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v3.26.1

SEGMENT REPORTING (Details) ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended
--- | --- | ---
Jan. 31, 2018 CNY (¥) | Dec. 31, 2025 CNY (¥) segment | Dec. 31, 2025 USD ($) segment | Dec. 31, 2024 CNY (¥) segment | Dec. 31, 2023 CNY (¥)
SEGMENT REPORTING |  |  |  |  |
Number of reportable segments | segment |  | 2 | 2 | 2 |
Revenue |  | ¥ 107,898 | $ 15,429 | ¥ 111,714 | ¥ 174,045
Cost of revenue |  | (106,089) | (15,170) | (113,318) | (213,179)
Product development |  | (9,798) | (1,401) | (856) | (1,970)
Sales and marketing |  | (33,951) | (4,855) | (246) | (1,729)
General and administrative |  | (205,816) | (29,431) | (157,832) | (196,790)
Impairment Loss of equipment |  | 0 |  | (6,505) | (161,002)
Realized gain on exchange cryptocurrencies |  | 10,627 | 1,520 | 60,783 | 42,836
Fair value change on cryptocurrencies |  | (36,178) | (5,173) | 48,290 | 40,036
Segment profit (loss) |  | (281,114) | (40,197) | (58,764) | (317,753)
Reconciliation of segment profit (loss): |  |  |  |  |
Loss on disposal of subsidiaries |  | (1,502) | (215) | (11,606) | (282)
Impairment on equity investments | ¥ (1,300) | (41,629) | (6,000) | 0 | 0
Interest income |  | 449 | 64 |  |
Interest expenses |  | (23,264) | (3,327) | (34,224) | (31,379)
Gain (loss) on fair value of derivative, option assets and liabilities |  | (5,733) | (820) | 45,037 | 23,171
Gain on debt relief of WoW |  |  |  |  | 175,302
Gain from discontinued operations, net |  |  |  |  | 156,853
Share of loss in equity method investments |  | 600 | 82 | 1,122 | 0
Income tax expense |  | 110 | 16 |  |
Net income (loss) |  | (408,916) | (58,474) | (73,642) | 12,576
Operating Segments |  |  |  |  |
SEGMENT REPORTING |  |  |  |  |
Revenue |  | 107,898 | 15,429 | 111,714 | 174,045
Cost of revenue |  | (106,089) | (15,170) | (113,318) | (213,179)
Product development |  | (9,798) | (1,401) | (856) | (1,970)
Sales and marketing |  | (33,951) | (4,855) | (246) | (1,729)
General and administrative |  | (205,816) | (29,431) | (157,832) | (196,790)
Impairment on advance and other assets |  | (7,807) | (1,116) | (794) |
Impairment Loss of equipment |  |  |  | (6,505) | (161,002)
Realized gain on exchange cryptocurrencies |  | 10,627 | 1,520 | 60,783 | 42,836
Fair value change on cryptocurrencies |  | (36,178) | (5,173) | 48,290 | 40,036
Segment profit (loss) |  | (281,114) | (40,197) | (58,764) | (317,753)
Reconciliation of segment profit (loss): |  |  |  |  |
Loss on disposal of subsidiaries |  | (1,502) | (215) | (11,606) | (282)
Impairment on equity investments |  | (41,629) | (5,953) |  |
Impairment on other investments |  | (64,960) | (9,289) | (7,160) | 3,490
Interest income |  | 449 | 64 |  |
Interest expenses |  | (23,264) | (3,327) | (34,224) | (31,379)
Gain (loss) on fair value of derivative, option assets and liabilities |  | (5,733) | (820) | 45,037 | 23,171
Gain on debt relief of WoW |  |  |  |  | 175,302
Other income (expenses), net |  | 9,518 | 1,361 | (5,803) | 3,174
Gain from discontinued operations, net |  |  |  |  | 156,853
Share of loss in equity method investments |  | (571) | (82) | (1,122) |
Income tax expense |  | (110) | (16) |  |
Net income (loss) |  | (408,916) | $ (58,474) | (73,642) | 12,576
Operating Segments | Cryptocurrency Mining |  |  |  |  |
SEGMENT REPORTING |  |  |  |  |
Revenue |  | 56,352 |  | 110,739 | 168,324
Cost of revenue |  | (67,960) |  | (106,464) | (191,928)
Product development |  |  |  |  | (243)
General and administrative |  | (21,657) |  | (49,127) | (61,312)
Impairment on advance and other assets |  | (6,529) |  |  |
Impairment Loss of equipment |  |  |  | (6,505) | (161,002)
Realized gain on exchange cryptocurrencies |  | 10,627 |  | 60,783 | 42,836
Fair value change on cryptocurrencies |  | (36,178) |  | 48,290 | 40,036
Segment profit (loss) |  | (65,345) |  | 57,716 | (163,289)
Operating Segments | Online game services |  |  |  |  |
SEGMENT REPORTING |  |  |  |  |
Revenue |  | 51,546 |  | 975 | 5,721
Cost of revenue |  | (38,129) |  | (6,854) | (21,251)
Product development |  | (9,798) |  | (856) | (1,727)
Sales and marketing |  | (33,951) |  | (246) | (1,729)
General and administrative |  | (184,159) |  | (108,705) | (135,478)
Impairment on advance and other assets |  | (1,278) |  | (794) |
Segment profit (loss) |  | ¥ (215,769) |  | ¥ (116,480) | ¥ (154,464)

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