What changed in this filing

/stocks — the workspaceLOADING

Item 4. Controls and Procedures

2023-05-22 compared with 2022-11-21 · 51 added, 40 removed, 28 unchanged (76% of the section changed)

2 unchanged sentences

We have established disclosure

controls and procedures designed to ensure that information required to be disclosed in the reports that we file or submit under the Exchange

Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms and is accumulated and communicated

to management, including the principal executive officer and principal financial officer, to allow timely decisions regarding required

controls and procedures designed to ensure that information required to be disclosed in the reports that we file or submit under the

Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms and is accumulated

and communicated to management, including the principal executive officer and principal financial officer, to allow timely decisions

regarding required disclosure.

Our principal executive officer

7 unchanged sentences

31, 2022, the end of its most recent fiscal year.

Specifically, management has

determined that we do not have sufficient resources in our accounting function, which restricts our ability to gather, analyze and properly

review information related to financial reporting, including applying complex accounting principles relating to consolidation accounting

and fair value estimates, in a timely manner.

Due to our size and nature, segregation of all conflicting duties may not always be possible

and may not be economically feasible.

However, to the extent possible, the initiation of transactions, the custody of assets and the recording

of transactions should be performed by separate individuals.

Management has identified

the following material weaknesses:

We do not have sufficient resources in our accounting department, which restricts our ability to gather,

analyze and properly review information related to financial reporting, including applying complex accounting principles relating to consolidation

accounting, fair value estimates and analysis of financial instruments for proper classification in the consolidated financial statements,

in a timely manner;

Due to our size and nature, segregation of all conflicting duties may not always be possible and may not

be economically feasible.

However, to the extent possible, the initiation of transactions, the custody of assets and the recording of

transactions should be performed by separate individuals.

Management evaluated the impact of our failure to have segregation of duties

1 unchanged sentence

material weakness;

Our primary user access controls (i.e.

provisioning, de-provisioning, privileged access and user access reviews) to

ensure appropriate authorization and segregation of duties that would adequately restrict user and privileged access to the financially

relevant systems and data to appropriate personnel were not designed and/or implemented effectively.

We did not design and/or implement

sufficient controls for program change management to certain financially relevant systems affecting our processes.

A material weakness is a control

deficiency or combination of control deficiencies that result in more than a remote likelihood that a material misstatement of the annual

or interim financial statements will not be prevented or detected.

Our primary user access controls (i.e., provisioning, de-provisioning, privileged access and user access

reviews) to ensure appropriate authorization and segregation of duties that would adequately restrict user and privileged access to the

financially relevant systems and data to appropriate personnel were not designed and/or implemented effectively.

We did not design and/or

implement sufficient controls for program change management to certain financially relevant systems affecting our processes;

The Company did not design and/or implement user access controls to ensure appropriate segregation of

duties or program change management controls for certain financially relevant systems impacting the Company’s processes around revenue

recognition and digital assets to ensure that IT program and data changes affecting the Company’s (i) financial IT applications,

(ii) digital currency mining equipment, and (iii) underlying accounting records, are identified, tested, authorized and implemented appropriately

to validate that data produced by its relevant IT system(s) were complete and accurate.

Automated process-level controls and manual controls

that are dependent upon the information derived from such financially relevant systems were also determined to be ineffective as a result

of such deficiency.

In addition, the Company has not effectively designed a manual key control to detect material misstatements in revenue.

Planned Remediation

continues to work to improve its controls related to our material weaknesses, specifically relating to user access and change management

surrounding our IT systems and applications.

Management will continue to implement measures to remediate material weaknesses, such that

these controls are designed, implemented, and operating effectively.

Management continues to work

to improve its controls related to our material weaknesses, specifically relating to user access and change management surrounding our

IT systems and applications.

Management will continue to implement measures to remediate material weaknesses, such that these controls

are designed, implemented, and operating effectively.

The remediation actions include:

(i) enhancing design and documentation

related to both user access and change management processes and control activities;

(i) enhancing design and documentation related

to both user access and change management processes and control activities;

and (ii) developing and communicating additional policies

2 unchanged sentences

commenced the following actions and will continue to assess additional opportunities for remediation on an ongoing basis:

· Engaging a third-party specialist to assist management with improving the

Company’s overall control environment, focusing on change management and access controls;

· Implementing new applications and systems that are aligned with management’s

focus on creating strong internal controls;

· Continuing to increase headcount across the Company, with a particular focus

on hiring individuals with strong Sarbanes Oxley and internal control backgrounds.

are currently working to improve and simplify our internal processes and implement enhanced controls, as discussed above, to address the

material weaknesses in our internal control over financial reporting and to remedy the ineffectiveness of our disclosure controls and

These material weaknesses will not be considered to be remediated until the applicable remediated controls are operating for

a sufficient period of time and management has concluded, through testing, that these controls are operating effectively.

· Engaging a third-party specialist to assist management with improving the Company’s overall control

environment, focusing on change management and access controls;

· Implementing new applications and systems that are aligned with management’s focus on creating strong

internal controls;

· Continuing to increase headcount across the Company, with a particular focus on hiring individuals with

strong Sarbanes Oxley and internal control backgrounds.

We are currently working to

improve and simplify our internal processes and implement enhanced controls, as discussed above, to address the material weaknesses in

our internal control over financial reporting and to remedy the ineffectiveness of our disclosure controls and procedures.

These material

weaknesses will not be considered to be remediated until the applicable remediated controls are operating for a sufficient period of time

and management has concluded, through testing, that these controls are operating effectively.

Despite the existence of these

material weaknesses, we believe that the consolidated financial statements included in the period covered by this Quarterly Report on

Form 10-Q fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented

in conformity with U.S.

material weaknesses, we believe that the condensed consolidated financial statements included in the period covered by this Quarterly

Report on Form 10-Q fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods

presented in conformity with U.S.

generally accepted accounting principles.

1 unchanged sentence

Except as detailed above,

during the most recent fiscal quarter of 2022, there were no significant changes in our internal control over financial reporting (as

during the fiscal quarter ended March 31, 2023, there were no significant changes in our internal control over financial reporting (as

such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that have materially affected or are reasonably likely to materially

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures