Integrated Ventures (INTV) 10-K 24 Sep 21 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2021	Sep. 24, 2021	Dec. 31, 2020
Cover [Abstract]
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, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		204,961,362
Entity Public Float			$ 4,347,889
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Current assets:
Cash	$ 2,097,537	$ 6,675
Prepaid expenses and other current assets	197,620	3,250
Total current assets	2,295,157	9,925
Non-current assets:
Equipment deposits	7,663,265	0
Property and equipment, net of accumulated depreciation and amortization of $521,416 and $805,421 as of June 30, 2021 and 2020, respectively	3,159,523	453,342
Digital currencies	245,320	82,855
Deposits	700	700
Total assets	13,363,965	546,822
Current liabilities:
Accounts payable	27,259	84,443
Accrued preferred stock dividends	193,933	0
Accrued expenses	4,381	25,274
Due to related party	29,357	122,907
Notes payable	19,153	7,583
Convertible notes payable, net of discounts of $0 and $88,449 as of June 30, 2021 and 2020, respectively	0	251,384
Derivative liabilities	0	164,834
Total current liabilities	274,083	656,425
Total liabilities	274,083	656,425
Mezzanine:
Commitments and contingencies	0	0
Stockholders' equity (deficit):
Common stock, $0.001 par value, (750,000,000 shares authorized, 194,487,662 and 103,164,460 shares issued and outstanding as of June 30, 2021 and 2020, respectively)	194,488	103,165
Common stock payable	5,480,000	0
Additional paid-in capital	48,365,263	21,851,284
Accumulated deficit	(45,076,096)	(22,064,982)
Total stockholders' equity (deficit)	8,964,882	(109,603)
Total liabilities, mezzanine and stockholders' equity (deficit)	13,363,965	546,822
Series C Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock value	1,125,000	0
Series D Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock value	3,000,000	0
Series A Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock value	500	500
Series B Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock value	$ 727	$ 430

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Accumulated depreciation and amortization	$ 521,416	$ 805,421
Current Liability
Convertible notes payable, net of discounts	$ 0	$ 88,449
Stockholders' deficit
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	194,487,662	103,164,460
Common stock, shares outstanding	194,487,662	103,164,460
Series C Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	3,000	3,000
Preferred stock, shares issued	1,125	0
Preferred stock, shares outstanding	1,125	0
Series D Preferred Stock [Member]
Stockholders' deficit
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	4,000	4,000
Preferred stock, shares issued	3,000	0
Preferred stock, shares outstanding	3,000	0
Series A Preferred Stock [Member]
Stockholders' deficit
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]
Stockholders' deficit
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	727,370	430,000
Preferred stock, shares outstanding	727,370	430,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Cryptocurrency mining	$ 1,793,316	$ 435,740
Sales of cryptocurrency mining equipment	58,074	18,430
Total revenues	1,851,390	454,170
Cost of revenues	920,376	996,409
Gross profit (loss)	931,014	(542,239)
Operating expenses:
General and administrative	6,061,741	352,399
Related party stock-based compensation	16,537,500	120,000
Total operating expenses	22,599,241	472,399
Loss from operations	(21,668,227)	(1,014,638)
Other income (expense):
Interest expense	(435,981)	(655,199)
Realized gain (loss) on sale of digital currencies	(22,948)	5,884
Change in fair value of derivative liabilities	(76,687)	782,258
Loss on disposition of property and equipment	(238,363)	(162,451)
Gain on settlement of accounts payable	9,125	0
Loss on conversion of debt	0	(4,592)
Digital currency theft loss	0	(33,037)
Total other income (expense)	(764,854)	(67,137)
Loss before income taxes	(22,433,081)	(1,081,775)
Provision for income taxes	0	0
Net loss	(22,433,081)	(1,081,775)
Preferred stock dividends	(193,933)	0
Deemed dividend	(384,100)	0
Net loss attributable to shareholders	$ (23,011,114)	$ (1,081,775)
Net loss per common share attributable to shareholders, basic and diluted	$ (0.16)	$ (0.02)
Weighted average number of common shares outstanding, basic and diluted	146,038,413	65,389,138

Statement of Stockholders Equit

Statement of Stockholders Equity (Deficit) - USD ($)	Total	Series A, Preferred Stock	Series B, Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Series C, Preferred Stock	Series D, Preferred Stock	Common Stock Payable
Balance, shares at Jun. 30, 2019		500,000	300,000	29,824,187
Balance, amount at Jun. 30, 2019	$ (1,088,343)	$ 500	$ 300	$ 29,825	$ 19,864,239	$ (20,983,207)
Common shares issued in Series B preferred stock Exchange Agreement, shares				8,000,000
Common shares issued in Series B preferred stock Exchange Agreement, amount	479,800	$ 0	$ 0	$ 8,000	471,800	0
Common shares issued in conversion of convertible notes payable, shares				68,340,273
Common shares issued in conversion of convertible notes payable, amount	999,479	$ 0	$ 0	$ 68,340	931,139	0
Return and cancellation of common shares and reissuance of Series B preferred stock, shares			30,000	(3,000,000)
Return and cancellation of common shares and reissuance of Series B preferred stock, amount	0	$ 0	$ 30	$ (3,000)	2,970	0
Issuance of Series B preferred stock for officer compensation, shares			100,000
Issuance of Series B preferred stock for officer compensation, amount	120,000	$ 0	$ 100	$ 0	119,900	0
Settlement of derivative liabilities	461,236	0	0	0	461,236	0
Net loss	(1,081,775)	$ 0	$ 0	$ 0	0	(1,081,775)
Balance, shares at Jun. 30, 2020		500,000	430,000	103,164,460
Balance, amount at Jun. 30, 2020	(109,603)	$ 500	$ 430	$ 103,165	21,851,284	(22,064,982)	$ 0	$ 0	$ 0
Issuance of Series B preferred stock for officer compensation, shares			350,000
Issuance of Series B preferred stock for officer compensation, amount	16,537,500	$ 0	$ 350	$ 0	16,537,150	0	$ 0	$ 0	0
Settlement of derivative liabilities	466,093	0	0	0	466,093	0	0	0	0
Net loss	(22,433,081)	$ 0	$ 0	$ 0	0	(22,433,081)	$ 0	$ 0	0
Issuance of common shares for cash, shares				30,000,000
Issuance of common shares for cash, amount	8,135,000	$ 0	$ 0	$ 30,000	8,105,000	0	$ 0	$ 0	0
Issuance of common shares in conversion of convertible notes payable, shares				52,723,031
Issuance of common shares in conversion of convertible notes payable, amount	999,869	$ 0	$ 0	$ 52,723	947,146	0	$ 0	$ 0	0
Issuance of common shares for stock subscription, shares				55,555
Issuance of common shares for stock subscription, amount	33,888	$ 0	$ 0	$ 56	33,832	0	$ 0	$ 0	0
Issuance of common stock for services, shares				281,616
Issuance of common stock for services, amount	49,149	$ 0	$ 0	$ 281	48,868	0	$ 0	$ 0	0
Issuance of common stock for conversion of Series B preferred stock, shares			(52,630)	5,263,000
Issuance of common stock for conversion of Series B preferred stock, amount	0	$ 0	$ (53)	$ 5,263	(5,210)	0	$ 0	$ 0	0
Issuance of Series C preferred stock for cash, shares							1,125
Issuance of Series C preferred stock for cash, amount	0	$ 0	$ 0	$ 0	0	0	$ 1,125,000	$ 0	0
Issuance of common stock as equity incentive for Series C preferred stock, shares				3,000,000
Issuance of common stock as equity incentive for Series C preferred stock, amount	0	$ 0	$ 0	$ 3,000	381,100	(384,100)	$ 0	$ 0	0
Issuance of Series D preferred stock for cash, shares								3,000
Issuance of Series D preferred stock for cash, amount	0	$ 0	$ 0	$ 0	0	0	$ 0	$ 3,000,000	0
Common shares payable for services	5,480,000	0	0	0	0	0	0	0	5,480,000
Preferred stock dividends	(193,933)	$ 0	$ 0	$ 0	0	(193,933)	$ 0	$ 0	0
Balance, shares at Jun. 30, 2021		500,000	727,370	194,487,662			1,125	3,000
Balance, amount at Jun. 30, 2021	$ 8,964,882	$ 500	$ 727	$ 194,488	$ 48,365,263	$ (45,076,096)	$ 1,125,000	$ 3,000,000	$ 5,480,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (22,433,081)	$ (1,081,775)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	408,802	575,210
Stock-based compensation - related party	16,537,500	120,000
Common shares payable for services	5,480,000	0
Common shares issued for services	49,149	0
Loss on disposition of property and equipment	238,363	162,451
Amortization of debt discount	404,387	585,091
Realized loss (gain) on sale of digital currencies	22,948	(5,884)
Change in fair value of derivative liabilities	76,687	(782,258)
Gain on settlement of accounts payable	(9,125)	0
Financing fees related to notes payable	0	20,000
Digital currency theft loss	0	33,037
Loss on conversion of debt	0	4,592
Changes in assets and liabilities:
Digital currencies	(1,792,451)	(451,546)
Prepaid expenses and other current assets	(194,370)	0
Accounts payable	(281,639)	45,415
Accrued expenses	18,665	51,513
Due to related party	(93,550)	53,053
Net cash used in operating activities	(1,567,715)	(671,101)
Cash flows from investing activities:
Increase in equipment deposits	(7,663,265)	0
Net proceeds from the sale of digital currencies	9,211,118	714,126
Purchase of property and equipment	(3,291,346)	(123,349)
Purchase of digital currencies	(7,374,678)	(372,586)
Net cash provided by (used in) investing activities	(9,118,171)	218,191
Cash flows from financing activities:
Proceeds from convertible notes payable	563,000	534,000
Proceeds from the issuance of Series C preferred stock	1,125,000	0
Proceeds from the issuance of Series D preferred stock and warrants	3,000,000	0
Proceeds from the issuance of common stock	8,135,000	0
Repayment of notes payable	(46,252)	0
Proceeds from notes payable	0	7,583
Repayment of convertible notes payable	0	(130,308)
Net cash provided by financing activities	12,776,748	411,275
Net increase (decrease) in cash	2,090,862	(41,635)
Cash, beginning of year	6,675	48,310
Cash, end of year	2,097,537	6,675
Supplemental disclosure of cash flow information:
Cash paid for interest	3,014	1,160
Cash paid for income taxes	0	0
Non-cash investing and financing activities:
Debt discount for derivative liabilities	258,460	270,354
Common shares issued in conversion of debt	999,869	994,887
Common shares issued for stock subscription	33,888	0
Settlement of derivative liabilities	466,093	461,236
Notes payable issued for property and equipment	57,822	0
Property and equipment purchased with digital currencies	4,178	0
Accrued preferred stock dividends	193,933	0
Common shares issued for Series C preferred stock equity incentive	384,100	0
Conversion of Series B preferred shares for common shares	5,263	0
Equipment deposits for property and equipment	0	27,971
Return common shares for Series B preferred shares	0	3,000
Common shares issued in Series B preferred share stock Exchange Agreement	$ 0	$ 479,800

