v3.26.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured on Recurring Basis at Fair Value

Financial instruments measured, on a recurring basis, at fair value in accordance with the guidance promulgated by the FASB as of September 30, 2026 and December 31, 2025 are as follows (in thousands):

 

As of September 30, 2026  Level 1   Level 2   Level 3   Total 
Forward Purchase Agreement derivative asset  $–    –   $643    643 
Financial instrument fair value  $–   $–   $643   $643 

 

As of December 31, 2025  Level 1   Level 2   Level 3   Total 
ETH digital assets  $119,384   $–   $–   $119,384 
Financial instrument fair value  $119,384   $–   $–   $119,384 
Schedule of Fair Value Hierarchy of Roll-forward of Assets

A rollforward of the assets classified within Level 3 of the fair value hierarchy for the nine months ended September 30, 2026 is as follows (in thousands):

      
Balance as of December 31, 2025  $- 
Addition related to Forward Purchase Agreement derivative asset   705 
Proceeds from settlements   (235)
Unrealized gain   173 
Balance as of September 30, 2026  $643