Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Segment Reporting Information

The following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for years ended December 31, 2025 and 2024, and reconciles to net income (loss) on the consolidated statements of operations:

For the year ended December 31, 2025


	Cryptocurrency Mining		Data Center Hosting		High-Performance Computing Services		Total
Segment Revenue: Revenue from external customers	$	11,406	$	16,998	$	28	$	28,432
Reconciliation of revenue
Demand response revenue (a)							1,285
Total consolidated revenue							29,717
Less: Segment cost of revenue
Utility costs	5,418		3,492		—		8,910
Wages, benefits, and employee related costs	873		2,853		7		3,733
Facilities and Equipment costs	862		2,141		—		3,003
Cost of revenue- depreciation	4,304		2,433		—		6,737
Other cost of revenue*	517		1,355		—		1,872
Total segment cost of revenue	11,974		12,274		7		24,255
General and administrative expenses	62		2,035		270		2,367
Loss on contract	—		—		—		—
Impairment on fixed assets	—		12		—		12
Segment operating (loss) income	$	(630)	$	2,677	$	(249)	$	1,798

For the year ended December 31, 2024


	Cryptocurrency Mining		Data Center Hosting		High-Performance Computing Services		Total
Segment Revenue: Revenue from external customers	$	17,027	$	18,838	$	16	$	35,881
Reconciliation of revenue
Demand response revenue (a)							2,140
							38,021
Less: Segment cost of revenue
Utility costs	5,381		5,437		—		10,818
Wages, benefits, and employee related costs	849		2,087		6		2,942
Facilities and Equipment costs	944		1,406		5,718		8,068
Cost of revenue- depreciation	4,292		1,735		—		6,027
Other cost of revenue*	623		779		—		1,402
Total segment cost of revenue	12,089		11,444		5,724		29,257
General and administrative expenses	169		1,058		410		1,637
Loss on contract	—		—		28,593		28,593
Impairment on fixed assets	130		—		—		130
Segment operating income (loss)	$	4,639	$	6,336	$	(34,711)	$	(23,736)

(a)Demand service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.

*Other cost of revenue includes Insurance, outside service costs and margins, and general costs.

The following table presents the reconciliation of segment operating income (loss) to net income (loss) before taxes:


	Year ended December 31,
	2025		2024
Segment operating income (loss)	$	1,798	$	(23,736)

Reconciling Items:
Elimination of intercompany costs	996		630
Other revenue (a)	1,285		2,140
General and administrative, exclusive of depreciation and amortization (b)	(28,152)		(16,944)
General and administrative, depreciation and amortization	(9,608)		(9,613)
Interest expense	(4,835)		(2,527)
Gain (loss) on debt extinguishment and revaluation, net	10,658		(1,644)
Loss on sale of fixed assets and credit on equipment deposit	(1,151)		(31)
Fair value adjustment loss	(23,681)		(5705)
Other financing expense	(5,917)		(3,661)
Other (expense) income, net	(700)		304
Net loss before taxes	$	(59,307)	$	(60,787)

(a)Demand service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss

(b)The reconciling general and administrative expense, exclusive of depreciation and amortization represent corporate and unallocated general and administrative expenses for the year.