v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 7,624 $ 14,035
Digital assets receivable 129,387 147,404
Research and development incentive receivable 0 602
Prepaid expenses and other current assets 539 40
Total current assets 137,550 162,081
Right of use assets, net 38 38
Deferred costs 348 401
Deposits 33 662
Other investment 5,000  
Total assets 142,969 163,182
Current liabilities:    
Accounts payable 588 1,981
Accrued expenses 1,014 2,067
Income tax payable 97 472
Lease liability 38 38
Total current liabilities 1,737 4,558
Non-current liabilities:    
Deferred tax liability 1,913 5,118
Total liabilities 3,650 9,676
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.001 par value; 490,000,000 shares authorized; 107,764,382 and 83,851,051 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 108 84
Stock subscription receivable   (150)
Additional paid-in capital 639,618 616,216
Accumulated other comprehensive loss (81) (95)
Accumulated deficit (500,326) (462,549)
Total stockholders' equity 139,319 153,506
Total liabilities and stockholders' equity $ 142,969 $ 163,182