Integrated Ventures (INTV) 10-Q 14 Feb 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2022	Feb. 09, 2023
Cover [Abstract]
Entity Registrant Name	INTEGRATED VENTURES, INC.
Entity Central Index Key	0001520118
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		265,311,561
Document Quarterly Report	true
Entity File Number	000-55681
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	82-1725385
Entity Interactive Data Current	Yes
Entity Address Address Line 1	18385 Route 287
Entity Address City Or Town	Tioga
Entity Address State Or Province	PA
Entity Address Postal Zip Code	16946
City Area Code	215
Local Phone Number	613-9898
Security 12b Title	Common Stock, $0.001 par value
Trading Symbol	INTV
Document Transition Report	false

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Current assets:
Cash	$ 86,891	$ 490,280
Prepaid expenses and other current assets	6,310	2,500
Total current assets	93,201	492,780
Non-current assets:
Equipment deposits	0	2,355,167
Property and equipment, net of accumulated depreciation and amortization of $2,427,863 and $1,688,399 as of December 31, 2022 and June 30, 2022, respectively	14,800,244	13,281,384
Digital currencies	117,273	72,885
Deposits	578,847	78,847
Total non-current assets	15,496,364	15,788,283
Total assets	15,589,565	16,281,063
Current liabilities:
Accounts payable	130,601	55,961
Accrued preferred stock dividends	1,530,029	744,487
Accrued expenses	120,888	9,112
Due to related party	582,397	368,760
Notes payable, net of debt discount of $8,636 and $114,564 as of December 31, 2022 and June 30, 2022, respectively	491,364	385,436
Total current liabilities	2,855,279	1,563,756
Mezzanine:
Commitments and contingencies	0	0
Stockholders' equity:
Common stock, $0.001 par value; (750,000,000 shares authorized; 250,671,076 and 207,246,592 shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively)	250,672	207,247
Additional paid in capital	57,047,023	56,575,821
Accumulated deficit	(48,689,722)	(46,192,164)
Total stockholders' equity	8,609,286	10,592,307
Total liabilities, mezzanine and stockholders' equity	15,589,565	16,281,063
Series B Preferred Stock [Member]
Stockholders' equity:
Preferred stock, Value	813	903
Series A Preferred Stock [Member]
Stockholders' equity:
Preferred stock, Value	500	500
Series C Preferred Stock [Member]
Stockholders' equity:
Preferred stock, Value	1,125,000	1,125,000
Series D Preferred Stock Member
Stockholders' equity:
Preferred stock, Value	$ 3,000,000	$ 3,000,000

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Accumulated Depreciation And Amortization	$ 2,427,863	$ 1,688,399
Notes payable, net of discounts	$ 8,636	$ 114,564
Common Stock, Shares Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares Issued	250,671,076	207,246,592
Common Stock, Shares Outstanding	250,671,076	207,246,592
Series C Preferred Stock [Member]
Preferred Stock, Shares Par Value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	3,000	3,000
Preferred Stock, Shares Issued	1,125	1,125
Preferred Stock, Shares Outstanding	1,125	1,125
Series B Preferred Stock [Member]
Preferred Stock, Shares Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	812,633	902,633
Preferred Stock, Shares Outstanding	812,633	902,633
Series D Preferred Stock [Member]
Preferred Stock, Shares Par Value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	4,000	4,000
Preferred Stock, Shares Issued	3,000	3,000
Preferred Stock, Shares Outstanding	3,000	3,000
Series A Preferred Stock [Member]
Preferred Stock, Shares Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	500,000	500,000
Preferred Stock, Shares Outstanding	500,000	500,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenue:
Cryptocurrency mining	$ 370,292	$ 2,076,298	$ 925,657	$ 3,116,369
Sales of cryptocurrency mining equipment	0	471,593	0	1,346,610
Total revenue, net	370,292	2,547,891	925,657	4,462,979
Cost of revenues	678,690	811,398	1,447,582	1,884,341
Gross profit (loss)	(308,398)	1,736,493	(521,925)	2,578,638
Operating expenses:
General and administrative	302,251	2,068,358	695,524	2,279,737
Total operating expenses	302,251	2,068,358	695,524	2,279,737
Income (loss) from operations	(610,649)	(331,865)	(1,217,449)	298,901
Other income (expense):
Interest expense	(109,049)	(80)	(217,901)	(462)
Realized gain (loss) on sale of digital currencies	(43,899)	(189,240)	(67,914)	527,833
Loss on disposition of property and equipment	0	0	(46,715)	0
Gain on forgivness of debt	0	5,924	0	5,924
Total other income (expense)	(152,948)	(183,396)	(332,530)	533,295
Income (loss) before income taxes	(763,597)	(515,261)	(1,549,979)	832,196
Provision for income taxes	0	0	0	0
Net income (loss)	(763,597)	(515,261)	(1,549,979)	832,196
Deemed dividend for warrant modification	0	0	(162,037)	0
Dividends on Preferred Stock	(632,287)	(135,513)	(785,542)	(267,022)
Net income (loss) attributable to shareholders	$ (1,395,884)	$ (650,774)	$ (2,497,558)	$ 565,174
Net income (loss) per common share attributable to shareholders, basic	$ (0.01)	$ 0	$ (0.01)	$ 0
Net income (loss) per common share attributable to shareholders, diluted	$ (0.01)	$ 0	$ (0.01)	$ 0
Weighted average number of common shares outstanding, basic	250,075,042	205,007,669	237,243,468	204,309,169
Weighted average number of common shares outstanding, diluted	250,075,042	205,007,669	237,243,468	291,226,881

