v3.26.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss from continuing operations $ (13,346) $ (4,191)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net unrealized loss on fair value equity holdings 453 1,295
(Gain) loss from equity method holdings 9,306 (471)
Unrealized gain from cost method holdings (583)
Loss on disposal of fixed assets 5
Gain on forward purchase agreement derivative (705)
Net realized gain on sale of equity holdings (478)
Depreciation and amortization 148 157
Deferred income taxes 186 (8)
Stock compensation expense 352 425
Changes in operating assets and liabilities:    
Other assets (622) 122
Current income taxes (1,010) (148)
Accounts payable and accrued expenses (3,480) 5,296
Net cash (used in) provided by operating activities from continuing operations (9,301) 2,004
Net cash used in operating activities from discontinued operations (1,471) (6,380)
Net cash used in operating activities (10,772) (4,376)
Cash flows from investing activities:    
Proceeds from sales of equity securities 3,615
Proceeds from sales of ETH digital assets 60,956
Purchases of equity securities (15,688) (262)
(Issuance) collection of note receivable, net (150) 114
Net cash provided by investing activities from continuing operations 45,118 3,467
Net cash provided by investing activities from discontinued operations 6,269
Net cash provided by investing activities 45,118 9,736
Cash flows from financing activities:    
Payment of dividends on preferred shares (695) (895)
Net repayments on credit facility (56) (55)
Purchases of common shares (15,297)
Purchases of Series A preferred shares (6,717)
Payment of withholding taxes in connection with vesting of RSUs (40) (315)
Principal payments on short-term debt (137)
Net cash used in financing activities from continuing operations (22,805) (1,402)
Net cash used in financing activities from discontinued operations (287)
Net cash used in financing activities (22,805) (1,689)
Effect of exchange rate changes on cash and cash equivalents from continuing operations (13) 9
Net increase in cash and cash equivalents from continuing operations 12,999 4,078
Net decrease in cash and cash equivalents from discontinued operations (1,471) (398)
Net increase in cash and cash equivalents 11,528 3,680
Cash and cash equivalents at beginning of period 13,395 6,562
Cash and cash equivalents at end of period $ 24,923 $ 10,242