v3.26.1
Significant Accounting Policies and Recent Accounting Pronouncements (Tables)
6 Months Ended
Jun. 30, 2026
Organization and Summary of Significant Accounting Policies [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of June 30, 2026 and December 31, 2025:

 

 

Fair value measured at June 30, 2026

 

(in USD thousands)

 

Total carrying value at June 30, 2026

 

 

Quoted prices in
active markets
(Level 1)

 

 

Significant other
observable inputs
(Level 2)

 

 

Significant
unobservable inputs
(Level 3)

 

Digital assets

 

$

478,891

 

 

$

478,891

 

 

$

 

 

$

 

Warrant liability

 

 

(55

)

 

 

 

 

 

 

 

 

(55

)

Bitcoin redemption and put options

 

 

180,013

 

 

 

 

 

 

180,013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value measured at December 31, 2025

 

(in USD thousands)

 

Total carrying value at December 31, 2025

 

 

Quoted prices in
active markets
(Level 1)

 

 

Significant other
observable inputs
(Level 2)

 

 

Significant
unobservable inputs
(Level 3)

 

Digital assets

 

$

472,577

 

 

$

472,577

 

 

$

 

 

$

 

Warrant liability

 

 

(146

)

 

 

 

 

 

 

 

 

(146

)

Bitcoin redemption and put options

 

 

101,179

 

 

 

 

 

 

101,179

 

 

 

 

Summary of Estimated Useful Life of Property and Equipment

The estimated useful life of the Company's property and equipment is generally as follows:

 

 

 

Useful life (in years)

Miners and mining equipment

 

4