| Schedule of Restricted Stock Share Based Compensation |
During the three months ended June 30, 2026, the Company awarded the following under the 2021 Plan. | | | | | | | | | | | | | | | | Award Type | | Number of Awards | | Fair Value/Closing Market Price at Grant | | | | | | | Restricted Stock Awards – Common Stock | | 8,471,834 | | $ | 1.67 | | | | | | | | | | | |
During the three months ended June 30, 2026, the Company awarded the following under the 2023 Plan: | | | | | | | | | | | | | | | | Award Type | | Number of Awards | | Fair Value/Closing
Market Price at Grant | | | | | | | Restricted Stock Awards – Common Stock | | 12,039,001 | | $ | 1.67 | | | Restricted Stock Units – Common Stock | | 35,000 | | $ | 1.67 | | | | | | | | | | | | | | | | | | | 12,074,001 | | |
During the six months ended June 30, 2026, the Company awarded the following under both the 2021 and 2023 Plan: | | | | | | | | | | | | | | | | | | | | | | Award Type | | Number of Awards | | Fair Value/Closing Market Price at Grant | | Plan | | | | | | | | | Restricted Stock Awards – Common Stock | | 1,373,000 | | $ | 1.17 | | | 2023 Plan | | Restricted Stock Awards – Common Stock | | 12,039,001 | | $ | 1.67 | | | 2023 Plan | | Restricted Stock Awards – Common Stock | | 8,471,834 | | $ | 1.67 | | | 2021 Plan | | Restricted Stock Units – Common Stock | | 50,000 | | $ | 1.17 | | | 2023 Plan | | Restricted Stock Units – Common Stock | | 485,000 | | $ | 0.87 | | | 2023 Plan | | Restricted Stock Units – Common Stock | | 1,281,250 | | $ | 0.75 | | | 2023 Plan | | Restricted Stock Units – Common Stock | | 140,000 | | $ | 0.71 | | | 2023 Plan | | Restricted Stock Units – Common Stock | | 35,000 | | $ | 1.67 | | | 2023 Plan | | | 23,875,085 | | | | |
During the three and six months ended June 30, 2025, the Company awarded the following under the 2021 Plan: | | | | | | | | | | | | | | | | Award Type | | Number of Awards | | Fair Value/Closing
Market Price at Grant | | | | | | | Restricted Stock Awards – Common Stock | | 2,140,683 | | $ | 0.64 | | | Restricted Stock Units- Common Stock | | 32,000 | | $ | 0.63 | | | | 2,172,683 | | |
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| Schedule of Share-Based Compensation Expense |
Total share-based compensation expense, related to the Company’s share-based awards, recognized for the three and six months ended June 30, was comprised as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | Cost of cryptocurrency mining revenue, exclusive of depreciation | $ | 14 | | | $ | 3 | | | $ | 35 | | | $ | 9 | | | Cost of data hosting revenue, exclusive of depreciation | 105 | | | 38 | | | 197 | | | 69 | | | General and administrative expenses, exclusive of depreciation and amortization | 9,361 | | | 1,901 | | | 19,470 | | | 3,711 | | | Total share-based compensation expense | $ | 9,480 | | | $ | 1,942 | | | $ | 19,702 | | | $ | 3,789 | | | | | | | | | | | | | | | | | | | | | | | | | |
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