CONDENSED STATEMENTS OF STOCKHO

CONDENSED STATEMENTS OF STOCKHOLDERS EQUITY (Unaudited) - USD ($)	Total	Series C, Preferred Stock	Series D, Preferred Stock	Series A, Preferred Stock	Series B, Preferred Stock	Common Stock	Common Stock Payable	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Jun. 30, 2021		1,125	3,000	500,000	727,370	194,487,662
Balance, amount at Jun. 30, 2021	$ 8,964,882	$ 1,125,000	$ 3,000,000	$ 500	$ 727	$ 194,488	$ 5,480,000	$ 48,365,263	$ (45,076,096)
Issuance of common stock for conversion of Series B preferred stock, shares					(24,737)	2,473,700
Issuance of common stock for conversion of Series B preferred stock, amount	0	0	0	0	$ (24)	$ 2,474	0	(2,450)	0
Issuance of common shares for common stock payable, shares						8,000,000
Issuance of common shares for common stock payable, amount	0	0	0	0	0	$ 8,000	(5,480,000)	5,472,000	0
Preferred stock dividends	(131,509)	0	0	0	0	0	0	0	(131,509)
Net income	1,347,457	$ 0	$ 0	$ 0	$ 0	$ 0	0	0	1,347,457
Balance, shares at Sep. 30, 2021		1,125	3,000	500,000	702,633	204,961,362
Balance, amount at Sep. 30, 2021	10,180,830	$ 1,125,000	$ 3,000,000	$ 500	$ 703	$ 204,962	0	53,834,813	(43,860,148)
Balance, shares at Jun. 30, 2021		1,125	3,000	500,000	727,370	194,487,662
Balance, amount at Jun. 30, 2021	8,964,882	$ 1,125,000	$ 3,000,000	$ 500	$ 727	$ 194,488	5,480,000	48,365,263	(45,076,096)
Net income	832,196
Balance, shares at Dec. 31, 2021		1,125	3,000	500,000	752,633	205,146,592
Balance, amount at Dec. 31, 2021	11,450,789	$ 1,125,000	$ 3,000,000	$ 500	$ 753	$ 205,147	0	55,755,311	(44,510,922)
Balance, shares at Sep. 30, 2021		1,125	3,000	500,000	702,633	204,961,362
Balance, amount at Sep. 30, 2021	10,180,830	$ 1,125,000	$ 3,000,000	$ 500	$ 703	$ 204,962	0	53,834,813	(43,860,148)
Preferred stock dividends	(135,513)	0	0	0	0	0	0	0	(135,513)
Net income	(515,261)	0	0	0	0	$ 0	0	0	(515,261)
Issuance of common stock for services, shares						185,230
Issuance of common stock for services, amount	40,733	0	0	0	$ 0	$ 185	0	40,548	0
Issuance of Series B preferred stock for related party compensation, shares					50,000
Issuance of Series B preferred stock for related party compensation, amount	1,880,000	$ 0	$ 0	$ 0	$ 50	$ 0	0	1,879,950	0
Balance, shares at Dec. 31, 2021		1,125	3,000	500,000	752,633	205,146,592
Balance, amount at Dec. 31, 2021	11,450,789	$ 1,125,000	$ 3,000,000	$ 500	$ 753	$ 205,147	0	55,755,311	(44,510,922)
Balance, shares at Jun. 30, 2022		1,125	3,000	500,000	902,633	207,246,592
Balance, amount at Jun. 30, 2022	10,592,307	$ 1,125,000	$ 3,000,000	$ 500	$ 903	$ 207,247	0	56,575,821	(46,192,164)
Issuance of common stock for conversion of Series B preferred stock, shares					(190,000)	19,000,000
Issuance of common stock for conversion of Series B preferred stock, amount	0	0	0	0	$ (190)	$ 19,000	0	(18,810)	0
Preferred stock dividends	(153,255)	0	0	0	0	0	0	0	(153,255)
Net income	(786,382)	0	0	0	$ 0	0	0	0	(786,382)
Issuance of Series B preferred stock for related party compensation, shares					50,000
Issuance of Series B preferred stock for related party compensation, amount	207,500	0	0	0	$ 50	$ 0	0	207,450	0
Issuance of common shares for exercise of warrants, shares						20,507,692
Issuance of common shares for exercise of warrants, amount	0	0	0	0	0	$ 20,508	0	(20,508)	0
Deemed dividend for warrant modification	0	$ 0	$ 0	$ 0	$ 0	$ 0	0	162,037	(162,037)
Balance, shares at Sep. 30, 2022		1,125	3,000	500,000	762,633	246,754,284
Balance, amount at Sep. 30, 2022	9,860,170	$ 1,125,000	$ 3,000,000	$ 500	$ 763	$ 246,755	0	56,905,990	(47,293,838)
Balance, shares at Jun. 30, 2022		1,125	3,000	500,000	902,633	207,246,592
Balance, amount at Jun. 30, 2022	10,592,307	$ 1,125,000	$ 3,000,000	$ 500	$ 903	$ 207,247	0	56,575,821	(46,192,164)
Net income	(1,549,979)
Balance, shares at Dec. 31, 2022		1,125	3,000	500,000	812,633	250,671,076
Balance, amount at Dec. 31, 2022	8,609,286	$ 1,125,000	$ 3,000,000	$ 500	$ 813	$ 250,672	0	57,047,023	(48,689,722)
Balance, shares at Sep. 30, 2022		1,125	3,000	500,000	762,633	246,754,284
Balance, amount at Sep. 30, 2022	9,860,170	$ 1,125,000	$ 3,000,000	$ 500	$ 763	$ 246,755	0	56,905,990	(47,293,838)
Preferred stock dividends	(632,287)	0	0	0	0	0	0	0	(632,287)
Net income	(763,597)	0	0	0	$ 0	0	0	0	(763,597)
Issuance of Series B preferred stock for related party compensation, shares					50,000
Issuance of Series B preferred stock for related party compensation, amount	145,000	0	0	0	$ 50	$ 0	0	144,950	0
Issuance of common shares for exercise of warrants, shares						3,916,792
Issuance of common shares for exercise of warrants, amount	0	$ 0	$ 0	$ 0	$ 0	$ 3,917	0	(3,917)	0
Balance, shares at Dec. 31, 2022		1,125	3,000	500,000	812,633	250,671,076
Balance, amount at Dec. 31, 2022	$ 8,609,286	$ 1,125,000	$ 3,000,000	$ 500	$ 813	$ 250,672	$ 0	$ 57,047,023	$ (48,689,722)

