2022 Q4 Form 10-Q Financial Statement

#000121390022072137 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $16.85M $28.33M $19.66M
YoY Change -14.26% 158.76%
Cost Of Revenue $6.760M $18.18M $3.686M
YoY Change 83.39% 627.39%
Gross Profit $10.09M $10.14M $15.97M
YoY Change -36.8% 20.09%
Gross Profit Margin 59.89% 35.81% 81.25%
Selling, General & Admin $5.856M $5.002M $5.438M
YoY Change 7.69% -27.88% 5128.6%
% of Gross Profit 58.02% 49.3% 34.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.14M $16.23M $6.136M
YoY Change 179.31% 293.13%
% of Gross Profit 169.82% 160.03% 38.42%
Operating Expenses $22.99M $22.05M $11.57M
YoY Change 98.68% 99.29% 7827.16%
Operating Profit -$12.90M -$8.237M $4.395M
YoY Change -393.54% 214.75%
Interest Expense -$15.05M $1.559M -$1.585M
YoY Change 849.54% -403.74% -386.54%
% of Operating Profit -36.05%
Other Income/Expense, Net $469.6K $59.82K $400.0K
YoY Change 17.41% 84.46% -1766.5%
Pretax Income -$18.81M -$21.25M $2.740M
YoY Change -786.5% 586.01% 18.96%
Income Tax $0.00 $277.7K
% Of Pretax Income 10.14%
Net Earnings -$18.45M -$20.86M $2.300M
YoY Change -902.14% 733.32% -0.14%
Net Earnings / Revenue -109.46% -73.64% 11.7%
Basic Earnings Per Share -$0.27
Diluted Earnings Per Share -$1.36 -$0.27 $32.51K
COMMON SHARES
Basic Shares Outstanding 81.57M shares 81.25M shares
Diluted Shares Outstanding 79.37M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.190M $2.889M $5.467M
YoY Change -23.36% -91.08% 77.45%
Cash & Equivalents $946.3K $1.183M $5.467M
Short-Term Investments $3.244M $1.706M $326.8K
Other Short-Term Assets $8.935M $24.37M $373.0K
YoY Change 2295.74% 3380.55% 372.09%
Inventory
Prepaid Expenses $3.489M $2.540M $332.2K
Receivables $10.46M $11.79M $5.607M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.34M $37.34M $11.45M
YoY Change 77.68% -28.31% 262.25%
LONG-TERM ASSETS
Property, Plant & Equipment $91.02M $112.5M $76.94M
YoY Change 18.3% 75.92% 265199.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.63M $23.09M $326.8K
YoY Change 4988.53% 25425.03%
Other Assets $2.524M $4.077M
YoY Change 147.05%
Total Long-Term Assets $113.0M $143.3M $133.8M
YoY Change -15.58% 118.08% 461442.64%
TOTAL ASSETS
Total Short-Term Assets $20.34M $37.34M $11.45M
Total Long-Term Assets $113.0M $143.3M $133.8M
Total Assets $133.3M $180.6M $145.3M
YoY Change -8.24% 53.34% 4456.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.57M $27.53M $7.747M
YoY Change 36.47% 778.16%
Accrued Expenses $166.7K $2.111M $1.222M
YoY Change -86.37% -36.78%
Deferred Revenue
YoY Change
Short-Term Debt $23.61M $31.39M $11.10M
YoY Change 112.8% 6592.25% 4086.94%
Long-Term Debt Due $30.70K $30.14K $8.110K
YoY Change 278.55%
Total Short-Term Liabilities $35.51M $62.03M $20.07M
YoY Change 76.92% 793.42% 989.14%
LONG-TERM LIABILITIES
Long-Term Debt $4510B $9.198M $7.678M
YoY Change 58736550.45% 65321.62%
Other Long-Term Liabilities $17.06M $16.61M $2.963M
YoY Change 475.69% -46.07%
Total Long-Term Liabilities $4510B $25.81M $10.64M
YoY Change 42382417.32% 183444.17% 93.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.51M $62.03M $20.07M
Total Long-Term Liabilities $4510B $25.81M $10.64M
Total Liabilities $57.16M $87.84M $30.71M
YoY Change 86.11% 1256.59% 318.62%
SHAREHOLDERS EQUITY
Retained Earnings -$122.3M -$103.8M -$71.12M
YoY Change 71.9%
Common Stock $13.63K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.07M $93.27M $114.7M
YoY Change
Total Liabilities & Shareholders Equity $133.3M $180.6M $145.3M
YoY Change -8.24% 53.34% 4456.11%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$18.45M -$20.86M $2.300M
YoY Change -902.14% 733.32% -0.14%
Depreciation, Depletion And Amortization $17.14M $16.23M $6.136M
YoY Change 179.31% 293.13%
Cash From Operating Activities -$10.88M -$8.006M $14.62M
YoY Change -174.47% -1289.9% -2696.18%
INVESTING ACTIVITIES
Capital Expenditures $12.86M -$16.02M -$64.09M
YoY Change -120.07% -58.25%
Acquisitions
YoY Change
Other Investing Activities $35.79M $13.70M -$1.896M
YoY Change -1987.35% 533.17% -367.45%
Cash From Investing Activities $22.93M -$2.311M -$65.99M
