| Schedule of Property and Equipment, Net |
Property,
plant and equipment, net was comprised of the following:
| | |
March
31,
2026 | | |
December 31,
2025 | |
| Miners
for Bitcoin | |
$ | 48,785,348 | | |
$ | 48,785,348 | |
| Cloud
service equipment | |
| 100,226,239 | | |
| 146,589,318 | |
| Colocation
service equipment | |
| 33,552,061 | | |
| 31,874,970 | |
| Purchased
and internally developed software | |
| 5,775,894 | | |
| 4,633,157 | |
| Land | |
| 6,449,885 | | |
| 6,510,574 | |
| Leasehold
improvements | |
| 31,296,699 | | |
| 30,088,308 | |
| Vehicle | |
| 235,576 | | |
| 235,576 | |
| Other
property and equipment | |
| 58,918 | | |
| 36,069 | |
| | |
| | | |
| | |
| Less:
Accumulated depreciation | |
| (68,732,749 | ) | |
| (65,552,951 | ) |
| | |
| 157,647,871 | | |
| 203,200,369 | |
| Construction
in progress | |
| 294,321,529 | | |
| 157,042,649 | |
| Property,
plant, and equipment, net | |
$ | 451,969,400 | | |
$ | 360,243,018 | |
|