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (1,549,979)	$ 832,196
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	822,106	724,880
Stock-based compensation - related party	352,500	1,880,000
Common stock issued for services	0	40,733
Loss on disposition of property and equipment	46,715	0
Amortization of debt discount	105,928	0
Gain on forgiveness of debt	0	(5,924)
Realized loss (gain) on sale of digital currencies	67,914	(527,833)
Changes in operating assets and liabilities:
Digital currencies	(935,221)	(3,116,369)
Prepaid expenses and other current assets	(3,810)	182,944
Deposits	(500,000)	0
Accounts payable	74,640	(33,086)
Accrued expenses	111,776	(3,083)
Due to related party	213,637	(6,941)
Net cash provided by (used in) operating activities	(1,193,794)	(32,483)
CASH FLOWS FROM INVESTING ACTIVITIES:
Equipment deposits	(32,514)	(5,426,212)
Net proceeds from the sale of digital currencies	1,021,232	5,421,314
Purchase of digital currencies	(198,313)	(1,884,416)
Purchase of property and equipment	0	(6,782)
Net cash provided by (used in) investing activities	790,405	(1,896,096)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of notes payable	0	(13,229)
Net cash provided by (used in) financing activities	0	(13,229)
Net increase (decrease) in cash	(403,389)	(1,941,808)
Cash, cash equivalents, and restricted cash - beginning of period	490,280	2,097,537
Cash, cash equivalents, and restricted cash - end of period	86,891	155,729
Cash paid during the period for:
Interest	197	462
Income taxes	0	0
Non-cash investing and financing activities:
Equipment deposits transferred to property and equipment	2,387,681	7,625,326
Common stock issued for common stock payable	0	5,480,000
Accrued preferred stock dividends	785,542	267,022
Conversion of Series B preferred stock for common stock	$ 19,000	2,474
Common stock issued with warrants	24,425
Deemed dividend for warrant modification	$ 162,037	$ 0

ORGANIZATION BASIS OF PRESENTAT

ORGANIZATION BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2022
ORGANIZATION BASIS OF PRESENTATION
Organization Basis Of Presentation	1. ORGANIZATION BASIS OF PRESENTATION 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. Basis of Presentation The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. The results of operations for the interim period ended September 30, 2022 shown in this report are not necessarily indicative of results to be expected for the full fiscal year ending June 30, 2023. In the opinion of the Company’s management, the information contained herein reflects all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the Company’s results of operations, financial position and cash flows. The unaudited interim financial statements should be read in conjunction with the audited financial statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2022 filed on September 28, 2022 and Management’s Discussion and Analysis of Financial Condition and Results of Operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary Of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies of the Company are disclosed in Notes to Financial Statements included in the Company’s Annual Report on Form 10-K. The following summary of significant accounting policies of the Company is presented to assist in understanding the Company’s interim financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. 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. Digital Currencies Digital currencies consist mainly of Bitcoin and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services, and other digital currencies 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 (digital 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 six months ended December 31, 2022, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $46,715 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 because 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 As of December 31, 2022, and June 30, 2022, the Company had no derivative liabilities. 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. If 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 three and six months ended December 31, 2022 and 2021. 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 using the treasury stock method, 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 three months ended December 31, 2022 and 2021 and the six months ended December 31, 2022, 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. The common shares used in the computation of basic and diluted net income per share for the six months ended December 31, 2021 are reconciled as follows: Weighted average number of shares outstanding – basic 204,309,169 Dilutive effect of convertible preferred stock 86,917,712 Weighted average number of shares outstanding – diluted 291,226,881 Recently Issued Accounting Pronouncements There were no new accounting pronouncements issued or proposed by the FASB during the six months ended December 31, 2022, and through the date of filing this report which the Company believes will have a material impact on its financial statements. Concentrations During the six months ended December 31, 2021, one customer accounted for 65% of sales of cryptocurrency mining equipment and 20% of total revenues. During the three and six months ended December 31, 2022, there were no sales of cryptocurrency mining equipment. Reclassifications Certain amounts in the financial statements for prior year periods have been reclassified to conform to the presentation for the current year periods.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2022
GOING CONCERN
Going Concern	3. GOING CONCERN Historically, the Company has reported recurring net losses from operations and used net cash in operating activities. As of December 31, 2022, the Company’s current liabilities exceeded its current assets by $2,762,078 and the Company had an accumulated deficit of $48,689,722. 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 and maintain 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	6 Months Ended
	Dec. 31, 2022
PROPERTY AND EQUIPMENT
Property And Equipment	4. PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of: December 31, 2022 June 30, 2022 Cryptocurrency mining equipment $ 16,988,096 $ 14,729,772 Furniture and equipment 240,011 240,011 Total 17,228,107 14,969,783 Less accumulated depreciation and amortization (2,427,863 ) (1,688,399 ) Net $ 14,800,244 $ 13,281,384 Depreciation and amortization expense, included in cost of revenues, for the three months ended December 31, 2022 and 2021 was $389,901 and $424,025, respectively, and $822,106 and $724,880 for the six months ended December 31, 2022 and 2021, respectively. During the six months ended December 31, 2022, we disposed of and wrote off non-serviceable, defective mining equipment with a net book value of $46,715.

