v3.26.1
Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Equipment

Note 5 – Equipment

 

As of June 30, 2026 and December 31, 2025, equipment, net consisted of the following:

 

Schedule of Equipment 

   June 30,   December 31, 
   2026   2025 
Mining equipment  $26,020,439   $26,020,439 
Computer equipment   28,295    28,295 
Total   26,048,734    26,048,734 
Less: accumulated depreciation   (14,019,892)   (7,511,282)
Equipment, net  $12,028,842   $18,537,452 

 

Depreciation expense for the three and six months ended June 30, 2026 totaled $3,254,234 and $6,508,610, respectively, and for three and six months ended June 30, 2025 totaled $2,162,531 and $2,352,011, respectively, and is included in operating expenses on the condensed consolidated statement of operations.