ORGANIZATION

ORGANIZATION	12 Months Ended
	Jun. 30, 2021
ORGANIZATION
1. ORGANIZATION	Organization Integrated Ventures, Inc. (the “Company,” “we” or “our”) 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. 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 is currently mining Bitcoin and Ethereum, whereby the Company earns revenue by solving “blocks” to be added to the block chain. The Company also purchases certain digital currencies for short-term investment purposes.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 at times may exceed federally insured limits. For 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, 2020. Digital Currencies Digital currencies consist of Bitcoin, Litecoin, ZCash and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services, and other digital currencies including Chainlink and Quant purchased for short-term investment and trading purposes. 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 Property and Equipment Property and equipment, consisting primarily of computer and other cryptocurrency mining equipment (transaction verification servers), 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. 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. During the years ended June 30, 2021 and 2020, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $238,363 and $162,451, respectively, to loss on disposition of property and equipment. 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 management’s 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 management’s 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. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits. 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, 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 management’s 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. We reported no impairment expense for the years ended June 30, 2021 and 2020. 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, 2021 and 2020, the amounts reported for cash, prepaid expenses and other current assets, equipment deposits, accounts payable, accrued preferred stock dividends, accrued expenses, due to related party and notes payable 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 derivative liabilities are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 June 30, 2021: Derivative liabilities $ - $ - $ - $ - Total liabilities measured at fair value $ - $ - $ - $ - June 30, 2020: Derivative liabilities $ 164,834 $ - $ - $ 164,834 Total liabilities measured at fair value $ 164,834 $ - $ - $ 164,834 Mezzanine Series C and D preferred stock that contain certain default provisions requiring mandatory cash redemption that are outside the control of the Company are recorded as Mezzanine in the accompanying balance sheets. 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 We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers 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, ZCash 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 Company’s verification service. In consideration for these services, the Company receives digital currencies, net of applicable network fees, 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 Company’s 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 Company’s 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, 2021 and 2020, 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 There were no new accounting pronouncements issued or proposed by the FASB during the year ended June 30, 2021 and through the date of filing this report which the Company believes will have a material impact on its financial statements. Reclassifications Certain amounts in the financial statements for the year ended June 30, 2020 have been reclassified to conform to the presentation for the year ended June 30, 2021.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jun. 30, 2021
GOING CONCERN
3. GOING CONCERN	The Company has reported recurring net losses since its inception and used net cash in operating activities of $1,567,715 in the year ended June 30, 2021. As of June 30, 2021, the Company had an accumulated deficit of $45,076,096. 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, 2021
PROPERTY AND EQUIPMENT
4. PROPERTY AND EQUIPMENT	Property and equipment consisted of the following at June 30: 2021 2020 Cryptocurrency mining equipment $ 3,664,573 $ 1,242,397 Furniture and equipment 16,366 16,366 Total 3,680,939 1,258,763 Less accumulated depreciation and amortization (521,416 ) (805,421 ) Net $ 3,159,523 $ 453,342 Depreciation and amortization expense, included in cost of revenues, for the years ended June 30, 2021 and 2020 was $408,802 and $575,210, respectively. During the years ended June 30, 2021 and 2020, we disposed of and wrote off non-serviceable, defective mining equipment with a net book value of $238,363 and $162,451, respectively.

