ALLIANCE RESOURCE PARTNERS LP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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7. Digital Assets
The following table sets forth our digital assets as shown on the consolidated balance sheet:
| · · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| · · December 31, 2024 · | ||||||||
| · · Units · · Cost Basis · · Fair Value · | ||||||||
| Digital assets: · · (in thousands, except unit data) · | ||||||||
| Bitcoin | | | 481.89 | | $18,748 | | $45,037 | |
| Total | | | | | $18,748 | | $45,037 | |
The following table represents a reconciliation of the fair values of our digital assets:
| | | | | |
|---|---|---|---|---|
| · · Year Ended · | ||||
| · · December 31, · | ||||
| · · 2024 · | ||||
| Digital assets: · · (in thousands) · | ||||
| Beginning balance | | $15,811 | | |
| Additions | | | 10,428 | |
| Dispositions | | | (3,597) | |
| Fair value gains | | | 22,395 | |
| Ending balance | | $45,037 | | |
As discussed in Note 2 – New Accounting Standards, our beginning balance is inclusive of a cumulative-effect adjustment of $6.2 million as of January 1, 2024. Additions are the result of awarded digital assets received from our
crypto-mining activities, while dispositions are the result of sales and payments for services. During the year ended December 31, 2024, we had digital asset dispositions of $3.6 million, inclusive of realized gains of $2.1 million.
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