of stock on the date of grant, were issued to consultants in August and October 2018 and May 2019. On September 26, 2018, a total of 150,000 shares of common stock valued at $53,250, based on the closing market price of stock on the date of grant, were issued to two lenders as loan fees. See Note 8. A total of 4,950,000 shares of common stock were issued to a lender in the cashless exercise of warrants from August 2018 through May 2019 recorded at par value of $4,950, resulting in the extinguishment of derivative liabilities of $772,751. No gain or loss was recorded as the conversions were completed within the terms of the warrants. As further discussed in Note 8, the lender converted unexercised warrants into a convertible note payable in the principal amount of $500,000, which amount was recorded as a loss on settlement of warrants, resulting in further extinguishment of derivative liabilities totaling $2,123,969. During March 2019 through May 2019, a total of 9,768,400 shares of common stock were issued in the conversion of 97,684 shares of Series B preferred stock. No gain or loss was recorded as the conversions were completed within the terms of the Series B preferred stock. During March 2019 through June 2019, a total of 3,771,684 shares of common stock were issued in the conversion of notes payable principal of $242,400 and accrued interest of $15,367, resulting in the extinguishment of derivative liabilities totaling $95,755. No gain or loss was recorded as the conversions were completed within the terms of the debt agreements. During the year ended June 30, 2018, the Company issued a total of 3,751,540 shares of its common stock. On July 6, 2017, 188,240 shares of common stock were issued to a lender in the cashless exercise of warrants recorded at par value of $188. No gain or loss was recorded as the conversions were completed within the terms of the warrants. On August 31, 2017, 347,222 shares of common stock valued at $15,625 were issued to Steve Rubakh for accrued compensation. See Note 7. On January 19, 2018, the Company and St. George Investments LLC (St. George) entered into a Securities Purchase Agreement, pursuant to which St. George purchased 462,900 restricted common shares of the Company for $750,000. The Company received net proceeds of $720,000. The Company also issued to St. George a three-year warrant for the purchase of 347,175 shares of the Companys common stock at an exercise price of $2.16 per share. The warrant was valued using the Black-Sholes option pricing model at $1.75 per share, or $607,556. The net proceeds received of $720,000 were allocated $411,429 to the shares purchased and $308,571 to the warrants issued based on estimated relative fair values. No derivative liability was recorded for the warrant as the Companys equity environment was not considered tainted on the warrant issuance date. During the year ended June 30, 2018, a total of 2,752,883 shares of the Companys common stock valued at $193,162 were issued in conversion of $77,818 note principal, $4,073 accrued interest payable, $2,950 in fees and $29,909 in penalties. resulting in the extinguishment of derivative liabilities totaling $78,412. No gain or loss was recorded as the conversions were completed within the terms of the note agreements. In September 2017, common shares outstanding were increased by 115 shares due to reverse split rounding.

WARRANTS

WARRANTS	12 Months Ended
	Jun. 30, 2019
WARRANTS
NOTE 10 - WARRANTS	The Company has granted warrants to non-employee lenders in connection with the issuance of certain convertible promissory notes and to an investor in connection with the purchase of common shares of the Company. The Company has also granted warrants to officers and directors. Certain of the warrants have been subsequently surrendered to the Company and cancelled. Warrant activity for the years ended June 30, 2019 and 2018 is as follows: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at June 30, 2017 12,817 $ 4.33 5.25 $ - Granted 347,175 $ 2.16 Exercised (502 ) $ 7.50 Cancelled or expired (11,115 ) $ 3.30 Outstanding at June 30, 2018 348,375 $ 2.20 2.55 $ - Granted - $ - Exercised (99,713 ) $ 2.16 Cancelled or expired (248,662 ) $ 2.21 Outstanding and exercisable at June 30, 2019 - $ - Because the number of common shares to be issued under certain convertible notes payable and other agreements is indeterminate, the Company concluded that the equity environment was tainted as of June 30, 2019. Therefore, all warrants issued prior to that date were included in the Companys calculations of derivative liabilities. With the cashless exercise of warrants and an exchange of warrants for a convertible promissory note (see Note 8) derivative liabilities totaling $772,751 and $2,123,969, respectively, were extinguished.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2019
COMMITMENTS AND CONTINGENCIES
NOTE 11 - COMMITMENTS AND CONTINGENCIES	Legal Matters From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of the date of filing of this report, there were no pending or threatened lawsuits, except as stated below. On May 4, 2018, the Company and LG Capital Funding, LLC ("LG") entered into a Forbearance Agreement related to a September 29, 2016 judgment for amounts due on a $125,000 promissory note payable to LG. According to terms of the Forbearance Agreement, the Company extinguished the debt in full by paying LG Capital $135,427 in April 2017 and $29,257 on July 11, 2018. Operating Leases During the year ended June 30, 2018, the Company consolidated its cryptocurrency mining operations in two locations, Huntingdon Valley, Pennsylvania and Marlboro, New Jersey, where facilities are leased under operating leases. As part of the consolidations, operating leases at two other locations were terminated. Subsequently, during the year ended June 30, 2019, the Company terminated these two operating leases when it further consolidated operations pursuant to a hosting arrangement in Carthage, New York. The Carthage lease and power purchase agreement was entered into on May 10, 2019 for an initial term of 90 days, with an option to continue the lease for a subsequent 36 months. The Companys sole obligation under the lease is to pay the lessor $0.41 on every kilowatt hour of electricity consumed in the Companys cryptocurrency mining operations. Through June 30, 2019, the Company paid the lessor a total of $27,000. The Company retained its operating lease for its Pennsylvania administrative location, which is on a month-to-month basis at $750 per month. Total rent expense under operating leases was $81,930 and $49,295 for the years ended June 30, 2019 and 2018, respectively. As of June 30, 2019, the Company had no obligation for future lease payments under non-cancelable operating leases.

