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Mining Equipment, Net
 6 Months Ended
Jun. 30, 2024
Mining Equipment, Net [Abstract]  
MINING EQUIPMENT, NET

NOTE 5 – MINING EQUIPMENT, NET

 

Mining equipment consisted of 8,825 and 8,532 units of bitcoin mining machines as of June 30, 2024, and December 31, 2023, respectively. The following table summarizes the carrying amount of the Company’s mining equipment, as of:

 

   June 30,
2024		   December 31,
2023		 
Mining equipment        
Balance, beginning of year  $15,978,000   $47,599,000 
Additions   1,574,000    1,894,000 
Disposals   (443,000)   (105,000)
Impairment   
-
    (8,335,000)
Revaluation from impairment   
-
    (25,075,000)
Ending balance  $17,109,000   $15,978,000 
           
Accumulated depreciation          
Balance, beginning of year  $3,062,000   $13,231,000 
Additions   6,539,000    14,958,000 
Disposals   (126,000)   (51,000)
Revaluation from impairment   
-
    (25,076,000)
Ending balance  $9,475,000   $3,062,000 
Net carrying amount  $7,634,000   $12,916,000