EQUIPMENT DEPOSITS

EQUIPMENT DEPOSITS	6 Months Ended
	Dec. 31, 2022
PROPERTY AND EQUIPMENT
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 December 31, 2022, and June 30, 2022, equipment deposits totaled $0 and $2,355,167, respectively, including $0 and $6,261,491 paid to Bitmain under the Bitmain Agreement (net of Wattum reimbursements and deliveries of equipment). As of December 31, 2022, 12 of the 12 shipments totaling 2,333 miners had been delivered by Bitmain to the Company, Wattum and two customers of the Company. Sale of Miners During the six months ended December 31, 2021, the Company sold 95 miners from the first Bitmain shipment to a non-related party for $875,017 and sold 107 other miners to non-related parties for a total of $471,593.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2022
RELATED PARTY TRANSACTIONS
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. Effective July 1, 2022, the Board of Directors agreed to update Mr. Rubakh’s compensation setting his annual salary at $250,000 with a quarterly bonus of $50,000 and 50,000 shares of Series B preferred stock. In accordance with the above Board approval, for the three and six months ended December 31, 2022, the Company issued to Mr. Rubakh 50,000 shares of Series B convertible preferred stock during the three months ended September 30, 2022 and December 31, 2022. These shares were valued on an “as converted to common” basis at $207,500 and $145,000, respectively, using the closing market price of the Company’s common stock. 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. Quarterly bonuses of $25,000 and $50,000 were approved by the Board of Directors for the three months ended December 31, 2021 and September 30, 2021, respectively. In October 2021, the Company issued to Mr. Rubakh 50,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $1,880,000, using the closing market price of the Company’s common stock on the date of issuance. 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 general and administrative expenses in the accompanying statements of operations. Total compensation expense included in general and administrative expenses was $257,500 and $1,967,500 for the three months ended December 31, 2022 and 2021, respectively and $577,500 and $2,080,000 for the six months ended December 31, 2022 and 2021, respectively. Amounts due to related party, consisting of accrued salary to Mr. Rubakh, totaled $464,247, and $250,610 as of December 31, 2022 and June 30, 2022, respectively. In April 2022, Mr. Rubakh advanced $118,150 to a third-party vendor on behalf of the Company. The advance is due on demand, has no interest rate, and is unsecured. Amounts due to related party, consisting of short-term advances from Mr. Rubakh, totaled $118,150 as of December 31, 2022 and June 30, 2022. Total amount due to Mr. Rubakh for accrued salary and short-term advances as of December 31, 2022 and June 30, 2022 was $582,397 and $368,760, respectively. During the six months ended December 31, 2022, Mr. Rubakh converted 190,000 shares of Series B preferred stock into 19,000,000 shares of common stock in a transaction recorded at the par value of the shares. During the six months ended December 31, 2021, Mr. Rubakh converted 24,737 shares of Series B preferred stock into 2,473,700 shares of common stock in a transaction recorded at the par value of the shares. On December 15, 2021, the Company and Tioga Holding, LLC, a related party owned 50% by Mr. Rubakh (“Tioga”), entered into a Property Lease and Power Purchase Agreement for the use by the Company of facilities located in Tioga, Pennsylvania. 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 term of the agreement is 36 months. Full mining operations commenced in April 2022. During the three and six months ended December 31, 2022, the Company incurred power expense of $69,475 and $180,432, respectively from Tioga.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Dec. 31, 2022
NOTES PAYABLE
Notes Payable	7. NOTES PAYABLE On June 15, 2022, the Company entered into a Loan Agreement and Promissory Note with BHP Capital NY, Inc. (“BHP”) in the amount of $500,000. The note matures on January 15, 2023, and bares a flat interest charge of $130,000 that shall not be reduced or pro-rated in the event of prepayment. This note is secured by assets and equipment of the Company. As further inducement to enter this note, the Company issued BHP 2,000,000 shares or restricted common stock. These shares were valued at $123,200 using the closing market price of the Company’s common stock on the date of issuance and were recorded as a debt discount that is being amortized to interest expense over the term of the note. The Company recorded $52,964 and $105,928 of interest expense for amortization of this debt discount for the three and six months ended December 31, 2022, respectively.

