v3.26.1
Segment and Revenue Analysis
 12 Months Ended
Dec. 31, 2025
Segment and Revenue Analysis [Abstract]  
Segment and revenue analysis

Note 16 – Segment and revenue analysis

 

The Company operates in a single operating segment that primarily includes the selling of bitcoin mining machines and related accessories, telecommunication products, solar and battery storage products and related accessories, providing cryptocurrency exchange services, cross-border payment and foreign exchange services, SaaS data visualization and analytic solution and rental services.

 

The following table summarizes the revenue generated from different revenue streams:

 

   For the year ended December 31,   For the year ended December 31,   For the year ended December 31, 
   2025   2024   2023 
Revenue            
Product revenue - Bitcoin mining machines and related accessories  $
-
   $
-
   $ 265,984 
Product revenue - Telecommunication products   228,428    501,111    516,365 
Product revenue - Solar and battery storage products and related accessories   564,619    570,832    
-
 
Service revenue - Cryptocurrency exchange services   1,141,811    1,290,700    1,044,087 
Service revenue - Cross-border payment and foreign exchange services   1,998,168    2,307,491    2,637,101 
Service revenue - Rental services   1,165,027    718,139    
-
 
Service revenue - SaaS data visualization and analytic solution   1,148,317    183,098    
-
 
Others (1)   290,617    297,400    391,644 
Total  $6,536,987   $5,868,771   $4,855,181 

 

(1)Other revenues mainly include revenue from our service management and maintenance services.

 

The following table summarizes the revenues generated from different geographic region:

 

  

For the year
ended

December 31,

  

For the year
ended

December 31,

  

For the year
ended

December 31,

 
   2025   2024   2023 
Geographic region            
Mainland China  $1,576,773   $1,515,945   $1,173,993 
Australia   4,960,214    4,352,826    3,681,188 
Total  $6,536,987   $5,868,771   $4,855,181 

 

The following table summarizes the cost of revenues associated with different revenue streams:

 

   For the year ended December 31,   For the year ended December 31,   For the year ended December 31, 
   2025   2024   2023 
Cost of revenues            
Bitcoin mining machines and related accessories (1)  $
-
   $
-
   $17,004,040 
Telecommunication products   290,741    932,840    1,346,914 
Solar and battery storage products and related accessories   410,197    430,849    
-
 
Cryptocurrency exchange services   286,958    668,231    740,591 
Cross-border payment and foreign exchange services   1,455,217    1,642,276    1,885,956 
Rental services   2,323,449    455,528    
-
 
SaaS data visualization and analytic solution   825,146    110,499    
-
 
Others   550,433    438,862    581,485 
Total  $6,142,141   $4,679,085   $21,558,986 

 

(1)Approximately US$1.7 million cost primarily related to the rental service in the year ended December 31, 2025 and approximately US$16.7 million cost related to the bitcoin mining machines and related accessories business recognized in the year ended December 31, 2023 were recorded in connection with impairment of VAT recoverable and inventories, respectively.

Selected assets of property, plant and equipment, right-of- use assets, intangible assets and goodwill by geographical region within the operating segment is as follows:

 

   As of
December 31,		  As of
December 31,
   2025  2024
Geographic region      
Mainland China  $27,572,840   $31,389,546 
Hong Kong   169,718    96,070 
Australia   3,710,519    5,589,164 
US   4,226,244    254,497 
Others foreign countries and regions   
-
    583,880 
Total  $35,679,321   $37,913,157