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DIGITAL CURRENCIES (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Digital Currencies
As of March 31, 2024, the Company held an aggregate amount of $2,704 in digital currencies comprised of unrestricted Bitcoin. Changes in digital currencies consisted of the following for the three months ended March 31, 2024, and 2023:
Three Months Ended
March 31, 2024March 31, 2023
Digital currencies at beginning of period$3,175,595 $109,827 
Additions of digital currencies(1)
25,114,221 12,921,075 
Realized gain on sale of digital currencies624,107 326,768 
Unrealized gain (loss) on digital currencies1,227 — 
Impairment losses— (71,477)
Proceeds from sale of digital currencies(29,011,738)(12,613,341)
Impact of ASU 2023-08 as of January 1, 202499,292 — 
Digital currencies at end of period$2,704 $672,852 
(1) Additions of digital currencies were related to mining activities.
2 See Note 1 – Basis of Presentation for more details regarding the Company's adoption of ASU 2023-08 as of January 1, 2024.