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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Information [Abstract]  
Segment Information

17. Segment Information

 

The Company applies ASC 280, Segment Reporting, in determining its reportable segments. The Company has four reportable segments: equipment sales, hosting, mining pool business and mining. The guidance requires that segment disclosures present the measure(s) used by the Chief Operating Decision Maker (“CODM”) to decide how to allocate resources and for purposes of assessing such segments’ performance. The Company’s CODM is comprised of several members of its executive management team who use revenue and cost of revenues of our four reporting segments to assess the performance of the business of our reportable operating segments. As a result, the Company has four reportable segments, including equipment sales, hosting, mining pool business and mining.

 

The following table details revenue and cost of revenues for the Company’s reportable segments for the years ended December 31, 2025, 2024 and 2023, and reconciles to net income (loss) in the consolidated statements of operations:

 

   For the years ended December 31, 
   2023   2024   2025 
   US$   US$   US$ 
Reportable segment revenue:            
Revenue – sales of products  $4,802   $2,503   $3,116 
Revenue – hosting service   366    52    — 
Revenue – mining pool   308    69    — 
Revenue – mining revenue   1,300    2,919    1,406 
Total segment and consolidated revenue   6,776    5,543    4,522 
Reportable segment cost of revenue               
Cost of revenues – sales of products   4,290    2,276    3,391 
Cost of revenues – hosting service   329    38    — 
Cost of revenues – mining pool   308    68    — 
Cost of revenues – mining revenue   1,392    4,171    3,477 
Total segment and consolidated cost of revenues   6,319    6,553    6,868 
Reconciling Items:               
Selling, general and administrative expenses   (6,837)   (6,257)   (2,703)
Research development expenses   (853)   (642)   (217)
Impairment losses of assets   (138)   —    (1,557)
Other income   1,251    2,023    369 
Income tax expense   —    —    — 
Net loss  $(6,120)  $(5,886)  $(6,454)