EQUIPMENT DEPOSITS

EQUIPMENT DEPOSITS	12 Months Ended
	Jun. 30, 2021
EQUIPMENT DEPOSITS
5. EQUIPMENT DEPOSITS	Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits. Bitmain Agreement On April 12, 2021, we entered into a Non-fixed Price Sales and Purchase Agreement with Bitmain Technologies Limited (“Bitmain”) (the “Bitmain Agreement”) to purchase from Bitmain cryptocurrency mining hardware and other equipment in accordance with the terms and conditions of the Bitmain Agreement. Bitmain is scheduled to manufacture and ship miners on monthly basis, in 12 equal batches of 400 units, starting in August 2021 and through July 2022. The Purchase Agreement remains in effect until the delivery of the last batch of products. The total purchase price was approximately $34,047,600, subject to price adjustments and related offsets. The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable monthly starting in June 2021. The Company entered into a separate agreement with Wattum Management, Inc. {“Wattum”), a non-related party, whereby Wattum agreed to share 50% of the purchase obligation under the Bitmain Agreement, including reimbursing the Company for 50% of the equipment deposits paid by the Company to Bitmain. As of June 30, 2021, the Company had paid a total of $7,663,265 in equipment deposits, including $6,554,190 paid to Bitmain under the Bitmain Agreement (net of Wattum reimbursements). Canaan Convey Purchase In February 2021, the Company prepaid $990,000 to Canaan Convey Co. LTD (“Canaan Convey”) for the purchase of 250 cryptocurrency miners. As of June 30, 2021, the 250 miners had not been delivered to the Company by Canaan Convey.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2021
RELATED PARTY TRANSACTIONS
6. 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, bonuses as determined by the Board of Directors, and is issued shares of Series B preferred stock on a quarterly basis for additional compensation. The number and timing of Series B preferred shares issued to Mr. Rubakh is at the discretion of the Board of Directors. The Board of Directors of the Company set the current annual compensation for Steve Rubakh to include annual salary of $150,000 per year through March 31, 2021 and $250,000 effective April 1, 2021. In addition, the Board of Directors approved a bonus of $50,000 for the quarter ended June 30, 2021. Total compensation expense included in general and administrative expenses was $225,000 and $150,000 for the years ended June 30, 2021 and 2020, respectively. Amounts due to related party, consisting of accrued salary to Mr. Rubakh, totaled $29,357 and $122,907 as of June 30, 2021 and 2020, respectively. 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. In February 2020, Mr. Rubakh returned 3,000,000 shares of the Company’s common stock and was issued 30,000 shares of the Company’s Series B preferred stock which were previously surrendered in the April 2019 conversion. The common shares were canceled, and the transaction was recorded at the par value of the common and Series B preferred stock. During the year ended June 30, 2021, the Company issued to Mr. Rubakh 350,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $16,537,500, using the closing market price of the Company’s common stock on that date. During the year ended June 30, 2020, the Company issued to Mr. Rubakh 100,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $120,000, using the closing market price of the Company’s common stock on that date. Each share of Series B preferred stock is convertible into 100 shares of the Company’s common stock. This non-cash, related party stock-based compensation is included in operating expenses in the accompanying statements of operations. In February 2021, Mr. Rubakh converted 52,630 shares of Series B preferred stock into 5,263,000 shares of common stock in a transaction recorded at the par value of the shares.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	12 Months Ended
	Jun. 30, 2021
CONVERTIBLE NOTES PAYABLE
7. CONVERTIBLE NOTES PAYABLE	As of June 30, 2021, all convertible notes payable had been fully converted and the obligations extinguished. All related derivative liabilities were settled. As of June 30, 2020, current convertible notes payable consisted of the following: Debt Principal Discount Net BHP Capital NY, Inc. #4 $ 66,000 $ 13,193 $ 52,807 Armada Investment Fund, LLC #5 20,000 2,739 17,261 Armada Investment Fund, LLC #6 22,000 4,167 17,833 BHP Capital NY, Inc. #5 83,333 21,141 62,192 BHP Capital NY, Inc. #6 60,500 19,188 41,312 Armada Investment Fund, LLC #7 88,000 28,021 59,979 Total $ 339,833 $ 88,449 $ 251,384 In consideration for an agreement to limit conversions of a prior convertible note, the Company issued to Armada Investment Fund, LLC (“Armada”) a fifth convertible promissory note in the principal amount of $20,000. The note matures on November 1, 2020 and bears interest at 8%. A debt discount of $8,082 was recorded, consisting of a derivative liability. 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. The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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. During the year ended June 30, 2021, Armada converted the entire principal of $20,000, accrued interest payable of $1,184 and conversion fees of $500 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense. On November 21, 2019, the Company entered into a sixth convertible promissory note with Armada in the principal amount of $22,000, with an original issue discount of $2,000. The note matures on November 21, 2020 and bears interest at 8%. A debt discount of $10,590 was recorded, including a derivative liability of $8,090. 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. The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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. During the year ended June 30, 2021, Armada converted the entire principal of $22,000, accrued interest payable of $1,109 and conversion fees of $500 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense. On December 2, 2019, the Company entered into a fourth convertible promissory note with BHP Capital NY, Inc. (“BHP”) in the principal amount of $66,000, with an original issue discount of $6,000. The note matures on December 2, 2020 and bears interest at 8%. A debt discount of $31,153 was recorded, including a derivative liability of $24,153. 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. The conversion price is 70% of the average of the three lowest trading prices (lowest bid 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. During the year ended June 30, 2021, BHP converted the entire principal of $66,000, accrued interest payable of $3,467 and conversion fees of $1,000 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense. On February 20, 2020, the Company entered into a fifth convertible promissory note with BHP in the principal amount of $83,333, with an original issue discount of $8,333. The note matures on November 20, 2020, and bears interest at 8%. A debt discount of $40,507 was recorded, including a derivative liability of $30,674. 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. The conversion price is 70% of the average of the three lowest trading prices (lowest bid 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. During the year ended June 30, 2021, BHP converted the entire principal of $83,333, accrued interest payable of $4,663 and conversion fees of $1,000 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense. On March 4, 2020, the Company entered into a sixth convertible promissory note with BHP in the principal amount of $60,500, with an original issue discount of $5,500. The note matures on March 4, 2021, and bears interest at 8%. A debt discount of $28,354 was recorded, including a derivative liability of $22,854. 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. The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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. During the year ended June 30, 2021, BHP converted the entire principal of $60,500, accrued interest payable of $3,872 and conversion fees of $500 into common shares of the Company, extinguishing the debt in full. As of June 30, 2020, the debt discount had been amortized in full to interest expense. On March 4, 2020, the Company entered into a seventh convertible promissory note with Armada in the principal amount of $88,000, with an original issue discount of $8,000. The note matures on March 4, 2021, and bears interest at 8%. A debt discount of $41,408 was recorded, including a derivative liability of $33,408. Armada has the right beginning on the date that is 181 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock. The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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. During the year ended June 30, 2021, Armada converted the entire principal of $88,000, accrued interest payable of $3,808 and conversion fees of $1,500 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense. On July 6, 2020, the Company entered into a convertible promissory note with JSJ Investments Inc. (“JSJ”) in the principal amount of $77,000. The note matures on July 6, 2021, and bears interest at 8%. A debt discount $44,617 was recorded, including a derivative liability of $42,617. JSJ 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. The conversion price is 70% of the average of the three 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. During the year ended June 30, 2021, JSJ converted the entire principal of $77,000, accrued interest payable of $3,122 and conversion fees of $300 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense. On August 4, 2020, the Company entered into a Securities Purchase Agreement with Eagle Equities, LLC (“Eagle”), providing for the issuance and sale by the Company and the purchase by Eagle of a 6% convertible note of the Company (the “Note”) in the aggregate principal amount of $ The first closing date under the Note was held on August 4, 2020, when the Company sold, and the Buyer purchased the first tranche under the Note for a $271,739 portion of the aggregate $1,086,957, resulting in proceeds to the Company of $250,000 and reflecting the OID of 8%. A subsequent closing of a second tranche of $271,739 portion of the Note was to occur on the filing of the Company’s resale registration statement under the Securities Act of 1933, as amended, covering the entire principal amount of the Note. Eagle retained the right to purchase the unfunded balance of the Note through February 4, 2022, provided that each purchase must be in an amount of not less than $108,696 ($100,000 after the OID). On October 22, 2020, the Company closed the second tranche of the Note after the Company filing the required Form S-1 registration statement. The second tranche was for $271,739, with proceeds to the Company of $250,000 net of the original issue discount. The Note was to mature on February 4, 2022 and bore interest at 6%. Eagle had the right at any time to convert principal and accrued interest into shares of the Company’s common stock. The conversion price was 70% of the lowest closing bid price of the Company’s common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion. A debt discount $139,943 was recorded for the first tranche, including a derivative liability of $112,204. During the year ended June 30, 2021, Eagle converted the entire principal of the first tranche of $271,739 and accrued interest payable of $4,155 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense. A debt discount $131,378 was recorded for the second tranche, including a derivative liability of $103,639. During the year ended June 30, 2021, Eagle converted the entire principal of the second tranche of $271,739 and accrued interest payable of $8,877 into common shares of the Company, extinguishing the debt in full. As of June 30, 2021, the debt discount had been amortized in full to interest expense.

ACCOUNTS PAYABLE

ACCOUNTS PAYABLE	12 Months Ended
	Jun. 30, 2021
ACCOUNTS PAYABLE
8. ACCOUNTS PAYABLE	During the year ended June 30, 2021, the Company settled certain accounts payable and recorded a gain on settlement of accounts payable of $9,125, consisting of accounts payable balances totaling $14,014 net of a loss of $4,889 on common shares issued for settlement of accounts payable of $4,889 (see Note 11).

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Jun. 30, 2021
NOTES PAYABLE
9. NOTES PAYABLE	With an effective date of April 20, 2020, a loan to the Company was approved under the terms and conditions of the Paycheck Protection Program (“PPP”) of the United States Small Business Administration (“SBA”) and the CARES Act (2020) (H.R. 748) (15 U.S.C. 636 et seq.) (the “Act”) in the amount of $7,583. The loan matures 24 months from inception, bears interest at 1% and had a balance of $7,583 as of June 30, 2021 and 2020. The loan may be forgiven pursuant to the provisions of the Act. In August and September 2020, the Company entered into two agreements for the purchase of digital mining equipment with Wattum Management Inc. resulting in two promissory notes in the principal amounts of $17,822 and $40,000. The notes are secured by the equipment purchased and bear interest at 10%. The $17,822 note is payable in twelve equal consecutive monthly installments of $1,567 and matures in September 2021. The note had a principal balance of $6,947 as of June 30, 2021. The $40,000 note is payable in twelve equal consecutive monthly installments of $3,516 and matures in August 2021. The note had a principal balance of $4,623 as of June 30, 2021.

