v3.25.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Total revenues $ 20,539,000 $ 21,925,000
Operating expenses    
Cost of revenues (excluding depreciation) 15,818,000 13,462,000
General and administrative expenses 11,267,000 4,760,000
Stock-based compensation expense (benefit) 1,588,000 (152,000)
Depreciation expense 11,179,000 14,958,000
Impairment of digital assets 275,000
Impairment of miners 8,335,000
Unrealized gain on digital assets (1,566,000)
Realized gain on sale of digital assets (535,000)
Total operating expenses 38,286,000 41,103,000
Loss from operations (17,747,000) (19,178,000)
Other income (expense)    
Unrealized (loss) gain on marketable securities (288,000) 168,000
Realized gain from use of digital assets 3,899,000
Change in fair value of notes payable (8,058,000) (13,297,000)
Interest expense (915,000) (758,000)
Loss on disposal of asset (146,000) (55,000)
Merger and acquisition cost (394,000)
Other income 446,000
Gain on settlement of BTC Note 6,248,000
Total other income (expense) (3,553,000) (9,597,000)
Loss before provision for income taxes (21,300,000) (28,775,000)
Provision for income taxes 176,000
Net loss $ (21,300,000) $ (28,599,000)
Net loss per share, basic (in Dollars per share) $ (0.51) $ (0.83)
Net loss per share, diluted (in Dollars per share) $ (0.51) $ (0.83)
Weighted average shares outstanding - basic (in Shares) 41,911,711 34,270,512
Weighted average shares outstanding - diluted (in Shares) 41,911,711 34,270,512
Mining activities    
Revenues    
Total revenues $ 20,539,000 $ 21,052,000
Management services    
Revenues    
Total revenues $ 873,000

Source

10-K PDF
XBRL