v3.26.1
Condensed Consolidated Statements of Cashflows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2025
Cash flows from operating activities:        
Net loss   $ (6,151,707) $ (308,595) $ (308,595)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization expense   3,287,259 189,480  
Stock based compensation   1,156,066  
Digital asset mining revenue   (2,179,208) (159,625)  
Net unrealized and realized loss on digital assets   1,212,173 899  
Impairment of capitalized software   60,092  
Changes in operating assets and liabilities:        
Prepaid expense   (246,627) (311,551)  
Other assets   (686,893)  
Other receivables   (29,913)  
Accounts payable and accrued expenses   (334,841) 25,712  
Net cash used in operating activities   (3,226,706) (1,250,573)  
Cash flows from investing activities:        
Purchase of equipment   (17,290,001)  
Payments for deposits on equipment   (3,429,761)  
Proceeds from sale of digital assets   31,872 68,367  
Net cash provided by (used in) investing activities   31,872 (20,651,395)  
Cash flows from financing activities:        
Proceeds from public offering, net of issuance cost $ 20,200,000 6,749,700  
Proceeds long term debt, net of discount   4,150,000  
Proceeds from issuance of Class A-1 Units   17,945,000  
Net cash provided by financing activities   6,749,700 22,095,000  
Net increase in cash   3,554,866 193,032  
Cash, beginning of period   38,919,486  
Cash, end of period $ 42,474,352 42,474,352 193,032 $ 193,032
Supplemental disclosures of cash flow information:        
Cash paid during period for interest   25,712  
Cash paid for taxes    
Supplemental disclosures of non-cash financing activities:        
Preferred Series A shares issued for dividends   6  
Issuance of prefunded warrants   $ 11,150,000  

Source

10-Q XBRL Zip