YoY Change -134.74% -93.61% -9406.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.25M 6.727M 23.83M
YoY Change -151.43% -89.62%
NET CHANGE
Cash From Operating Activities -10.88M -8.006M 14.62M
Cash From Investing Activities 22.93M -2.311M -65.99M
Cash From Financing Activities -12.25M 6.727M 23.83M
Net Change In Cash -212.6K -3.591M -27.54M
YoY Change -99.23% -112.27% -18964.25%
FREE CASH FLOW
Cash From Operating Activities -$10.88M -$8.006M $14.62M
Capital Expenditures $12.86M -$16.02M -$64.09M
Free Cash Flow -$23.75M $8.010M $78.71M
YoY Change -130.17% -79.48% -14079.87%

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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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migi Lo2 A Write Offs
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us-gaap Increase Decrease In Trading Securities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Investment Income Interest
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migi Gain On Disposal Of Fixed Assets
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migi Increase Decrease Investment Income
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migi Noncontrolling Interest
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us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Other Current Assets
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5181533 usd
us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Other Accounts Payable
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38791001 usd
us-gaap Increase Decrease In Other Accounts Payable
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Other Assets Investing Activities
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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migi Proceeds From Issuance Of Shares And Warrants
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migi Proceeds From Issuance Of Shares And Warrants
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us-gaap Proceeds From Notes Payable
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments Of Stock Issuance Costs
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migi Payments Of Borrowings
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migi Payments Of Borrowings
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us-gaap Repayments Of Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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31270586 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Change In Reporting Entity Other Comprehensive Income Loss After Tax
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CY2022Q3 us-gaap Retained Earnings Appropriated
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92770000 usd
CY2022Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
103810000 usd
CY2022Q3 us-gaap Cash Available For Distributions
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1180000 usd
CY2022Q3 migi Purchase And Sale Agreement Description
PurchaseAndSaleAgreementDescription
the Company entered into a (i) Purchase and Sale Agreement (“Purchase Agreement”) with CleanSpark , Inc. (“CleanSpark”), and (ii) an Equipment Purchase and Sale Agreement. Pursuant of the Purchase Agreement, CleanSpark assumed from the Company a lease for approximately 16.35 acres of real property located in Sandersville, Washington County, Georgia, and all personal property situated on the property. This transaction closed on October 8, 2022, and CleanSpark paid the following consideration to the Company pursuant to the Purchase Agreement: (i) $13.50 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share, of CleanSpark (valued at $4.8 million on October 7, 2022), and (iii) $6.5 million in seller financing in the form of promissory notes. Pursuant to the Equipment Purchase and Sale Agreement, CleanSpark’s subsidiary purchased from the Company, 6,468 (which number was later reduced to 6,349 by amendment) application-specific integrated circuit miners for $9.48 million in cash (which was later reduced to $9.02 million by amendment). This transaction initially closed on October 8, 2022, and was amended on October 21, 2022.
