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Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

 

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

 

   June 30,
2025		   December 31,
2024		 
         
Plant and equipment  $10,404,241   $10,404,241 
Computer equipment   176,151    176,151 
Processing machines (Miners)   77,447,520    77,447,520 
Modular data center   22,103,986    22,103,986 
Motor Vehicles   199,246    199,246 
Transformers   9,344,544    9,344,544 
Low-cost assets   1,123,893    1,069,260 
Leasehold improvements   487,527    487,527 
Total   121,287,108    121,232,475 
Less: Accumulated depreciation   (96,155,092)   (93,161,060)
Property, plant and equipment, net  $25,132,016   $28,071,415 

 

The Company incurred depreciation and amortization expense in the amounts of $1.5 million and $4.6 million for the three-month period ended June 30, 2025 and 2024, respectively. The Company incurred depreciation and amortization expense in the amounts of $3.0 million and $12.6 million for the six-months ended June 30, 2025 and 2024, respectively There were no impairment charges during the six-month period ended June 30, 2025 and 2024.