SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 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				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
OPERATING REVENUES:
Energy Operations	$	546,686	$	1,252,688	$	1,611,598	$	6,266,851
Cryptocurrency Operations	10,621,387		16,474,269		56,182,799		46,960,062
Total operating revenues	$	11,168,073	$	17,726,957	$	57,794,397	$	53,226,913
NET OPERATING LOSS:
Energy Operations	$	(5,926,117)	$	(9,685,721)	$	(23,002,472)	$	(29,864,794)
Cryptocurrency Operations	(11,657,590)		(10,019,215)		(16,805,016)		(20,035,786)
Total net operating loss	$	(17,583,707)	$	(19,704,936)	$	(39,807,488)	$	(49,900,580)
OTHER (EXPENSE) INCOME (1)	(5,086,885)		(2,606,977)		1,712,188		(30,764,024)
NET LOSS	$	(22,670,592)	$	(22,311,913)	$	(38,095,300)	$	(80,664,604)
DEPRECIATION AND AMORTIZATION:
Energy Operations	$	(1,359,278)	$	(1,341,076)	$	(4,031,499)	$	(4,004,596)
Cryptocurrency Operations	(7,264,368)		(8,326,137)		(23,397,364)		(22,020,425)
Total depreciation and amortization	$	(8,623,646)	$	(9,667,213)	$	(27,428,863)	$	(26,025,021)
INTEREST EXPENSE:
Energy Operations	$	(22,056)	$	(39,007)	$	(70,721)	$	(450,472)
Cryptocurrency Operations	(2,214,531)		(2,402,132)		(6,677,338)		(6,978,058)
Total interest expense	$	(2,236,587)	$	(2,441,139)	$	(6,748,059)	$	(7,428,530)

(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.