v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET
6. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net, consist of the following:

 

    As of
December 31,		     As of
June 30,		  
    2025     2026  
          (unaudited)  
Miners   $ 112,543     $ 112,543  
Less: accumulated depreciation     (9,201 )     (19,720 )
Less: impairment     (12,416 )     (61,643 )
Total property and equipment, net   $ 90,926     $ 31,180  

 

Depreciation expense for the six months ended June 30, 2025 and 2026 were $4.0 million and $10.5 million, respectively. Impairment loss recorded for the six months ended June 30, 2025 and 2026 was nil and $49.2 million, respectively.