MEZZANINE

MEZZANINE	12 Months Ended
	Jun. 30, 2021
MEZZANINE
10. MEZZANINE	Series C Preferred Stock Effective January 14, 2021, the Company filed a Certificate of Designation of the Series C Convertible Preferred Stock with the Nevada Secretary of State. The Company has authorized the issuance of an aggregate of 3,000 shares of the Series C preferred stock. Each share of Series C preferred stock has a par value of $0.001 per share and a stated value of $1,100 per share. The shares of Series C preferred stock are convertible into shares of the Company’s common stock at a conversion price of $0.068 per share. Each share of the Series C preferred stock is entitled to receive cumulative dividends of 12% per annum, payable monthly and accruing and compounding daily from the date of issuance of the shares. Dividends may be paid in cash or in shares of Series C preferred stock at the discretion of the Company. As of June 30, 2021, the Company accrued Series C preferred stock dividends of $61,098. The Company, at its sole discretion, has the right to redeem all, but not less than all, shares of the Series C preferred stock issued and outstanding upon 5 days’ notice at a defined redemption price. The holders of the Series C preferred stock do not have a right to put the shares to the Company. The holders of the Series C 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. On January 14, 2021, the Company entered into a Securities Purchase Agreement (the “Series C Agreement”) with BHP Capital NY, Inc. (“BHP”), providing for the issuance and sale by the Company and the purchase by BHP of newly designated shares of Series C Convertible preferred stock issued by the Company at a purchase price per share of $1,000. The first closing under the Series C Agreement was held on January 22, 2021, at which the Company sold, and BHP purchased 750 shares of Series C preferred stock for $750,000. The Company received net proceeds of $740,000 after payment of legal fees. The Company also on that date issued 2,000,000 shares of its common stock to BHP as equity incentive shares, which shares were valued at $295,000 based on the closing market price of the Company’s common stock and recorded to accumulated deficit as a deemed dividend. Effective February 5, 2021, BHP purchased a second tranche consisting of 375,000 shares of Series C preferred stock for $375,000. As an equity incentive to this purchase of Series C preferred stock, the Company issued 1,000,000 shares of the Company’s common stock to BHP, which shares were valued at $89,100 based on the closing market price of the Company’s common stock and recorded to accumulated deficit as a deemed dividend. In addition to the requirement of the Company to cause a registration statement covering the shares issued to be declared effective by the SEC within 180 days, the Series C Agreement and the terms of the Series C Certificate of Designation contain multiple defined triggering events or events of default that may require the Company to redeem in cash the Series C preferred stock. Such events include, but are not limited to the following: (i) the suspension, cessation from trading or delisting of the Company’s Common Stock on the Principal Market for a period of two (2) consecutive trading days or more; (ii) the failure by the Company to timely comply with the reporting requirements of the Exchange Act (including applicable extension periods); (iii) the failure for any reason by the Company to issue Commitment Shares, Dividends or Conversion Shares to the Purchaser within three trading days; (iv) the Company breaches any representation warranty, covenant or other term of condition contained in the definitive agreements between the parties; (v) the Company files for Bankruptcy or receivership or any money judgment writ, liquidation or a similar process is entered by or filed against the Company for more than $50,000 and remains unvacated, unbonded or unstayed for a period of twenty (20) calendar days; (vi) conduct its business; (vii) the Company shall lose the “bid” price for its Common stock on the Principal Market; (viii) if at any time the Common Stock is no longer DWAC eligible; (ix) the Company must have a registration statement covering the Preferred Shares declared effective by the SEC within one hundred eighty (180) days of the Effective Date hereof; (x) the Company must complete deposits to secure power supply contracts and purchase mining equipment within ninety (90) days from the Effective Date hereof; (xi) the Company shall cooperate and provide the necessary information for the Purchaser to file the appropriate UCC filings to be filed promptly after each of the pieces of mining equipment is purchased as required under section (x) of this section, giving Purchaser a priority lien on any and all said purchased mining equipment; and (xii) any other event specifically listed as an Event of Default under any section in the Transaction Documents. As of June 30, 2021, 1,125 shares of Series C preferred stock were issued and outstanding and recorded at stated value as mezzanine due to certain default provisions requiring mandatory cash redemption that are outside the control of the Company. Series D Preferred Stock On February 19, 2021, the Company filed a Certificate of Designation of the Series D Convertible Preferred Stock with the Nevada Secretary of State authorizing the issuance of an aggregate of 4,000 shares of the Series D preferred stock. Each share of Series D preferred stock has a par value of $0.001 per share and a stated value of $1,100 per share. The shares of Series D preferred stock are convertible into shares of the Company’s common stock at a conversion price of $0.30 per share. Each share of the Series D preferred stock is entitled to receive cumulative dividends of 12% per annum, payable monthly and accruing and compounding daily from the date of issuance of the shares. Dividends may be paid in cash or in shares of Series D preferred stock at the discretion of the Company. As of June 30, 2021, the Company accrued Series D preferred stock dividends of $132,835. The Company, at its sole discretion, has the right to redeem all, but not less than all, shares of the Series D preferred stock issued and outstanding upon 5 days’ notice at a defined redemption price. The holders of the Series D preferred stock do not have a right to put the shares to the Company. The holders of the Series D 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. On February 18, 2021, the Company entered into a Securities Purchase Agreement, dated as of February 18, 2021 (the “Series D Agreement”) with BHP providing for the issuance and sale by the Company and the purchase by BHP of shares of Series D preferred stock. At a closing held February 19, 2021, BHP initially purchased 3,000 shares of Series D preferred stock at a price of $1,000 per share for a total purchase price of $3,000,000. Included in the purchase price was a five-year warrant granting BHP the right to purchase up to one hundred percent (100%) warrant coverage, exercisable into shares of the Company’s common stock at a per share $0.60 per share. Warrants exercisable for 11,000,000 common shares were issued. In addition to the requirement of the Company to cause a registration statement covering the shares issued to be declared effective by the SEC within 180 days, the Series D Agreement and the terms of the Series D Certificate of Designation contain multiple defined triggering events or events of default that may require the Company to redeem in cash the Series D preferred stock. Such events include, but are not limited to the following: (i) the suspension, cessation from trading or delisting of the Company’s Common Stock on the Principal Market for a period of two (2) consecutive trading days or more; (ii) the failure by the Company to timely comply with the reporting requirements of the Exchange Act (including applicable extension periods); (iii) the failure for any reason by the Company to issue Commitment Shares, Dividends or Conversion Shares to the Purchaser within three trading days; (iv) the Company breaches any representation warranty, covenant or other term of condition contained in the definitive agreements between the parties; (v) the Company files for Bankruptcy or receivership or any money judgment writ, liquidation or a similar process is entered by or filed against the Company for more than $50,000 and remains unvacated, unbonded or unstayed for a period of twenty (20) calendar days; (vi) conduct its business; (vii) the Company shall lose the “bid” price for its Common stock on the Principal Market; (viii) if at any time the Common Stock is no longer DWAC eligible; (ix) the Company must have a registration statement covering the Preferred Shares declared effective by the SEC within one hundred eighty (180) days of the Effective Date hereof; (x) the Company must complete deposits to secure power supply contracts and purchase mining equipment within ninety (90) days from the Effective Date hereof; (xi) the Company shall cooperate and provide the necessary information for the Purchaser to file the appropriate UCC filings to be filed promptly after each of the pieces of mining equipment is purchased as required under section (x) of this section, giving Purchaser a priority lien on any and all said purchased mining equipment; and (xii) any other event specifically listed as an Event of Default under any section in the Transaction Documents. As of June 30, 2021, 3,000 shares of Series D preferred stock were issued and outstanding and recorded as mezzanine due to certain default provisions requiring mandatory cash redemption that are outside the control of the Company.

STOCKHOLDERS EQUITY (DEFICIT)

STOCKHOLDERS EQUITY (DEFICIT)	12 Months Ended
	Jun. 30, 2021
STOCKHOLDERS EQUITY (DEFICIT)
11. STOCKHOLDERS' EQUITY (DEFICIT)	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. Series A Preferred Stock 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, 2021 and 2020, which were issued in March 2015 to members of the Company’s 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 Company’s 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 number of authorized Series B preferred stock was later increased to 1,000,000 shares. The Company had 727,370 and 430,000 shares issued and outstanding as of June 30, 2021 and 2020, respectively. 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. In February 2020, Mr. Rubakh returned 3,000,000 shares of the Company’s common stock and was issued 30,000 shares of the Company’s Series B preferred stock which were previously surrendered in the April 2019 conversion. The common shares were canceled, and the transaction was recorded at the par value of the common and Series B preferred stock. During the year ended June 30, 2021, the Company issued to Mr. Rubakh 350,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $16,537,500, using the closing market price of the Company’s common stock on that date. During the year ended June 30, 2020, the Company issued to Mr. Rubakh 100,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $120,000, using the closing market price of the Company’s common stock on that date. In February 2021, Mr. Rubakh converted 52,630 shares of Series B preferred stock into 5,263,000 shares of common stock in a transaction recorded at the par value of the shares. 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 194,487,662 and 103,164,460 common shares issued and outstanding as of June 30, 2021 and 2020, respectively. During the year ended June 30, 2021, the Company issued a total of 91,323,202 shares of its common stock: 30,000,000 shares issued for cash of $8,135,000; 52,723,031 shares in conversion of $960,311 note principal, $34,258 accrued interest payable, and $5,300 in fees; 55,555 shares in the repayment of a stock subscription payable of $33,888, 281,616 shares for services valued at $49,149; 5,263,000 shares issued in conversion of Series B preferred stock recorded at par value of $5,263; and 3,000,000 shares issued as equity incentive shares in the sale of Series C and D preferred stock recorded at total market value of $384,100 and recorded as a cost of capital. No gain or loss was recorded as the conversions were completed within the terms of the debt agreements and the transactions resulted in the extinguishment of derivative liabilities totaling $466,093. During the year ended June 30, 2020, the Company issued a total of 76,340,273 shares of its common stock: 8,000,000 shares valued at $479,800 were issued pursuant to a Preferred Stock Asset Agreement entered into on May 21, 2019 and a total of 68,340,273 shares valued at $999,479 were issued in conversion of $944,192 note principal, $43,695 accrued interest payable, $7,000 in fees and loss on conversion of debt of $4,592, resulting in the extinguishment of derivative liabilities totaling $461,236. In addition, as discussed above, Mr. Rubakh returned 3,000,000 shares of the Company’s common stock and was issued 30,000 shares of the Company’s Series B preferred stock. The common shares returned were previously issued to Mr. Rubakh in conversion of 30,000 shares of Series B preferred stock. The common shares were canceled, and the transaction was recorded at the par value of the common and Series B preferred stock. On March 30, 2021, the Company entered into securities purchase agreements (the “Purchase Agreements”) with two institutional investors (the “Purchasers”), for the offering (the “Offering”) of (i) 30,000,000 shares of common stock (“Shares”), par value $0.001 per share, of the Company (“Common Stock”) and (ii) common stock purchase warrants (“Warrants”) to purchase up to an aggregate of 30,000,000 shares of Common Stock, which are exercisable for a period of five years after issuance at an initial exercise price of $0.30 per share, subject to certain adjustments, as provided in the Warrants. Each of the Purchasers received Warrants in the amount equal to 100% of the number of Shares purchased by such Purchaser. Each Share and accompanying Warrant were offered at a combined offering price of $0.30. Pursuant to the Purchase Agreements, the Purchasers purchased the Shares and accompanying Warrants for an aggregate purchase price of $9,000,000. The transaction closed on April 1, 2021, with the Company receiving proceeds of $8,135,000 after payment of expenses. Common Stock Payable As of June 30, 2021, the Company was obligated to issue a total of 8,000,000 shares of its common stock to two consultants (see Note 13) and recorded a common stock payable of $5,480,000, based on the market value of the common shares on the date of the consulting agreements.

