SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The Company functions in two operating segments, Energy Operations and Cryptocurrency Operations, about which separate financial information is presented below.

	Three Months Ended
	March 31, 2024		March 31, 2023
OPERATING REVENUES:
Energy Operations	$	773,598	$	3,642,921
Cryptocurrency Operations	26,748,587		13,623,294
Total operating revenues	$	27,522,185	$	17,266,215
NET OPERATING LOSS:
Energy Operations	$	(8,203,180)	$	(10,601,025)
Cryptocurrency Operations	4,621,158		(4,015,088)
Total net operating loss	$	(3,582,022)	$	(14,616,113)
OTHER INCOME (EXPENSE) (1)	9,424,311		(32,044,449)
NET INCOME (LOSS)	$	5,842,289	$	(46,660,562)
DEPRECIATION AND AMORTIZATION:
Energy Operations	$	(1,325,667)	$	(1,332,873)
Cryptocurrency Operations	(8,188,987)		(6,389,968)
Total depreciation and amortization	$	(9,514,654)	$	(7,722,841)
INTEREST EXPENSE:
Energy Operations	$	(24,449)	$	(159,287)
Cryptocurrency Operations	(2,238,960)		(2,224,626)
Total interest expense	$	(2,263,409)	$	(2,383,913)

(1) The Company does not allocate other income (expense) for segment reporting purposes. Amount is shown as a reconciling item between net operating income (loss) and consolidated net income (loss). Refer to the accompanying condensed consolidated statements of operations for further details.