Transactions with Related Parties |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Transactions with Related Parties | Transactions with Related Parties As of and for the three and six months ended June 30, 2026 and 2025, the Company had the following related party transactions: •As of June 30, 2026 and December 31, 2025, the Company had an outstanding loan payable due to a related affiliate of one of the shareholders in the amounts of zero and $1,849,888, respectively. •As of June 30, 2026 and December 31, 2025, the Company had an outstanding loan payable due to one of the shareholders in the amount of $2,000,000 and $2,000,000, respectively. •During the three months ended June 30, 2026 and 2025, the Company recognized bitcoin mining operating expenses in the amounts of $— and $229,782 from T20, respectively. During the six months ended June 30, 2026 and 2025, the Company recognized bitcoin mining operating expenses in the amounts of $17,660 and $276,327 from T20, respectively. As of June 30, 2026 and December 31, 2025, amounts payable to T20 totaled $— and $42,118 are included in accounts payable on the Company’s condensed consolidated balance sheets. •During the three months ended June 30, 2026 and 2025, the Company recognized equipment rental income totaling $— and $7,902 from T20, respectively. During the six months ended June 30, 2026 and 2025, the Company recognized equipment rental income totaling $26,256 and $7,902 from T20, respectively. As of June 30, 2026 and December 31, 2025, amounts receivable from these entities totaled $22,876 and $26,786 and are included in accounts receivable on the Company’s condensed consolidated balance sheets. •The Company is party to finance lease agreements with four entities in which a shareholder holds a capital interest. Additional details related to these lease agreements are provided in Note 25 - Leases.
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