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	12 Months Ended
	Jun. 30, 2019
DERIVATIVE LIABILITIES
NOTE 12 - DERIVATIVE LIABILITIES	The Company as issued convertible notes payable, warrants and Series B preferred stock with put back rights and has entered into exchange and subscription agreements that contain certain provisions that have been identified as derivatives. As of June 30, 2019, the Company has determined that the number of common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options convertible debt and obligations to issue common shares are included in the value of derivative liabilities. The Company estimates the fair value of the derivative liabilities at the issuance date and at each subsequent reporting date, using a multinomial lattice model simulation. The model is based on a probability weighted discounted cash flow model using projections of the various potential outcomes. During the years ended April 30, 2019 and 2018, we had the following activity in our derivative liabilities: During the years ended June 30, 2019 and 2018, the Company had the following activity in its derivative liabilities: Convertible Notes Payable Warrants Put Back Rights Exchange Agreement Common Stock Subscription Total Derivative liabilities at June 30, 2017 $ 84,545 $ 646 $ - $ - $ - 85,191 Addition to liabilities for new debt issued 72,617 - - - - 72,617 Addition to liabilities for put rights issued - - 3,729,109 - - 3,729,109 Decrease due to conversion/assignment of debt (480,969 ) - - - - (480,969 ) Decrease due to exercise/surrender of warrants - (28,499 ) - - - (28,499 ) Change in fair value 323,807 27,853 (842,144 ) - - (490,484 ) Derivative liabilities at June 30, 2018 - - 2,886,965 - - 2,886,965 Addition to liabilities for new debt/subscription 438,720 - - - 25,000 463,720 Addition to liabilities for Exchange Agreement - - - 1,485,000 - 1,485,000 Decrease due to conversions/assignments (95,758 ) (2,124,588 ) (2,571,265 ) (120,000 ) - (4,911,611 ) Decrease due to exercise/surrender of warrants - (774,642 ) - - - (774,642 ) Change in fair value 39,087 2,899,230 (315,700 ) (137,800 ) (16,478 ) 2,468,339 Derivative liabilities at June 30, 2019 $ 382,049 $ - $ - $ 1,227,200 $ (8,522 ) $ 1,617,771 Key inputs and assumptions used in valuing the Company’s derivative liabilities as of June 30, 2019 are as follows: · Stock prices on all measurement dates were based on the fair market value · Risk-free interest rate of 1.99% to 2.49%% · The probability of future financing was estimated at 100% · Computed volatility ranging from 233% to 303% These inputs are subject to significant changes from period to period and to management's judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2019
INCOME TAXES
NOTE 13 - INCOME TAXES	For the years ended June 30, 2019 and 2018, there was no provision for income taxes and deferred tax assets have been entirely offset by valuation allowances. As of June 30, 2019, the Company has net operating loss carry forwards of approximately $2,034,586 that expire through the year 2037. The Company’s net operating loss carry forwards may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code. The Company’s income tax expense (benefit) differs from the “expected” tax expense (benefit) for Federal income tax purposes (computed by applying the United States Federal tax rate of 21% to income (loss) before income taxes), as follows: Years Ended June 30, 2019 2018 Tax benefit at the statutory rate $ (1,997,787 ) $ (1,171,265 ) State income taxes, net of federal income tax benefit 417,669 66,710 Non-deductible items 1,726,651 1,248,992 Non-taxable items 6,882 (104,668 ) Change in valuation allowance (153,415 ) (39,769 ) Total $ - $ - The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets and liabilities. The tax years 2014 through 2019 remain open to examination by federal agencies and other jurisdictions in which it operates. The tax effect of significant components of the Company’s deferred tax asset at June 30, 2019 and 2018, respectively, are as follows: June 30, 2018 2017 Net operating loss carryforward $ 427,263 $ 273,848 Less valuation allowance (427,263 ) (273,848 ) Net $ - $ - In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Because of the historical earnings history of the Company, the net deferred tax assets as of June 30, 2019 and 2018 were fully offset by a 100% valuation allowance.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2019
SUBSEQUENT EVENTS
NOTE 14 - SUBSEQUENT EVENTS	Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following: Subsequent to June 30, 2019, the Company issued a total of 9,258,106 shares of its common stock: · 5,000,000 shares were issued pursuant to a Series B Exchange Agreement. · 4,258,106 shares were issued in conversion of $243,000 convertible note principal and $2,150 accrued interest. On July 3, 2019, the Company entered into a third convertible promissory note with Armada in the principal amount of $137,500, with an original issue discount of $12,500. The note matures on July 3, 2020 and bears interest at 8%. Armada has the right at any time after the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the five lowest trading prices of the Companys common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion. On July 3, 2019, the Company entered into a third convertible promissory note with BHP in the principal amount of $137,500, with an original issue discount of $12,500. The note matures on July 3, 2020 and bears interest at 8%. Armada has the right at any time after the date of the note to convert principal and accrued interest into shares of the Companys common stock. The conversion price is 70% of the average of the five lowest trading prices of the Companys common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reporting period. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates.
Cash and Cash Equivalents	The Company maintains cash balances in non-interest-bearing accounts that currently do not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. The Company had no cash equivalents at June 30, 2019 and 2018.
Restricted Cash	Amounts included in restricted cash represent funds required to be set aside pursuant to the digiMine Acquisition for the payment of defined digital currency mining expenditures. The restriction lapsed when the required expenditures were paid.
Digital Currencies	Digital currencies consist of Bitcoin, Litecoin and Ethereum, generally received for the Companys own account as compensation for cryptocurrency mining services. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies under current Generally Accepted Accounting Principles (GAAP), the Company has determined to account for these digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Update ("ASU") No. 350, Intangibles Goodwill and Other
Inventories	Inventories at June 30, 2018 consisted of cryptocurrency mining units held for sale or deployment in mining operations and are stated at the lower of cost or estimated realizable value. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits.
Marketable Securities	We had no marketable securities as of June 30, 2019. Marketable securities included in current assets in the balance sheet as of June 30, 2018, are classified as trading securities, and reported at fair value based on quoted market prices. Changes in the fair value of the investments during the period are recorded as unrealized gains or losses in other income (expense) in the statements of operations. Realized gains or losses on the sale of marketable securities are included in other income (expense) in the statements of operations.
