v3.26.1
Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 22,220 $ 27,761
Digital assets 97,323 149,289
Digital asset collateral receivable 3,146 24,075
Accounts receivable, net 6,766 12,326
Prepayments 16,267 26,042
Inventory 145
Financial assets held for trading 1,290 521
Other current assets, net 6,847 9,358
Total current assets 222,715 324,536
Non-current assets:    
Property and equipment, net 18,195 20,672
Goodwill 4,235 4,235
Deferred tax assets, net 12,310 7,524
Operating lease right of use assets, net 315 436
Long term investment 570 177
Total non-current assets 35,625 33,044
Total assets 258,340 357,580
Current liabilities:    
Accounts payables 2,484 4,659
Contract liabilities 30,981 50,573
Long-term loan – current portion 2,000 15,000
Accrued expenses and other payables 14,117 16,060
Obligation to return collateral digital assets 6 3,349
Taxes payable 349 1,792
Operating lease liabilities, current 257 251
Total current liabilities 52,834 98,487
Non-current liabilities:    
Long-term loans 3,400
Long-term payable 93,364 94,364
Deferred tax liabilities, net 14,307 14,928
Operating lease liabilities, non-current 65 197
Total non-current liabilities 111,136 109,489
Total liabilities 163,970 207,976
Commitments and contingencies (Note 19)
Shareholders’ equity:    
Ordinary shares* ($0.0001 par value; 500,000,000 shares authorized; 166,696,634 and 166,613,948 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) [1] 17 17
Additional paid-in capital 98,405 97,166
Non-controlling interest 4,548 5,503
(Accumulated losses)/retained earnings (8,600) 46,918
Total shareholders’ equity 94,370 149,604
Total liabilities and shareholders’ equity 258,340 357,580
Related Party    
Current assets:    
Amount due from related parties 68,856 75,019
Current liabilities:    
Amount due to a related party $ 2,640 $ 6,803
[1] The share and per share data has been retroactively restated to reflect the current capital structure of the Company.