v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss from continuing operations $ (60,796) $ (1,956)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 10,520 4,046
Impairment of property and equipment 49,227
Share-based compensation 148 333
Changes in operating assets and liabilities:    
Cryptocurrencies -mining, net of mining pool operating fees (4,108)
Prepayments and other current assets, net (703) (5,600)
Other current payables 206 212
Taxes payable 5
Net cash used in continuing operating activities (1,398) (7,068)
Net cash provided by discontinued operating activities 622
Net cash used in operating activities (1,398) (6,446)
Cash flows from investing activity:    
Net cash provided by discontinued investing activity 261
Net cash provided by investing activity 261
Cash flows from financing activities:    
Proceeds of borrowings from related parties 200
Proceeds from issuance of ordinary shares through private offerings 7,000
Proceeds from third party loan 500
Net cash provided by continuing financing activities 500 7,200
Net cash provided by financing activities 500 7,200
Effect of exchange rate changes (918)
Net change in cash, cash equivalents and restricted cash (898) 97
Cash, cash equivalents and restricted cash - beginning of period 999 113
Cash, cash equivalents and restricted cash - end of period 101 210
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of period 76
Total cash, cash equivalents and restricted cash of continuing operations at end of period 101 134
Supplemental non-cash information:    
Exchange BTC to USDT 21,555 12,764
Miners purchased with cryptocurrencies and balances offset 6,319
Prepayment of development fees with cryptocurrencies 3,240
The following table provides a reconciliation of cash and restricted cash reported within the statement of financial position that sum to the total of the same amounts shown in the statement of cash flows:    
Cash and cash equivalents 99 208
Restricted cash 2 2
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 101 $ 210