v3.26.1
SUMMARIZES THE ASSETS AND LIABILITIES DISCONTINUED OPERATIONS (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]      
Prepaid expenses and other current assets, net [1] $ 1,526,226   $ 1,603,341
Digital assets [2] 517,145   762,991
Current assets of discontinued operations 2,043,371   2,366,332
Accrued expenses and other current liabilities [3] 277,899   457,985
Current liabilities of discontinued operations 277,899   $ 457,985
Revenue 37,727 $ 116,333  
Cost of revenue (175,668) (248,793)  
General and administrative expenses (1,134)  
Loss on market price of digital assets (126,716) (465,256)  
Net loss from discontinued operations (265,791) (597,716)  
Loss on market price of digital assets 126,716 465,256  
Non-cash revenue of Filecoin mining (37,727) (116,333)  
Non-cash costs and expenses 9,182 167,626  
Prepaid expenses and other current assets 76,532  
Accounts payable (31,829) 21,386  
Net cash used in discontinued operations $ (122,917) $ (59,781)  
[1] As of March 31, 2026, prepaid expenses and other current assets associated with the Company’s discontinued operations primarily consisted of: (a) a collateral deposit of $1.5 million paid to Huangtong International Co., Ltd. in connection with the borrowing of Filecoins used to support the Company’s Filecoin mining operations, which is expected to be settled together with the related assets and liabilities upon completion of the wind-down of the Filecoin mining business by the end of May 2026; (b) $25,000 of prepaid custody and operational service fees related to the Filecoin mining business, which are expected to be recognized as costs of discontinued operations prior to the full termination of the mining activities; (c) $1,690 of Filecoin joint mining sharing costs overpaid to HDP Capital Management Limited; and (d) $1,651 of temporary Filecoin transfer balances between the Company and the technology service provider, Origin Storage Pte Ltd.
[2] Digital assets primarily represent Filecoins (“FIL”) generated from or used in the Company’s cryptocurrency mining operations and held in the Filecoin node accounts of the Company’s subsidiary, MFH Tech. Following the Company’s decision to discontinue its distributed storage and computing services (Filecoin mining) business, all Filecoins held in the mining node accounts were reclassified as assets associated with discontinued operations.
[3] As of March 31, 2026, accrued expenses and other current liabilities associated with the Company’s discontinued operations primarily consisted of: (a) $5,812 of accounts payable related to the Company’s Filecoin mining activities; (b) $149,987 representing the outstanding principal balance of Filecoins borrowed from Huangtong International Co., Ltd. to satisfy collateral requirements for the Company’s mining operations; and (c) $122,100 representing Filecoins provided by HDP Capital Management Limited as collateral in connection with the Company’s joint Filecoin mining arrangements with HDP.