v3.26.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net Income $ 4,709 $ 7,814
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred financing costs 643 1,261
Depreciation and amortization 7,670 10,072
Unrealized loss on cryptocurrencies 2,576 0
Non-cash stock compensation 4,866 3,400
Purchase of services in cryptocurrencies 915 1,238
Deferred taxes (6,628) (2,997)
Write-off of deferred financing costs 0 3,136
Loss on debt extinguishment 429 0
Cryptocurrency received as payment (854) (1,372)
Other 439 754
Change in operating assets and liabilities    
Deposits (308) (322)
Accounts receivable (364) (30)
Cryptocurrencies (2,730) (44)
Prepaid expenses and other current assets (54) 438
Accounts payable (889) 3,222
Accrued expenses and other current liabilities 26,792 (4,247)
Income taxes payable (475) (276)
Other taxes payable (2,259) (38)
Tax receivable agreement liability (331) 1,521
Deferred revenue 322 (277)
Operating leases, net (491) (709)
Net cash flows provided by operating activities 33,978 22,544
Cash flows from investing activities:    
Acquisition of property and equipment (5,489) (10,750)
Proceeds from sale of property and equipment 88 0
Acquisition of cryptocurrency for investment (8,473) (620)
Net cash flows used in investing activities (13,874) (11,370)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 25,252 34,514
Principal payments on notes payable (20,997) (4,398)
Payment of debt issuance costs (313) (121)
Principal payments on finance lease (3,433) (7,635)
Proceeds from finance leases 0 3,382
Proceeds from issuance of common stock, net 35,108 0
Cash paid in connection with Up-C restructuring (9,331) 0
Purchase of treasury stock 0 (158)
Distributions (10,102) (37,160)
Net cash flows provided by (used in) financing activities 16,184 (11,576)
Effect of foreign exchange rate changes on cash and cash equivalents (128) 115
Net change in cash and cash equivalents 36,160 (287)
Cash and cash equivalents - beginning of period 29,472 29,759
Cash and cash equivalents - end of period 65,632 29,472
Cash paid during the year ended December 31 for:    
Interest 10,869 9,926
Income taxes $ 9,651 $ 4,243