WARRANTS

WARRANTS	12 Months Ended
	Jun. 30, 2021
WARRANTS
12. WARRANTS	As discussed in Note 9, the Company issued warrants in February 2021 to purchase 11,000,000 shares of its common stock in connection with the sale of Series D preferred stock. Also as discussed in Note 10, the Company issued warrants to purchase 30,000,000 warrants in April 2021 in connection with the sale of common stock. A summary of the Company’s warrants as of June 30, 2021, and changes during the year then ended is as follows: Weighted Average Outstanding at June 30, 2020 - $ - Granted 41,000,000 $ 0.30 Exercised - $ - Forfeited or expired - $ - Outstanding and exercisable at June 30, 2021 41,000,000 $ 0.30 4.72 $ - The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the closing price of our common stock of $0.2037 as of June 30, 2021, which would have been received by the holders of in-the-money warrants had the holders exercised their warrants as of that date.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2021
COMMITMENTS AND CONTINGENCIES
13. 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. Operating Leases As of June 30, 2021, the Company had no obligation for future lease payments under non-cancelable operating leases. However, the Company has entered into two agreements described below related to its crypto currency mining operations pursuant to which the Company’s sole obligation is to pay monthly a contractual rate per kilowatt hour of electricity consumed. PetaWatt Agreements Power Supply and Purchase Agreement In May 2019, the Company consolidated its then cryptocurrency operations in one facility in Carthage, New York. The Carthage power supply and purchase agreement with PetaWatt Properties, LLC (“PetaWatt”) was entered into on May 10, 2019 for an initial term of 90 days, with an option to continue the agreement for a subsequent 36 months, which option the Company has exercised. The Company’s sole obligation under the agreement is to pay monthly a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations. This agreement was superseded on May 7, 2021 with a new Lease, Hosting, and Energy Services Agreement with PetaWatt. Lease, Hosting, and Energy Services Agreement On May 7, 2021, the Company and PetaWatt entered into a Lease, Hosting and Energy Services Agreement for the Carthage, New York facility for a period of 36 months. The Company’s sole obligation under the agreement is to pay monthly a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations. The agreement may also be expanded to include up to 7 mobile mining containers. The Company made a prepayment of $300,000 upon signing the agreement, to be drawn down with monthly invoices submitted to the Company by PetaWatt. As of June 30, 2021, the remaining prepayment balance was $193,870, which amount was included in prepaid expenses and other current assets in the accompanying balance sheet. Compute North Master Agreement On March 8, 2021, the Company and Compute North LLC (“Compute North”) entered into a Master Agreement for the colocation and management of the Company’s cryptocurrency mining operations. The Company submits Order Forms to Compute North to determine the location of the hosted facilities, the number of cryptocurrency miners, the term of the services provided and the contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations. The agreement also provides the Company the option to purchase cryptocurrency mining equipment from Compute North. The initial Order form was for 425 miners in Kearney, Nebraska for a term of 3 years and 250 miners in Savoy, Texas for a term of 3 years. The parties subsequently consolidated the cryptocurrency mining operations in the Kearney, Nebraska facility. Through June 30, 2021, the Company paid set up fees of $37,931 with its ongoing obligation under the agreement to pay monthly a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations. Nebraska operations commenced in September 2021. Management Agreements On February 21, 2021, the Company entered into two Management Agreements with consultants, each for a term of 120 days, to provide guidance for financing, corporate structure, contracts, mergers and acquisitions and general corporate consulting. Either party may terminate the agreements immediately upon written notice. The Company is to pay the consultants consulting fees comprised of a total of 8,000,000 shares of the Company’s common stock, which shares were issued in July 2021 (see Notes 11 and 16).

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	12 Months Ended
	Jun. 30, 2021
DERIVATIVE LIABILITIES
14. DERIVATIVE LIABILITIES	The Company issued convertible notes payable, warrants and certain preferred stock with put back rights and has entered into exchange and subscription agreements that contained certain provisions that were identified as derivatives. As of June 30, 2020, the Company determined that the number of common shares to be issued under these agreements was indeterminate; therefore, the Company concluded that the equity environment was tainted and all additional warrants, stock options convertible debt and obligations to issue common shares were included in the value of derivative liabilities. During the year ended June 30, 2021, the obligations under these agreements were extinguished in full and no derivative liabilities were recorded as of June 30, 2021. 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. 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. During the years ended June 30, 2021 and 2020, the Company had the following activity in its derivative liabilities: Convertible Exchange Agreement Common Stock Subscription Derivative liabilities at June 30, 2019 $ 382,052 $ 1,227,200 $ 8,522 $ 1,617,774 Addition to liabilities for new debt/subscription 270,354 - - 270,354 Decrease due to conversions/assignments (461,236 ) (479,800 ) - (941,036 ) Change in fair value (27,505 ) (747,400 ) (7,353 ) (782,258 ) Derivative liabilities at June 30, 2020 163,665 - 1,169 164,834 Addition to liabilities for new debt/subscription 258,460 - - 258,460 Decrease due to conversions/assignments (466,093 ) - (33,888 ) (499,981 ) Change in fair value 43,968 - 32,719 76,687 Derivative liabilities at June 30, 2021 $ - $ - $ - $ -

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2021
INCOME TAXES
15. INCOME TAXES	For the years ended June 30, 2021 and 2020, there was no provision for income taxes and deferred tax assets have been entirely offset by valuation allowances. As of June 30, 2021, the Company has net operating loss carry forwards of approximately $2,374,000 that expire through the year 2039. 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, 2021 2020 Tax benefit at the statutory rate $ (4,710,947 ) $ (227,173 ) State income taxes, net of federal income tax benefit (210,324 ) 410,032 Non-deductible items 4,787,602 187,821 Non-taxable items - (165,664 ) Change in valuation allowance 133,669 (205,016 ) 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 2020 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, 2021 and 2020, respectively, are as follows: June 30, 2021 2020 Net operating loss carryforward $ 498,610 $ 632,279 Less valuation allowance (498,610 ) (632,279 ) 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, 2021 and 2020 were fully offset by a 100% valuation allowance.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2021
SUBSEQUENT EVENTS
16. SUBSEQUENT EVENTS	Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following: Issuances of Common Shares On July 6, 2021, the Company issued a total of 8,000,000 shares of its common stock as compensation under two Management Agreements (see Notes 11 and 13) and extinguished a common stock payable of $5,480,000 recorded as of June 30, 2021. On August 16, 2021, the Company issued 2,473,700 shares of common stock to Steve Rubakh for the conversion of 24,737 shares of Series B preferred stock. The common shares issued were valued at par value of $2,474. Equipment Deposits Subsequent to June 30, 2021, the Company made equipment prepayments totaling $2,876,256 to Bitmain pursuant to the Bitmain Agreement and received reimbursements totaling $1,984,352 from Wattum (see Note 5). Mobile Mining Containers On July 6, 2021, the Company terminated an agreement entered into on February 10, 2021 to purchase seven mobile mining containers. On September 3, 2021, the Company executed a manufacturing and purchase agreement for two forty-foot mobile mining containers capable of hosting over 700 miners, with an estimated delivery date of November 10, 2021.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2021
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 at times may exceed federally insured limits. For 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, 2020.
Digital Currencies	Digital currencies consist of Bitcoin, Litecoin, ZCash and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services, and other digital currencies including Chainlink and Quant purchased for short-term investment and trading purposes. 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
Property and Equipment	Property and equipment, consisting primarily of computer and other cryptocurrency mining equipment (transaction verification servers), 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. 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. During the years ended June 30, 2021 and 2020, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $238,363 and $162,451, respectively, to loss on disposition of property and equipment. 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 management’s 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 management’s 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. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits.
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, 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 management’s 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. We reported no impairment expense for the years ended June 30, 2021 and 2020.
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, 2021 and 2020, the amounts reported for cash, prepaid expenses and other current assets, equipment deposits, accounts payable, accrued preferred stock dividends, accrued expenses, due to related party and notes payable 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 derivative liabilities are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 June 30, 2021: Derivative liabilities $ - $ - $ - $ - Total liabilities measured at fair value $ - $ - $ - $ - June 30, 2020: Derivative liabilities $ 164,834 $ - $ - $ 164,834 Total liabilities measured at fair value $ 164,834 $ - $ - $ 164,834
Mezzanine	Series C and D preferred stock that contain certain default provisions requiring mandatory cash redemption that are outside the control of the Company are recorded as Mezzanine in the accompanying balance sheets.
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	We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers 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, ZCash 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 Company’s verification service. In consideration for these services, the Company receives digital currencies, net of applicable network fees, 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 Company’s 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 Company’s 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, 2021 and 2020, 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	There were no new accounting pronouncements issued or proposed by the FASB during the year ended June 30, 2021 and through the date of filing this report which the Company believes will have a material impact on its financial statements.
Reclassifications	Certain amounts in the financial statements for the year ended June 30, 2020 have been reclassified to conform to the presentation for the year ended June 30, 2021.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Fair value of derivative liabilities	Total Level 1 Level 2 Level 3 June 30, 2021: Derivative liabilities $ - $ - $ - $ - Total liabilities measured at fair value $ - $ - $ - $ - June 30, 2020: Derivative liabilities $ 164,834 $ - $ - $ 164,834 Total liabilities measured at fair value $ 164,834 $ - $ - $ 164,834

