Digital Assets Holdings (Tables)

6 Months Ended

Jun. 30, 2026

Digital Assets Holdings [Abstract]

Schedule of Digital Assets Holdings

The following table presents the Company’s significant digital assets holdings as of June 30, 2026:

		Quantity				Cost Basis				Fair Value
BTC			21.5			$	1,587			$	1,250
ETH			75,757.5				267,526				118,899
Total digital assets held as of June 30, 2026						$	269,113			$	120,149

Schedule of Based on the Fair Value Model

The following table presents a roll-forward of BTC for the six months ended June 30, 2026, based on the fair value model under ASU 2023-08:

		Fair value
BTC fair value as of December 31, 2025		$	350
Receipt of BTC from mining services			6,076
Sales of BTC in exchange of cash			(3,353	)
Sales of BTC in exchange of USDC			(885	)
Payment of BTC for service charges from mining facilities			(363	)
Payment of BTC for other expenses			(2	)
Change in fair value of BTC			(573	)
BTC fair value as of June 30, 2026		$	1,250

The following table presents a roll-forward of ETH for the six months ended June 30, 2026, based on the fair value model under ASU 2023-08:

		Fair value
ETH fair value as of December 31, 2025		$	415,384
Receipt of ETH from native staking business			3,200
Receipt of ETH from exchange of cash			20,000
Sales of ETH in exchange of LsETH			(167,928	)
Sales of ETH in exchange of cash			(2,419	)
Change in fair value of ETH			(149,338	)
ETH fair value as of June 30, 2026		$	118,899

The following table presents a roll-forward of our LsETH holdings for the six months ended June 30, 2026, based on the cost less impairment model in accordance with ASC 350-30.

		Carrying Value
LsETH cost as of December 31, 2025		$	-
Receipt of LsETH in exchange of ETH			167,927
Receipt of LsETH from collateral receivable			11,778
Transfer from LsETH to collateral receivable			(117,394	)
Gain from exchange of LsETH			11,324
Impairment loss			(46,035	)
LsETH carrying value as of June 30, 2026		$	27,600

Schedule of Losses from the Sales of ETH

ETH is sold on a FIFO basis. For the six months ended June 30, 2026, losses from the sales of ETH are included in change in fair value of ETH which is included in the consolidated statements of operations under the caption “Losses on digital assets”.

Digital Intangible Assets

The following table presents the Company’s digital intangible assets holdings as of June 30, 2026.

		Quantity				Cost				Impairment				Carrying Value
LsETH			17,192			$	43,758			$	(16,158	)		$	27,600
Total digital intangible assets held as of June 30, 2026						$	43,758			$	(16,158	)		$	27,600