v3.26.1
Accrued Expenses and Other Payables
 6 Months Ended
Jun. 30, 2026
Accrued Expenses and Other Payables [Abstract]  
ACCRUED EXPENSES AND OTHER PAYABLES

11. ACCRUED EXPENSES AND OTHER PAYABLES

 

Accrued expenses and other payables consisted of the following:

 

    As of  
    June 30,
2026		     December 31,
2025		  
             
Interest payable (1)     8,351       7,020  
Accrued expenses     2,397       3,918  
Deposits and other payables to customers (2)     2,489       2,902  
Others     880       2,220  
Total     14,117       16,060  

 

(1) The interest payable represented the accrued interest for long-term payables owed to the mining equipment supplier totaling $93.36 million with a fixed annual interest rate of 3% as of June 30, 2026, compared with 6% as of December 31, 2025 (see Note 9); and (ii) long-term loans totaling $5.40 million with a fixed annual interest rate ranging from 5% to 6.5% (see Note 10).

 

(2) The Company recognizes refund liabilities in respect of amounts received from customers, comprising deposits for hosting services and temporary overpayments that are subject to refund.