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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Blockchain infrastructure revenues $ 1,688,935 $ 451,386
Total revenues 1,688,935 451,386
Cost of revenues    
Blockchain infrastructure costs 1,568,659 160,625
Gross profit 120,276 290,761
Operating expenses:    
General and administrative 558,388 487,599
Research and development 209,251 146,549
Compensation and related expenses 688,202 455,779
Marketing 245,172 57,602
Realized (gains) losses on crypto asset transactions 1,382,288 (10,687)
Total operating expenses 3,083,301 1,136,842
Other income (expenses):    
Change in unrealized appreciation (depreciation) of crypto assets (14,530,822) 13,102,667
Change in fair value of warrant liabilities 225,150
Total other income (expenses) (14,305,672) 13,102,667
Net income (loss) $ (17,268,697) $ 12,256,586
Basic net income (loss) per share attributable to common stockholders $ (0.86) $ 0.78
Diluted net income (loss) per share attributable to common stockholders $ (0.86) $ 0.63
Basic weighted average number of common shares outstanding 19,967,045 15,691,677
Diluted weighted average number of common shares outstanding, basic and diluted 19,967,045 19,410,550