v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 5,518 $ 1,894
Short-term interest-bearing deposits 3,861
Prepaid expenses and other receivables 3,420 4,361
Digital assets, at fair value 107,328 24,273
Digital assets purchase option 3,634,737 1,708,789
Total Current Assets 3,751,003 1,743,178
Non-Current Assets    
Property and equipment, net 249 361
Digital assets, at fair value 1,146,808 582,508
Other assets 1,906 951
Total Non-Current Assets 1,148,963 583,820
TOTAL ASSETS 4,899,966 2,326,998
Current Liabilities    
Convertible debt, net 16,877
Accounts payable trade 1,694 3,808
Accrued expenses and other liabilities 12,720 5,213
Derivative liability 128
Total Current Liabilities 31,419 9,021
Non-Current Liabilities    
Deferred tax liability 969,937 382,646
Lease liabilities 371 383
Total Non-Current Liabilities 970,308 383,029
Commitments and Contingent Liabilities
TOTAL LIABILITIES 1,001,727 392,050
SHAREHOLDERS’ EQUITY    
Ordinary shares of NIS 6.00 par value: Authorized: 158,333,333 and 83,333,333 shares as of June 30, 2026 and December 31, 2025, respectively; Issued and outstanding: 16,832,017 and 15,825,434 as of June 30, 2026 and December 31, 2025, respectively; 30,703 28,730
Additional paid in capital 808,967 796,696
Accumulated other comprehensive income 1,101 1,101
Retained earnings 3,057,468 1,108,421
TOTAL SHAREHOLDERS’ EQUITY 3,898,239 1,934,948
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,899,966 $ 2,326,998