v3.25.1
Unaudited Condensed Consolidated Statement of Operations - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Mining activities $ 1,558,000 $ 7,490,000
Cost and expenses    
Cost of revenues 2,054,000 4,837,000
General and administrative expenses 3,000,000 2,461,000
Stock based compensation expense 772,000 208,000
Depreciation expense 1,071,000 3,247,000
Unrealized loss (gain) on digital assets 127,000 (1,703,000)
Total operating expenses 7,024,000 9,050,000
Loss from operations (5,466,000) (1,560,000)
Other income (expense)    
Unrealized loss on marketable securities (66,000) (216,000)
Gain on settlement of accounts payable 449,000
Merger and acquisition costs (1,194,000)
Change in fair value of notes payable (9,638,000)
Interest expense (3,000) (330,000)
Total other expense (814,000) (10,184,000)
Loss before provision for income taxes (6,280,000) (11,744,000)
Provision for income taxes
Net loss $ (6,280,000) $ (11,744,000)
Net loss per share, basic (in Dollars per share) $ (0.09) $ (0.36)
Net loss per share, diluted (in Dollars per share) $ (0.09) $ (0.36)
Weighted average shares outstanding – basic (in Shares) 70,553,398 32,436,759
Weighted average shares outstanding - diluted (in Shares) 70,553,398 32,436,759

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