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Mining Equipment, Net (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Mining Equipment, Net [Abstract]    
Schedule of Mining Equipment The following table summarizes the carrying amount of the Company’s mining equipment as of:
 

March 31,
2025

 

December 31,
2024

Mining equipment

 

 

   

 

 

 

Balance, beginning of year

 

$

17,109,000

 

$

15,978,000

 

Additions

 

 

686,000

 

 

1,573,000

 

Disposals

 

 

 

 

(442,000

)

Ending balance

 

$

17,795,000

 

$

17,109,000

 

   

 

   

 

 

 

Accumulated depreciation

 

 

   

 

 

 

Balance, beginning of year

 

$

14,115,000

 

$

3,062,000

 

Additions

 

 

1,071,000

 

 

11,179,000

 

Disposals

 

 

 

 

(126,000

)

Ending balance

 

$

15,186,000

 

$

14,115,000

 

Net carrying amount

 

$

2,609,000

 

$

2,994,000

 

The following table summarizes the carrying amount of the Company’s mining equipment, as of December 31,

 

2024

 

2023

Mining equipment

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$

15,978,000

 

 

$

47,599,000

 

Additions

 

 

1,573,000

 

 

 

1,894,000

 

Disposals

 

 

(442,000

)

 

 

(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

 

 

11,179,000

 

 

 

14,958,000

 

Disposals

 

 

(126,000

)

 

 

(51,000

)

Revaluation from impairment

 

 

 

 

 

(25,076,000

)

Ending balance

 

$

14,115,000

 

 

$

3,062,000

 

Mining equipment, net

 

$

2,994,000

 

 

$

12,916,000