v3.26.1
CRYPTO ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
CRYPTO ASSETS

8. CRYPTO ASSETS

 

The following table presents revenue from mined crypto assets for the years ended December 31, 2025 and 2024:

          
   For the Year Ended 
   December 31, 
   2025   2024 
Revenue from mined crypto assets at Sentinum owned and operated facilities  $21,307,000   $24,960,000 
Revenue from Sentinum crypto mining equipment hosted at third-party facilities   -    5,638,000 
Revenue, crypto assets mining  $21,307,000   $30,598,000 

 

The following table presents the activities of the crypto assets (classified within prepaid expenses and other current assets) for the years ended December 31, 2025 and 2024:

          
   For the Year Ended 
   December 31, 
   2025   2024 
Balance at January 1  $182,000   $546,000 
Additions of mined crypto assets   21,307,000    24,960,000 
Purchases of crypto assets   45,483,000    - 
Sale of crypto assets   (13,117,000)   (25,350,000)
Unrealized (loss) gain on crypto assets   (7,640,000)   684,000 
Payment of notes payable with crypto assets   -    (506,000)
Other   (18,000)   (152,000)
Balance at December 31  $46,197,000   $182,000 

 

The Company held approximately 525 and 2 Bitcoin at December 31, 2025 and December 31, 2024, respectively. The associated fair values and cost bases of Bitcoin held were $46.2 million and $53.8 million, respectively, at December 31, 2025 and $0.2 million and $0.1 million, respectively, at December 31, 2024.