v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss for the period, including noncontrolling interest $ (20,011,821) $ (1,439,490) $ (39,815,021) $ (3,923,998)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation 1,318,001 382,131 2,052,411 566,110
Share based compensation 382,158 467,623 1,761,785 253,728
Change in fair value of digital assets 328,433 406,345 (157,923)
Intangible assets (FIL) revenue (77,758) (133,235) (219,763)
Intangible assets (FIL) cost of revenue 33,663 141,338 118,497
Amortization of intangible assets 275,000 1,650,000 564,671
Deferred tax liability (112,767)    
Income tax (benefit) expense     (216,234) 32,908
Unrealized (gains) losses on foreign currency exchange (3,206,678) (102,591) (1,106,756) 956,560
Change in fair value of NUAI shares 1,509,115    
Change in fair value of convertible notes 70,227,754 26,030,635
Change in fair value of warrant liability (883,325) (445,000)
Gain on sale of property and equipment (808,513) (945,662) (273,273)
Gain on sale of investment in TCDC (65,919,712)    
Bad debt expense     73,434
Debt issuance costs     5,935,530
Changes in assets and liabilities:        
Trade and other receivables (4,588,742) (66,677) 181,427 (759,340)
Other current assets (1,400,349) 11,698 (239,242) 27,285
Other long-term assets 4,534 8,963
Trade and other payables 4,307,291 (223,391) (531,597) 608,545
Income tax payable 13,518,652    
Other current liabilities (2,701,932) 2,551,932
Net cash provided by (used in) operating activities (7,449,588) (1,328,105) (2,638,947) (2,205,993)
CASH FLOWS FROM INVESTING ACTIVITIES        
Cash received from DSS acquisition     55,836
Purchase of certificates of deposit (50,218) (86,828) (264,363)
Deposit paid on property and equipment (42,453,168)    
Payment for the purchase of property and equipment (66,712) (32,963) (10,950,712) (2,947,244)
Proceeds from sales of digital assets     339,412 119,268
Investment - Texas Critical Data Centers JV     (3,414,432)
Cash received as initial deposit related to the sale of TCDC investment     150,000
Proceeds received from the sale of TCDC investment 9,850,000    
Proceeds from sale of property and equipment     156,965
Net cash provided by (used in) investing activities (32,720,098) (32,963) (13,805,595) (3,036,503)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from issuance of common stock, net of issuance costs 119,499,981 481,299 10,184,394
Issuance costs related to capital raise     (5,731,313) (622,231)
Proceeds from debt issuance with related parties     419,601
Proceeds from issuance of preferred shares     42,000
Cash received from convertible note issuance 15,171,072 89,221,502
Payment for lease liabilities (219,721) (109,225) (3,176,273)
Repayment of note payable (2,249,124)    
Proceeds from issuance of note payable     2,249,124
Net cash provided by (used in) financing activities 132,202,208 (109,225) 83,044,339 10,023,764
Effect of exchange rate changes on cash and cash equivalents 1,182,741 (109,814) 48,422 (356,667)
Net cash increase/(decreases) in cash and cash equivalents 93,215,263 (1,580,107) 66,648,219 4,424,601
Cash and cash equivalents at beginning of period 71,073,024 4,424,805 4,424,805 204
Cash and cash equivalents at end of period $ 164,288,288 $ 2,844,698 $ 71,073,024 $ 4,424,805