v3.26.1
Receivables, other receivables and deposits
12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Receivables, other receivables and deposits

5. Receivables, other receivables and deposits

 

   2025   2024   2023 
             
Utility deposit   785,600(1)   375,000    375,000 
Deposit for the purchase of miners   -    160,000    397,000 
Hosting service in Tennessee data center   23,366    -    - 
Other sundry deposits   7,881    23,707    2,345 
Total   816,847    558,707    774,345 

 

(1)The Company increased capacity from 10MM to 22MW. Thus, Duff and Memphis site increased electricity deposit by $125,000 and $285,600, respectively.

 

In addition to the utility electricity deposits, receivables are generated through normal operations and the period is within 6 months. The Company did not record any allowance for expected credit losses as of December 31, 2025 and 2024 as the balances are considered fully recoverable.