Property and Equipment	Property and equipment, consisting primarily of computer and other cryptocurrency mining equipment (transaction verification servers) and leasehold improvements, is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. Additionally, during the year ended June 30, 2019, the Company wrote down cryptocurrency mining equipment by $2,097,930 to estimated net realizable value. The Company also wrote off abandoned leasehold improvements with a net book value of $107,150 to cost of goods sold during the year ended June 30, 2019. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of property and equipment are recorded upon disposal. Management has determined that the three-year diminishing value best reflects the current expected useful life of transaction verification servers. This assessment takes into consideration the availability of historical data and managements expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimates as and when data becomes available. To the extent that any of the assumptions underlying managements estimate of useful life of its transaction verification servers are subject to revision in a future reporting period, either as a result of changes in circumstances or through the availability of greater quantities of data, then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets.
Goodwill	The excess of the cost over the fair value of net assets acquired in the digiMine acquisition is recorded as goodwill. Goodwill is not subject to amortization, but is reviewed for impairment annually, or more frequently whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. An impairment charge would be recorded to the extent the carrying value of goodwill exceeds its estimated fair value. The testing of goodwill under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. At June 30, 2018, the Company reviewed the goodwill recorded in the digiMine acquisition and determined that an impairment expense of $4,153,510 was required.
Derivatives	The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Where the number of warrants or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives associated with our convertible notes payable, warrants, put-back rights associated with two asset purchase agreements, common stock issuable pursuant to a Series B preferred stock Exchange Agreement and a stock subscription payable using, as applicable, either the Black-Scholes pricing model or multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. We estimate the fair value of the derivative liabilities at the inception of the financial instruments, and, in the case of our convertible notes payable, at the date of conversions to equity and at each reporting date, recording a derivative liability, debt discount, additional paid-in capital and a gain or loss on change in derivative liabilities as applicable. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management projections. These inputs are subject to significant changes from period to period and to managements judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.
Impairment of Long-Lived Assets	All assets, including intangible assets subject to amortization, are reviewed for impairment when changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 350 and ASC 360. If the carrying amount of the asset exceeds the expected undiscounted cash flows of the asset, an impairment charge is recognized equal to the amount by which the carrying amount exceeds fair value or net realizable value. The testing of these intangibles under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. Total impairment expense, consisting of write downs for cryptocurrency mining equipment totaled $2,097,930 for the year ended June 30, 2019. Total impairment expense, consisting of write downs for equipment inventories, cryptocurrency mining equipment and goodwill, totaled $4,907,884 for the year ended June 30, 2018.
Fair Value of Financial Instruments	Disclosures about fair value of financial instruments require disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of June 30, 2019 and 2018, the amounts reported for cash, restricted cash, prepaid expenses and other current assets, equipment deposits, accounts payable, accrued expenses and due to related party approximate fair value because of their short maturities. Fair value is defined as 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. ASC Topic 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Our marketable securities as of June 30, 2018 were measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 Marketable securities $ 1,700 $ 1,700 - - Total assets measured at fair value $ 1,700 $ 1,700 $ - $ - Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 June 30, 2019: Derivative liabilities $ 1,617,774 $ - $ - $ 1,617,774 Total liabilities measured at fair value $ 1,617,774 $ - $ - $ 1,617,774 June 30, 2018: Derivative liabilities $ 2,886,965 $ - $ - $ 2,886,965 Total liabilities measured at fair value $ 2,886,965 $ - $ - $ 2,886,965
Stock-Based Compensation	The Company accounts for all equity-based payments in accordance with ASC Topic 718, Compensation Stock Compensation. The Company accounts for non-employee share-based awards based upon ASC 505-50, Equity-Based Payments to Non-Employees.
Revenue Recognition	Effective July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. There was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standards stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation. Our revenues currently consist of cryptocurrency mining revenues and revenues from the sale of cryptocurrency mining equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue. The Company earns its cryptocurrency mining revenues by providing transaction verification services within the digital currency networks of cryptocurrencies, such as Bitcoin, Litecoin and Ethereum. The Company satisfies its performance obligation at the point in time that the Company is awarded a unit of digital currency through its participation in the applicable network and network participants benefit from the Companys verification service. In consideration for these services, the Company receives digital currencies, which are recorded as revenue using the closing U.S. dollar price of the related cryptocurrency on the date of receipt. Expenses associated with running the cryptocurrency mining operations, such as equipment depreciation, rent, operating supplies, rent, utilities and monitoring services are recorded as cost of revenues. There is currently no specific definitive guidance in GAAP or alternative accounting frameworks for the accounting for the production and mining of digital currencies and management has exercised significant judgment in determining appropriate accounting treatment for the recognition of revenue for mining of digital currencies. Management has examined various factors surrounding the substance of the Companys operations and the guidance in ASC 606, including identifying the transaction price, when performance obligations are satisfied, and collectability is reasonably assured being the completion and addition of a block to a blockchain and the award of a unit of digital currency to the Company. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies which could result in a change in the Companys financial statements.
Income Taxes	The Company adopted the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. The Company adopted ASC 740-10, Definition of Settlement in FASB Interpretation No. 48,
Income (Loss) Per Share	Basic net income or loss per share is calculated by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as in-the-money stock options and warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock. Equivalent shares are not utilized when the effect is anti-dilutive. For the years ended June 30, 2019 and 2018, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share.
Recently Issued Accounting Pronouncements	In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework Changes to the Disclosure Requirements for Fair Value Measurement. Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its financial position or results of operations.
Reclassifications	Certain amounts in the financial statements for the year ended June 30, 2018 have been reclassified to conform to the presentation for the year ended June 30, 2019.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
Fair value of marketable securities	Total Level 1 Level 2 Level 3 Marketable securities $ 1,700 $ 1,700 - - Total assets measured at fair value $ 1,700 $ 1,700 $ - $ -
Fair value of derivative liabilities	Total Level 1 Level 2 Level 3 June 30, 2019: Derivative liabilities $ 1,617,774 $ - $ - $ 1,617,774 Total liabilities measured at fair value $ 1,617,774 $ - $ - $ 1,617,774 June 30, 2018: Derivative liabilities $ 2,886,965 $ - $ - $ 2,886,965 Total liabilities measured at fair value $ 2,886,965 $ - $ - $ 2,886,965

