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Segment Information (Tables)

9 Months Ended

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.

X

- 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

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- References

No definition available.

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