Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income Statement [Abstract] | ||||
| Revenue from staking | $ 11,161 | $ 29 | $ 22,662 | $ 29 |
| Revenue from affiliate marketing | 367 | 668 | 924 | 1,410 |
| Total revenue | 11,528 | 697 | 23,586 | 1,439 |
| Gains and (losses) from operations | ||||
| Realized gain on crypto assets, net | 1,433 | 5,374 | 13,438 | 5,374 |
| Unrealized loss on crypto assets at fair value, net | (321,003) | (2,437) | (827,667) | (2,437) |
| Total gains (losses) from operations, net | (319,570) | 2,937 | (814,229) | 2,937 |
| Operating expenses | ||||
| Cost of revenues from affiliate marketing | 258 | 488 | 690 | 1,098 |
| Selling, general, and administrative expenses | 9,060 | 2,387 | 18,939 | 3,503 |
| Stock-based compensation, related party | 16,379 | 16,379 | ||
| Impairment of crypto assets at cost | 76,093 | 87,813 | 267,763 | 87,813 |
| Total operating expenses | 85,411 | 107,067 | 287,392 | 108,793 |
| Operating loss | (393,453) | (103,433) | (1,078,035) | (104,417) |
| Other income | ||||
| Interest income | 178 | 37 | 381 | 49 |
| Total other income | 178 | 37 | 381 | 49 |
| Net loss before income taxes | (393,275) | (103,396) | (1,077,654) | (104,368) |
| Income tax expense | (999) | (27) | (2,181) | (30) |
| Net loss | $ (394,274) | $ (103,423) | $ (1,079,835) | $ (104,398) |
| Denominator for net loss per share - basic and diluted: | ||||
| Basic weighted average shares | 209,784,133 | 24,202,467 | 209,358,151 | 12,989,772 |
| Diluted weighted average shares | 209,784,133 | 24,202,467 | 209,358,151 | 12,989,772 |
| Net loss per share - basic | $ (1.88) | $ (4.27) | $ (5.16) | $ (8.04) |
| Net loss per share - diluted | $ (1.88) | $ (4.27) | $ (5.16) | $ (8.04) |
| X | ||||||||||
- Definition Revenue from affiliate marketing. No definition available.
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- Definition Revenue from staking, net. No definition available.
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- Definition Stockbased compensation related party. No definition available.
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- Definition Amount of realized and unrealized gain (loss) from remeasurement of crypto asset, classified as operating and nonoperating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of realized gain from remeasurement of crypto asset, classified as operating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of unrealized gain (loss) from remeasurement of crypto asset, classified as operating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of impairment loss for indefinite-lived intangible asset. Excludes goodwill. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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