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Jun. 30, 2019
PROPERTY AND EQUIPMENT (Tables)
Property and equipment	2019 2018 Cryptocurrency mining equipment $ 1,579,580 $ 573,806 Furniture and equipment 16,366 14,427 Leasehold improvements - 102,932 Total 1,595,946 691,165 Less accumulated depreciation and amortization (556,263 ) (58,060 ) Net $ 1,039,683 $ 633,105

DIGIMINE ACQUISITION AND PREF_2

DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT (Tables)	12 Months Ended
	Jun. 30, 2019
DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT (Tables)
Summary of consideration paid in acquisition	Value of 36,667 total Series B preferred shares $ 1,163,806 Derivative liabilities associated with Put-Back Rights 3,729,109 Total consideration paid $ 4,892,915
Schedule of fair value of assets acquired	Restricted cash $ 375,000 Property and equipment 350,349 Digital currencies 14,056 Goodwill 4,153,510 Total consideration allocated $ 4,892,915

Debt (Tables)

Debt (Tables)	12 Months Ended
	Jun. 30, 2019
Debt (Tables)
Schedule of convertible notes payable	Debt Principal Discount Net Geneva Roth Remark Holdings, Inc. #2 $ 43,000 $ 11,582 $ 31,418 Geneva Roth Remark Holdings, Inc. #3 78,000 24,253 53,747 Geneva Roth Remark Holdings, Inc. #4 63,000 21,605 41,395 BHP Capital NY, Inc. #2 38,500 16,748 21,752 Armada Investment Fund, LLC #2 38,500 16,747 21,753 Jefferson Street Capital LLC 38,500 16,747 21,753 St. George Investments LLC 500,000 234,671 265,329 Total $ 799,500 $ 342,353 $ 457,147

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Jun. 30, 2019
WARRANTS (Tables)
Schedule of warrant activity	Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at June 30, 2017 12,817 $ 4.33 5.25 $ - Granted 347,175 $ 2.16 Exercised (502 ) $ 7.50 Cancelled or expired (11,115 ) $ 3.30 Outstanding at June 30, 2018 348,375 $ 2.20 2.55 $ - Granted - $ - Exercised (99,713 ) $ 2.16 Cancelled or expired (248,662 ) $ 2.21 Outstanding and exercisable at June 30, 2019 - $ -

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2019
DERIVATIVE LIABILITIES
Schedule of derivative liabilities	Convertible Notes Payable Warrants Put Back Rights Exchange Agreement Common Stock Subscription Total Derivative liabilities at June 30, 2017 $ 84,545 $ 646 $ - $ - $ - 85,191 Addition to liabilities for new debt issued 72,617 - - - - 72,617 Addition to liabilities for put rights issued - - 3,729,109 - - 3,729,109 Decrease due to conversion/assignment of debt (480,969 ) - - - - (480,969 ) Decrease due to exercise/surrender of warrants - (28,499 ) - - - (28,499 ) Change in fair value 323,807 27,853 (842,144 ) - - (490,484 ) Derivative liabilities at June 30, 2018 - - 2,886,965 - - 2,886,965 Addition to liabilities for new debt/subscription 438,720 - - - 25,000 463,720 Addition to liabilities for Exchange Agreement - - - 1,485,000 - 1,485,000 Decrease due to conversions/assignments (95,758 ) (2,124,588 ) (2,571,265 ) (120,000 ) - (4,911,611 ) Decrease due to exercise/surrender of warrants - (774,642 ) - - - (774,642 ) Change in fair value 39,087 2,899,230 (315,700 ) (137,800 ) (16,478 ) 2,468,339 Derivative liabilities at June 30, 2019 $ 382,049 $ - $ - $ 1,227,200 $ (8,522 ) $ 1,617,771

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2019
INCOME TAXES (Tables)
Schedule of income tax expense	Years Ended June 30, 2019 2018 Tax benefit at the statutory rate $ (1,997,787 ) $ (1,171,265 ) State income taxes, net of federal income tax benefit 417,669 66,710 Non-deductible items 1,726,651 1,248,992 Non-taxable items 6,882 (104,668 ) Change in valuation allowance (153,415 ) (39,769 ) Total $ - $ -
Schedule of Deferred tax asset	June 30, 2018 2017 Net operating loss carryforward $ 427,263 $ 273,848 Less valuation allowance (427,263 ) (273,848 ) Net $ - $ -

ORGANIZATION (Details Narrative

ORGANIZATION (Details Narrative)	12 Months Ended
	Jun. 30, 2019
State of Incorporation	Nevada
Date of incorporation	Mar. 22, 2011
PetaWatt Properties, LLC [Member]
Lease term	3 years

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Marketable securities		$ 1,700
Total assets measured at fair value		1,700
Level 1 [Member]
Marketable securities		1,700
Total assets measured at fair value		1,700
Level 2 [Member]
Marketable securities
Total assets measured at fair value
Level 3 [Member]
Marketable securities
Total assets measured at fair value

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Derivative liabilities	$ 1,617,774	$ 2,886,965
Total liabilities measured at fair value	1,617,774	2,886,965
Level 1 [Member]
Derivative liabilities
Total liabilities measured at fair value
Level 2 [Member]
Derivative liabilities
Total liabilities measured at fair value
Level 3 [Member]
Derivative liabilities	1,617,774	2,886,965
Total liabilities measured at fair value	$ 1,617,774	$ 2,886,965

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
Impairment expense of goodwill	$ 4,153,510
Impairment of assets	2,097,930	$ 4,907,884
Impairment expense abandoned leasehold improvements	$ 107,150
Property and equipment estimated useful life	3 years

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
GOING CONCERN (Details Narrative)
Net cash used in operating activities	$ (708,040)	$ (1,147,502)
Total stockholders' deficit	(1,088,343)	(2,134,818)	$ (50,016)
Accumulated deficit	$ (20,983,207)	$ (11,469,936)

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Property and Equipment, Total	$ 1,595,946	$ 691,165
Less accumulated depreciation and amortization	(556,263)	(58,060)
Property and Equipment, Net	1,039,683	633,105
Cryptocurrency mining equipment [Member]
Property and Equipment, Total	1,579,580	573,806
Leasehold Improvements [Member]
Property and Equipment, Total		102,932
Furniture and equipment [Member]
Property and Equipment, Total	$ 16,366	$ 14,427

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
PROPERTY AND EQUIPMENT (Details)
Depreciation and amortization expense	$ 552,958	$ 59,875

ASSET PURCHASE AGREEMENT (Detai

ASSET PURCHASE AGREEMENT (Details Narrative)	Aug. 02, 2018USD ($)integershares	Jun. 30, 2019USD ($)
Impairment expense | $		$ 2,097,930
Asset Purchase Agreement [Member] | Ethereum mining machines [Member]
Number of machines to be purchased under agreement	182
Number of machines placed in operations	152
Number of machines deemed to be defective	30
Asset Purchase Agreement [Member] | Series B Convertible Preferred Stock [Member] | Ethereum mining machines [Member]
Restricted stock shares issued for the purchase of machine under agreement | shares	38,018
Amount of restricted stock shares issued for the purchase of machine under agreement | $	$ 3,003,422

