v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The major classifications of property and equipment, including their estimated useful lives, are summarized as follows at the balance sheet dates:
Estimated Useful Life (Years)June 30, 2026December 31, 2025
Buildings and improvements
10-40
$961,539 $961,539 
Miners39,526,782 9,597,138 
Mining related equipment52,074,733 2,074,733 
Server equipment
 3-7
46,541,227 12,146,199 
Other equipment and furniture
 5-7
2,109,719 287,112 
61,214,000 25,066,721 
Less: Accumulated depreciation(18,528,885)(13,890,636)
42,685,115 11,176,085 
Construction in progress1,320,887 1,326,801 
Total property and equipment, net$44,006,002 $12,502,886 
For the three months ended June 30, 2026 and 2025, depreciation expense relating to property and equipment amounted to $3,054,701 and $1,015,659, respectively.
For the six months ended June 30, 2026 and 2025, depreciation expense relating to property and equipment amounted to $4,879,272 and $1,493,707, respectively.
During the three and six months ended June 30, 2026, the Company recorded a gain on disposal of property and equipment of $1,034 and $36,298 relating to the sale of equipment.