v3.26.1
Revenue by Categories
 6 Months Ended
Jun. 30, 2026
Revenue by Categories [Abstract]  
REVENUE BY CATEGORIES

13. REVENUE BY CATEGORIES

 

Revenue by products or services

 

For the six months ended June 30, 2026 and 2025, the Company operates in a single operating segment that mainly includes: 1) cloud mining solutions services; 2) self-mining; 3) sale of mining equipment; and 4) hosting services and others.

 

The following table summarizes the revenue generated from different revenue streams:

 

    For the Six Months Ended
June 30,		  
    2026     2025  
             
Cloud mining solutions     82,435       147,980  
BTC self-mining revenue     25,344       32,357  
Sales of mining equipment     5       11,275  
Hosting services and others     7,636       1,827  
Total revenues     115,420       193,439  

 

Revenue by geographical location

 

The following table also summarizes the revenue (excluding self-mining revenue) generated from different continents:

 

    For the Six Months Ended June 30,  
    2026     2025  
    Amount     %     Amount     %  
                         
Africa     52,113       58 %     60,488       38 %
Oceania     20,098       22 %     22,866       14 %
North America     12,183       13 %     32,556       20 %
Asia     5,043       6 %     39,913       25 %
Others     639       1 %     5,259       3 %
Total revenues (i)     90,076       100 %     161,082       100 %

 

The basis for attributing revenues by continents is based on the customers’ KYC (“Know Your Customer”) information, which indicates the country or region where a corporate customer was incorporated or the place of residence of an individual customer.

 

(i) Total revenue excludes BTC self-mining revenue.

 

Revenue by consideration

 

The amount of revenue recognized from receipt of digital assets and receipt of US dollars is presented separately as following:

 

    For the Six Months Ended
June 30,		  
    2026     2025  
             
Revenue recognized in digital assets payment     114,640       191,195  
Revenue recognized in U.S. dollars payment     780       2,244  
Total revenues     115,420       193,439