v3.26.3
Consolidated Statement of Operations - USD ($)
3 Months Ended 4 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Restructuring Cost and Reserve [Line Items]              
Revenue $ 31,138,000 $ 8,423,000   $ 42,094,000 $ 12,563,000    
Operating costs and expenses:              
Cost of revenue (excluding depreciation and amortization) 1,717,000 541,000   3,296,000 1,244,000    
General and administrative     $ 51,450        
Selling, general and administrative (excluding depreciation and amortization) 13,625,000 793,000   16,283,000 1,567,000    
Depreciation and amortization 18,145,000 2,509,000   22,868,000 3,880,000    
Colocation lease cost 10,555,000 1,562,000   15,222,000 2,372,000    
Total operating costs and expenses 44,042,000 5,405,000   57,669,000 9,063,000    
(Loss) income from operations (12,904,000) 3,018,000 (51,450) (15,575,000) 3,500,000    
Other (expense) income:              
Loss on sale of equipment   (195,000)    
Interest expense (5,051,000) (454,000)   (6,448,000) (663,000)    
Loss in fair value of digital asset receivable (35,000)   (3,000) (96,000)    
Loss on extinguishment of debt (1,351,000)   (1,351,000)    
Other income (expense), net 1,000   (47,000) 5,000    
Total other expenses, net (6,402,000) (488,000)   (7,849,000) (949,000)    
Net (loss) income before income taxes (19,306,000) 2,530,000   (23,424,000) 2,551,000    
Provision for income taxes (55,741,000) (55,741,000)    
Net (loss) income (75,047,000) 2,530,000 $ (51,450) (79,165,000) 2,551,000    
Basic:              
Weighted-average shares outstanding, basic     1        
Diluted:              
Weighted-average shares outstanding, diluted     1        
Basic:              
Net (loss) income per share, basic     $ (51,450.00)        
Diluted:              
Net (loss) income per share, diluted     $ (51,450.00)        
Common Class A [Member]              
Other (expense) income:              
Net loss attributable to Class A unit holders - basic (25,830,000)   (17,471,000)    
Net loss attributable to Class A unit holders - dilutive $ (75,047,000) $ 2,530,000   $ (79,165,000) $ 2,551,000    
Basic:              
Weighted-average shares outstanding, basic 15,499,251   8,363,328    
Diluted:              
Weighted-average shares outstanding, diluted 45,032,269 42,083,748   37,896,346 42,069,562    
Basic:              
Net (loss) income per share, basic $ (1.67)     $ (2.09)      
Diluted:              
Net (loss) income per share, diluted $ (1.67) $ 0.06   $ (2.09) $ 0.06    
Common Class B [Member]              
Other (expense) income:              
Net loss attributable to Class A unit holders - basic $ (49,217,000) $ 2,530,000   $ (61,694,000) $ 2,551,000    
Basic:              
Weighted-average shares outstanding, basic 29,533,018 29,533,018   29,533,018 29,533,018    
Basic:              
Net (loss) income per share, basic $ (1.67) $ 0.09   $ (2.09) $ 0.09    
Boost Run Holdings LLC [Member]              
Restructuring Cost and Reserve [Line Items]              
Revenue           $ 26,887,000 $ 7,935,000
Operating costs and expenses:              
Cost of revenue (excluding depreciation and amortization)           3,891,000 1,930,000
Selling, general and administrative (excluding depreciation and amortization)           18,269,000 1,745,000
Depreciation and amortization           10,536,000 2,534,000
Colocation lease cost           5,244,000 1,795,000
Total operating costs and expenses           37,940,000 8,004,000
(Loss) income from operations           (11,053,000) (69,000)
Other (expense) income:              
Loss on sale of equipment           (195,000) 54,000
Interest expense           (2,013,000) (206,000)
Loss in fair value of digital asset receivable           (70,000)
Loss in change in fair value of liability-classified warrants           (2,992,000)
Other income, net           49,000 9,000
Total other expenses, net           (5,221,000) (143,000)
Net (loss) income           (16,274,000) (212,000)
Net loss attributable to Class A unit holders - basic           (16,274,000) (212,000.00)
Net loss attributable to Class A unit holders - dilutive           $ (16,274,000) $ (212,000.00)
Basic:              
Weighted-average shares outstanding, basic           8,500 8,500
Diluted:              
Weighted-average shares outstanding, diluted           8,500 8,500
Basic:              
Net (loss) income per share, basic           $ (1,914.59) $ (24.94)
Diluted:              
Net (loss) income per share, diluted           $ (1,914.59) $ (24.94)