7.
OTHER CURRENT ASSETS, NET
Other
current assets consisted of the following:
| | |
As
of | |
| | |
June
30,
2025 | | |
December
31,
2024 | |
| | |
| | |
| |
| Other
receivables due from third parties (1) | |
| 11,984 | | |
| 6,214 | |
| Deposits
due from third parties(2) | |
| 5,667 | | |
| 5,506 | |
| Others | |
| 686 | | |
| 90 | |
| Other
current assets, gross | |
| 18,337 | | |
| 11,810 | |
| Less:
Allowance for credit losses | |
| (100 | ) | |
| (100 | ) |
| Other
current assets, net | |
| 18,237 | | |
| 11,710 | |
| (1) | Among the balance of other receivables due from third parties, $8.2 million was secured by collateral digital assets, recorded in “Obligation to Return Collateral Digital Assets,” and accrues interest at an annual rate of 7.5%. The obligations mature between December 2025 and April 2026. |
| (2) | The balance of deposits due from third parties primarily represented the deposits paid to the owner or operator of mining facilities and will be received upon termination of the service agreements. |
|