Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Reporting Information

The following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for three months ended March 31, 2026 and 2025, and reconciles to net loss on the consolidated statements of operations:

For the three months ended March 31, 2026


	Cryptocurrency Mining		Data Center Hosting		High- Performance Computing Services		Total
Segment Revenue: Revenue from external customers	$	2,169	$	6,688	$	—	$	8,857
Reconciliation of revenue
Demand response service revenue (a)							537
Total consolidated revenue							9,394
Less: Segment cost of revenue
Utility costs	1,132		1,792		—		2,924
Wages, benefits, and employee related costs	243		962		—		1,205
Facilities and Equipment costs	228		674		—		902
Cost of revenue- depreciation	1,011		1,191		—		2,202
Other cost of revenue*	119		508		—		627
Total segment cost of revenue	2,733		5,127		—		7,860
General and administrative expenses	44		462				506

Segment operating (loss) income	$	(608)	$	1,099	$	—	$	491

For the three months ended March 31, 2025


	Cryptocurrency Mining		Data Center Hosting		High- Performance Computing Services		Total
Segment Revenue: Revenue from external customers	$	2,999	2,402		$	28	$	5,429
Reconciliation of revenue
Demand response service revenue (a)							507
							5,936
Less: Segment cost of revenue
Utility costs	1,412		389		—		1,801
Wages, benefits, and employee related costs	219		470		7		696
Facilities and Equipment costs	207		365		—		572
Cost of revenue- depreciation	1,074		401		—		1,475
Other cost of revenue*	140		144		—		284
Total segment cost of revenue	3,052		1,769		7		4,828
General and administrative expenses	14		90		159		263

Segment operating (loss) income	$	(67)	$	543	$	(138)	$	338

(a)Demand response 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 to net loss before taxes:


	For the three months ended March 31,
	2026		2025
Segment operating income (loss)	$	491	$	338

Reconciling Items:
Elimination of intercompany costs	381		65
Other revenue (a)	537		507
General and administrative, exclusive of depreciation and amortization (b)	(15,634)		(5,683)
General and administrative, depreciation and amortization	(2,401)		(2,404)
Interest expense	(1,481)		(838)
Gain on debt extinguishment and revaluation, net	—		551
Other financing expense	(564)		(201)
Gain on sale of fixed assets	32		—
Fair value adjustment loss	—		(118)
Other income, net	113		4
Net loss before taxes	$	(18,526)	$	(7,779)

(a)Demand response 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 three months ended March 31, 2026 and 2025.