v3.26.1
Consolidated Statements of Cashflows
 12 Months Ended
Dec. 31, 2025
USD ($)
Cash flows from operating activities:  
Net loss $ (8,502,885)
Adjustments to reconcile net loss to net cash used in operating activities:  
Depreciation and amortization expense 7,503,386
Stock based compensation 1,389,989
Digital asset mining revenue (6,963,477)
Net unrealized and realized loss on digital assets 443,696
Loss on sale of equipment 395
Changes in operating assets and liabilities:  
Prepaid expense (198,707)
Other assets (621,660)
Accounts payable and accrued expenses 501,789
Net cash used in operating activities (6,447,474)
Cash flows from investing activities:  
Purchase of equipment (25,938,181)
Proceeds from sale of equipment 29,990
Payments for deposits on equipment (3,600,100)
Proceeds from sale of digital assets 4,641,776
Net cash used in investing activities (24,866,515)
Cash flows from financing activities:  
Proceeds long term debt, net of discount 8,550,000
Repayments of long term debt (8,550,000)
Cash acquired in reverse recapitalization 42,140,304
Repurchase of treasury stock (274,231)
Proceeds from issuance of Class A-1 Units 17,945,000
Proceeds from issuance of Class A-2 Units, net of costs 10,422,402
Net cash provided by financing activities 70,233,475
Net increase in cash 38,919,486
Cash, beginning of period
Cash, end of period 38,919,486
Supplemental disclosures of cash flow information:  
Cash paid during period for interest 370,744
Supplemental disclosures of non-cash financing activities:  
Assets acquired in connection with the reverse recapitalization 3,096,991
Other liabilities assumed in connection with the reverse recapitalization $ (127,612)