v3.26.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 2,446,439 $ 2,775,767 $ 4,593,816 $ 4,464,702
Cost of revenues        
Total cost of revenues 952,273 2,853,133 2,085,338 4,421,792
Gross profit 1,494,166 (77,366) 2,508,478 42,910
Operating expenses:        
Professional fees 384,825 291,425 677,939 573,184
General and administrative 327,280 368,220 572,877 644,849
Research and development 82,056 193,543 162,499 402,794
Compensation and related expenses 2,392,032 793,400 5,186,763 1,481,602
Marketing 57,767 22,861 85,611 268,033
Impairment loss on intangible digital assets 5,241,573 5,451,494
Realized losses on digital asset transactions 4,890,916 2,777,620 34,184,862 4,159,908
Unrealized loss (gain) on digital assets 21,419,814 (8,793,161) 57,104,990 5,737,661
Total operating expenses 34,796,263 (4,346,092) 103,427,035 13,268,031
Other income (expenses):        
Interest expense (1,601,133) (221,894) (3,148,992) (221,894)
Change in fair value of warrant liabilities (165,300) 59,850
Total other income (expenses) (1,601,133) (387,194) (3,148,992) (162,044)
Net income (loss) $ (34,903,230) $ 3,881,532 $ (104,067,549) $ (13,387,165)
Basic net income (loss) per share attributable to common stockholders $ (0.70) $ 0.18 $ (2.12) $ (0.65)
Diluted net income (loss) per share attributable to common stockholders $ (0.70) $ 0.14 $ (2.12) $ (0.65)
Basic weighted average number of common shares outstanding 49,775,712 21,259,682 49,006,266 20,616,935
Diluted weighted average number of common shares outstanding, basic and diluted 49,775,712 27,938,660 49,006,266 20,616,935
Blockchain Infrastructure Revenues [Member]        
Revenues        
Total revenues $ 944,649 $ 2,772,198 $ 2,080,000 $ 4,461,133
Cost of revenues        
Total cost of revenues 943,198 2,853,133 2,067,188 4,421,792
DeFi Revenues [Member]        
Revenues        
Total revenues 1,501,790 3,569 2,513,816 3,569
Cost of revenues        
Total cost of revenues $ 9,075 $ 18,150