DIGIMINE ACQUISITION AND PREF_3

DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT (Details)	Jun. 30, 2019USD ($)
DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT (Details)
Value of 36,667 total Series B preferred shares	$ 1,163,806
Derivative liabilities associated with Put-Back Rights	3,729,109
Total consideration paid	$ 4,892,915

DIGIMINE ACQUISITION AND PREF_4

DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT (Details 1) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Property and equipment	$ 1,595,946	$ 691,165
Digital currencies	2	$ 11,227
DigiMine LLC [Member]
Restricted cash	375,000
Property and equipment	350,349
Digital currencies	14,056
Goodwill	4,153,510
Total consideration allocated	$ 4,892,915

DIGIMINE ACQUISITION AND PREF_5

DIGIMINE ACQUISITION AND PREFERRED STOCK EXCHANGE AGREEMENT (Details Narrative) - USD ($)	Apr. 16, 2018	May 21, 2019	Apr. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Restricted cash					$ 375,000
Loss on exchange of Series B preferred stock				$ (1,650,000)
Impairment expense					$ 4,153,510
Beginning balance, Shares
DigiMine LLC [Member]
Surrender of preferred shares		20,000
Common stock shares issued during the period		10,000,000		2,000,000
Common stock shares issued during thr period, value		$ 285,000		$ 285,000
Exchange shares issued description		10,000,000 shares (“Exchange Shares”) of the Company’s common stock, which are to be issued in ten tranches of 1,000,000 shares each beginning ten trading days after the date of the Exchange Agreement and each ten trading days thereafter.
Asset Purchase Agreement [Member] | DigiMine LLC [Member]
Restricted cash	$ 175,000		$ 200,000
Description for shares of redemption price	DigiMine has the right (the "Put-Back Right"), at any time commencing April 1, 2019, to require that the Company redeem for cash any of Seller's then-outstanding Shares at a redemption price equal to 72% of the Shares		DigiMine has the right (the "Put-Back Right"), at any time commencing May 1, 2019, to require that the Company redeem for cash any of Seller's then-outstanding Shares at a redemption price equal to 72% of the Shares
Put-Back Price	$ 1,200,000		$ 1,440,000
Fixed price	$ 100		$ 100
Description of put-back price	The Conversion Amount on execution is equal to $1,200,000 (the "Put-Back Price") of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share		The Conversion Amount on execution is equal to $1,440,000 (the "Put-Back Price") of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share
Digital currency portfolio an estimated value			$ 15,487
Asset Purchase Agreement [Member] | DigiMine LLC [Member] | Series B Preferred Stock [Member]
Beginning balance, Shares	16,666		20,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Mar. 06, 2019	Aug. 31, 2017
Due to related party		$ 69,854	$ 20,974
Mr. Rubakh [Member]
Salary expense		150,000	131,250
Due to related party		$ 69,854	$ 20,974
Conversion of accrued compensation, amount					$ 15,625
Conversion of accrued compensation, shares issued					347,222
Mr. Rubakh [Member] | Series B Preferred Stock [Member]
Converted shares	30,000
Common stock issued for conversion of preferred stock	3,000,000
Shares issued for compensation		70,000	110,000
Preferred stock shares reserved for future issuance periodically				50,000
Stock-based compensation - related party		$ 1,312,000	$ 809,000
Frequency of periodic issuance		Quarterly
Mr. Rubakh [Member] | April 1, 2019 [Member]
Accrued compensation				$ 150,000

Debt (Details)

Debt (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Principal	$ 799,500
Debt Discount	342,353
Net	457,147
BHP Capital NY, Inc. [Member] | Convertible Promissory Note [Member]
Principal	38,500
Debt Discount	16,748
Net	21,752
Armada Investment Fund, LLC [Member] | Convertible Notes Payable [Member]
Principal	38,500
Debt Discount	16,747
Net	21,753
Jefferson Street Capital LLC [Member] | Convertible Promissory Note [Member]
Principal	38,500
Debt Discount	16,747
Net	21,753
Geneva Roth Remark Holdings, Inc. #2 [Member] | Convertible Notes Payable [Member]
Principal	43,000
Debt Discount	11,582
Net	31,418
Geneva Roth Remark Holdings, Inc. #3 [Member] | Convertible Notes Payable [Member]
Principal	78,000
Debt Discount	24,253
Net	53,747
Geneva Roth Remark Holdings, Inc. #4 [Member] | Convertible Notes Payable [Member]
Principal	63,000
Debt Discount	21,605
Net	41,395
St. George Investments LLC[Member] | Convertible Promissory Note [Member]
Principal	500,000
Debt Discount	234,671
Net	$ 265,329

