v3.26.1
Commitments and Contingencies (Details Narrative) - USD ($)
$ in Thousands
12 Months Ended
Apr. 01, 2023
Mar. 16, 2023
Dec. 31, 2025
Dec. 31, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Rental payments     $ 0 $ 0
Lease incentive loss $ 184 $ 184    
Operating lease liability     $ 20
Common stock, shares issued     4,640,670,903 2,490,670,903
Common Stock [Member]        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Shares issued under lease agreement, value     $ 113 $ 420
Shares issued under lease agreement, shares     0 62,000,000
Lease liability     $ 20 $ 96
Common stock to be issued, shares     56,000,000  
Operating lease liability     $ 360  
Common stock, shares issued     88,000,000  
Partnership Agreement [Member]        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Rental payments   5    
Initial deposit on electricity deployment   $ 229    
Other Commitment   Pursuant to the Partnership Agreement, the Company agreed to issue Tenant 500,000 shares its common stock per month for each rented Space (the “Monthly Issuances”), and to also issue an additional number of shares of common stock annually equal to 100% of the Monthly Issuances for the applicable year (the “Annual Issuances,” and together with the Monthly Issuances, collectively, the “Issuances”). Further, pursuant to the Partnership Agreement, the Company provided Tenant with the option (the “Option”) to lend MGT up to $1 million evidenced by a convertible promissory note that is convertible into 25% of the Company’s outstanding common stock, assuming all $1 million is lent, on a pro-forma, post-issuance basis (the “Note”), together with an accompanying warrant to purchase 60% of the shares of common stock underlying the Note (the “Warrant”). The terms of the Note and Warrant would be substantially similar to the September 2022 Note and accompanying warrants that were issued by the Company along with that note. If the Option is exercised, the parties may elect to substitute the $1 million purchase price, in whole or in part, with equipment and infrastructure improvements to enable the Company to have access to up to an additional 10 MWs of electricity to the facility’s currently available electrical power capacity.