| Schedule of Bitcoin Transactions and Corresponding Values |
Bitcoin transactions and the corresponding values for the three and six months ended June 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | Three months ended June 30, | | | 2026 | 2025 | | | Quantity | Value ($) | Quantity | Value ($) | | Balance of digital assets including restricted digital assets as of April 1, | 2,469 | 168,481 | | 1,492 | 123,232 | | | Bitcoin earned* | 354 | 25,495 | | 556 | 54,456 | | | Bitcoin earned from discontinued operations | 18 | 1,296 | | 162 | 15,874 | | | Hosting revenue received in Bitcoin | 2 | 54 | | 15 | 379 | | | Bitcoin received in exchange for goods | — | — | | 2 | 181 | | | Change in Bitcoin earned, not received | 3 | 238 | | 1 | 12 | | | Bitcoin exchanged for cash | (585) | (42,971) | | (1,052) | (100,471) | | | Realized (loss) gain on disposition of digital assets | — | (11,180) | | — | 16,005 | | | Unrealized (loss) gain on digital assets | — | (9,029) | | — | 16,283 | | | Balance of digital assets including restricted digital assets as of June 30, | 2,261 | 132,384 | | 1,176 | 125,951 | | | Less: Restricted digital assets as of June 30,** | — | — | | (625) | (66,922) | | | Balance of digital assets excluding restricted digital assets as of June 30, | 2,261 | 132,384 | | 551 | 59,029 | | |
| | | | | | | | | | | | | | | | | | Six months ended June 30, | | | 2026 | 2025 | | | | | | | Quantity | Value ($) | Quantity | Value ($) | Balance of digital assets including restricted digital assets as of January 1, | | 2,060 | 180,285 | | 1,285 | 120,124 | | Bitcoin earned* | | 742 | 54,921 | | 1,048 | 99,562 | | Bitcoin earned from discontinued operations | | 96 | 7,378 | | 363 | 34,843 | | Hosting revenue received in Bitcoin | | 9 | 254 | | 21 | 722 | | Bitcoin received in exchange for goods | | — | — | | 2 | 181 | | Change in Bitcoin earned, not received | | 3 | 358 | | (8) | (800) | | Bitcoin exchanged for cash | | (649) | (47,344) | | (1,480) | (137,734) | | Bitcoin exchanged for services | | — | — | | (55) | (5,179) | | Realized (loss) gain on disposition of digital assets | | — | (12,990) | | — | 20,982 | | Unrealized loss on digital assets | | — | (50,478) | | — | (6,750) | | Balance of digital assets including restricted digital assets as of June 30, | | 2,261 | 132,384 | | 1,176 | 125,951 | | Less: Restricted digital assets as of June 30,** | | — | — | | (625) | (66,922) | | Balance of digital assets excluding restricted digital assets as of June 30, | | 2,261 | 132,384 | | 551 | 59,029 | |
The Company's Bitcoin, including restricted digital assets, had a cost basis of $205,946 as of June 30, 2026 (June 30, 2025: $102,852).
* Management estimates the fair value of Bitcoin earned on a daily basis as the quantity of cryptocurrency received multiplied by the price quoted on Coinbase Prime on the day it was received. Management considers the prices quoted on Coinbase Prime to be a Level 1 input under ASC 820, Fair Value Measurement.
** As of June 30, 2025, the digital assets comprise i) 198 Bitcoin for the Bitcoin payment ("Bitcoin Pledged") to a third party as deposits of Miners presented as restricted digital assets. As the Company has the right to redeem the Bitcoin Pledged, the ability of the third party to control the asset is limited, and the Bitcoin Pledged does not meet the definition of a sale; and ii) 427 Bitcoin held by a financial institution in connection with Bitcoin selling contracts.
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