v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]    
Revenues $ 247
Cost of revenue 1,792
Gross loss (1,545)
Research and development, net 896 2,352
Sales and marketing 45 998
General and administrative 15,612 1,950
Unrealized loss on digital assets 30,328 [1]
Operating loss (46,881) (6,845)
Finance income (expenses), net 26 (200)
Net loss $ (46,855) $ (7,045)
Net loss per ordinary share attributable to shareholders basic $ (4.93) $ (12.2)
Net loss per ordinary share attributable to shareholders diluted $ (4.93) $ (12.2)
Weighted average ordinary shares outstanding basic 9,498 577
Weighted average ordinary shares outstanding diluted 9,498 577
[1] Other segment items for the Flywheel Business are primarily related to cost of revenue, payroll and other costs supporting the Company’s research and development activity, patents and certain expenses that are not easily allocatable to specific functions.