v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (109,520,033) $ 5,488,141
Less: Loss from discontinued operations (2,281,513)
Income (loss) from continuing operations (109,520,033) 7,769,654
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 45,333 110,206
Stock-based compensation 4,430,463 332,492
Accretion of debt discount 708,390
Inventory reserve adjustment 284,228
Fair market value adjustment for warrants (47,919) (11,087,700)
Non-cash operating lease right of use assets 57,117
Amortization of related party prepaid 5,000,000
Digital commodities received as staking revenues, net (5,457,656)
Validator operating fees 31,491
Realized loss on digital commodities 14,716,799
Unrealized loss on digital commodities 84,336,553
Changes in operating assets:    
Accounts receivable - trade (192,780) 31,475
Prepaid expenses and other (507,337) (184,427)
Operating lease right of use liabilities (40,439)
Inventory 187,559 408,087
Other assets (202,846) (1)
Accounts payable and accrued liabilities 1,207,098 (365,115)
Net cash used in operating activities (5,672,369) (2,276,939)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of and deposits paid for fixed assets (11,938)
Sale of digital commodities 12,469,465
Net cash provided by investing activities 12,457,527
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds (repayment) from offerings and warrant exercises (391) 18,175,043
Share repurchase program (2,011,573)
Repayment of debt financing (4,222,012)
Repayment of margin loan (3,084,931)
Net cash provided by (used in) financing activities (5,096,895) 13,953,031
NET INCREASE IN CASH - CONTINUING OPERATIONS 1,688,263 11,676,091
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Net cash used in operating activities - discontinued operations (2,258,183)
Net cash used in investing activities - discontinued operations (1,959,758)
NET DECREASE IN CASH - DISCONTINUED OPERATIONS (4,217,940)
CASH — BEGINNING OF PERIOD 10,382,745 864,041
CASH — END OF PERIOD 12,071,008 8,322,192
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Right of use assets obtained in exchange for lease liabilities 343,123
OID interest $ 875,000