v3.26.1
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Statement of Cash Flows [Abstract]    
Net (loss) income $ (79,165,000) $ 2,551,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 22,868,000 3,880,000
Stock-based compensation 7,268,000 406,000
Loss on sale of equipment 195,000
Loss on extinguishment of debt 1,351,000
Non-cash lease expense 8,006,000 1,270,000
Loss in fair value of digital asset receivable 3,000 96,000
Deferred tax liability 55,669,000
Amortization of debt discount 1,069,000
Non-cash interest expense 722,000 99,000
Interest accretion on financial obligation 1,919,000
Changes in operating assets and liabilities:    
Accounts receivable, net (12,726,000) (413,000)
Prepaid expenses (2,071,000) 494,000
Other current assets (274,000) (100,000)
Accounts payable (1,687,000) 566,000
Operating lease liabilities (3,264,000) (647,000)
Customer deposits 112,949,000 (292,000)
Credit card payable (92,000) 3,000
Accrued expenses and other current liabilities 1,704,000 498,000
Net cash provided by operating activities 114,249,000 8,606,000
Cash flows from investing activities    
Purchases of equipment (29,617,000) (2,898,000)
Operating lease prepayments (7,177,000)
Finance lease prepayments (2,821,000)
Purchase of intangible assets (68,000) (16,000)
Proceeds from sale of equipment 915,000
Net cash used in investing activities (39,683,000) (1,999,000)
Cash flows from financing activities    
Proceeds from Business Combination, net of transaction costs 114,076,000
Capital contributions 500,000
Proceeds from the exercise of warrants 43,440,000
Proceeds from Bridge Loan, net of discount 9,954,000
Repayment of Bridge Loan, net of discount (17,209,000)
Payments on finance lease liabilities (99,933,000) (5,485,000)
Repayment of related party loan (1,473,000)
Net cash provided by (used in) financing activities 48,855,000 (4,985,000)
Net change in cash and cash equivalents 123,421,000 1,622,000
Cash and cash equivalents at beginning of the period 9,747 335
Cash, cash equivalents and restricted cash at end of the period 133,168 1,957
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,769,000 564,000
Supplemental disclosure of cash, cash equivalents and restricted cash:    
Cash 120,166,000 1,957,000
Restricted cash 13,002,000
Total cash and restricted cash 133,168,000 1,957,000
Noncash investing and financing activity:    
Right-of-use assets obtained in exchange for new finance lease liabilities 268,324,000 36,935,000
Right-of-use assets obtained in exchange for new operating lease liabilities 113,425,000 9,135,000
Purchased fixed assets included in accounts payable 13,739,000
Operating lease prepayments included in accounts payable 1,645,000
Purchased intangible assets and other assets included in other financing obligations 74,387,000
Insurance premiums financed via finance arrangement $ 2,179,000