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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for three months ended September 30, 2025 and 2024, and reconciles to net income (loss) on the consolidated statements of operations: Schedule of Segment Reporting Information For the three months ended September 30, 2025
|  | Cryptocurrency Mining |  |  | Data Center Hosting |  |  | High- Performance Computing Services |  |  | Total |
Segment Revenue: Revenue from external customers |  | $ | 2,769 |  |  | $ | 5,257 |  |  | $ | - |  |  | $ | 8,026 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand response service revenue (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 389 |
Total consolidated revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,415 |
Less: Segment cost of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utility costs |  |  | 1,237 |  |  |  | 1,308 |  |  |  | - |  |  |  | 2,545 |
Wages, benefits, and employee related costs |  |  | 167 |  |  |  | 665 |  |  |  | - |  |  |  | 832 |
Facilities and Equipment costs |  |  | 243 |  |  |  | 556 |  |  |  | - |  |  |  | 799 |
Cost of revenue- depreciation |  |  | 1,053 |  |  |  | 665 |  |  |  | - |  |  |  | 1,718 |
Other cost of revenue* |  |  | 123 |  |  |  | 330 |  |  |  | - |  |  |  | 453 |
Total segment cost of revenue |  |  | 2,823 |  |  |  | 3,524 |  |  |  | - |  |  |  | 6,347 |
General and administrative expenses |  |  | 3 |  |  |  | 874 |  |  |  | - |  |  |  | 877 |
Impairment on fixed assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Segment operating income (loss) |  | $ | (57 | ) |  | $ | 859 |  |  | $ | - |  |  | $ | 802 |
For the three months ended September 30, 2024
|  | Cryptocurrency Mining |  |  | Data Center Hosting |  |  | High- Performance Computing Services |  |  | Total |
Segment Revenue: Revenue from external customers |  | $ | 2,811 |  |  |  | 4,271 |  |  | $ | - |  |  | $ | 7,082 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand response service revenue (a) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 443 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,525 |
Less: Segment cost of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utility costs |  |  | 1,395 |  |  |  | 1,523 |  |  |  | - |  |  |  | 2,918 |
Wages, benefits, and employee related costs |  |  | 212 |  |  |  | 516 |  |  |  | - |  |  |  | 728 |
Facilities and Equipment costs |  |  | 268 |  |  |  | 389 |  |  |  | 2,859 |  |  |  | 3,516 |
Cost of revenue- depreciation |  |  | 1,068 |  |  |  | 444 |  |  |  | - |  |  |  | 1,512 |
Other cost of revenue* |  |  | 183 |  |  |  | 221 |  |  |  | - |  |  |  | 404 |
Total segment cost of revenue |  |  | 3,126 |  |  |  | 3,093 |  |  |  | 2,859 |  |  |  | 9,078 |
General and administrative expenses |  |  | 57 |  |  |  | 804 |  |  |  | 83 |  |  |  | 944 |
Impairment on fixed assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Segment operating income (loss) |  | $ | (372 | ) |  | $ | 374 |  |  | $ | (2,942 | ) |  | $ | (2,940 | )
(a) |  | Demand response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.
* |  | Other cost of revenue includes insurance, outside service costs and margins, and general costs.
The following table presents the reconciliation of segment operating income (loss) to net income (loss) before taxes:
|  | 2025 |  |  | 2024 |
|  | For the three months ended September 30, |
|  | 2025 |  |  | 2024 |
Segment operating income (loss) |  | $ | 802 |  |  | $ | (2,940 | )
Reconciling Items: |  |  |  |  |  |  |  |
Elimination of intercompany costs |  |  | 261 |  |  |  | 189 |
Other revenue (a) |  |  | 389 |  |  |  | 443 |
General and administrative, exclusive of depreciation and amortization (b) |  |  | (6,831 | ) |  |  | (4,304 | )
General and administrative, depreciation and amortization |  |  | (2,401 | ) |  |  | (2,404 | )
Interest expense |  |  | (1,212 | ) |  |  | (821 | )
(Loss) gain on debt extinguishment and revaluation, net |  |  | 10,107 |  |  |  | 875 |
Other financing expense |  |  | (4,746 | ) |  |  | - |
Loss on sale of fixed assets and credit on equipment deposit |  |  | (780 | ) |  |  | - |
Fair value adjustment (loss) gain |  |  | (22,047 | ) |  |  | 328 |
Other income (expense), net |  |  | 5 |  |  |  | (6 | )
Net loss before taxes |  | $ | (26,453 | ) |  | $ | (8,640 | )
(a) |  | Demand response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.
(b) |  | The reconciling general and administrative expense, exclusive of depreciation and amortization represent corporate and unallocated general and administrative expenses for the three months ended September 30, 2025 and 2024.
