v3.26.1
Condensed Consolidated Statements of Cashflows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (11,620,064) $ (1,837,825)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 6,574,585 2,352,011
Stock based compensation 2,006,924
Digital asset mining revenue (4,092,987) (2,088,212)
Net unrealized and realized (gain) loss on digital assets 2,481,598 (71,482)
Impairment of capitalized software 60,092
Changes in operating assets and liabilities:    
Prepaid expense (108,694) (60,691)
Other assets (686,893)
Other receivables (16,873)
Accounts payable and accrued expenses (276,198) 55,820
Net cash used in operating activities (4,991,617) (2,337,272)
Cash flows from investing activities:    
Purchase of equipment (17,423,650)
Payments for deposits on equipment (7,029,862)
Proceeds from sale of digital assets 56,520 465,444
Net cash provided by (used in) investing activities 56,520 (23,988,068)
Cash flows from financing activities:    
Proceeds from public offering, net of issuance cost 17,899,700
Proceeds long term debt, net of discount 5,250,000
Prepayments of long term debt   (3,500,000)
Proceeds from issuance of Class A-1 Units 17,945,000
Proceeds from issuance of Class A-2 Units 10,422,402
Net cash provided by financing activities 17,899,700 30,117,402
Net increase in cash 12,964,603 3,792,062
Cash, beginning of period 38,919,486
Cash, end of period 51,884,089 3,792,062
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 176,512
Cash paid for taxes
Supplemental disclosures of non-cash financing activities:    
Preferred Series A shares issued for dividends 6
Preferred Series A shares converted for common stock 1
Preferred Series D shares converted for common stock 2
Common stock issued for services 1,942
Exercise of prefunded warrants for common stock $ 500