Up North Business Combination / Bitworks Asset Acquisition (Tables)

12 Months Ended

Dec. 31, 2021

Up North Business Combination Bitworks Asset Acquisition Abstract

Schedule of identified assets acquired and liabilities assumed relating to the Acquisition

(In thousands of dollars)	UNH Acquisition Fair Value			Bitworks Equipment Fair Value		Aggregate Fair Value
Cash	$	87		$	-	$	87
Accounts receivable		67			-		67
Prepaid assets and other current assets		1			-		1
Property and equipment		1,098			694		1,792
Property tax abatement intangible		90			-		90
Other assets		34			-		34
Accounts payable		(90	)		-		(90	)
Accrued liabilities		(54	)		-		(54	)
Fair value allocated to net assets / (liabilities)	$	1,233		$	694	$	1,927
Fair value of transaction consideration	$	706		$	694	$	1,400
Fair value of equity method investment exchanged		631			-		631
Effective settlement of intercompany transactions		(104	)		-		(104	)
Fair value of purchase consideration	$	1,233		$	694	$	1,927