| 9. |
Property and equipment, net |
Property and equipment consists of the following:
| | |
As of
December 31, | | |
As of
December 31, | |
| | |
2024 | | |
2025 | |
| | |
US$’000 | | |
US$’000 | |
| Cost: | |
| | |
| |
| Digital asset mining facilities and machines | |
| 20,321 | | |
| 25,068 | |
| Land(1) | |
| - | | |
| 1,882 | |
| Construction in progress | |
| | | |
| 1,318 | |
| Total cost | |
| 20,321 | | |
| 28,268 | |
| | |
| | | |
| | |
| Less: Accumulated depreciation | |
| 8,151 | | |
| 12,296 | |
| | |
| | | |
| | |
| Property and equipment, net | |
| 12,170 | | |
| 15,972 | |
| (1) | In February 2025, the Company, through its subsidiary, signed a purchase agreement to purchase certain real property located in Dooly
County, Georgia, United States. |
Depreciation expense recognized for
the years ended December 31, 2023, 2024 and 2025 were US$3,151, and US$3,671, and US$4,141, respectively.
|