Property, Plant and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consist of the following at:

(Dollars in thousands)	December 31, 2025		December 31, 2024
Land and land improvements	$	4,471	$	1,553
Buildings and leasehold improvements	36,464		25,453
Computers and related software	13,542		11,533
Machinery and equipment	19,522		9,324
Office furniture and fixtures	74		34
Construction in progress	16,215		9,250
	90,288		57,147
Less: Accumulated depreciation	(15,505)		(9,864)
	$	74,783	$	47,283

Depreciation expense was approximately $6.9 million and $6.2 million for the years ended December 31, 2025 and 2024, respectively. Repairs and maintenance expense was approximately $591 thousand and $536 thousand for the years ended December 31, 2025 and 2024, respectively.

The Company had a loss on sale of equipment and credit deposit of approximately $1.2 million for the year ended December 31, 2025, which related to $780 thousand loss on credit deposit discussed in Note 2 and approximately $371 thousand loss on equipment for the sale of cryptocurrency miners that were replaced during the year.