The following table presents information about the Company’s bitcoin (in thousands): | | | | | | | | | | | | | For the Six Months Ended June 30, | | 2025 | | 2024 | | Opening balance | $ | 92,651 | | | $ | 32,978 | | | Bitcoin received from equity investees | 13,857 | | | 5,907 | | | Bitcoin received from mining activities | 67,270 | | | 85,281 | | | Bitcoin received from loan | 16,551 | | | - | | | Bitcoin loan payments | (140) | | | - | | | Proceeds from sales of bitcoin | (121,352) | | | (10,334) | | Realized gains on sales of bitcoin, net(1) | 8,557 | | | 4,869 | | | Unrealized (losses) gains on bitcoin | (3,035) | | | 19,378 | | Realized loss on bitcoin transferred to collateral, net(2) | (3,195) | | | - | | Bitcoin transferred from collateral, net | 40,925 | | | - | | | Ending balance | $ | 112,089 | | | $ | 138,079 | | (1) Realized losses from sale of bitcoin were immaterial in all periods presented. | (2) Realized loss on bitcoin transferred to collateral, net is classified under other income (expense) on the condensed consolidated statement of operations |
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