v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies  
Schedule of change in the research and development incentive receivable

The following table shows the change in the research and development incentive receivable from January 1, 2025 to June 30, 2026 (in thousands):

Balance at January 1, 2025

  ​ ​ ​

$

704

Australian research and development incentives

 

(157)

Foreign currency translation

 

55

Balance at December 31, 2025

602

Foreign currency translation

41

Cash received for eligible expenses

(643)

Balance at June 30, 2026

$

Schedule of assets and liabilities carried at fair value in accordance with the hierarchy

A summary of the assets carried at fair value in accordance with the hierarchy defined above is as follows (in thousands):

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

June 30, 2026

Assets:

Cash equivalents

$

5,931

$

5,931

$

$

Digital assets receivable

129,387

129,387

Total assets

$

135,318

$

135,318

$

$

December 31, 2025

Assets:

Cash equivalents

$

10,777

$

10,777

$

$

Digital assets receivable

147,404

147,404

Total assets

$

158,181

$

158,181

$

$