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Jun. 30, 2021
PROPERTY AND EQUIPMENT (Tables)
Schedule of Property and equipment	2021 2020 Cryptocurrency mining equipment $ 3,664,573 $ 1,242,397 Furniture and equipment 16,366 16,366 Total 3,680,939 1,258,763 Less accumulated depreciation and amortization (521,416 ) (805,421 ) Net $ 3,159,523 $ 453,342

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	12 Months Ended
	Jun. 30, 2021
CONVERTIBLE NOTES PAYABLE
Schedule of convertible notes payable	Debt Principal Discount Net BHP Capital NY, Inc. #4 $ 66,000 $ 13,193 $ 52,807 Armada Investment Fund, LLC #5 20,000 2,739 17,261 Armada Investment Fund, LLC #6 22,000 4,167 17,833 BHP Capital NY, Inc. #5 83,333 21,141 62,192 BHP Capital NY, Inc. #6 60,500 19,188 41,312 Armada Investment Fund, LLC #7 88,000 28,021 59,979 Total $ 339,833 $ 88,449 $ 251,384

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Jun. 30, 2021
WARRANTS (Tables)
Schedule of warrants table	Weighted Average Outstanding at June 30, 2020 - $ - Granted 41,000,000 $ 0.30 Exercised - $ - Forfeited or expired - $ - Outstanding and exercisable at June 30, 2021 41,000,000 $ 0.30 4.72 $ -

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2021
DERIVATIVE LIABILITIES
Schedule of derivative liabilities	Convertible Exchange Agreement Common Stock Subscription Derivative liabilities at June 30, 2019 $ 382,052 $ 1,227,200 $ 8,522 $ 1,617,774 Addition to liabilities for new debt/subscription 270,354 - - 270,354 Decrease due to conversions/assignments (461,236 ) (479,800 ) - (941,036 ) Change in fair value (27,505 ) (747,400 ) (7,353 ) (782,258 ) Derivative liabilities at June 30, 2020 163,665 - 1,169 164,834 Addition to liabilities for new debt/subscription 258,460 - - 258,460 Decrease due to conversions/assignments (466,093 ) - (33,888 ) (499,981 ) Change in fair value 43,968 - 32,719 76,687 Derivative liabilities at June 30, 2021 $ - $ - $ - $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2021
INCOME TAXES
Schedule of federal income tax	Years Ended June 30, 2021 2020 Tax benefit at the statutory rate $ (4,710,947 ) $ (227,173 ) State income taxes, net of federal income tax benefit (210,324 ) 410,032 Non-deductible items 4,787,602 187,821 Non-taxable items - (165,664 ) Change in valuation allowance 133,669 (205,016 ) Total $ - $ -
Schedule of deferred tax	June 30, 2021 2020 Net operating loss carryforward $ 498,610 $ 632,279 Less valuation allowance (498,610 ) (632,279 ) Net $ - $ -

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Derivative liabilities	$ 0	$ 164,834
Total liabilities measured at fair value	0	164,834
Level 1 [Member]
Derivative liabilities	0	0
Total liabilities measured at fair value	0	0
Level 2 [Member]
Derivative liabilities	0	0
Total liabilities measured at fair value	0	0
Level 3 [Member]
Derivative liabilities	0	164,834
Total liabilities measured at fair value	$ 0	$ 164,834

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Realized gain (loss) on digital currencies	$ 22,948	$ 5,884
Cryptocurrency mining revenues	1,793,316	435,740
Loss on disposition of property and equipment	$ (238,363)	$ (162,451)

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
GOING CONCERN
Net cash used in operating activities	$ (1,567,715)	$ (671,101)
Accumulated deficit	$ (45,076,096)	$ (22,064,982)

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Property and Equipment, Total	$ 3,680,939	$ 1,258,763
Less accumulated depreciation and amortization	(521,416)	(805,421)
Property and Equipment, Net	3,159,523	453,342
Cryptocurrency mining equipment [Member]
Property and Equipment, Total	3,664,573	1,242,397
Furniture and equipment [Member]
Property and Equipment, Total	$ 16,366	$ 16,366

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
PROPERTY AND EQUIPMENT
Wrote off non-serviceable, defective mining equipment	$ 238,363	$ 162,451
Depreciation and amortization expense	$ 408,802	$ 575,210

EQUIPMENT DEPOSITS (Details Nar

EQUIPMENT DEPOSITS (Details Narrative) - USD ($)	Apr. 12, 2021	Feb. 28, 2021	Jun. 30, 2021	Jun. 30, 2020
Total purchase	$ 34,047,600
Purchase, Description	The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable monthly starting in June 2021.
Cryptocurrency mining, Description	12 equal batches of 400 units, starting in August 2021 and through July 2022
Equipment deposits			$ 7,663,265	$ 0
Bitmain Agreement [Member]
Equipment deposits			7,663,265	$ 0
Purchase obligation percentage	50.00%
Reimbursing equipment deposits	50.00%
Reimbursements amount, net			$ 6,554,190
Canaan Convey Co. LTD [Member]
Prepaid expenses		$ 990,000
Cryptocurrency miners units		250
Cryptocurrency miners units undelivered			250

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended				3 Months Ended		12 Months Ended
	Feb. 28, 2021	Feb. 19, 2021	Feb. 28, 2020	Apr. 30, 2019	Jun. 30, 2021	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Related party stock-based compensation					$ 16,537,500	$ 120,000	$ 16,537,500	$ 120,000
Due to related party					29,357		29,357	$ 122,907
Mr. Rubakh [Member]
Annual compensation					250,000		250,000		$ 150,000
Bonus					50,000		$ 50,000
Mr. Rubakh [Member] | Common Shares [Member]
Issuance of common stock for conversion of Series B preferred stock, shares	5,263,000	5,263,000
Mr. Rubakh [Member] | Preferred Stock Series B [Member]
Issuance of common stock for conversion of Series B preferred stock, shares	52,630	52,630		30,000
Issuance of Series B preferred stock for officer compensation, shares				30,000,000			350,000	100,000
Related party stock-based compensation							$ 16,537,500	$ 120,000
Converted shares				300,000
Conversion description							Each share of Series B preferred stock is convertible into 100 shares of the Company’s common stock.
Salary expense							$ 225,000	150,000
Returned shares			3,000,000
Issued surrendered shares			30,000
Due to related party					$ 29,357		$ 29,357	$ 122,907

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Principal		$ 339,833
Debt Discount		88,449
Net	$ 0	251,384
Convertible Notes Payable [Member] | Armada Investment Fund, LLC #7 [Member]
Net		59,979
Principal		88,000
Debt Discount		28,021
Convertible Notes Payable [Member] | BHP Capital NY, Inc. #6 [Member]
Net		41,312
Principal		60,500
Debt Discount		19,188
Convertible Notes Payable [Member] | BHP Capital NY, Inc. #5 [Member]
Net		62,192
Principal		83,333
Debt Discount		21,141
Convertible Notes Payable [Member] | Armada Investment Fund, LLC #6 [Member]
Net		17,833
Principal		22,000
Debt Discount		4,167
Convertible Notes Payable [Member] | Armada Investment Fund, LLC #5 [Member]
Net		17,261
Principal		20,000
Debt Discount		2,739
Convertible Notes Payable [Member] | BHP Capital NY, Inc. #4 [Member]
Net		52,807
Principal		66,000
Debt Discount		$ 13,193