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1361233 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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migi Lo2 A Write Offs
LO2AWriteOffs
23963050 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Increase Decrease In Trading Securities
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us-gaap Increase Decrease In Trading Securities
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us-gaap Increase Decrease In Derivative Liabilities
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us-gaap Other Noncash Income
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us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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us-gaap Loss On Sale Of Investments
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Investment Income Interest
InvestmentIncomeInterest
33153 usd
migi Gain Loss Foreign Exchange
GainLossForeignExchange
93139 usd
migi Gain On Disposal Of Fixed Assets
GainOnDisposalOfFixedAssets
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migi Increase Decrease Investment Income
IncreaseDecreaseInvestmentIncome
277817 usd
migi Noncontrolling Interest
NoncontrollingInterest
1244274 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
6180674 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5181533 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1150680 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
38791001 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
1077892 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25141208 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8337277 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37116302 usd
us-gaap Payments To Acquire Property Plant And Equipment
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30888288 usd
us-gaap Payments For Proceeds From Investments
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
335122 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13348629 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2157651 usd
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
100000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
32054326 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
33195637 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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migi Proceeds From Issuance Of Shares And Warrants
ProceedsFromIssuanceOfSharesAndWarrants
6478866 usd
migi Proceeds From Issuance Of Shares And Warrants
ProceedsFromIssuanceOfSharesAndWarrants
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
20301427 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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migi Payments Of Borrowings
PaymentsOfBorrowings
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migi Payments Of Borrowings
PaymentsOfBorrowings
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migi Advances Made To External Companies
AdvancesMadeToExternalCompanies
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us-gaap Repayments Of Debt
RepaymentsOfDebt
1340100 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
12686662 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26240336 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
86026426 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-199655 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates and Assumptions</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of income and expenses during the reporting periods. Actual results could differ from those estimates. The Company has considered the following to be significant estimates made by management, including but not limited to, going concern assumptions, estimating the useful lives of fixed assets, realization of long-lived assets, unrealized tax positions and the realization of digital currencies, valuing the derivative asset classified under Level 3 fair value hierarchy, business combinations, reverse asset acquisition, and the contingent obligation with respect to future revenues.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
3130638 usd
migi Increasedecrease Depriciation Charge
IncreasedecreaseDepriciationCharge
84735 usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
4195046 usd
CY2022Q3 us-gaap Derivative Assets
DerivativeAssets
21383904 usd
CY2022Q3 us-gaap Marketable Securities
MarketableSecurities
1706032 usd
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
326801 usd
migi Percentage Value Of The Observable Market Inputs
PercentageValueOfTheObservableMarketInputs
0.20 pure
migi Fair Value Of Level1 Assets Shares
FairValueOfLevel1AssetsShares
10000000 shares
CY2022Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
1710000 usd
migi Treasury Bond Term
TreasuryBondTerm
P10Y
migi Tax Benefit Percentage
TaxBenefitPercentage
0.50 pure
CY2022Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4284685 usd
CY2022Q2 migi Digital Currencies Balance
DigitalCurrenciesBalance
2.21
CY2021Q4 migi Digital Currencies Balance
DigitalCurrenciesBalance
0.92
CY2022Q3 migi Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
282.99
migi Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
1231.26
CY2022Q3 migi Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
-275.78
migi Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
-1222.76
CY2022Q3 migi Digital Currencies Balance
DigitalCurrenciesBalance
9.42
CY2022Q3 migi Digital Currencies Balance
DigitalCurrenciesBalance
9.42
migi Share Based Compensation Arrangement By Share Based Payments Warrant Issued
ShareBasedCompensationArrangementByShareBasedPaymentsWarrantIssued
40000000 shares
CY2021Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
10-for-1
migi Mandatory Convertible Notes To Exchange Common Stock
MandatoryConvertibleNotesToExchangeCommonStock
16951667 shares
migi Mandatory Convertible Notes To Exchange Common Stock
MandatoryConvertibleNotesToExchangeCommonStock
4222910 shares
migi Common Stock Due To Former Cosmos Shareholders
CommonStockDueToFormerCosmosShareholders
29459 shares
migi Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
2525485 shares
migi Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
4000000 shares
migi Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
19506611 shares
migi Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
8222910 shares
CY2022Q3 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-21251783 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-3097875 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-35227490 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-47923670 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
79366725 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
72952466 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
74353227 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
174470310 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
migi Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
8222910 shares
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
4195046 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31270586 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5467273 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1112811 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1182588 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32383397 usd
us-gaap Change In Reporting Entity Other Comprehensive Income Loss After Tax
ChangeInReportingEntityOtherComprehensiveIncomeLossAfterTax
35230000 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
24690000 usd
CY2022Q3 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
92770000 usd
CY2022Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
103810000 usd
CY2022Q3 us-gaap Cash Available For Distributions
CashAvailableForDistributions
1180000 usd
CY2022Q3 migi Purchase And Sale Agreement Description
PurchaseAndSaleAgreementDescription
the Company entered into a (i) Purchase and Sale Agreement (“Purchase Agreement”) with CleanSpark , Inc. (“CleanSpark”), and (ii) an Equipment Purchase and Sale Agreement. Pursuant of the Purchase Agreement, CleanSpark assumed from the Company a lease for approximately 16.35 acres of real property located in Sandersville, Washington County, Georgia, and all personal property situated on the property. This transaction closed on October 8, 2022, and CleanSpark paid the following consideration to the Company pursuant to the Purchase Agreement: (i) $13.50 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share, of CleanSpark (valued at $4.8 million on October 7, 2022), and (iii) $6.5 million in seller financing in the form of promissory notes. Pursuant to the Equipment Purchase and Sale Agreement, CleanSpark’s subsidiary purchased from the Company, 6,468 (which number was later reduced to 6,349 by amendment) application-specific integrated circuit miners for $9.48 million in cash (which was later reduced to $9.02 million by amendment). This transaction initially closed on October 8, 2022, and was amended on October 21, 2022.
