v3.26.1
Consolidated Statements of Operations (unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues: | ||||
| Digital mining revenues | $ 2,008,220 | $ 1,806,364 | $ 3,986,400 | $ 4,080,304 |
| Specialty finance revenue | 87,771 | 94,945 | 195,428 | 162,334 |
| Rental revenue | 20,593 | 27,015 | 43,723 | 57,023 |
| Total revenues | 2,116,584 | 1,928,324 | 4,225,551 | 4,299,661 |
| Operating costs and expenses: | ||||
| Digital mining cost of revenues (exclusive of depreciation and amortization shown below) | 1,571,273 | 1,288,399 | 3,439,617 | 2,836,694 |
| Curtailment and energy sales | (145,071) | (223,269) | (512,666) | (372,955) |
| Staff costs and payroll | 1,113,824 | 1,087,627 | 2,431,099 | 2,138,104 |
| Depreciation and amortization | 840,142 | 2,039,343 | 1,669,970 | 4,076,921 |
| Loss (gain) on fair value of Bitcoin, net | 1,318,607 | (3,761,139) | 5,103,025 | (1,951,163) |
| Professional fees | 450,389 | 308,829 | 796,083 | 673,314 |
| Selling, general and administrative | 345,317 | 375,420 | 721,745 | 685,384 |
| Real estate management and disposal | 20,008 | 22,420 | 33,383 | 58,734 |
| Collection costs | 12,804 | 8,589 | 25,184 | 25,941 |
| Settlement costs with associations | 0 | 0 | 0 | 3,693 |
| Loss (gain) on disposal of assets | (2,739) | 99,578 | (2,739) | 286,359 |
| Other operating costs | 447,123 | 259,012 | 808,218 | 514,960 |
| Total operating costs and expenses | 5,971,677 | 1,504,809 | 14,512,919 | 8,975,986 |
| Operating income (loss) | (3,855,093) | 423,515 | (10,287,368) | (4,676,325) |
| Unrealized gain (loss) on marketable securities | 8,110 | (5,110) | 5,730 | (13,820) |
| Unrealized gain (loss) on investment and equity securities | (1,111) | (130,890) | 12,913 | (156,874) |
| Impairment loss on prepaid mining machine deposit | (17,193) | 0 | (17,193) | |
| Gain on Galaxy loan derivative | 1,669,659 | 1,692,033 | 0 | |
| Loss on fair value of purchased Bitcoin, net | 0 | 0 | 0 | (52,704) |
| Loss on fair value of digital assets receivable | (1,700,773) | 0 | (4,879,213) | 0 |
| Change in credit loss reserve on digital assets receivable | 3,393 | 0 | 9,187 | 0 |
| Interest expense | (687,087) | (227,546) | (1,232,258) | (448,452) |
| Interest income | 14,532 | 531 | 15,064 | 1,676 |
| Income (loss) before income taxes | (4,565,563) | 60,500 | (14,681,105) | (5,346,499) |
| Income tax expense | 0 | 0 | 0 | 0 |
| Net income (loss) | (4,565,563) | 60,500 | (14,681,105) | (5,346,499) |
| Less: loss (gain) attributable to non-controlling interest | 1,253 | 40,054 | (2,419) | 48,379 |
| Net income (loss) attributable to PowerCompute Inc. | (4,564,310) | 100,554 | (14,683,524) | (5,298,120) |
| Less: deemed dividends (Note 6) | (40,023) | 0 | (40,023) | 0 |
| Net income (loss) attributable to common shareholders | $ (4,604,333) | $ 100,554 | $ (14,723,547) | $ (5,298,120) |
| Basic income (loss) per common share (Note 1) | $ (5.26) | $ 0.49 | $ (16.99) | $ (25.8) |
| Diluted income (loss) per common share (Note 1) | $ (5.26) | $ 0.49 | $ (16.99) | $ (25.8) |
| Weighted average number of common shares outstanding: | ||||
| Basic | 875,050 | 205,336 | 866,689 | 205,336 |
| Diluted | 875,050 | 205,336 | 866,689 | 205,336 |
| X | ||||||||||
- Definition Change in credit loss reserve on digital assets receivables. No definition available.
|
| X | ||||||||||
- Definition Collection cost. No definition available.
|
| X | ||||||||||
- Definition Curtailment and energy sales No definition available.
|
| X | ||||||||||
- Definition Digital mining cost of revenues exclusive of depreciation and amortization. No definition available.
|
| X | ||||||||||
- Definition Digital mining revenues, net. No definition available.
|
| X | ||||||||||
- Definition Gain loss on fair value of bitcoin net. No definition available.
|
| X | ||||||||||
- Definition Gain (loss) on fair value of digital asset receivable. No definition available.
|
| X | ||||||||||
- Definition Gain (loss) on fair value of purchased bitcoin, net. No definition available.
|
| X | ||||||||||
- Definition Impairment loss on prepaid machine deposits. No definition available.
|
| X | ||||||||||
- Definition Income tax expense No definition available.
|
| X | ||||||||||
- Definition Interest income No definition available.
|
| X | ||||||||||
- Definition Real estate management and disposal. No definition available.
|
| X | ||||||||||
- Definition Rental revenue. No definition available.
|
| X | ||||||||||
- Definition Specialty finance revenue. No definition available.
|
| X | ||||||||||
- Definition Staff costs and payroll expense. No definition available.
|
| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Net Increase or Decrease in the fair value of the embedded derivative or group of embedded derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment in marketable security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|