MEZZANINE

MEZZANINE	6 Months Ended
	Dec. 31, 2022
MEZZANINE
Mezzanine	8. 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 or 18% per annum in the event of default, payable monthly 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 December 31, 2022 and June 30, 2022, the Company accrued Series C preferred stock dividends of $427,178 and $212,296, respectively. 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 December 31, 2022 and June 30, 2022, 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 or 18% per annum in the event of default, payable monthly 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 December 31, 2022 and June 30, 2022, the Company accrued Series D preferred stock dividends of $1,102,851 and $532,191, respectively. 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 December 31, 2022 and June 30, 2022, 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)	6 Months Ended
	Dec. 31, 2022
STOCKHOLDERS EQUITY (DEFICIT)
Stockholders' Equity (deficit)	9. 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 December 31, 2022 and June 30, 2022, 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. During the six months ended December 31, 2022, Mr. Rubakh converted 190,000 shares of Series B preferred stock into 190,000,000 shares of common stock in a transaction recorded at the par value of the shares. For services provided during the six months ended December 31, 2022, the Company issued to Mr. Rubakh 100,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $352,500, using the closing market price of the Company’s common stock. 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. During the six months ended December 31, 2021, Mr. Rubakh converted 24,737 shares of Series B preferred stock into 2,473,700 shares of common stock in a transaction recorded at the par value of the shares. For services provided during the six months ended December 31, 2021, the Company issued to Mr. Rubakh 50,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $1,880,000, using the closing market price of the Company’s common stock. 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. The Company had 812,633 and 902,633 shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively. 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 750,000,000. The Company had 250,671,076 and 207,246,592 common shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively. During the six months ended December 31, 2022, the Company issued a total of 43,424,484 shares of its common stock: 19,000,000 shares issued in conversion of Series B preferred stock recorded at par value of $19,000 and 24,424,484 shares for the cash-less exercise of warrants recorded at par value of $24,425. During the six months ended December 31, 2021, the Company issued a total of 10,658,930 shares of its common stock: 2,473,700 shares issued in conversion of Series B preferred stock recorded at par value of $2,474, 8,000,000 shares for common stock payable of $5,480,000, and 185,230 share for services valued at $40,733.