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates and Assumptions</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of income and expenses during the reporting periods. Actual results could differ from those estimates. The Company has considered the following to be significant estimates made by management, including but not limited to, going concern assumptions, estimating the useful lives of fixed assets, realization of long-lived assets, unrealized tax positions and the realization of digital currencies, valuing the derivative asset classified under Level 3 fair value hierarchy, business combinations, reverse asset acquisition, and the contingent obligation with respect to future revenues.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
3130638 usd
migi Increasedecrease Depriciation Charge
IncreasedecreaseDepriciationCharge
84735 usd
CY2022Q3 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
120000000 shares
CY2022Q3 us-gaap Cash
Cash
32050000.00 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
76936850 usd
CY2022Q3 us-gaap Derivative Assets
DerivativeAssets
21383904 usd
CY2022Q3 us-gaap Marketable Securities
MarketableSecurities
1706032 usd
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
326801 usd
migi Percentage Value Of The Observable Market Inputs
PercentageValueOfTheObservableMarketInputs
0.20 pure
migi Fair Value Of Level1 Assets Shares
FairValueOfLevel1AssetsShares
10000000 shares
CY2022Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
1710000 usd
migi Treasury Bond Term
TreasuryBondTerm
P10Y
migi Tax Benefit Percentage
TaxBenefitPercentage
0.50 pure
CY2022Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
1000000 usd
CY2022Q2 migi Digital Currencies Balance
DigitalCurrenciesBalance
2.21
CY2021Q4 migi Digital Currencies Balance
DigitalCurrenciesBalance
0.92
CY2022Q3 migi Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
282.99
migi Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
1231.26
CY2022Q3 migi Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
-275.78
migi Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
-1222.76
CY2022Q3 migi Digital Currencies Balance
DigitalCurrenciesBalance
9.42
CY2022Q3 migi Digital Currencies Balance
DigitalCurrenciesBalance
9.42
migi Share Based Compensation Arrangement By Share Based Payments Warrant Issued
ShareBasedCompensationArrangementByShareBasedPaymentsWarrantIssued
40000000 shares
CY2021Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
10-for-1
migi Mandatory Convertible Notes To Exchange Common Stock
MandatoryConvertibleNotesToExchangeCommonStock
16951667 shares
migi Mandatory Convertible Notes To Exchange Common Stock
MandatoryConvertibleNotesToExchangeCommonStock
4222910 shares
migi Common Stock Due To Former Cosmos Shareholders
CommonStockDueToFormerCosmosShareholders
29459 shares
migi Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
2525485 shares
migi Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
4000000 shares
migi Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
19506611 shares
us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
The lease term was originally for 1 acre from May 1, 2020, until April 30, 2023. An amendment to the lease and exercise of option to lease 4 additional acres was signed and became effective February 23, 2021. A further amendment to the lease and exercise of option to lease was signed and became effective August 24, 2021. The Lease Amendment covers an additional 11.35 acres of the property, bringing the total to 16.35 acres under the lease. It also includes 5, 3-year extension options bringing the total lease period to run potentially until 2038.