CONVERTIBLE NOTES PAYABLE (De_2

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	Apr. 12, 2021	Aug. 04, 2020	Jul. 06, 2020	Mar. 04, 2020	Oct. 22, 2020	Feb. 20, 2020	Nov. 21, 2019	Jun. 30, 2021	Jun. 30, 2020
Interest payable								$ 3,014	$ 1,160
Proceeds from notes payable								0	7,583
Original issue discount								0	$ 4,592
Debt conversion converted instrument, principal amount								$ 999,869
Purchase Agreement description	The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable monthly starting in June 2021.
Securities Purchase Agreement with Eagle Equities, LLC [Member]
Interest rate		8.00%						6.00%
Purchase Agreement description		Eagle has retained the right to purchase the unfunded balance of the Note through February 4, 2022, provided that each purchase must be in an amount of not less than $108,696 ($100,000 after the OID).
Aggregate purchase price		$ 1,000,000
February 4, 2022 [Member]
Interest rate								6.00%
Derivative liability								$ 112,204
Conversion price								70.00%
Purchase Agreement description								Eagle has retained the right to purchase the unfunded balance of the Note through February 4, 2022, provided that each purchase must be in an amount of not less than $108,696 ($100,000 after the OID).
Amortization of debt discount								$ 37,981
Debt discount in first tranche								139,943
December 2, 2019 [Member]
Derivative liability								$ 66,000
BHP [Member] | December 2, 2019 [Member] | Fourth Convertible Promissory Note [Member]
Interest rate								8.00%
Derivative liability								$ 24,153
Principal amount								$ 66,000
Maturity date								Dec. 2, 2020
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
Conversion price, description								The conversion price is 70% of the average of the three lowest trading prices (lowest bid 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.
Original issue discount								$ 6,000
Conversion of fees into common stock								1,000
Debt discount and premium								31,153
Accrued interest								3,467
Seventh Convertible Promissory Note [Member] | Armada [Member]
Interest rate				8.00%
Derivative liability				$ 33,408
Principal amount				88,000
Debt discount				$ 41,408
Maturity date				Mar. 4, 2021
Terms of conversion feature				Armada has the right beginning on the date that is 181 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock.
Conversion price, description				The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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.
Original issue discount				$ 8,000
Conversion of fees into common stock								1,500
Debt conversion converted instrument, accrued interest								3,808
Debt conversion converted instrument, principal amount								88,000
Sixth Convertible Promissory Note [Member] | Armada [Member]
Interest rate							8.00%
Derivative liability							$ 8,090
Principal amount							22,000	22,000
Debt discount							$ 10,590
Maturity date							Nov. 21, 2020
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
Original issue discount							$ 2,000
Conversion of fees into common stock								500
Accrued interest								1,109
Conversions price, description							The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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.
Sixth Convertible Promissory Note [Member] | BHP [Member]
Interest rate				8.00%
Derivative liability				$ 22,854
Principal amount				60,500
Debt discount				$ 28,354
Maturity date				Mar. 4, 2021
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
Conversion price, description				The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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.
Original issue discount				$ 5,500
Conversion of fees into common stock								500
Debt conversion converted instrument, accrued interest								3,872
Debt conversion converted instrument, principal amount								$ 60,500
Fifth Convertible Promissory Note [Member] | November 1, 2020 [Member] | Fourth Armada Note [Member]
Interest rate								8.00%
Principal amount								$ 20,000
Debt discount								$ 8,082
Conversion price, description								The conversion price is 70% of the average of the five lowest trading prices (lowest bid 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.
Conversion of fees into common stock								$ 500
Accrued interest								1,184
Fifth Convertible Promissory Note [Member] | November 1, 2019 [Member] | Fourth Armada Note [Member]
Principal amount								20,000
Fifth Convertible Promissory Note [Member] | BHP [Member]
Interest rate						8.00%
Derivative liability						$ 30,674
Principal amount						83,333
Debt discount						$ 40,507
Maturity date						Nov. 20, 2020
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
Conversion price, description						The conversion price is 70% of the average of the three lowest trading prices (lowest bid 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.
Original issue discount						$ 8,333
Conversion of fees into common stock								1,000
Debt conversion converted instrument, accrued interest								4,663
Debt conversion converted instrument, principal amount								83,333
JSJ Investments Inc [Member]
Interest payable								3,122
Interest rate		8.00%	8.00%
Derivative liability			$ 42,617
Principal amount		$ 1,086,957	77,000					77,000
Debt discount		1,000,000	$ 44,617
Maturity date			Jul. 6, 2021
Terms of conversion feature			JSJ 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.
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 fifteen trading days ending on the latest complete trading day prior to the date of conversion.
Debt beneficial. Conversion fees								300
Second Tranche 1 [Member]
Original principal balance					$ 271,739
First Tranche [Member] | Long-Term Convertible Note [Member]
Original principal balance								271,739
Debt discount								139,943
Amount recevaviable under first tranche		$ 271,739
Interest payable								4,155
Second Tranche [Member]
Original principal balance					271,739
Debt discount					$ 250,000			131,378
Interest payable								8,877
Interest rate		8.00%
Derivative liability								$ 103,639
Proceeds from notes payable		$ 250,000
Second Tranche [Member] | Long-Term Convertible Note [Member]
Original principal balance		$ 271,739

ACCOUNTS PAYABLE (Details Narra

ACCOUNTS PAYABLE (Details Narrative)	12 Months Ended
	Jun. 30, 2021USD ($)
ACCOUNTS PAYABLE
Net loss on common shares	$ 4,889
Settlement of accounts payable	4,889
Gain on settlement of accounts payable	9,125
Total accounts payable	$ 14,014

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Notes payable	$ 19,153	$ 7,583
Debt interest rate	1.00%
Paycheck Protection Program [Member] | April 20, 2020 [Member]
Notes payable	$ 7,583	7,583
Debt interest rate	1.00%
Maurity term	2 years
Wattum Management Inc [Member] | Promissory Note One [Member]
Debt interest rate	10.00%
Debt instrument principal amount	$ 4,623	40,000
Repayment of note description	The $40,000 note is payable in twelve equal consecutive monthly installments of $3,516 and matures in August 2021.
Wattum Management Inc [Member] | Promissory Note [Member]
Debt interest rate	10.00%
Debt instrument principal amount	$ 6,947	$ 17,822
Repayment of note description	The $17,822 note is payable in twelve equal consecutive monthly installments of $1,567 and matures in September 2021.

MEZZANINE (Details Narrative)

MEZZANINE (Details Narrative) - USD ($)	Feb. 05, 2021	Jan. 14, 2021	Feb. 19, 2021	Jun. 30, 2021	Jun. 30, 2020
Common stock shares issuable upon exercise of warrants			30,000,000
Accrued Series C preferred stock dividends				$ 193,933	$ 0
Securities Purchase Agreement [Member] | BHP Capital NY, Inc [Member]
Preferred stock sold , amount		$ 750,000
Preferred stock sold		750
Description of series agreement		the Company files for Bankruptcy or receivership or any money judgment writ, liquidation or a similar process is entered by or filed against the Company for more than $50,000 and remains unvacated, unbonded or unstayed for a period of twenty (20) calendar days; (vi) conduct its business; (vii) the Company shall lose the “bid” price for its Common stock on the Principal Market; -viii if at any time the Common Stock is no longer DWAC eligible; (ix) the Company must have a registration statement covering the Preferred Shares declared effective by the SEC within one hundred eighty (180) days of the Effective Date hereof; (x) the Company must complete deposits to secure power supply contracts and purchase mining equipment within ninety (90) days from the Effective Date hereof;
Purchase price, per share		$ 1,000
Net proceeds received		$ 740,000
Shares issued, equity incentive	1,000,000	2,000,000
Shares issued, equity incentive amount	$ 89,100	$ 295,000
Tranche of series C sold	375,000
Tranche of series C sold, amount	$ 375,000
Series D Preferred Stock [Member]
Exercisable price			$ 0.60
Stock price per share			$ 1,000
Preferred stock sold , amount			$ 3,000,000
Preferred stock sold			3,000
Accrued Series D preferred stock dividends				$ 132,835
Common stock shares issuable upon exercise of warrants			11,000,000
Description of series agreement			the Company files for Bankruptcy or receivership or any money judgment writ, liquidation or a similar process is entered by or filed against the Company for more than $50,000 and remains unvacated, unbonded or unstayed for a period of twenty (20) calendar days; (vi) conduct its business; (vii) the Company shall lose the “bid” price for its Common stock on the Principal Market; -viii if at any time the Common Stock is no longer DWAC eligible; (ix) the Company must have a registration statement covering the Preferred Shares declared effective by the SEC within one hundred eighty (180) days of the Effective Date hereof; (x) the Company must complete deposits to secure power supply contracts and purchase mining equipment within ninety (90) days from the Effective Date hereof;
Preferred stock, shares authorized			4,000	4,000	4,000
Preferred stock, shares par value			$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares stated value, per share			$ 1,100
Preferred stock, shares issued				3,000	0
Preferred stock, shares outstanding				3,000	0
Series C Convertible Preferred Stock [Member]
Preferred stock, shares authorized		3,000
Preferred stock, shares par value		$ 0.001
Preferred stock, shares stated value, per share		1,100
conversion price		$ 0.068
Accrued Series C preferred stock dividends				$ 61,098
Preferred stock, shares issued				1,125
Preferred stock, shares outstanding				1,125