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	May 15, 2019	Feb. 06, 2019	Apr. 04, 2017	Jan. 13, 2017	Dec. 13, 2016	Dec. 02, 2016	Oct. 06, 2016	Jun. 26, 2019	Apr. 18, 2019	Mar. 21, 2019	Sep. 26, 2018	Sep. 17, 2018	Dec. 30, 2017	Mar. 28, 2017	Feb. 13, 2017	Jul. 25, 2016	Jun. 30, 2019	Jun. 30, 2018	Jul. 31, 2017	Jul. 15, 2016
Common stock shares issued																	29,824,187	8,964,103
Proceeds from issuance of common stock																		$ 720,000
Amortization of debt discount																	180,172	117,069
Conversion of debt																		193,162
Principal amount																	799,500
Convertible Promissory Note [Member] | BHP Capital NY, Inc. [Member]
Maturity date	Feb. 15, 2020										Sep. 17, 2019
Derivative liability	$ 15,597										$ 17,687						16,578
Debt discount	$ 20,097										$ 46,840						3,350
Interest rate	8.00%										8.00%
Accrued interest payable																	388
Principal amount											$ 52,000
Original issue discount	$ 2,500										$ 2,000
Terms of conversion feature	Jefferson has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock.										Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Amortization of debt discount
Conversion price, description	The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion										The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Principal amount																	38,500
Convertible Promissory Note [Member] | Geneva Inc [Member]
Maturity date												Sep. 26, 2019
Derivative liability												$ 46,169
Debt discount												$ 49,169
Interest rate												10.00%
Accrued interest payable																	6,400
Principal amount
Amortization of debt discount																	49,169
Conversion price, description
Convertible Promissory Note [Member] | Capital Funding LLC (LG) [Member]
Accrued interest payable																	34,835
Principal amount																	125,000
Convertible Promissory Note [Member] | Global [Member]
Convertible promissory note													$ 11,115		$ 10,000
Maturity date															Feb. 13, 2018
Conversion price percentage													2500000.00%		50.00%
Derivative liability													$ 324,629		$ 8,487
Debt discount													25,000		8,487
Extinguishing of debt, accrued interest													3		77
Extinguishing of debt, principal													$ 25,000		$ 11,117	$ 1,236
Interest rate													5.00%		2.00%
Accrued interest payable															$ 1,117		$ 1,541
Common stock shares issued																	14,935,239
Principal amount																	$ 38,000
Net proceeds from debt															9,000
Accrued interest payable																	34,835
Convertible Promissory Note [Member] | Howard Schraub [Member]
Convertible promissory note			$ 20,000											$ 16,500
Maturity date			Apr. 4, 2018											Mar. 28, 2018
Conversion price percentage			50.00%											50.00%
Exercise price			$ 0.50											$ 0.50
Derivative liability			$ 23,381											$ 19,999			1,009,548	$ 2,886,965
Debt discount			20,000											16,500
Extinguishing of debt, accrued interest			1,366											1,279
Extinguishing of debt, principal			$ 12,075											$ 16,500		$ 1,236
Interest rate			10.00%											10.00%
Accrued interest payable																	34,835
Convertible Promissory Note [Member] | RiverNorthEquityLLC [Member]
Convertible promissory note																				33,333
Maturity date											Sep. 17, 2019					Mar. 29, 2017
Conversion price percentage																65.00%
Debt discount																				30,051
Extinguishing of debt, principal																$ 1,236
Conversion price, description								The conversion price is 80% of the average of the three lowest closing prices of the Company’s common stock during the twenty trading days preceding the date of conversion								The conversion price was the lower of 65% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date
Conversion of debt																$ 4,660
Convertible Promissory Note [Member] | BHP [Member]
Maturity date											Sep. 17, 2019
Derivative liability											$ 17,687
Debt discount											$ 46,840
Interest rate											8.00%
Accrued interest payable																	4,512
Principal amount											$ 52,000
Original issue discount											$ 2,000
Common stock shares issued											75,000
Proceeds from issuance of common stock											$ 26,625
Amortization of debt discount																	46,840
Convertible Promissory Note [Member] | EMA Financial LLC [Member]
Convertible promissory note							$ 33,000
Maturity date							Oct. 6, 2017
Conversion price percentage							50.00%
Derivative liability							$ 45,358
Debt discount							33,000
Extinguishing of debt, principal							$ 29,908
Interest rate							12.00%
Accrued interest payable																			2,715
Conversion of debt
Convertible Promissory Note [Member] | GlobalOpportunityGroupLLC [Member]
Convertible promissory note						$ 18,700
Maturity date						Dec. 2, 2017
Conversion price percentage						50.00%
Derivative liability						$ 17,376
Debt discount						$ 17,376
Interest rate						12.00%
Accrued interest payable																	1,541
Net proceeds from debt						$ 17,000
Convertible Promissory Note [Member] | GPL Ventures LLC [Member]
Convertible promissory note					$ 10,000
Maturity date					Jul. 13, 2017
Conversion price percentage					50.00%
Derivative liability					$ 8,932
Debt discount					$ 8,932
Interest rate					12.00%
Accrued interest payable					$ 687
Conversion price, description
Convertible Promissory Note [Member] | Jefferson Street Capital LLC [Member]
Maturity date	Feb. 15, 2020											Sep. 26, 2019
Derivative liability	$ 15,597											$ 46,169					16,578
Debt discount	$ 20,097											$ 49,169					3,350
Interest rate	8.00%											10.00%
Accrued interest payable																	388
Original issue discount	$ 2,500										$ 2,000
Terms of conversion feature	Jefferson has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock.											Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Amortization of debt discount																	42,297
Conversion price, description												The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Convertible promissory note																	$ 90,000
Convertible promissory note converted into common stock																	919,336
Principal amount																	$ 38,500
Convertible Promissory Note [Member] | St. George Investments LLC[Member]
Maturity date											Sep. 17, 2019
Derivative liability								$ 239,773			$ 17,687						251,590
Debt discount								$ 239,773			$ 46,840
Interest rate								5.00%			8.00%
Accrued interest payable																	438
Principal amount								$ 500,000			$ 52,000
Original issue discount											$ 2,000
Common stock shares issued											75,000
Proceeds from issuance of common stock											$ 26,625
Terms of conversion feature											BHP has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Amortization of debt discount																	5,102
Principal amount																	500,000
Convertible Promissory Note [Member] | Armada Investment Fund, LLC [Member]
Maturity date	Feb. 15, 2020										Sep. 17, 2019
Derivative liability	$ 15,598										$ 17,687						16,578
Debt discount	$ 20,098										$ 46,840						3,350
Interest rate	8.00%										8.00%
Accrued interest payable																	388
Principal amount											$ 52,000
Original issue discount	$ 2,500										$ 2,000
Common stock shares issued											75,000
Proceeds from issuance of common stock											$ 26,625
Terms of conversion feature	Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock										Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Amortization of debt discount																	46,840
Conversion price, description	The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion										The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Convertible Promissory Note [Member] | Geneva [Member]
Maturity date		Feb. 6, 2020
Derivative liability		$ 16,128															18,971
Debt discount		$ 19,128
Interest rate		10.00%
Accrued interest payable																	1,696
Principal amount		$ 43,000
Terms of conversion feature		Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock.
Amortization of debt discount																	7,546
Conversion price, description		The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Third Convertible Promissory Note [Member] | Geneva [Member]
Maturity date										Mar. 21, 2020
Derivative liability										$ 30,496							34,233
Debt discount										$ 33,496							9,243
Interest rate										10.00%
Accrued interest payable																	2,158
Principal amount										$ 78,000
Amortization of debt discount																	9,243
Conversion price, description										The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Fourth Convertible Promissory Note [Member] | Geneva [Member]
Maturity date									Apr. 18, 2020
Derivative liability									$ 23,988								27,523
Debt discount									$ 26,988								5,383
Interest rate									10.00%
Accrued interest payable																	1,260
Common stock shares issued																		8,964,103
Terms of conversion feature									Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Amortization of debt discount																	$ 9,243
Conversion price, description									The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Principal amount									$ 63,000