CY2022Q3 us-gaap Area Of Land
AreaOfLand
1076 sqft
CY2022Q3 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
6 acre
CY2022Q1 us-gaap Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
The term of the lease is for 5 years, with 2 options to extend for 5 years each.
CY2022Q2 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
11 acre
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8143 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
20519 usd
CY2022Q3 migi Interest On Lease Obligations1
InterestOnLeaseObligations1
2351 usd
migi Interest On Lease Obligations1
InterestOnLeaseObligations1
6290 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
195120230 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
95150522 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57717088 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18213672 usd
migi Provision For Impairment
ProvisionForImpairment
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CY2022Q3 migi Reclassification To Assets Held For Sales
ReclassificationToAssetsHeldForSales
-20701544 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
112506552 usd
CY2021Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
4129862 usd
CY2022Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
16252106 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-21251783 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-3097875 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-35227490 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-47923670 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
79366725 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
72952466 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
74353227 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
174470310 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2022Q3 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
120000000 shares
CY2022Q3 us-gaap Cash
Cash
32050000.00 usd
us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
The lease term was originally for 1 acre from May 1, 2020, until April 30, 2023. An amendment to the lease and exercise of option to lease 4 additional acres was signed and became effective February 23, 2021. A further amendment to the lease and exercise of option to lease was signed and became effective August 24, 2021. The Lease Amendment covers an additional 11.35 acres of the property, bringing the total to 16.35 acres under the lease. It also includes 5, 3-year extension options bringing the total lease period to run potentially until 2038.
CY2022Q3 us-gaap Area Of Land
AreaOfLand
1076 sqft
CY2022Q3 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
6 acre
CY2022Q1 us-gaap Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
The term of the lease is for 5 years, with 2 options to extend for 5 years each.
CY2022Q2 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
11 acre
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8143 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
20519 usd
CY2022Q3 migi Interest On Lease Obligations1
InterestOnLeaseObligations1
2351 usd
migi Interest On Lease Obligations1
InterestOnLeaseObligations1
6290 usd
CY2022Q3 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-21251783 usd
CY2021Q3 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-3097875 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
46061673 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
7977800 usd
migi Impairment Charges
ImpairmentCharges
4195046 usd
migi Assets Held For Sale Description
AssetsHeldForSaleDescription
Total consideration for the sale of the Bitcoin Mining facility was (i) $22.52 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share of CleanSpark, and (iii) $6.5 million in Seller financing in the form of promissory notes. Total consideration for the application-specific integrated circuit miners was $9.48 million in cash (which was later reduced to $9.02 million upon reduction in the number of miners). 
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
20701544 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
944790 usd
CY2022Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current Other
AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther
21646334 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
967490 usd
CY2022Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
967490 usd
CY2022Q2 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
42562432 shares
us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
10000000 shares
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1710000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-35227490 usd
us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-47923670 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q3 migi Common Stock Conversion
CommonStockConversion
727125 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3524189 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
14703478 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.17
migi Sharebased Compensation Arrangement By Sharebased Payment Award Options Issued Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsIssuedWeightedAverageRemainingContractualTerm
P3Y9M14D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1276000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16951667 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.17
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M14D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
16951667 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.17
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M14D
CY2022Q1 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2023-08-23
CY2022Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3850000 shares
CY2022Q1 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
6.5
CY2022Q1 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
20000000 usd
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
8000000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
10000000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.01
migi Warrant Exercises To Convert Into Common Stock
WarrantExercisesToConvertIntoCommonStock
2003125 shares
us-gaap Development Costs
DevelopmentCosts
300000 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
1 pure
CY2022Q2 us-gaap Shares Issued
SharesIssued
107042254 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3524189 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
14703478 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.17
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
195120230 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
95150522 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57717088 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18213672 usd
migi Provision For Impairment
ProvisionForImpairment
-4195046 usd
CY2022Q3 migi Reclassification To Assets Held For Sales
ReclassificationToAssetsHeldForSales
-20701544 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
112506552 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
76936850 usd
CY2022Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
16252106 usd
CY2021Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
4129862 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
46061673 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
7977800 usd
migi Impairment Charges
ImpairmentCharges
4195046 usd
migi Assets Held For Sale Description
AssetsHeldForSaleDescription
Total consideration for the sale of the Bitcoin Mining facility was (i) $22.52 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share of CleanSpark, and (iii) $6.5 million in Seller financing in the form of promissory notes. Total consideration for the application-specific integrated circuit miners was $9.48 million in cash (which was later reduced to $9.02 million upon reduction in the number of miners). 