STOCKHOLDERS EQUITY (DEFICIT) (

STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative) - USD ($)	Jul. 06, 2021	Mar. 30, 2021	Feb. 28, 2021	Feb. 19, 2021	May 21, 2019	Apr. 30, 2019	Mar. 31, 2015	Jun. 30, 2021	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Feb. 29, 2020	Jan. 25, 2019	Dec. 21, 2015
Revised authorized preferred shares													20,000,000
Common stock, shares outstanding								194,487,662		194,487,662	103,164,460
Common stock, shares authorised								750,000,000		750,000,000	750,000,000		250,000,000
Common stock, shares issued								194,487,662		194,487,662	103,164,460
Related party stock-based compensation								$ 16,537,500	$ 120,000	$ 16,537,500	$ 120,000
Debt conversion converted instrument, principal amount										$ 999,869
Shares issued in conversion of preferred stock										999,869	723,924
Common stock issued for services										24,260
Common stock issued for services, amount										$ 24,260
Loss on conversion of debt								0	$ 10,168	0	$ (4,592)
Common stock value								$ 194,488		$ 194,488	$ 103,165
Common stock, shares par value								$ 0.001		$ 0.001	$ 0.001
Series A Preferred Stock [Member]
Preferred stock, shares authorized								1,000,000		1,000,000	1,000,000
Preferred stock, shares issued								500,000		500,000	500,000
Preferred stock, shares outstanding								500,000		500,000	500,000
Preferred stock, shares par value								$ 0.001		$ 0.001	$ 0.001
Series A Preferred Stock [Member] | Board of Directors [Member]
Common stock voting rights							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 Companys 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
Series B Preferred Stock [Member]
Preferred stock, shares authorized								1,000,000		1,000,000	1,000,000			500,000
Preferred stock, shares issued								727,370		727,370	430,000
Preferred stock, shares outstanding								727,370		727,370	430,000
Preferred stock, shares par value								$ 0.001		$ 0.001	$ 0.001			$ 0.001
Stated value														$ 0.001
Common stock shares issuable upon conversion of preferred stock														100
Common Stock [Member]
Common stock, shares issued								30,000,000		30,000,000	8,000,000
Debt conversion converted instrument, principal amount										$ 960,311
Shares issued in conversion of preferred stock										5,263,000
Common stock issued for services										281,616
Common stock issued for services, amount										$ 49,149
Loss on conversion of debt											$ 4,592
Common stock issued										91,323,202	76,340,273
Extinguishment of derivative liabilities								$ 466,093		$ 466,093	$ 461,236
Issuance of common shares in conversion of convertible notes payable, shares										52,723,031
Repayment of shares stock subscription payable										55,555
Repayment of shares stock subscription payable, amount										$ 33,888
Debt conversion converted instrument, accrued interest										34,258
Debt conversion converted instrument, conversion fees										5,300
Shares issued in conversion of preferred stock, amount										$ 5,263
Shares issued, equity incentive										3,000,000
Shares issued, equity incentive amount										$ 384,100
Common stock shares issued, value										$ 8,135,000	479,800
Mr. Rubakh [Member] | Common Shares [Member]
Issuance of common stock for conversion of Series B preferred stock, shares			5,263,000	5,263,000
Mr. Rubakh [Member] | Preferred Stock Series B [Member]
Common stock, shares issued						3,000,000		164,422,662	3,000,000	164,422,662		30,000
Related party stock-based compensation										$ 16,537,500	$ 120,000
Revised authorized common stock shares						3,000,000						3,000,000
Issuance of Series B preferred stock for officeer compensation, shares						30,000,000				350,000	100,000
Issuance of common stock for conversion of Series B preferred stock, shares			52,630	52,630		30,000
Common stock issued										30,000
Convertible Common stock issued											30,000
Issuance of common shares in conversion of convertible notes payable, shares						300,000
Purchase Agreements [Member]
Common stock, shares issued		30,000,000
Initial exercise price		$ 0.30
Common stock, shares par value		$ 0.001
Common stock purchase warrants aggregate shares		30,000,000
Warrants aggregate purchase price		$ 9,000,000
Warrant combined offering price		$ 0.30
Proceeds of payment of expenses		$ 8,135,000
Consulting Agreements [Member]
Common stock issued for services	8,000,000
Common stock payable, extinguished	$ 5,480,000
Preferred Stock Asset Agreement [Member]
Debt conversion converted instrument, principal amount					$ 944,192
Issuance of common shares in conversion of convertible notes payable, shares					68,340,273
Debt conversion converted instrument, accrued interest					$ 43,695
Debt conversion converted instrument, conversion fees					7,000
Common stock shares issued, value					$ 999,479

WARRANTS (Details)

WARRANTS (Details)	12 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Number of Warrants
Number of Warrants, Outstanding Beginning | shares	0
Number of Warrants, Granted | shares	41,000,000
Number of Warrants, Exercised | shares	0
Number of Warrants, Cancelled or expired | shares	0
Number of Warrants, Outstanding and exercisable, Ending | shares	41,000,000
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding Beginning | $ / shares	$ 0
Weighted Average Exercise Price, Granted | $ / shares	0.30
Weighted Average Exercise Price, Exercised | $ / shares	0
Weighted Average Exercise Price, Cancelled or expired | $ / shares	0
Weighted Average Exercise Price, Outstanding and exercisable Ending | $ / shares	$ 0.30
Weighted Average Remaining Contract Term
Weighted Average Remaining Contract Term, Outstanding and exercisable	4 years 8 months 19 days
Aggergate Intrinsic Value
Aggergate Intrinsic Value, Outstanding and exercisable | $	$ 0

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - $ / shares	Jun. 30, 2021	Feb. 19, 2021
Closing price of the common stock	$ 0.2037
Common stock shares issuable upon exercise of warrants		30,000,000
Series D Preferred Stock [Member]
Common stock shares issuable upon exercise of warrants		11,000,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jul. 06, 2021	May 07, 2021	Mar. 08, 2021	Feb. 21, 2021	Jun. 30, 2021	Jun. 30, 2020
Term of agreement				120 days
Common stock issued for services					24,260
New York [Member]
Operating lease term description						The Carthage power supply and purchase agreement with PetaWatt Properties, LLC (“PetaWatt”) was entered into on May 10, 2019 for an initial term of 90 days, with an option to continue the agreement for a subsequent 36 months, which option the Company has exercised
Lease, Hosting, and Energy Services Agreement [Member]
Term of agreement		36 months
Prepayments made under agreement		$ 300,000
Prepayments balance under agreement		$ 193,870
Compute North Master Agreement [Member]
Description for initial order form under agreement			The initial Order form was for 425 miners in Kearney, Nebraska for a term of 3 years and 250 miners in Savoy, Texas for a term of 3 years
Set up fees paid			$ 37,931
Management Agreements [Member] | Subsequent Event [Member]
Common stock issued for services	8,000,000

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Derivative liabilities at Beginning	$ 164,834	$ 1,617,774
Addition to liabilities for new debt/subscription	258,460	270,354
Decrease due to conversion/assignment	(499,981)	(941,036)
Change in fair value	76,687	(782,258)
Derivative liabilities at Ending	0	164,834
Common Stock Subscription [Member]
Derivative liabilities at Beginning	1,169	8,522
Decrease due to conversion/assignment	(33,888)	0
Change in fair value	32,719	(7,353)
Derivative liabilities at Ending	0	1,169
Addition to liabilities for new debt/subscription	0
Exchange Agreement [Member]
Derivative liabilities at Beginning	0	1,227,200
Decrease due to conversion/assignment	0	(479,800)
Change in fair value	0	(747,400)
Derivative liabilities at Ending	0	0
Addition to liabilities for Exchange Agreement	0	0
Convertible Notes Payable [Member]
Derivative liabilities at Beginning	163,665	382,052
Decrease due to conversion/assignment	(466,093)	(461,236)
Change in fair value	43,968	(27,505)
Derivative liabilities at Ending	0	163,665
Addition to liabilities for new debt/subscription	$ 258,460	$ 270,354

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
INCOME TAXES
Tax benefit at the statutory rate	$ (4,710,947)	$ (227,173)
State income taxes, net of federal income tax benefit	(210,324)	410,032
Non-deductible items	4,787,602	187,821
Non-taxable items	0	(165,664)
Change in valuation allowance	133,669	(205,016)
Total	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
INCOME TAXES
Net operating loss carryforward	$ 498,610	$ 632,279
Less valuation allowance	(498,610)	(632,279)
Net	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
INCOME TAXES
Net operating loss carry forwards	$ 2,374,000
Expiration year	through the year 2039
Net deferred tax assets, valuation allowance	100.00%	100.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jul. 06, 2021	Aug. 16, 2021	Jun. 30, 2021	Jun. 30, 2020
Common stock issued for services			24,260
Bitmain Agreement [Member]
Equipment prepayments			$ 2,876,256
Wattum Management Inc [Member]
Reimbursements received from related party			$ 1,984,352
Mr. Rubakh [Member] | Preferred Stock Series B [Member]
Convertible securities, shares converted				30,000
Subsequent Event [Member] | Mr. Rubakh [Member] | Preferred Stock Series B [Member]
Common stock shares issued upon conversion of convertible securities		2,473,700
Common stock value issued upon conversion of convertible securities		$ 2,474
Convertible securities, shares converted		24,737
Subsequent Event [Member] | Management Agreements [Member]
Common stock payable, extinguished	$ 5,480,000
Common stock issued for services	8,000,000