The following table presents the Company’s
digital assets pledged as collateral for loan borrowings (Note 13) and accounts payable as of December 31, 2025 and 2024.
| | |
As of December 31, 2025 | | |
As of December 31, 2024 | |
| | |
Quantity | | |
Fair Value | | |
Quantity | | |
Fair Value | |
| | |
| | |
| | |
| | |
| |
| Pledged BTC- current | |
| | | |
| | | |
| | | |
| | |
| for
accounts payable (1) | |
| 22 | | |
| 1,932 | | |
| 131 | | |
| 12,569 | |
| for loan
borrowings (2) | |
| 252 | | |
| 22,143 | | |
| - | | |
| - | |
| Pledged BTC-non-current | |
| | | |
| | | |
| | | |
| | |
| for
loan borrowings (2) | |
| - | | |
| - | | |
| 502 | | |
| 47,827 | |
| Digital asset collateral receivable | |
| 274 | | |
| 24,075 | | |
| 633 | | |
| 60,396 | |
| (1) | The BTC was pledged for the accounts payable due to a supplier of mining equipment, who is a related party of the Company. This collateral is expected to be released when the related outstanding payables are paid within one year. |
| (2) | The BTC was pledged for long-term loans (see Note 13). This collateral is expected to be released when the related loans are matured and repaid. |
|