4.
DIGITAL ASSET COLLATERAL RECEIVABLE
The
following table presents the Company’s digital assets pledged as collateral for loan borrowings and accounts payable at the end
of the period:
| | |
As
of | |
| | |
June
30, 2025 | | |
December
31, 2024 | |
| | |
Quantity | | |
Fair
value | | |
Quantity | | |
Fair
value | |
| | |
| | |
| | |
| | |
| |
| Pledged
BTC- current (1) | |
| 87 | | |
| 9,397 | | |
| 131 | | |
| 12,569 | |
| Pledged
BTC-non-current (2) | |
| 591 | | |
| 63,140 | | |
| 502 | | |
| 47,827 | |
| Digital
asset collateral receivable | |
| 678 | | |
| 72,537 | | |
| 633 | | |
| 60,396 | |
| (1) | The BTC was pledged for the accounts payable due to a supplier of mining equipment, who is a related party of the Company. This collateral is expected to be released when the related outstanding payables are paid within one year. |
| (2) | The BTC was pledged for long-term loans (see Note 10). This collateral is expected to be released when the related loans are matured and repaid after one year. |
|