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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Based Compensation
During the year ended December 31, 2025, the Company awarded the following under the 2021 Plan:
Award TypeNumber of AwardsFair Value/Closing
Market Price at Grant
Restricted Stock Awards – Common Stock2,140,683$0.64 
Restricted Stock Units – Common Stock32,000$0.63 
Restricted Stock Awards – Common Stock12,155,286$1.63 
14,327,969
During the year ended December 31, 2025, the Company awarded the following under the 2023 Plan:
Award TypeNumber of AwardsFair Value/Closing
Market Price at Grant
Restricted Stock Awards – Common Stock2,751,078$0.47 
Restricted Stock Awards – Common Stock135,000$4.29 
Restricted Stock Awards – Common Stock7,102,312$1.63 
Restricted Stock Units – Common Stock391,500$1.97 
Total awards granted10,379,890
During the year ended December 31, 2024, the Company awarded the following under its 2023 Plan.
Award TypeNumber of Awards
Fair Value/Closing
Market Price at Grant
Restricted Stock Awards – Common Stock610,234$1.52 
Restricted Stock Awards – Common Stock57,255$2.41 
Restricted Stock Awards – Common Stock645,795$3.96 
Restricted Stock Awards – Common Stock1,065,101$3.42 
Total awards granted2,378,385

During the year ended December 31, 2024, the Company awarded the following under its 2021 Plan.
Award TypeNumber of Awards
Fair Value/Closing
Market Price at Grant
Restricted Stock Awards – Common Stock391,544$1.52 
Restricted Stock Awards – Common Stock90,734$2.41 
Restricted Stock Awards – Common Stock542,896$3.96 
Restricted Stock Units – Common Stock294,000$3.42 
Restricted Stock Awards – Preferred A Stock1,892,300$2.50 
3,211,474
Schedule of Share Based Compensation Expense
Total share-based compensation expense, related to the Company’s share-based awards, recognized for the years ended December 31, was included within the representative group comprised as follows:
20252024
(Dollars in thousands)
Cost of cryptocurrency mining revenue, exclusive of depreciation$45 $48 
Cost of data hosting revenue, exclusive of depreciation120 112 
General and administrative expenses, exclusive of depreciation and amortization10,401 5,151 
Share-based compensation expense$10,566 $5,311 
Schedule of Stock Option Activity
Presented below is a summary of the Company’s stock option activity for the Plans for the years ended December 31:
20252024
Shares under option, beginning3,24552,393
Granted--
Exercised--
Forfeited--
Expired/canceled(600)(49,148)
Shares under option, ending2,6453,245
Options exercisable2,6453,245
The weighted average exercise price for the Company’s stock option activity for the Plans is as follows for each of the years ended December 31:
20252024
Shares under option, beginning$23.04 $102.86 
Granted$$
Exercised$$
Forfeited$$
Expired/canceled$30.00 $108.13 
Shares under option, ending$21.46 $23.04 
Options exercisable, ending$21.46 $23.04 
Schedule of Option Outstanding and Exercisable
The following table summarizes information for options outstanding and exercisable for the Plans as of December 31, 2025:
OutstandingExercisable
Weighted Average
Remaining
Weighted
Average
Weighted Average
Remaining
Weighted
Average
Exercise
Price Range
NumberContractual LifeExercise
Price
NumberContractual LifeExercise Price
$17.50-$22.50
2,6453.15$21.46 2,6453.15$21.46 
Schedule of Non Vested Restricted Stock
Non-vested restricted stock activity is as follows for the year ended December 31:
20252024
Non-vested restricted stock balance, beginning January 15,240,25311,503
Non-vested restricted stock granted24,707,8595,589,859
Vested restricted stock
Non-vested restricted stock exercised(678,809)(361,069)
Non-vested restricted stock forfeited/expired(297,641)(40)
Non-vested restricted stock balance, ending December 3128,971,6625,240,253
Schedule of Weighted Average Fair Value Price for Restricted Stock
The weighted average fair value price for the Company’s restricted stock activity for the Plans is as follows for each of the years ended December 31:
20252024
Restricted stock, beginning$3.06 $222.39 
Granted$1.43 $2.86 
Exercised$4.20 $6.90 
Forfeited/ expired$2.21 $28.00 
Restricted stock, ending$1.66 $3.06 
Schedule of Common Stock Warrant Activity
The following is a summary of common stock warrant activity during the year ended December 31, 2025.
Number of
Warrant
Shares
Weighted
Average
Exercise Price ($)
Balance, December 31, 20242,793,798$4.55 
Granted54,065,0290.82 
Exercised(25,656,522)0.44 
Forfeited/ Expired / Redeemed(603,265)5.01 
Balance, December 31, 202530,599,040$1.41 
The following is a summary of common stock warrant activity during the year ended December 31, 2024.
Number of
Warrant
Shares
Weighted
Average
Exercise Price ($)
Balance, December 31, 20231,148,269$24.21 
Granted3,402,9722.47 
Exercised(1,721,443)1.36 
Forfeited/ Expired(36,000)287.5 
Balance, December 31, 20242,793,798$4.55