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
20701544 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
944790 usd
CY2022Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current Other
AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther
21646334 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
967490 usd
CY2022Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
967490 usd
CY2022Q2 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
42562432 shares
us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
10000000 shares
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1710000 usd
CY2022Q3 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-21251783 usd
CY2021Q3 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-3097875 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-35227490 usd
us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
-47923670 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q3 migi Common Stock Conversion
CommonStockConversion
727125 shares
migi Sharebased Compensation Arrangement By Sharebased Payment Award Options Issued Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsIssuedWeightedAverageRemainingContractualTerm
P3Y9M14D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1276000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16951667 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.17
CY2022Q3 migi Purchasesandsaleagreementdescription
Purchasesandsaleagreementdescription
the Company entered into a (i) Purchase and Sale Agreement with CleanSpark, and (ii) an Equipment Purchase and Sale Agreement. Pursuant of the Purchase Agreement, CleanSpark assumed from the Company a lease for approximately 16.35 acres of real property located in Sandersville, Washington County, Georgia, and all personal property situated on the Property. This transaction closed on October 8, 2022, and CleanSpark paid the following consideration to the Company pursuant to the Purchase Agreement: (i) $13.50 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share of CleanSpark (valued at $4.8 million on October 7, 2022), and (iii) $6.5 million in Seller financing in the form of promissory notes. Pursuant to the Equipment Purchase Agreement, CleanSpark purchased from the Company, 6,468 (which number was later reduced to 6,349) application-specific integrated circuit miners, this transaction closed on October 8, 2022 for $9.48 million in cash (which was later reduced to $9.02 million upon reduction in the number of miners). There is also additional potential consideration payable pursuant to the Purchase and Sale Agreement of; (i) up to 1,100,890 shares of CleanSpark Common Stock dependent the number of modular data centers on the Property occupied by the Company being emptied and made available for use by CleanSpark, and (ii) $2 million in a Seller-financed earn-out if CleanSpark is able to utilize at least an additional 150 MW of power on the property by the six month anniversary of the Closing Date.
CY2021Q4 us-gaap Short Term Debt Description
ShortTermDebtDescription
On October 15, 2021, the Company acquired 2,000 Whatsminers M30S for delivery in October 2021 from Foundry Digital LLC for a total consideration of $16,481,328. The Company paid a deposit of $3,202,766 and entered into an extension of the original Foundry finance agreement with Foundry for the balance of the consideration over a 12-month term, of which $1.42 million is outstanding at September 30, 2022.
CY2021Q4 us-gaap Long Term Debt Description
LongTermDebtDescription
In December 2021 MIG No. 1 Pty Ltd entered into a Secured Loan Facility Agreement with Marshall Investments MIG Pty Ltd which was payable in three tranches. The first tranche was received during December 2021 with an amount of $7.86 million. Tranche two and three were received during January and February 2022 with a total amount of $7.11 million. The loan matures in 2024 and bears interest at a rate of 12.00% per annum, payable monthly which commenced December 2021. This loan facility is secured by a general security agreement given by the Company. Principal repayments begin during 2023.
