| DIGITAL ASSETS |
NOTE 8: DIGITAL ASSETS
Bitcoin transactions and the corresponding values for the years ended December 31, 2025 and 2024 were
as follows:
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | |
| | |
Quantity | | |
Value ($) | | |
Quantity | | |
Value ($) | |
| Balance of digital assets including restricted digital assets as of January 1, | |
| 1,285 | | |
| 120,124 | | |
| 804 | | |
| 33,971 | |
| Bitcoin earned* | |
| 2,008 | | |
| 202,691 | | |
| 1,992 | | |
| 126,920 | |
| Bitcoin earned from discontinued operations | |
| 579 | | |
| 58,713 | | |
| 922 | | |
| 59,607 | |
| Hosting revenue received in Bitcoin | |
| 46 | | |
| 1,527 | | |
| — | | |
| — | |
| Bitcoin received in exchange for goods | |
| 10 | | |
| 1,128 | | |
| — | | |
| — | |
| Change in Bitcoin earned, not received | |
| (6 | ) | |
| (512 | ) | |
| — | | |
| — | |
| Bitcoin exchanged for cash | |
| (1,765 | ) | |
| (171,091 | ) | |
| (2,419 | ) | |
| (152,135 | ) |
| Bitcoin exchanged for goods and services | |
| (97 | ) | |
| (9,992 | ) | |
| (14 | ) | |
| (1,463 | ) |
| Realized gain on disposition of digital assets | |
| — | | |
| 28,219 | | |
| — | | |
| 27,209 | |
| Change in fair value of digital assets | |
| — | | |
| (50,522 | ) | |
| — | | |
| 26,015 | |
| Balance of digital assets including restricted digital assets as of December 31,* | |
| 2,060 | | |
| 180,285 | | |
| 1,285 | | |
| 120,124 | |
| Less: Restricted digital assets as of December 31,** | |
| (64 | ) | |
| (5,559 | ) | |
| (351 | ) | |
| (32,826 | ) |
| Balance of digital assets excluding restricted digital assets as of December 31, | |
| 1,996 | | |
| 174,726 | | |
| 934 | | |
| 87,298 | |
| * | Management estimates the fair value of Bitcoin earned on
a daily basis as the quantity of cryptocurrency received multiplied by the price quoted on Coinbase Prime on the day it was received.
Management considers the prices quoted on Coinbase Prime to be a Level 1 input under ASC 820, Fair Value Measurement. |
| ** | As of December 31, 2025, Restricted digital assets comprise
Bitcoin held by a third party in connection with Bitcoin selling contracts. |
As of December 31, 2024, Restricted digital
assets comprise Bitcoin payments (“Bitcoin Pledged”) to a third party as deposits for Miners. As the Company retains the contractual
right to redeem the Bitcoin Pledged, the third party does not obtain control of the underlying asset and the arrangement does not meet
the definition of a sale. Refer to Note 10, 14 and 22 for additional details.
|