The following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for nine months ended September 30, 2025 and 2024, and reconciles to net income (loss) on the consolidated statements of operations: For the nine months ended September 30, 2025
|  | Cryptocurrency Mining |  |  | Data Center Hosting |  |  | High- Performance Computing Services |  |  | Total |
Segment Revenue: Revenue from external customers |  | $ | 8,630 |  |  | $ | 10,795 |  |  | $ | 28 |  |  | $ | 19,453 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand response service revenue (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,057 |
Total consolidated revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 20,510 |
Less: Segment cost of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utility costs |  |  | 3,927 |  |  |  | 2,160 |  |  |  | - |  |  |  | 6,087 |
Wages, benefits, and employee related costs |  |  | 588 |  |  |  | 1,668 |  |  |  | 7 |  |  |  | 2,263 |
Facilities and Equipment costs |  |  | 701 |  |  |  | 1,448 |  |  |  | - |  |  |  | 2,149 |
Cost of revenue- depreciation |  |  | 3,200 |  |  |  | 1,578 |  |  |  | - |  |  |  | 4,778 |
Other cost of revenue* |  |  | 410 |  |  |  | 839 |  |  |  | - |  |  |  | 1,249 |
Total segment cost of revenue |  |  | 8,826 |  |  |  | 7,693 |  |  |  | 7 |  |  |  | 16,526 |
General and administrative expenses |  |  | 62 |  |  |  | 1,337 |  |  |  | 270 |  |  |  | 1,669 |
Impairment on fixed assets |  |  | - |  |  |  | 12 |  |  |  | - |  |  |  | 12 |
Segment operating income (loss) |  | $ | (258 | ) |  | $ | 1,753 |  |  | $ | (249 | ) |  | $ | 1,246 |
For the nine months ended September 30, 2024
|  | Cryptocurrency Mining |  |  | Data Center Hosting |  |  | High- Performance Computing Services |  |  | Total |
Segment Revenue: Revenue from external customers |  | $ | 13,691 |  |  | $ | 14,446 |  |  | $ | - |  |  | $ | 28,137 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand response service revenue (a) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,612 |
Total consolidated revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,749 |
Less: Segment cost of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Utility costs |  |  | 4,093 |  |  |  | 4,243 |  |  |  | - |  |  |  | 8,336 |
Wages, benefits, and employee related costs |  |  | 594 |  |  |  | 1,443 |  |  |  | - |  |  |  | 2,037 |
Facilities and Equipment costs |  |  | 780 |  |  |  | 1,011 |  |  |  | 2,859 |  |  |  | 4,650 |
Cost of revenue- depreciation |  |  | 3,220 |  |  |  | 1,320 |  |  |  | - |  |  |  | 4,540 |
Other cost of revenue* |  |  | 488 |  |  |  | 530 |  |  |  | - |  |  |  | 1,018 |
Total segment cost of revenue |  |  | 9,175 |  |  |  | 8,547 |  |  |  | 2,859 |  |  |  | 20,581 |
General and administrative expenses |  |  | 193 |  |  |  | 994 |  |  |  | 141 |  |  |  | 1,328 |
Impairment on fixed assets |  |  | 130 |  |  |  | - |  |  |  | - |  |  |  | 130 |
Segment operating income (loss) |  | $ | 4,193 |  |  | $ | 4,905 |  |  | $ | (3,000 | ) |  | $ | 6,098 |
(a) |  | Demand response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.
* |  | Other cost of revenue includes insurance, outside service costs and margins, and general costs.
The following table presents the reconciliation of segment operating income (loss) to net income (loss) before taxes:
|  | 2025 |  |  | 2024 |
|  | For the nine months ended September 30, |
|  | 2025 |  |  | 2024 |
Segment operating income |  | $ | 1,246 |  |  | $ | 6,098 |
Reconciling Items: |  |  |  |  |  |  |  |
Elimination of intercompany costs |  |  | 708 |  |  |  | 513 |
Other revenue (a) |  |  | 1,057 |  |  |  | 1,612 |
General and administrative, exclusive of depreciation and amortization (b) |  |  | (17,384 | ) |  |  | (13,297 | )
General and administrative, depreciation and amortization |  |  | (7,207 | ) |  |  | (7,209 | )
Interest expense |  |  | (3,246 | ) |  |  | (1,694 | )
Gain (loss) on debt extinguishment and revaluation, net |  |  | 10,658 |  |  |  | (1,888 | )
Loss on sale of fixed assets and credit on equipment deposit |  |  | (802 | ) |  |  | (21 | )
Fair value adjustment loss |  |  | (22,165 | ) |  |  | (5,607 | )
Other financing expense |  |  | (5,203 | ) |  |  | - |
Other expense, net |  |  | (280 | ) |  |  | (32 | )
Net loss before taxes |  | $ | (42,618 | ) |  | $ | (21,525 | )
(a) |  | Demand response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.
(b) |  | The reconciling general and administrative expense, exclusive of depreciation and amortization represent corporate and unallocated general and administrative expenses for the nine months ended September 30, 2025 and 2024.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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