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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Income By Segment (Details) - USD ($) | 6 Months Ended
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Jun. 30, 2025 | Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Revenues | $ 283,990,631 |
Less: Operating cost and other relevant expenses |  |
Cost of revenue (exclusive of depreciation shown below) | 225,447,985 |
Cost of revenue (depreciation) | 43,194,326 |
Provision for credit losses | 1,209,459 |
Impairment loss from mining machines | 256,856,570 |
Changes in fair value of bitcoin collaterals | (51,715,376) |
Interest expenses | 3,363,606 |
Net income (loss) before income taxes from continuing operations | (206,248,612) | $ 1,258,514
Reconciliations to income (loss) before income tax |  |
Interest income | (991,173) | (4,295,668)
Unrealized foreign exchange loss, net | 7,988 |
Other income and expense, net | (226,993) | (166,451)
Net income (loss) before income taxes from continuing operations | (206,248,612) | $ 1,258,514
Operating Segment |  |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Revenues | 283,990,631 |
Less: Operating cost and other relevant expenses |  |
Cost of revenue (exclusive of depreciation shown below) | 225,447,985 |
Cost of revenue (depreciation) | 43,194,326 |
Provision for credit losses | 1,209,459 |
Impairment loss from mining machines | 256,856,570 |
Changes in fair value of bitcoin collaterals | 51,715,376 |
Interest expenses | 3,363,606 |
Net income (loss) before income taxes from continuing operations | (194,365,939) |
Reconciliations to income (loss) before income tax |  |
Net income (loss) before income taxes from continuing operations | (194,365,939) |
Reconciliations |  |
Reconciliations to income (loss) before income tax |  |
General and administrative expense - staff cost | 5,143,519 |
General and administrative expense | 7,871,237 |
Interest income | (991,173) |
Unrealized foreign exchange loss, net | 7,988 |
Other income and expense, net | (148,898) |
Bitcoin Mining Business |  |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Revenues | 282,269,981 |
Bitcoin Mining Business | Operating Segment |  |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Revenues | 282,269,981 |
Less: Operating cost and other relevant expenses |  |
Cost of revenue (exclusive of depreciation shown below) | 223,818,193 |
Cost of revenue (depreciation) | 43,194,326 |
Provision for credit losses | 1,209,459 |
Impairment loss from mining machines | 256,856,570 |
Changes in fair value of bitcoin collaterals | 51,715,376 |
Interest expenses | 3,363,606 |
Net income (loss) before income taxes from continuing operations | (194,456,797) |
Reconciliations to income (loss) before income tax |  |
Net income (loss) before income taxes from continuing operations | (194,456,797) |
International Automobile Trading Business |  |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Revenues | 1,720,650 |
International Automobile Trading Business | Operating Segment |  |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Revenues | 1,720,650 |
Less: Operating cost and other relevant expenses |  |
Cost of revenue (exclusive of depreciation shown below) | 1,629,792 |
Net income (loss) before income taxes from continuing operations | 90,858 |
Reconciliations to income (loss) before income tax |  |
Net income (loss) before income taxes from continuing operations | $ 90,858 |

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