The prepayments and other current assets consist of the following:
| | |
As of
December 31, | | |
As of
December 31, | |
| | |
2024 | | |
2025 | |
| | |
US$’000 | | |
US$’000 | |
| Prepayments and other current assets | |
| | |
| |
| Prepayment for equipment | |
| 1,895 | | |
| 260 | |
| Deposits* | |
| 1,181 | | |
| 3,394 | |
| Others** | |
| 295 | | |
| 1,338 | |
| Less: Allowance for credit loss | |
| (480 | ) | |
| (480 | ) |
| Total | |
| 2,891 | | |
| 4,512 | |
| * | A March 2024 US$0.5 million deposit paid for a terminated Bitcoin mining facility acquisition remains partially unrecovered, with US$0.48 million outstanding due to counterparty default. A full impairment loss was recognized based on assessed credit risks. | | | | | ** | The others mainly include prepaid consulting service fees and other sundry receivables. |
|