DIGITAL ASSETS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Asset, Goodwill and Other [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DIGITAL ASSETS | NOTE 4 — DIGITAL ASSETS
Digital assets consisted of the following on June 30, 2026 (in thousands, except for digital asset units):
As of June 30, 2026, 3,805 of our 4,467 Bitcoin were pledged as collateral in connection with an outstanding loan with a third-party lender (see Note 7 — Debt). The pledged Bitcoin cannot be rehypothecated, loaned, or sold by the lender under the terms of the collateral arrangement. The remaining Bitcoin is primarily held with a third-party custodian. All of the Bitcoin is considered under our control.
The fair value of the pledged Bitcoin subject to this contractual sale restriction was approximately $222.7 million. The restriction remains in effect through the partial maturity of the loan on December 4, 2026, and a portion is restricted through the remaining maturity of the loan on June 30, 2027. The restriction would lapse upon full repayment of the outstanding balance.
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