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Cryptocurrencies
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Cryptocurrencies
5. Cryptocurrencies
The following table presents additional information about cryptocurrencies as follows:

 
  
Six months ended
June 30, 2024
 
  
Six months ended
June 30, 2023
 
Beginning balance
  
$
142
    
$
51
  
Cumulative effect of change in accounting principle
  
$
3
    
$
— 
  
Cryptocurrencies received from mining
    
5,475
      
3,644
  
Mining services revenue
    
458
      
529
  
Mining pool operating fees
    
(15
)
    
— 
  
Proceeds from sale of cryptocurrencies
    
(6,025
)
    
(4,049
 )
Unrealized gain on fair value of cryptocurrency, net
    
46
      
— 
  
Realized gain on sale of cryptocurrencies and
consideration paid
    
12
      
229
  
Impairment of cryptocurrencies
    
—
 		      
(144
 )
 
 
 
    
 
 
  
Ending balance
  
$
96
    
$
260
  
 
 
 
    
 
 
  
Number of bitcoin held
    
1.57
      
8.85
  
Average cost basis - per bitcoin
  
$
61,454
    
$
27,540
  
Fair value - per bitcoin
  
$
63,364
    
$
28,010
  
Cost basis of bitcoin (in ‘000s)
  
$
96
    
$
260
  
Fair value of bitcoin (in ‘000s)
  
$
99
    
$
263
  
The cost basis represents the valuation of bitcoin at the time the Company earns the bitcoin through mining activities. The cost basis for 2 bitcoin held as of the adoption of ASC
350-60
was determined on the “cost less impairment “ basis.
 
The following table presents information based on the activity of bitcoin for the six months ended June 30, 2024:
 
    
Six months ended
June 30, 2024
     
Six months ended
June 30, 2023
  
Beginning Balance
    $ 142      $ 51  
Cumulative effect of the adoption of ASC
350-60
      3        —   
  
 
 
     
 
 
  
Adjusted beginning balance, at fair value
      145        51  
Addition of bitcoin from mining activities
      5,933        4,258  
Bitcoin sold and issued for operations
      (6,028 )       (4,049 ) 
Unrealized gains (losses) from fair value adjustments
      46        —   
  
 
 
     
 
 
  
Ending Balance
    $ 96      $ 260  
  
 
 
     
 
 
  
The Company’s bitcoin holdings are not subject to rehypothecation and do not serve as collateral for any existing loans or agreements. As of June 30, 2024, the Company held
 no
other cryptocurrency. The cumulative realized gains from dispositions of bitcoin during the six months ended June 30,
2024 was
 $12.
5. Cryptocurrencies
The following table presents additional information about cryptocurrencies as follows:
 
    
Year Ended
  
    
December 31,
2023
     
December 31,
2022
  
Beginning balance
    $ 51      $ 15,050  
Cryptocurrencies received from mining
      9,137        13,496  
Mining services revenue
      844        884  
Mining pool operating fees
      (13 )       (19 ) 
Consideration paid related to operation agreement
      —         (461 ) 
Proceeds from sale of cryptocurrencies
      (9,943 )       (26,871 ) 
Realized gain on sale of cryptocurrencies and consideration paid
      351        3,998  
Impairment of cryptocurrencies
      (285 )       (6,026 ) 
  
 
 
     
 
 
  
Ending balance
    $ 142      $ 51