WARRANTS

WARRANTS	6 Months Ended
	Dec. 31, 2022
WARRANTS
Warrants	10. WARRANTS As discussed in Note 8, 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. The Company also issued warrants to purchase 30,000,000 shares of its common stock in April 2021 in connection with the sale of common stock. During the three months ended September 30, 2022, the Company entered into two letter agreements in connection with this offering described as follows. On March 30, 2021, Integrated Ventures, Inc. (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, with each of the Purchasers receiving Warrants in the amount equal to 100% of the number of Shares purchased by such Purchaser and each Share and accompanying Warrant offered at a combined offering price of $0.30. On September 13, 2022, the Company and one of the Purchasers entered into a letter agreement (the “September 13 Amendment Agreement”) whereby the Company agreed to amend the terms of such Purchaser’s Warrants to purchase up to 15 million shares to provide effective as of June 29, 2022. The amendment reduced the exercise price thereof to $0.001, subject to adjustment therein, and waived the “exploding feature” of the Anti-Dilution Provision in the Warrant that would otherwise have effected an increase in the number of warrant shares as a result of an exercise price reduction so as to result in the same aggregate value of the warrant shares multiplied by the exercise price. Additionally, other than an Exempt Issuance, as defined in the Warrants, from the date hereof until 90 days after the date hereof, neither the Company nor any subsidiary of the Company may issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock Equivalents (as defined in the Warrants). On September 15, 2022, the Company and the other Purchaser entered into a letter agreement (the “September 15 Amendment Agreement”) whereby the Company agreed to amend the terms of such Purchaser’s Warrants to purchase up to 15 million shares, effective as of August 30, 2022. The amendment reduced the exercise price thereof to $0.001, subject to adjustment therein, and waived the “exploding feature” of the Anti-Dilution Provision in the Warrant that would otherwise have effected an increase in the number of warrant shares as a result of an exercise price reduction so as to result in the same aggregate value of the warrant shares multiplied by the exercise price. Additionally, other than an Exempt Issuance, as defined in the Warrants, from the date hereof until 90 days after the date hereof, neither the Company nor any subsidiary of the Company may issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock Equivalents (as defined in the Warrants). The effect of these modifications was measured as the excess of the fair value of the amended Purchaser’s Warrants over the fair value of the Purchaser’s Warrants immediately before the amendments which amounted to $162,037 and was recognized as a dividend due to the substance of the modification not indicating the issuer has incurred a cost that should be expensed. During the six months ended December 31, 2022, we issued 24,424,484 shares of common stock for the cash-less exercise of 25,000,000 warrants. A summary of the Company’s warrants as of December 31, 2022, and changes during the six months then ended is as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding as of June 30, 2022 41,000,000 $ 0.30 Granted - $ - Exercised (24,424,484 ) $ 0.001 Forfeited or expired (575,516 ) $ 0.001 Outstanding and exercisable as of December 31, 2022 16,000,000 $ 0.207 3.17 $ 87,000 The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the closing price of our common stock of $0.0184 as of December 31, 2022, 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	6 Months Ended
	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
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 December 31, 2022, the Company had no obligation for future lease payments under non-cancelable operating leases. However, the Company has entered into three 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. Power Purchase and Hosting 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. The Company’s ongoing obligation under the agreement to pay monthly a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations. Our Nebraska operations commenced in September 2021. On June 3, 2022, the Company and Compute North entered into a second Master Agreement for the colocation and management of the Company’s cryptocurrency mining operations. The Company executed Order Forms to Compute North to determine 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. No cryptocurrency mining equipment has been purchased under this agreement. The final Order Form was to host 1,675 miners in Wolf Hollow, Texas for a term of 5 years. This agreement required an initial deposit of $500,000 which is recorded as a Deposit on the Balance Sheets. The Company has an ongoing obligation under the agreement to pay monthly a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations. In January 2023, Compute North sold and assigned both Master Agreements to Generate Capital, LLC. Full mining operations commenced in January 2023. Tioga Property Lease and Power Purchase Agreement On December 15, 2021, the Company and Tioga Holding, LLC, a related party, entered into a Property Lease and Power Purchase Agreement for the use by the Company of facilities located in Tioga, Pennsylvania. 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 term of the agreement is 36 months. Mining operations commenced in April 2022.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
Subsequent Events	14. SUBSEQUENT EVENTS Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following: Amendment of Warrant On February 18, 2021, pursuant to a Securities Purchase Agreement, the Company had agreed to issue BHP Capital NY, Inc. (“Holder”), 11,000,000 Warrants, convertible into 11,000,000 common shares, at a price of $0.30 per share. Subsequent to December 31, 2022, for good and valuable consideration, the Company and Holder agreed to amend the terms of the Warrant and to reduce the Exercise Price of the Warrant from $0.30 to $0.001. Issuances of Commons Shares Subsequent to December 31, 2022, the Company issued 9,787,978 shares of common stock for the settlement of $293,639 of accrued dividends and 4,852,507 shares of common stock as a result of warrants exercised.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2022
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.
Digital Currencies	Digital currencies consist mainly of Bitcoin and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services, and other digital currencies 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 (digital 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 six months ended December 31, 2022, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $46,715 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 because 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	As of December 31, 2022, and June 30, 2022, the Company had no derivative liabilities. 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. If 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 three and six months ended December 31, 2022 and 2021.
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 using the treasury stock method, 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 three months ended December 31, 2022 and 2021 and the six months ended December 31, 2022, 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. The common shares used in the computation of basic and diluted net income per share for the six months ended December 31, 2021 are reconciled as follows: Weighted average number of shares outstanding – basic 204,309,169 Dilutive effect of convertible preferred stock 86,917,712 Weighted average number of shares outstanding – diluted 291,226,881
Recently Issued Accounting Pronouncements	There were no new accounting pronouncements issued or proposed by the FASB during the six months ended December 31, 2022, and through the date of filing this report which the Company believes will have a material impact on its financial statements.
Concentrations	During the six months ended December 31, 2021, one customer accounted for 65% of sales of cryptocurrency mining equipment and 20% of total revenues. During the three and six months ended December 31, 2022, there were no sales of cryptocurrency mining equipment.
Reclassifications	Certain amounts in the financial statements for prior year periods have been reclassified to conform to the presentation for the current year periods.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule Of basic and diluted net income per share	Weighted average number of shares outstanding – basic 204,309,169 Dilutive effect of convertible preferred stock 86,917,712 Weighted average number of shares outstanding – diluted 291,226,881

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Dec. 31, 2022
PROPERTY AND EQUIPMENT
Schedule Of Property And Equipment	December 31, 2022 June 30, 2022 Cryptocurrency mining equipment $ 16,988,096 $ 14,729,772 Furniture and equipment 240,011 240,011 Total 17,228,107 14,969,783 Less accumulated depreciation and amortization (2,427,863 ) (1,688,399 ) Net $ 14,800,244 $ 13,281,384

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Dec. 31, 2022
WARRANTS
Schedule Of Warrants Table	Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding as of June 30, 2022 41,000,000 $ 0.30 Granted - $ - Exercised (24,424,484 ) $ 0.001 Forfeited or expired (575,516 ) $ 0.001 Outstanding and exercisable as of December 31, 2022 16,000,000 $ 0.207 3.17 $ 87,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Weighted average number of shares outstanding - basic	250,075,042	205,007,669	237,243,468	204,309,169
Dilutive effect of convertible preferred stock				86,917,712
Weighted average number of shares outstanding - diluted	250,075,042	205,007,669	237,243,468	291,226,881

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Realized Gain (loss) On Digital Currencies	$ (43,899)	$ (189,240)	$ (67,914)	$ 527,833
Cryptocurrency Mining Revenues	370,292	2,076,298	925,657	3,116,369
Loss on disposition of property and equipment	$ 0	$ 0	$ (46,715)	$ 0
Customer [Member]
Concentration Risk, Percentage			65%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
GOING CONCERN
Accumulated Deficit	$ (48,689,722)	$ (46,192,164)
Current Liabilities Exceeded Current Assets	$ 2,762,078