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Narrative) - USD ($)	Aug. 02, 2018	Jul. 06, 2017	May 21, 2019	Apr. 30, 2019	Jan. 24, 2019	Sep. 26, 2018	Jan. 19, 2018	Oct. 25, 2017	Aug. 31, 2017	Mar. 31, 2015	Sep. 30, 2017	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	May 31, 2019	Feb. 28, 2019	Jan. 25, 2019	Apr. 30, 2018	Apr. 16, 2018	Jun. 30, 2017	Dec. 21, 2015
Common stock, shares authorized													250,000,000	250,000,000			250,000,000
Common stock, shares issued													29,824,187	8,964,103
Common stock, shares outstanding													29,824,187	8,964,103
Common stock shares issued, shares													20,860,084	3,751,540
Loss on exchange of Series B preferred stock													$ (1,650,000)
Net proceeds of common stock														$ 720,000
Common stock shares issued
Common stock value													$ 29,825	$ 8,965
Accrued interest													24,456	$ 29,428
Convertible Notes Payable [Member]
Principal amount													500,000
Extinguishment of derivative liabilities													$ 2,123,969
Convertible preferred stock					10,000								97,684
Common stock shares issued													9,768,400
Convertible debt [Member]
Debt conversion converted instrument, shares issued														2,752,883
Value of shares issued upon conversion of debt														$ 193,161
Debt conversion converted amount, principal														77,818
Debt conversion converted amount, accrued interest														4,073
Debt conversion converted amount, derivative liabilities														78,412
Debt conversion converted amount, fees														2,950
Debt conversion converted amount, penalties														29,909
DigiMine LLC [Member]
Extinguishment of derivative liabilities													$ 2,571,265
Common stock shares issued during the period			10,000,000										2,000,000
Surrender of preferred shares			20,000
Common stock shares issued during thr period, value			$ 285,000										$ 285,000
Exchange shares issued description			10,000,000 shares (“Exchange Shares”) of the Company’s common stock, which are to be issued in ten tranches of 1,000,000 shares each beginning ten trading days after the date of the Exchange Agreement and each ten trading days thereafter.
August 2018 and January 2019 [Member]
Net proceeds of common stock													4,950
Extinguishment of derivative liabilities													$ 772,751
Common stock shares issued, shares													4,950,000
Consultant [Member] | August and October 2018 [Member]
Common stock, shares issued													220,000
Common stock value													$ 82,057
Mr. Rubakh [Member]
Convertible preferred stock					10,000								30,000
Common stock shares issued													3,000,000
Convertible preferred stock value					$ 160,000								$ 9,768
Lender [Member]
Net proceeds of common stock						$ 53,250
Common shares issued for cashless exercise of warrants, amount		$ 188
Common shares issued for cashless exercise of warrants, shares		188,240
Common stock shares issued, shares						150,000
Steve Rubakh [Member]
Net proceeds of common stock									$ 15,625
Common stock shares issued, shares									347,222
St. George Investments LLC [Member]
Restricted common shares							462,900
Restricted common shares, value							$ 750,000
Net proceeds of common stock							$ 720,000
Warrant purchased, shares							347,175
Exercise price							$ 2.16
Warrant purchased, amount							$ 607,556
Warrant purchased, share price							$ 1.75
Common Stock
Common stock, shares issued													3,771,684
Extinguishment of derivative liabilities													$ 95,755
Common stock shares issued													29,824,187	8,964,103						5,212,563
Notes payable													$ 242,400
Reverse stock split, description											Common shares outstanding were increased by 115 shares due to reverse split rounding.
Accrued interest													$ 15,367
Common shares issued for cashless exercise of warrants, shares													4,950,000
Common stock shares issued, shares														462,900
Debt conversion converted instrument, shares issued														2,752,883
Series B Preferred Stock [Member] | Mr. Rubakh [Member]
Preferred stock, shares issued								3,500					3,000
Preferred stock, par value per share								$ 10					$ 3
Common stock shares issued during the period				3,000,000
Stock-based compensation - related party													$ 1,312,000	$ 809,000
Purchase of shares								16,000
Shares issued for cash								$ 12,500
Investment amount								125,000
Stock subscription payable								$ 35,000
Asset Purchase Agreement [Member] | Series B Convertible Preferred Stock [Member] | Ethereum mining machines [Member]
Restricted shares issued	38,018
Amount of restricted stock shares issued for the purchase of machine under agreement	$ 3,003,422
Asset Purchase Agreement [Member] | Series B Preferred Stock [Member]
Preferred stock, shares issued																1,200		36,666
Preferred shares value																		$ 1,163,806
Preferred stock originally issued													1,800
Asset Purchase Agreement [Member] | Series B Preferred Stock [Member] | DigiMine LLC [Member]
Common stock shares issued																		20,000	16,666
Board of Directors [Member] | Series A Preferred Stock [Member]
Preferred stock, shares authorized										1,000,000
Preferred stock, shares issued										500,000
Preferred stock, shares outstanding										500,000
Common stock voting rights										Holders of the Series A preferred stock have the right to vote in aggregate, on all shareholder matters equal to 1,000 votes per share of Series A preferred stock.
limitations and relative rights										1,000,000
Board Of Director [Member] | Series B Preferred Stock [Member] | Mr. Rubakh [Member]
Preferred stock, shares issued													70,000	110,000
Stock-based compensation - related party													$ 1,312,000	$ 809,000
Preferred Stock Exchange Agreement [Member]
Common stock, shares issued															2,000,000
Common stock value															$ 285,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized													1,000,000	1,000,000
Preferred stock, shares issued													500,000	500,000
Preferred stock, shares outstanding													500,000	500,000
Preferred stock, par value per share													$ 0.001	$ 0.001
Common stock shares issued													500,000	500,000						500,000
Common shares issued for cashless exercise of warrants, shares
Common stock shares issued, shares
Debt conversion converted instrument, shares issued
Series B Preferred Stock [Member]
Preferred stock, shares authorized													500,000	500,000							500,000
Preferred stock, shares issued													300,000	309,166
Preferred stock, shares outstanding													300,000	309,166
Preferred stock, par value per share													$ 0.001	$ 0.001							$ 0.001
Common stock shares issued													300,000	309,166						150,000
Common stock shares issuable upon conversion of preferred stock																					100

WARRANTS (Details)