CY2022Q3 us-gaap Other Liabilities
OtherLiabilities
3890000 usd
CY2022Q1 migi Celsius Loan
CelsiusLoan
20000000 usd
CY2022Q1 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.12 pure
migi Amortize Loan Rate
AmortizeLoanRate
0.15 pure
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-08-23
CY2022Q3 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesOutstandingBalance
17590000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
3000000 aud
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
1900000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
8000000 aud
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
5200000 usd
CY2022Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
7400000 aud
CY2022Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
4800000 usd
CY2022Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.12 pure
CY2022Q3 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
3600000 usd
CY2022Q3 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
3600000 usd
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.85
CY2022Q3 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
3100000 usd
CY2022Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q1 migi Lease Extend Term
LeaseExtendTerm
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M14D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
16951667 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.17
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M14D
CY2022Q1 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2023-08-23
CY2022Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3850000 shares
CY2022Q1 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
6.5
CY2022Q1 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
20000000 usd
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
8000000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
10000000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.01
migi Warrant Exercises To Convert Into Common Stock
WarrantExercisesToConvertIntoCommonStock
2003125 shares
us-gaap Development Costs
DevelopmentCosts
300000 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
1 pure
CY2022Q2 us-gaap Shares Issued
SharesIssued
107042254 shares
CY2022Q3 migi Purchasesandsaleagreementdescription
Purchasesandsaleagreementdescription
the Company entered into a (i) Purchase and Sale Agreement with CleanSpark, and (ii) an Equipment Purchase and Sale Agreement. Pursuant of the Purchase Agreement, CleanSpark assumed from the Company a lease for approximately 16.35 acres of real property located in Sandersville, Washington County, Georgia, and all personal property situated on the Property. This transaction closed on October 8, 2022, and CleanSpark paid the following consideration to the Company pursuant to the Purchase Agreement: (i) $13.50 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share of CleanSpark (valued at $4.8 million on October 7, 2022), and (iii) $6.5 million in Seller financing in the form of promissory notes. Pursuant to the Equipment Purchase Agreement, CleanSpark purchased from the Company, 6,468 (which number was later reduced to 6,349) application-specific integrated circuit miners, this transaction closed on October 8, 2022 for $9.48 million in cash (which was later reduced to $9.02 million upon reduction in the number of miners). There is also additional potential consideration payable pursuant to the Purchase and Sale Agreement of; (i) up to 1,100,890 shares of CleanSpark Common Stock dependent the number of modular data centers on the Property occupied by the Company being emptied and made available for use by CleanSpark, and (ii) $2 million in a Seller-financed earn-out if CleanSpark is able to utilize at least an additional 150 MW of power on the property by the six month anniversary of the Closing Date.
CY2021Q4 us-gaap Short Term Debt Description
ShortTermDebtDescription
On October 15, 2021, the Company acquired 2,000 Whatsminers M30S for delivery in October 2021 from Foundry Digital LLC for a total consideration of $16,481,328. The Company paid a deposit of $3,202,766 and entered into an extension of the original Foundry finance agreement with Foundry for the balance of the consideration over a 12-month term, of which $1.42 million is outstanding at September 30, 2022.
CY2021Q4 us-gaap Long Term Debt Description
LongTermDebtDescription
In December 2021 MIG No. 1 Pty Ltd entered into a Secured Loan Facility Agreement with Marshall Investments MIG Pty Ltd which was payable in three tranches. The first tranche was received during December 2021 with an amount of $7.86 million. Tranche two and three were received during January and February 2022 with a total amount of $7.11 million. The loan matures in 2024 and bears interest at a rate of 12.00% per annum, payable monthly which commenced December 2021. This loan facility is secured by a general security agreement given by the Company. Principal repayments begin during 2023.
CY2022Q3 us-gaap Other Liabilities
OtherLiabilities
3890000 usd
CY2022Q1 migi Celsius Loan
CelsiusLoan
20000000 usd
CY2022Q1 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.12 pure
migi Amortize Loan Rate
AmortizeLoanRate
0.15 pure
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-08-23
CY2022Q3 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesOutstandingBalance
17590000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
3000000 aud
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
1900000 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
8000000 aud
CY2022Q1 migi Rent Expenses Percentage
RentExpensesPercentage
0.04 pure
CY2022Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
240000 usd
CY2022Q3 us-gaap Due To Officers Or Stockholders Noncurrent
DueToOfficersOrStockholdersNoncurrent
168084 usd
CY2022Q3 us-gaap Due To Officers Or Stockholders Current And Noncurrent
DueToOfficersOrStockholdersCurrentAndNoncurrent
43384 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2022Q3 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
5200000 usd
CY2022Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
7400000 aud
CY2022Q3 us-gaap Subsequent Event Description
SubsequentEventDescription
the Company entered into a (i) Purchase and Sale Agreement with CleanSpark, and (ii) an Equipment Purchase and Sale Agreement. Pursuant of the Purchase Agreement, CleanSpark assumed from the Company a lease for approximately 16.35 acres of real property located in Sandersville, Washington County, Georgia, and all personal property situated on the Property. This transaction closed on October 8, 2022, and CleanSpark paid the following consideration to the Company pursuant to the Purchase Agreement: (i) $13.50 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share of CleanSpark (valued at $4.8 million on October 7, 2022), and (iii) $6.5 million in Seller financing in the form of promissory notes. Pursuant to the Equipment Purchase Agreement, CleanSpark purchased from the Company, 6,468 (which number was later reduced to 6,349) application-specific integrated circuit miners, this transaction closed on October 8, 2022 for $9.48 million in cash (which was later reduced to $9.02 million upon reduction in the number of miners).
