For the Years Ended
December 31,

2022

2021

2020

Opening balance

$

15,829,464

$

56,005

$

-

Collection of USDC from exchange of cash and other digital assets

1,998,002

18,201,257

-

Collection of USDC from private placement

-

1,179,368

-

Receipt of USDC from sales of property and equipment

712,800

-

Collection of deposits of miner sales and other fees

230,000

-

Refund of deposit on property and equipment

-

234,371

-

Collection from borrowings from a related party

-

329,722

Sales of USDC in exchange of cash

(13,450,000

)

-

Payment of USDC for transportation expenses

(2,426,065

)

-

Payment of USDC for other expenses

(2,267,760

)

(1,615,922

)

(273,717

)

Investment in an investment security

-

(1,000,000

)

-

Purchases of miners

-

(895,893

)

-

Repayment of borrowings from a related party (Note 15)

-

(329,722

)

-

Ending balance

$

626,441

$

15,829,464

$

56,005