v3.26.1
SCHEDULE OF FINANCIAL INFORMATION INCLUDING SIGNIFICANT SEGMENT EXPENSES (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Revenue $ 2,817 $ 452 $ 5,328 $ 725
Cost of revenue, excluding depreciation 792 242 1,990 463
Bitcoin operating costs 122 164
Selling, general and administrative 2,191 1,179 4,457 2,524
Repairs and maintenance 119 114 199 200
Share-based compensation 303 81 556 208
Depreciation and amortization 284 334 537 594
Loss on disposal of operating assets (259)
Impairment of assets 2,613 3,740
Realized loss on digital assets 20 5,317
Unrealized gain on market valuation of digital assets     66,057 (80)
Accretion of interest on debentures 1,728 967 3,546 1,938
Foreign exchange gain (loss) (5) 20 (5) 77
Gain on conversion of convertible debt (87)
Loss on debt extinguishment 21 4,616 21 4,731
Other (expense) income 3 (68) 10 (61)
Net loss from discontinued operations (240) (497)
Total operating expenses and other expenses (income) (1,747) (5,535) (3,572) (3,621)
Net income (loss) (35,129) (8,061) (81,520) (8,206)
Operating Segments [Member]        
Segment Reporting [Line Items]        
Revenue 2,817 452 5,328 725
Cost of revenue, excluding depreciation 792 242 1,990 463
Bitcoin operating costs 122   164  
Selling, general and administrative 2,191 1,179 4,457 2,524
Repairs and maintenance 119 114 199 200
Share-based compensation 303 81 556 208
Depreciation and amortization 284 334 537 594
Loss on disposal of operating assets     259  
Impairment of assets 2,613   3,740  
Realized loss on digital assets 20   5,317  
Unrealized gain on market valuation of digital assets 29,755 (116) 66,057 (80)
Accretion of interest on debentures 1,728 967 3,546 1,938
Change in fair value of derivative liabilities       (2,977)
Foreign exchange gain (loss) (5) 20 (5) 77
Gain on conversion of convertible debt       (87)
Loss on debt extinguishment 21 4,616 21 4,731
Other (expense) income 3 (68) 10 (61)
Net loss from discontinued operations   1,144   1,401
Total operating expenses and other expenses (income) 37,946 8,513 86,848 8,931
Net income (loss) (35,129) (8,061) (81,520) (8,206)
Operating Segments [Member] | Avalance Protocol [Member]        
Segment Reporting [Line Items]        
Revenue 2,139 4,066
Cost of revenue, excluding depreciation 490 1,122
Bitcoin operating costs    
Selling, general and administrative 28 64
Repairs and maintenance
Share-based compensation
Depreciation and amortization
Loss on disposal of operating assets      
Impairment of assets 2,613   3,740  
Realized loss on digital assets 20   5,317  
Unrealized gain on market valuation of digital assets 29,421 65,414
Accretion of interest on debentures
Change in fair value of derivative liabilities      
Foreign exchange gain (loss)
Gain on conversion of convertible debt      
Loss on debt extinguishment
Other (expense) income
Net loss from discontinued operations    
Total operating expenses and other expenses (income) 32,572 75,657
Net income (loss) (30,433) (71,591)
Operating Segments [Member] | Bitcoin Mining [Member]        
Segment Reporting [Line Items]        
Revenue 678 452 1,262 725
Cost of revenue, excluding depreciation 302 242 868 463
Bitcoin operating costs 122   164  
Selling, general and administrative 3 (8) 5 28
Repairs and maintenance 119 114 199 200
Share-based compensation
Depreciation and amortization 284 164 537 285
Loss on disposal of operating assets     259  
Impairment of assets    
Realized loss on digital assets    
Unrealized gain on market valuation of digital assets 334 (116) 643 (80)
Accretion of interest on debentures
Change in fair value of derivative liabilities      
Foreign exchange gain (loss)
Gain on conversion of convertible debt      
Loss on debt extinguishment
Other (expense) income
Net loss from discontinued operations    
Total operating expenses and other expenses (income) 1,164 396 2,675 896
Net income (loss) (486) 56 (1,413) (171)
Operating Segments [Member] | Corporate Segment [Member]        
Segment Reporting [Line Items]        
Revenue
Cost of revenue, excluding depreciation
Bitcoin operating costs    
Selling, general and administrative 2,160 1,187 4,388 2,496
Repairs and maintenance
Share-based compensation 303 81 556 208
Depreciation and amortization 170 309
Loss on disposal of operating assets      
Impairment of assets    
Realized loss on digital assets    
Unrealized gain on market valuation of digital assets
Accretion of interest on debentures 1,728 967 3,546 1,938
Change in fair value of derivative liabilities       (2,977)
Foreign exchange gain (loss) (5) 20 (5) 77
Gain on conversion of convertible debt       (87)
Loss on debt extinguishment 21 4,616 21 4,731
Other (expense) income 3 (68) 10 (61)
Net loss from discontinued operations   1,144   1,401
Total operating expenses and other expenses (income) 4,210 8,117 8,516 8,035
Net income (loss) $ (4,210) $ (8,117) $ (8,516) $ (8,035)