v3.26.1
Segment Information
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Segment Reporting [Abstract]    
Segment Information

Note 22. Segment Information

 

The Company operates in one operating segment, and therefore one reportable segment, focused on the provision of High Performance Compute Services (HPC). The determination of a single business segment is consistent with the consolidated financial information regularly provided to the Group’s chief operating decision maker (“CODM”), who is the Chief Executive Officer.

 

The Group’s method for measuring profitability on a reportable segment basis is operating profit or loss, which the CODM uses to assess performance for the Group and in deciding how to allocate resources. The CODM does not review disaggregated assets by segment. The Group adopted ASU 2023-07 in December 2024. The most significant provision was for the Group to disclose significant segment expenses that are regularly provided to the CODM. The Group’s CODM periodically reviews cost of revenues and selling, general and administrative expenses, excluding share-based compensation, by segment and treats them as significant segment expenses.

 

The following table presents segment expenses, other segment items, and segment operating loss for the period:

 

       
   For the Three Months Ended 
   March 31, 
   2026   2025 
Revenue  $294,014   $325,092 
Less: Segment Expenses          
Costs of revenue   525,816    313,382 
Selling, general and administrative expenses   4,015,219    1,007,430 
Other segment items(1)   1,700,159    974,041 
Other income (2)   (3,127,957)   (808,513)
Segment expenses   3,113,237    1,486,340 
Segment loss from operations  $(2,819,223)  $(1,161,248)

 

  (1) Other segment items for the reportable segment include share-based compensation and other expenses.
  (2) Other income includes foreign currency transaction gains and losses.

 

Note 22. Segment Information

 

The Company operates in one operating segment, and therefore one reportable segment, focused on the provision of High Performance Compute Services (HPC). The determination of a single business segment is consistent with the consolidated financial information regularly provided to the Group’s chief operating decision maker (“CODM”), who is the Chief Executive Officer.

 

 

The Group’s method for measuring profitability on a reportable segment basis is operating profit or loss, which the CODM uses to assess performance for the Group and in deciding how to allocate resources. The CODM does not review disaggregated assets by segment. The Group adopted ASU 2023-07 in December 2024. The most significant provision was for the Group to disclose significant segment expenses that are regularly provided to the CODM. The Group’s CODM periodically reviews cost of revenues and selling, general and administrative expenses, excluding share-based compensation, by segment and treats them as significant segment expenses.

 

The following table presents segment expenses, other segment items, and segment operating loss for the period:

 

   2025   2024 
   For the Years Ended 
   December 31, 
   2025   2024 
Revenue  $1,566,631   $438,292 
Less: Segment Expenses          
Costs of revenue   1,465,824    719,993 
Selling, general and administrative expenses   12,116,600    2,368,745 
Other segment items(1)   2,785,951    2,300,861 
Loss (gain) on sale/ exchange of equipment   (1,015,803)   (921,322)
Segment expenses   15,352,572    4,468,277 
Segment loss from operations  $(13,785,941)  $(4,029,985)

 

(1)Other segment items for the reportable segment include share-based compensation and other expenses.