NOTE 13 – SUBSEQUENT EVENTS

The Company has evaluated events that have occurred after the balance sheet date and through the date the condensed consolidated financial statements were issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements, except as disclosed below.

Repayment of Coinbase Loan and Sales of Bitcoin

Subsequent to June 30, 2026, the Company repaid the outstanding principal and interest balance under its $20.0 million loan agreement with Coinbase. In accordance with the terms of the loan agreement, the repayment resulted in the automatic release of 565 BTC from the collateral account. The Company sold an aggregate of 333 BTC for total proceeds of approximately $21.5 million, at an average price of approximately $64,467 per BTC, of which the Company used proceeds of approximately $20.0 million to fund the principal repayment.

Digital Asset Mining Services Agreement Termination

Effective July 31, 2026, the Company terminated its remaining digital asset mining services agreement (originally expiring October 2027), relieving the Company of a future commitment of $2.1 million, in exchange for an early termination fee of $0.15 million.