Digital assets consist of the following:


		December 31, 2022			December 31, 2021

Bitcoin	$		888,026	$		-

Digital asset activity (Bitcoin and Ether) consisted of the following:


		December 31, 2022				December 31, 2021
Beginning of Year	$	-			$	-
Purchase of digital assets			988,343				1,419,958
Production of digital assets			945,560				-
Impairment loss on mined digital assets			(79,794	)			-
Impairment loss on digital assets			(467,406	)			(23,720	)
Sale of digital assets			(518,931	)			(1,898,895	)
Realized gain on sale of digital assets			20,254				502,657
End of Period	$		888,026		$		-

Digital asset activity (GUSD) consisted of the following:


		December 31, 2022				December 31, 2021
Beginning of Year	$	-			$		-
Purchase of GUSD			500,000				750,000
GUSD Earned on digital assets			5,658				3,775
Sale of GUSD			(505,658	)			(753,775	)
End of Period	$		-		$		-

During the year ended December 31, 2022 and 2021, the Company purchased 31.6 Bitcoin for approximately $988 thousand and 21 Bitcoin and 170 Ether for $1,420 thousand, respectively. Additionally, during the year ended December 31, 2022, mining operations commenced and the Company earned approximately 53.4 Bitcoin through mining activities (Refer to Note 1 for digital asset accounting policies). Bitcoin earned through mining activities were recognized at an amount equal to their fair value on the date received of approximately $945 thousand.

During the year ended December 31, 2022 and 2021, the Company recorded an impairment loss of $467,406 and $23,720, respectively, related to purchased digital assets, which was included within "Impairment loss on purchased digital assets" in the consolidated statements of operations. During the year ended December 31, 2022 and 2021, the Company also recorded an impairment loss of $79,794 and $0, respectively, related to mined digital assets which was included within "Impairment loss on mined digital assets" in the consolidated statements of operations.

During the year ended December 31, 2022 and 2021, the Company sold Bitcoin and Ether for proceeds of approximately $519 thousand and $1,899 thousand, respectively, which resulted in a realized gain of approximately $20 thousand and $503 thousand, respectively. The realized gain was included within "Realized gain on digital assets" in the consolidated statements of operations.

During the years ended December 31, 2022 and 2021, the Company purchased and received an aggregate of $500 thousand and $750 thousand in Gemini Dollars (GUSD), respectively. GUSD earns additional Gemini dollars, of which we earned approximately $5,700 and $3,800 worth of GUSD during the years ended December 31, 2022 and 2021, respectively, which was recorded as "Digital assets other income" in the consolidated statements of operation. During the years ended December 31, 2022 and 2021, the Company did not record any impairment losses on GUSD. The Company sold all of their GUSD during the years ended December 31, 2022 and 2021 for approximately $506 thousand, and $754 thousand, respectively, which was equal to its carrying value.