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Property And Equipment, Total	$ 17,228,107	$ 14,969,783
Less Accumulated Depreciation And Amortization	(2,427,863)	(1,688,399)
Property And Equipment, Net	14,800,244	13,281,384
Cryptocurrency mining equipment [Member]
Property And Equipment, Total	16,988,096	14,729,772
Furniture and equipment [Member]
Property And Equipment, Total	$ 240,011	$ 240,011

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
PROPERTY AND EQUIPMENT
Depreciation And Amortization Expense	$ 389,901	$ 424,025	$ 822,106	$ 724,880
Loss on disposition of property and equipment	$ 0	$ 0	$ (46,715)	$ 0

EQUIPMENT DEPOSITS (Details Nar

EQUIPMENT DEPOSITS (Details Narrative) - USD ($)		6 Months Ended
	Apr. 12, 2021	Dec. 31, 2021	Dec. 31, 2022	Jun. 30, 2022
Total Purchase	$ 34,047,600
Cryptocurrency Mining, Description	12 equal batches of 400 units, starting in August 2021 and through July 2022
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
Equipment Deposits			$ 0	$ 2,355,167
Non-related Parties		$ 471,593
Bitmain Agreement [Member]
Equipment Deposits			$ 0	$ 6,261,491
Non-related Parties		$ 875,017
Purchase Obligation Percentage	50%
Reimbursing Equipment Deposits	50%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended			6 Months Ended
	Apr. 30, 2022	Oct. 31, 2021	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Description of compensastion						Effective July 1, 2022, the Board of Directors agreed to update Mr. Rubakh’s compensation setting his annual salary at $250,000 with a quarterly bonus of $50,000 and 50,000 shares of Series B preferred stock
Term Of The Agreement						36 years
Power Expense			$ 69,475			$ 180,432
Compensastion expense			207,500	$ 145,000		$ 352,500	$ 1,880,000
Series B convertible preferred stock issued						24,424,484
General and administrative expenses			302,251		$ 2,068,358	$ 695,524	$ 2,279,737
Mr. Rubakh [Member]
short term advance			118,150			118,150		$ 118,150
Total Accrued salary and short term advances			$ 582,397			$ 582,397		368,760
Share converted series B preferred stock into common stock						19,000,000	2,473,700
Share series B preferred stock						190,000	24,737
Series B convertible preferred stock issued		50,000	50,000
Converted share value		$ 1,880,000
Quarterly Bonuses			$ 25,000	$ 50,000
General and administrative expenses			257,500		$ 1,967,500	$ 577,500	$ 2,080,000
Accrued salary			$ 464,247			$ 464,247		$ 250,610
Advance payment to third party	$ 118,150

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	3 Months Ended			6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022	Jun. 15, 2022
Interest expense	$ 109,049	$ 52,964	$ 80	$ 105,928	$ 217,901	$ 462
Restricted common stock	250,671,076	250,671,076		250,671,076	250,671,076		207,246,592
Common stock market price	$ 250,672	$ 250,672		$ 250,672	$ 250,672		$ 207,247
BHP Capital NY Inc [Member] | Promissory Note [Member]
Notes Payable								$ 500,000
Interest charge								$ 130,000
Restricted common stock								2,000,000
Common stock market price								$ 123,200

MEZZANINE (Details Narrative)

MEZZANINE (Details Narrative) - USD ($)			1 Months Ended	6 Months Ended
	Feb. 05, 2021	Jan. 14, 2021	Feb. 19, 2021	Dec. 31, 2022	Jun. 30, 2022	Feb. 28, 2021
Accrued Series C preferred stock dividends				$ 1,530,029	$ 744,487
BHP Capital NY Inc [Member] | Securities Purchase Agreement [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]
Stock price per share			$ 1,000
Exercisable price			0.60
Conversion price			$ 0.30
Preferred stock sold , amount			$ 3,000,000
Preferred stock sold			3,000
Warrants			100%
Accrued Series D preferred stock dividends				$ 1,102,851	$ 532,191
Common stock shares issuable upon exercise of warrants			11,000,000			11,000,000
Preferred stock, shares authorized			4,000	4,000	4,000
Preferred stock, shares par value			$ 0.001
Cumulative dividends				12%
Preferred stock, shares stated value, per share			$ 1,100
Preferred stock, shares issued				3,000	3,000
Preferred stock, shares outstanding				3,000	3,000
Preferred stock, shares par value				$ 0.01	$ 0.01
Series C Convertible Preferred Stock [Member]
Preferred stock, shares authorized		3,000
Cumulative dividends				12%
Preferred stock, shares stated value, per share		$ 1,100
Preferred stock, shares issued				1,125	1,125
Preferred stock, shares outstanding				1,125	1,125
Preferred stock, shares par value		0.001
conversion price		$ 0.068
Accrued Series C preferred stock dividends				$ 427,178	$ 212,296

