v3.26.1
Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders’ Equity [Abstract]  
Schedule of Movement in Number of Common Shares

The following table details the movement in number of common shares:

 

   Three months ended March 31, 
   2026   2025 
Outstanding, January 1,  601,579,999   479,332,885 
Issuance through at-the market equity offering program 
   14,444,643 
Issuance through business combination 
   59,866,609 
Exercise of Options  338,863  
 
Settlement of restricted share units  932,275  
 
Outstanding, March 31,  602,851,137   553,644,137 
Schedule of Outstanding Number of Warrants

Details of the outstanding number of Warrants are as follows:

 

   Three months ended March 31, 
   2026   2025 
   Number of
Warrants
   Weighted
Average
Exercise Price (USD)
   Number of
Warrants
   Weighted
Average
Exercise Price (USD)
 
Outstanding, January 1,  13,907,295   1.97   10,841,482   1.17 
Granted 
  
   12,893,650   1.30 
Outstanding, March 31,  13,907,295   1.97   23,735,132   1.24 
Schedule of Weighted-Average Inputs to Determine Fair Values of Warrants Granted

The Black-Scholes option-pricing model utilized the following weighted-average inputs to determine the fair values of the warrants granted during the year ended December 31, 2025:

 

     
Dividend yield (%)   
%
Expected share price volatility (%)*   98%
Risk-free interest rate (%)   4.03%
Expected life of warrants (years)   5.60 
Share price (USD)  $1.41 
Exercise price (USD)  $1.74 
Fair value of warrants (USD)  $1.05 
Number of warrants issued   20,421,723 

 

*Expected share price volatility is estimated based on a combination of the Company’s stock price and Bitcoin price data.