v3.26.1
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Business Combination [Line Items]            
Revenue $ 25,451       $ 26,579  
Pre-tax net loss (132,997) $ (238,776) $ (2,414) $ (1,038) (371,773) $ (3,452)
BTC Inc [Member]            
Business Combination [Line Items]            
Revenue [1] 25,142       25,975  
Pre-tax net loss [1],[2] (75,551)       (78,311)  
UTXO Management GP LLC [Member]            
Business Combination [Line Items]            
Revenue 466       675  
Pre-tax net loss [3],[4] $ (25,628)       $ (26,081)  
[1] Includes $0.4 million of intercompany revenue that is eliminated on a consolidated Nakamoto basis.
[2] Pre-tax net loss includes an $80.6 million goodwill impairment charge (see Note 6 — Intangible Assets and Goodwill).
[3] Includes $0.1 million of intercompany operating expense that is eliminated on a consolidated Nakamoto basis.
[4] Pre-tax net loss includes a $24.6 million goodwill impairment charge (see Note 6 — Intangible Assets and Goodwill).