| 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, 2026 | | December 31, 2025 | | Buildings and improvements | 10-40 | | $ | 961,539 | | | $ | 961,539 | | | Miners | 3 | | 9,526,782 | | | 9,597,138 | | | Mining related equipment | 5 | | 2,074,733 | | | 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 progress | | | 1,320,887 | | | 1,326,801 | | | Total property and equipment, net | | | $ | 44,006,002 | | | $ | 12,502,886 | |
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