v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (26,975,191) $ (7,655,432)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 8,171,570 7,774,161
Noncash lease expense 224,356 109,842
Amortization of debt issue costs 255,968 35,435
Stock compensation 0 76,322
Stock option expense 687,748 443,220
Professional fees paid in common shares 177,660 100,001
Accrued investment income 0 (197,104)
Accrued interest expense on finance lease 55,510 0
Digital assets other income 0 (4,490)
Loss (gain) on fair value of Bitcoin, net 1,860,878 (7,390,002)
Loss on digital asset receivable 3,017,485 0
Impairment loss on mining machines 5,391,857 1,379,375
Impairment loss on mining machine deposits 4,885 12,941
Unrealized gain on marketable securities (10,330) (9,190)
Unrealized gain on Galaxy loan derivative (285,160) 0
Credit loss on digital asset receivable 9,187 0
Unrealized loss on investment and equity securities 179,972 1,097,433
Loss on disposal of fixed assets 501,800 136,100
Change in operating assets and liabilities:    
Prepaid expenses and other assets 471,518 3,781,133
Hosting deposits 0 (12,941)
Advances (repayments) to related party 32,375 (6,901)
Accounts payable and accrued expenses 756,312 (1,075,346)
Mining of digital assets (8,283,423) (10,432,605)
Lease liability payments (232,736) (108,131)
Net cash used in operating activities (13,987,759) (11,946,179)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (2,206,954) (1,732,472)
Proceeds from sale of fixed assets 0 78,806
Collection of note receivable 200,000 1,449,066
Acquisition of hosting site (4,230,369) (3,642,870)
Investment in notes receivable 0 (3,587,195)
Investment in digital assets - Bitcoin (22,788,057) (485,500)
Investment in digital assets - Tether (33,143) 0
Proceeds from sale of Bitcoin 9,030,783 8,309,104
Proceeds from the sale of Tether 33,694 11,928
Change in deposits for mining equipment 448,458 0
Distribution to members (1,015) (19,616)
Net cash provided by (used in) investing activities (19,543,085) 379,421
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings, net of issuance costs 12,919,915 6,329,910
Insurance financing repayments (734,030) (709,491)
Exercise of options 0 25,000
Proceeds from warrant exercise 95,999 4,748,971
Proceeds from the issuance of common stock, net of issuance costs 27,268,900 2,148,689
Repurchase of common stock (7,973,666) 0
Net cash provided by financing activities 31,577,118 12,543,079
NET INCREASE (DECREASE) IN CASH (1,953,726) 976,321
CASH - BEGINNING OF PERIOD 3,378,152 2,401,831
CASH - END OF PERIOD 1,424,426 3,378,152
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Insurance financing 904,229 528,217
ROU assets and lease obligation recognized 0 859,474
ROU asset true-up 14,710 0
Initial recognition of Galaxy loan derivative 237,487 0
Tech infrastructure note receivable applied towards acquisition 0 3,775,731
Change in accounting principle (see Note 1) 0 614,106
Digital assets transferred to digital assets - receivable, net 15,704,686 0
Issuance of common stock as retainer for services 253,800 0
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for taxes 0 0
Cash paid for interest 692,535 430,232
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections (investment) of finance receivables (6,235) 1,059
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections (investment) of finance receivables $ 9,753 $ (2,889)

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