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
1100890 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
4500000 usd
migi Earn Out Shares Percentage
EarnOutSharesPercentage
1 pure
CY2022Q3 migi Earn Out Payable
EarnOutPayable
2000000 usd
CY2021Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
usd
CY2021Q4 migi Liabilities Held For Sales
LiabilitiesHeldForSales
usd
CY2021Q4 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
usd
CY2021Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2021Q3 migi Net Energy Benefits
NetEnergyBenefits
usd
CY2022Q3 migi Lo2 A Write Off
LO2AWriteOff
usd
migi Lo2 A Write Off
LO2AWriteOff
usd
CY2021Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
usd
migi Lo2 A Write Offs
LO2AWriteOffs
usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
usd
us-gaap Other Noncash Income
OtherNoncashIncome
usd
us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
usd
migi Gain Loss Foreign Exchange
GainLossForeignExchange
usd
migi Gain On Disposal Of Fixed Assets
GainOnDisposalOfFixedAssets
usd
migi Increase Decrease Investment Income
IncreaseDecreaseInvestmentIncome
usd
migi Noncontrolling Interest
NoncontrollingInterest
usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
usd
CY2022Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
4800000 usd
CY2022Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.12 pure
CY2022Q3 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
3600000 usd
CY2022Q3 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
3600000 usd
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.85
CY2022Q3 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
3100000 usd
CY2022Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q1 migi Lease Extend Term
LeaseExtendTerm
P5Y
CY2022Q1 migi Rent Expenses Percentage
RentExpensesPercentage
0.04 pure
CY2022Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
240000 usd
CY2022Q3 us-gaap Due To Officers Or Stockholders Noncurrent
DueToOfficersOrStockholdersNoncurrent
168084 usd
CY2022Q3 us-gaap Due To Officers Or Stockholders Current And Noncurrent
DueToOfficersOrStockholdersCurrentAndNoncurrent
43384 usd
CY2022Q3 us-gaap Subsequent Event Description
SubsequentEventDescription
the Company entered into a (i) Purchase and Sale Agreement with CleanSpark, and (ii) an Equipment Purchase and Sale Agreement. Pursuant of the Purchase Agreement, CleanSpark assumed from the Company a lease for approximately 16.35 acres of real property located in Sandersville, Washington County, Georgia, and all personal property situated on the Property. This transaction closed on October 8, 2022, and CleanSpark paid the following consideration to the Company pursuant to the Purchase Agreement: (i) $13.50 million in cash; (ii) 1,590,175 shares of common stock, par value $0.001 per share of CleanSpark (valued at $4.8 million on October 7, 2022), and (iii) $6.5 million in Seller financing in the form of promissory notes. Pursuant to the Equipment Purchase Agreement, CleanSpark purchased from the Company, 6,468 (which number was later reduced to 6,349) application-specific integrated circuit miners, this transaction closed on October 8, 2022 for $9.48 million in cash (which was later reduced to $9.02 million upon reduction in the number of miners).
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
1100890 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
4500000 usd
migi Earn Out Shares Percentage
EarnOutSharesPercentage
1 pure
CY2022Q3 migi Earn Out Payable
EarnOutPayable
2000000 usd
CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
migi Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001218683
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.47
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
usd
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72952466 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74353227 shares
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
migi Advances Made To External Companies
AdvancesMadeToExternalCompanies
usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
usd
migi Common Stock Due To Former Cosmos Shareholders
CommonStockDueToFormerCosmosShareholders
shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174470310 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79366725 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
usd
CY2021Q3 migi Interest On Lease Obligations1
InterestOnLeaseObligations1
usd
migi Interest On Lease Obligations1
InterestOnLeaseObligations1
usd
CY2021 migi Provision For Impairment
ProvisionForImpairment
usd
CY2021Q4 migi Reclassification To Assets Held For Sales
ReclassificationToAssetsHeldForSales
usd
CY2021 migi Impairment Charges
ImpairmentCharges
usd
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
migi Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001218683

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