| CRYPTO ASSETS |
8. CRYPTO
ASSETS
The following table presents
revenue from mined crypto assets for the three months ended March 31, 2025 and 2024:
| Schedule of revenue from crypto assets | |
| |
| | |
For the Three Months Ended | |
| | |
March 31, | |
| | |
2025 | | |
2024 | |
| Revenue from mined crypto assets at Sentinum owned and operated facilities | |
$ | 5,198,000 | | |
$ | 8,862,000 | |
| Revenue from Sentinum crypto mining equipment hosted at third-party facilities | |
| - | | |
| 2,585,000 | |
| Revenue, crypto assets mining | |
$ | 5,198,000 | | |
$ | 11,447,000 | |
The following table presents
the activities of the crypto assets (included in prepaid expenses and other current assets) for the three months ended March 31, 2025
and 2024:
| Schedule of activities of the crypto assets | |
| |
| | |
For the Three Months Ended | |
| | |
March 31, | |
| | |
2025 | | |
2024 | |
| Balance at January 1 | |
$ | 182,000 | | |
$ | 546,000 | |
| Additions of mined crypto assets | |
| 5,198,000 | | |
| 8,862,000 | |
| Sale of crypto assets | |
| (5,227,000 | ) | |
| (8,634,000 | ) |
| Payments to vendors with crypto assets | |
| (8,000 | ) | |
| (8,000 | ) |
| Payment of notes payable with crypto assets | |
| - | | |
| (506,000 | ) |
| Payment of interest payable with crypto assets | |
| - | | |
| (142,000 | ) |
| Realized (losses) gains on sale of crypto assets | |
| (35,000 | ) | |
| 738,000 | |
| Unrealized (loss) gain on crypto assets | |
| (8,000 | ) | |
| 43,000 | |
| Balance at March 31 | |
$ | 102,000 | | |
$ | 899,000 | |
|