| Components of Fixed Assets |
The components of fixed assets as of June 30, 2025 and December 31, 2024 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life (Years) |
|
June 30, 2025 |
|
|
December 31, 2024 |
|
Mining machines |
|
4 |
|
$ |
|
27,714,573 |
|
|
$ |
|
28,852,428 |
|
Mining site equipment |
|
6-10 |
|
|
|
1,921,318 |
|
|
|
|
1,921,318 |
|
Real estate assets owned |
|
30 |
|
|
|
80,056 |
|
|
|
|
80,057 |
|
Furniture, computer and office equipment |
|
3-5 |
|
|
|
307,593 |
|
|
|
|
283,192 |
|
Construction in progress |
|
|
|
|
|
352,810 |
|
|
|
|
- |
|
Gross fixed assets |
|
|
|
|
|
30,376,350 |
|
|
|
|
31,136,995 |
|
Less: accumulated depreciation |
|
|
|
|
|
(15,858,407 |
) |
|
|
|
(12,760,047 |
) |
Fixed assets, net |
|
|
|
$ |
|
14,517,943 |
|
|
$ |
|
18,376,948 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Intangible Assets |
Intangible assets as of June 30, 2025 and December 31, 2024 consist of the following:
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|
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|
|
|
|
|
|
|
|
|
Useful Life (Years) |
June 30, 2025 |
|
|
December 31, 2024 |
|
Power and interconnection rights |
|
25 |
$ |
|
5,497,282 |
|
|
$ |
|
5,497,282 |
|
Gross intangible assets |
|
|
|
|
5,497,282 |
|
|
|
|
5,497,282 |
|
Less: accumulated amortization |
|
|
|
|
(128,270 |
) |
|
|
|
(18,324 |
) |
Total intangible assets, net |
|
|
$ |
|
5,369,012 |
|
|
$ |
|
5,478,958 |
|
|
|
|
|
|
|
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|
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|