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Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Statement of Cash Flows [Abstract] |  |  |
Net loss for the year | $ (909,660) | $ (12,585,250) | $ (21,520,114)
Adjustments to reconcile to cash used in operating activities: |  |  |
Less on the divestment of a subsidiary |  |  | 593,063
Depreciation of property, and equipment | 2,626,332 | 4,973,729 | 6,264,700
Provision for dimunition in value for miners |  | 7,364,650 | 11,889,000
Provision for impairment in value of digital assets |  |  | 76,681
Changes in operating assets and liabilities: |  |  |
Other receivables and prepayments | 215,638 | 2,400,297 | (3,868,841)
Other payables and accruals | (15,262) | (397,513) | (585,482)
Digital assets |  |  | (164,428)
Net cash generated from/(used in) operating activities | 1,917,048 | 1,755,913 | (7,315,421)
Cash flows from investing activities: |  |  |
Purchase of property and equipment | (2,596,673) | (9,250,538) | (30,707,108)
Proceeds from the divestment of a subsidiary |  |  | 128
Utilization of digital assets | 936,404 | 5,893,591 | (2,000,000)
Net cash (used in) investing activities: | (1,660,269) | (3,356,947) | (32,706,980)
Cash from financing activities |  |  | 40,000,000
Net cash flows for the year | 256,779 | (1,601,034) | (22,401)
Effect of exchange rates on cash and cash equivalents | (22,049) | (20,053) | 20,283
Net increase/(decrease) in cash and cash equivalents | 234,730 | (1,621,087) | (2,118)
Cash and cash equivalents, beginning of year | 884,199 | 2,505,286 | 2,507,404
Cash and cash equivalents, end of year | $ 1,118,929 | $ 884,199 | $ 2,505,286

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