WARRANTS (Details) - Warrant [Member] - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Number of Outstanding Shares, Beginning Balance	348,375	12,817
Granted		347,175
Exercised	(99,713)	(502)
Cancelled or expired	(248,662)	(11,115)
Number of Outstanding Shares, Ending Balance		348,375
Weighted Average Exercise Price, Beginning Balance	$ 2.20	$ 4.33
Granted		2.16
Exercised	2.16	7.50
Forfeited or expired	2.21	3.30
Weighted Average Exercise Price, Ending Balance		$ 2.20
Weighted average remaining contractual life (Years), Outstanding and exercisable, Beginning Balance		5 years 2 months 30 days
Weighted average remaining contractual life (Years), Outstanding and exercisable, Ending Balance		2 years 6 months 18 days
Aggregate intrinsic value, Beginning Balance

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Derivative liabilities	$ 1,617,774	$ 2,886,965
Convertible Promissory Note [Member]
Derivative liabilities	$ 772,751	$ 2,123,969

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jul. 11, 2018	Apr. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	May 04, 2018
Operating leases rent expense			$ 81,930	$ 49,295
Operating lease term description			The Carthage lease and power purchase agreement was entered into on May 10, 2019 for an initial term of 90 days, with an option to continue the lease for a subsequent 36 months. The Company’s sole obligation under the lease is to pay the lessor $0.41 on every kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations. Through June 30, 2019, the Company paid the lessor a total of $27,000.
Gain (loss) on extinguishment of debt				$ 7,934
Pennsylvania [Member]
Operating lease term description			The Company retained its operating lease for its Pennsylvania administrative location, which is on a month-to-month basis at $750 per month
LG Capital Funding, LLC [Member] | Forbearance Agreement [Member]
Note payable					$ 125,000
Gain (loss) on extinguishment of debt	$ 29,257	$ 135,427

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Derivative liabilities at June 30, 2018	$ 2,886,965	$ 85,191	$ 85,191
Addition to liabilities for new debt/subscription	463,720
Addition to liabilities for Exchange Agreement	1,485,000
Addition to liabilities for new debt issued		72,617
Addition to liabilities for put rights issued		3,729,109
Decrease due to exercise/surrender of warrants	(774,642)	(480,969)
Decrease due to conversion/assignment of debt	(4,911,611)	(28,499)
Change in fair value	2,468,339	(490,484)
Derivative liabilities at June 30, 2019	1,617,771	2,886,965	85,191
Convertible Notes Payable [Member]
Derivative liabilities at June 30, 2018		84,545
Addition to liabilities for new debt issued		72,617
Addition to liabilities for put rights issued
Decrease due to exercise/surrender of warrants
Decrease due to conversion/assignment of debt	(95,758)	(480,969)
Change in fair value	39,087	323,807
Derivative liabilities at June 30, 2019	382,049
Addition to liabilities for new debt/subscription	438,720
Warrants [Member]
Derivative liabilities at June 30, 2018		646
Addition to liabilities for new debt issued
Addition to liabilities for put rights issued
Decrease due to exercise/surrender of warrants	(774,642)	(28,499)
Decrease due to conversion/assignment of debt	(2,124,588)
Change in fair value	2,899,230	27,853
Derivative liabilities at June 30, 2019
Addition to liabilities for new debt/subscription
Exchange Agreement [Member]
Derivative liabilities at June 30, 2018
Addition to liabilities for new debt issued
Addition to liabilities for put rights issued
Decrease due to exercise/surrender of warrants
Decrease due to conversion/assignment of debt	(120,000)
Change in fair value	(137,800)
Derivative liabilities at June 30, 2019	1,227,200
Addition to liabilities for Exchange Agreement	1,485,000
Put Back Rights [Member]
Derivative liabilities at June 30, 2018	2,886,965
Addition to liabilities for new debt issued
Addition to liabilities for put rights issued		3,729,109
Decrease due to exercise/surrender of warrants
Decrease due to conversion/assignment of debt	(2,571,265)
Change in fair value	(315,700)	(842,144)
Derivative liabilities at June 30, 2019
Common Stock Subscription [Member]
Derivative liabilities at June 30, 2018
Addition to liabilities for new debt issued
Addition to liabilities for put rights issued
Decrease due to exercise/surrender of warrants
Decrease due to conversion/assignment of debt
Change in fair value	(16,478)
Derivative liabilities at June 30, 2019	(8,522)
Addition to liabilities for new debt/subscription	$ 25,000

DERIVATIVE LIABILITIES (Detai_2

DERIVATIVE LIABILITIES (Details Narrative)	12 Months Ended
	Jun. 30, 2019
Future financing rate	100.00%
Minimum[Member]
Volatility rate	233.00%
Risk-free interest rate	1.99%
Maximum [Member]
Volatility rate	303.00%
Risk-free interest rate	2.49%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
INCOME TAXES (Details)
Tax benefit at the statutory rate	$ (1,997,787)	$ (1,171,265)
State income taxes, net of federal income tax benefit	417,669	66,710
Non-deductible items	1,726,651	1,248,992
Non-taxable items	6,882	(104,668)
Change in valuation allowance	(153,415)	(39,769)
Total

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
INCOME TAXES (Details)
Net operating loss carryforward	$ 427,263	$ 273,848
Less valuation allowance	(427,263)	(273,848)
Net

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Jun. 30, 2019USD ($)
INCOME TAXES (Details)
Net operating loss carry forwards	$ 2,034,586
Expiration year	through the year 2037.

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jul. 03, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Common stock, shares issued		29,824,187	8,964,103
Common stock shares issued
Convertible promissory note		$ 457,147
Subsequent Event [Member]
Common stock shares issued		9,258,106
Debt instrumrent converted amount		$ 243,000
Accrued interest converted amount		$ 2,150
Debt instrument converted amount shares issued		4,258,106
Subsequent Event [Member] | Series B Exchange Agreement [Member]
Common stock, shares issued		5,000,000
Subsequent Event [Member] | Armada [Member]
Convertible promissory note	$ 137,500
Original issue discount	$ 12,500
Debt maturity date	Jul. 3, 2020
Debt instrument interest rate	8.00%
Conversion price description	The conversion price is 70% of the average of the five lowest trading prices of the Company’s common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion.
Subsequent Event [Member] | BHP [Member]
Convertible promissory note	$ 137,500
Original issue discount	$ 12,500
Debt maturity date	Jul. 3, 2020
Debt instrument interest rate	8.00%
Conversion price description	The conversion price is 70% of the average of the five lowest trading prices of the Company’s common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion.