v3.25.2
Revenue by Categories
 6 Months Ended
Jun. 30, 2025
Revenue by Categories [Abstract]  
REVENUE BY CATEGORIES

13. REVENUE BY CATEGORIES

 

Revenue by products or services

 

For the six months ended June 30, 2025 and 2024, the Company operates in a single operating segment that mainly includes: 1) cloud mining solutions services; 2) self-mining; 3) sale of mining equipment; and 4) hosting services and others.

 

The following table summarizes the revenue generated from different revenue streams:

 

   For the Six Months Ended
June 30,		 
   2025   2024 
         
Cloud mining solutions   147,980    158,526 
BTC self-mining revenue   32,357    111,130 
Sales of mining equipment   11,275    828 
Hosting services and others   1,827    3,348 
Total revenues   193,439    273,832 

Revenue by geographical location

 

The following table also summarizes the revenue (excluding self-mining revenue) generated from different continents:

 

   For the Six Months Ended June 30, 
   2025   2024 
   Amount   %   Amount   % 
                 
Africa   60,488    38%   *    * 
Asia   39,913    25%   43,903    27%
North America   32,556    20%   80,917    50%
Oceania   22,866    14%   *    * 
Europe   2,338    1%   33,224    20%
Others   2,921    2%   4,658    3%
Total revenues (i)   161,082    100%   162,702    100%
*Less than 1%

 

The basis for attributing revenues by continents is based on the customers’ KYC (“Know Your Customer”) information, which indicates the country or region where a corporate customer was incorporated or the place of residence of an individual customer.

 

(i)Total revenue excludes Bitcoin self-mining revenue.

 

Revenue by consideration

 

The amount of revenue recognized from receipt of digital assets and receipt of US dollars is presented separately as following:

 

   For the Six Months Ended
June 30,		 
   2025   2024 
         
Revenue recognized in digital assets payment   191,195    273,832 
Revenue recognized in US dollars payment   2,244    - 
Total revenues   193,439    273,832