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Digital Assets (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Digital Assets [Abstract]    
Schedule of Digital Currency Transactions of Bitcoin

The following table summarizes the digital currency transactions of Bitcoin for:

 

As of
March 31,
2025

 

As of
December 31,
2024

ASC 2023-08 fair value adjustment

 

$

 

 

$

739,000

 

Digital assets beginning balance

 

 

1,016,000

 

 

 

2,097,000

 

Revenue recognized from mined digital assets

 

 

1,545,000

 

 

 

20,539,000

 

Cost of digital assets sold for cash

 

 

(1,647,000

)

 

 

(20,260,000

)

Cost of digital assets transferred for noncash expenditures

 

 

 

 

 

(3,665,000

)

Fair value gain on digital assets

 

 

(127,000

)

 

 

1,566,000

 

Digital assets ending balance

 

$

787,000

 

 

$

1,016,000

 

The following table summarizes the digital currency transactions of Bitcoin for as of December 31,

 

2024

 

2023

ASC 2023-08 fair value adjustment

 

$

740,000

 

 

$

 

Digital assets beginning balance

 

 

2,097,000

 

 

 

6,746,000

 

Revenue recognized from mined digital assets

 

 

20,539,000

 

 

 

21,052,000

 

Revenue share from Sphere 3D

 

 

 

 

 

321,000

 

Cost of digital assets sold for cash

 

 

(20,261,000

)

 

 

(17,977,000

)

Cost of digital assets transferred for noncash expenditures

 

 

(3,665,000

)

 

 

(7,770,000

)

Impairment loss on digital assets

 

 

 

 

 

(275,000

)

Fair value gain on digital assets

 

 

1,566,000

 

 

 

 

Digital assets ending balance

 

$

1,016,000

 

 

$

2,097,000

 

Schedule of Bitcoin Holdings

The following table presents the Company’s Bitcoin holdings as of:

 

March 31,
2025

 

December 31,
2024

Number of Bitcoin held

 

 

9.53

 

 

10.93

Carrying basis – per Bitcoin

 

$

90,258

 

$

61,532

Fair value – per Bitcoin

 

$

82,534

 

$

92,987

Carrying basis of Bitcoin

 

$

860,592

 

$

672,259

Fair value of Bitcoin

 

$

787,000

 

$

1,016,000

The following table presents the Company’s Bitcoin holdings as of December 31,

 

2024

 

2023

Number of Bitcoin held

 

 

10.93

 

 

67.18

Carrying basis – per Bitcoin

 

$

61,532

 

$

31,213

Fair value – per Bitcoin

 

$

92,987

 

$

42,214

Carrying basis of Bitcoin

 

$

672,259

 

$

2,097,000

Fair value of Bitcoin

 

$

1,016,000

 

$

2,836,000