v3.25.3
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

   September 30, 2025   December 31, 2024 
Bitcoin Mining Facility and Infrastructure  $2,475,796   $170,139 
Bitminers   1,931,583    102,225 
Transformers and Generators   752,502    562,778 
Furniture and fixtures   -    2,358 
Total property and equipment   5,159,881    837,500 
Less: accumulated depreciation   (468,555)   (28,605)
Property and equipment, net  $4,691,326   $808,895 

 

Depreciation expense on property and equipment for the nine months ended September 30, 2025 was $468,555 (September 30, 2024 - $4,716), and for the three months ended September 30, 2025 was $182,892(September 30, 2024 - $1,019). During the nine months ended September 30, 2024, the Company disposed of property and equipment which resulted in a loss of $4,252. There were no disposals in 2025  .