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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) from continuing operations $ (205,098,137) $ 1,258,514
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Bitcoin mining income (282,269,981)  
Changes in fair value of bitcoin collaterals (51,715,376)  
Depreciation 43,201,199 707
Amortization of lease right-of-use assets 65,129 151,969
Share-based compensation expense 3,697,862 1,079,112
Impairment loss from mining machines 256,856,570  
Provision for credit losses 1,209,459  
Loss on disposal of property and equipment 58,587  
Unrealized foreign exchange loss, net 7,988  
Deferred income tax benefit (2,269,174)  
Changes in operating assets and liabilities:    
Other current and non-current assets (12,721,537) (1,007,541)
Short-term and long-term operating lease liabilities 19,003 (165,573)
Other current and non-current liabilities 236,242,675 (126,764)
Net cash provided by (used in) continuing operating activities (12,715,733) 1,190,424
Net cash provided by (used in) discontinued operating activities (14,407,658) 14,882,072
Net cash provided by (used in) operating activities (27,123,391) 16,072,496
Cash flows from investing activities:    
Proceeds from redemption of other short-term investments, net 40,074,501 159,107,865
Purchase of other short-term investments   (158,836,644)
Purchases of mining machines (36,292,001)  
Proceeds from sale of discontinued operations, net of cash disposed 149,530,056  
Net cash provided by continuing investing activities 153,312,556 271,221
Net cash used in discontinued investing activities (54,180,371) (255,424,463)
Net cash (used in) provided by investing activities 99,132,185 (255,153,242)
Cash flows from financing activities:    
Payment to repurchase treasury shares   (12,150,808)
Proceeds from exercise of share options 69,407 85,293
Repayment of borrowings (174,346,597)  
Net cash used in continuing financing activities (174,277,190) (12,065,515)
Net cash used in discontinued financing activities   (5,406,024)
Net cash used in financing activities (174,277,190) (17,471,539)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,523,884 (6,621,521)
Net decrease in cash, cash equivalents and restricted cash (99,744,512) (263,173,806)
Cash, cash equivalents and restricted cash at beginning of the period 217,537,206 463,151,077
Cash, cash equivalents and restricted cash at the end of the period 117,792,694 199,977,271
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of period   108,080,056
Cash, cash equivalents and restricted cash of continuing operations at the end of the period 117,792,694 91,897,215
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 117,792,694 91,897,215
Total cash, cash equivalents and restricted cash shown in the statements of cash flows 117,792,694 91,897,215
Supplemental disclosures of cash flow information:    
Cash paid for income taxes   366,134
Cash paid for interest 2,098,981  
Non-cash investing and financing transactions    
Shares issued in connection with purchase of mining machines 411,352,430  
Short-term debt received in the form of cryptocurrencies 208,136,025  
Operating lease right-of-use asset released in exchange for operating lease liability $ 119,252 389,024
Cancellation of treasury shares   $ 9,719,080