STOCKHOLDERS EQUITY (Details Na

STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended
	Mar. 31, 2015	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022	Jan. 25, 2019	Dec. 21, 2015
Revised Authorized Preferred Shares					20,000,000
Common Stock, Shares Par Value		$ 0.001		$ 0.001
Common stock, shares authorized		750,000,000		750,000,000	750,000,000
Common stock, shares issued		250,671,076		207,246,592
Common Stock, Shares Outstanding		250,671,076		207,246,592
Issued in Conversion of Series B Preferred Stock		24,424,484
Mr. Rubakh [Member] | Effective April 1,2021[Member]
Convertible Prefreed Stock Shares Issuable Upon Conversion Of Common Stock		100
Preferred stock voting rights	the Company filed with the State of Nevada a Certificate of Designation establishing the designations, preferences, limitations, and relative rights
Series B Preferred Stock [Member]
Preferred stock, shares issued		812,633		902,633
Preferred Stock, Shares Outstanding		812,633		902,633
Preferred Stock, Shares Authorized		1,000,000		1,000,000		500,000
Preferred Stock, Shares Par Value		$ 0.001		$ 0.001		$ 0.001
Common Stock Shares Issuable Upon Conversion Of Preferred Stock		100				100
Series A Preferred Stock [Member]
Preferred stock, shares issued		500,000		500,000
Preferred Stock, Shares Outstanding		500,000		500,000
Preferred Stock, Shares Authorized	1,000,000	1,000,000		1,000,000
Preferred Stock, Shares Par Value		$ 0.001		$ 0.001
Common Stock [Member]
Shares Issued In Conversion Of Preferred Stock		19,000,000	2,473,700
Common Stock Payable			8,000,000
Issued in Conversion of Series B Preferred Stock		190,000,000	2,473,700
Issued in Conversion of Series B Preferred Stock Amount		$ 19,000	$ 2,474
Issuance of Common Stock		43,424,484	10,658,930
Debt Instrument, Converted Amount, Common Stock Payable			$ 5,480,000
Debt Instrument, Converted Amount, Common Stock Payable notes			185,230 share for services valued at $40,733
Common Stock Issue For Warrants Exercise Shares		$ 24,424,484
Common Stock Issue For Warrants Exercise Amount		$ 24,425
Preferred Stock Series B [Member] | Mr. Rubakh [Member]
Issuance Of Common Shares In Conversion, Shares		100,000	50,000
Shares Issued In Conversion Of Preferred Stock		190,000	24,737
Shares Issued In Conversion Of Preferred Stock, Amount		$ 352,500	$ 1,880,000

WARRANTS (Details)

WARRANTS (Details)	6 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Number of Warrants
Number of Warrants, Outstanding Beginning | shares	41,000,000
Number of Warrants, granted | shares	0
Number of Warrants, exercised | shares	(24,424,484)
Number of Warrants, forfeited or expired | shares	(575,516)
Number of Warrants, Outstanding Ending | shares	16,000,000
Number of Warrants, Outstanding and exercisable, Ending | shares	16,000,000
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding Beginning | $ / shares	$ 0.30
Weighted Average Exercise Price, Granted | $ / shares	0
Weighted Average Exercise Price, Exercised | $ / shares	0.001
Weighted Average Exercise Price, forfeited or expired | $ / shares	0.001
Weighted Average Exercise Price, Outstanding Beginning | $ / shares	0.207
Weighted Average Exercise Price, Outstanding and exercisable Ending | $ / shares	$ 0.207
Weighted Average Remaining Contract Term
Weighted Average Remaining Contract Term, Outstanding and exercisable	3 years 2 months 1 day
Aggergate Intrinsic Value
Aggergate Intrinsic Value, Outstanding and exercisable | $	$ 87,000

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)		1 Months Ended		6 Months Ended
	Sep. 13, 2022	Sep. 15, 2022	Mar. 30, 2021	Dec. 31, 2022	Apr. 30, 2021	Feb. 28, 2021	Feb. 19, 2021
Issue of common stock				24,424,484
Number of warrants				25,000,000
Aggregate intrinsic value				$ 0.0184
Dividend due		$ 162,037
Warrants issued upon sale of common stock					30,000,000
Warrant Purchase Agreements One [Member]
Warrant exercise price	$ 0.001	$ 0.001
Warrant purchaser	15,000,000	15,000,000
Securities Purchase Agreement [Member]
Number of common stock share offer			30,000,000
Share price			$ 0.001
Number of common stock purchase warrant			30,000,000
Warrant exercise price			$ 0.30
Series D Preferred Stock [Member]
Common stock shares issuable upon exercise of warrants						11,000,000	11,000,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Jun. 03, 2022	Dec. 15, 2021	Mar. 08, 2021
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
Description of second master agreement	This agreement required an initial deposit of $500,000 which is recorded as a Deposit on the Balance Sheets. The Company has an ongoing obligation under the agreement to pay monthly a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations
Tioga Property Lease And Power Purchase Agreement [Member]
Description For Initial Order Form Under Agreement		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 term of the agreement is 36 months. Mining operations commenced in April 2022.

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended
	Feb. 18, 2021	Dec. 31, 2022
Issurance shares of common stock for the settlement of accrued dividends		9,787,978
Settlement amount of accrued dividend		$ 293,639
Number of warrants exercise		4,852,507
Securities Purchase Agreement [Member]
Amendement of Warrant	11,000,000 Warrants, convertible into 11,000,000 common shares, at a price of $0.30 per share
Amendement of warrant exercise price	Warrant and to reduce the Exercise Price of the Warrant from $0.30 to $0.001.