v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 1,949,047 $ (5,320)
Income and Expenses Not Involving Cash Flows [Abstract]    
Depreciation 121 175
Unrealized (income) on digital assets (617,152)
Income from changes in fair value of digital assets purchase option (1,943,680)
Change in fair value of derivative liability (16)
Convertible debt interest 1,442
Capital (gain) loss on sale of property and equipment 1
(Income) on bank deposits (128) (1,131)
Loss on assets and liabilities classified as held for sale 29
Non-cash operating lease expenses 123 134
Share-based compensation 6,740 588
Deferred taxes 587,292
Changes in operating assets and liability items:    
Increase in prepaid expenses and other receivables 33 153
Decrease in accounts payable trade (2,114) (269)
Increase (decrease) in accrued expenses and other liabilities 7,468 (89)
Operating lease liabilities (111) (93)
Net cash used in operating activities (10,935) (5,822)
Cash flows from investing activities    
Purchase of property and equipment (9) (39)
Proceeds from sale of property and equipment 1
Proceeds from sale of assets held for sale 579
Investment in short-term interest-bearing bank deposits (16,881)
Release of short-term interest-bearing bank deposits 3,989 20,582
Purchase of digital assets (12,471)
Net cash (used in) provided by investing activities (8,491) 4,242
Cash flows from financing activities    
Gross proceeds 17,930
Proceeds from issuance of shares, net 5,154 197
Net cash provided by financing activities 23,084 197
Increase (decrease) in cash, cash equivalents and restricted cash 3,658 (1,383)
Cash, cash equivalents and restricted cash - beginning of period 2,373 3,731
Cash, cash equivalents and restricted cash - end of period 2,348
Non-cash investing and financing transactions:    
Issuance of shares upon conversion of a convertible debt 2,333
Supplemental disclosures of cash flow information:    
Cash paid for taxes
Cash received for interest, net $ 68 $ 720