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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 5: PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment, net, consisted of the following:

 

   December 31,
2024		   December 31,
2023		 
         
Plant and equipment  $10,404,241   $4,973,191 
Computer equipment   176,151    125,695 
Processing machines (Miners)   77,447,520    102,984,186 
Modular data center   22,103,986    25,449,717 
Motor Vehicles   199,246    199,246 
Transformers   9,344,544    9,843,359 
Low-cost assets   1,069,260    998,815 
Assets under construction   
-
    4,764,051 
Leasehold improvements   487,527    487,527 
Total   121,232,475    149,825,787 
Less: Accumulated depreciation   (93,161,060)   (92,085,496)
Property, plant and equipment, net  $28,071,415   $57,740,291 

 

The Company incurred depreciation and amortization expense in the amounts of $17.9 million and $38.1 million for the years ended December 31, 2024 and 2023, respectively.

 

There were no impairment charges for the years ended December 31, 2024 and 2023.