v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss from continuing operations $ (13,565) $ (21,628)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net unrealized loss on fair value equity holdings 2,537
Loss from equity method holdings 8,831 6,903
Unrealized gain from cost method holdings (583)
Gain on forward purchase agreement derivative (639)
Loss on disposal of fixed assets 5
Net realized gain on sale of equity holdings (1,056)
Depreciation and amortization 221 231
Deferred income taxes 96 (717)
Stock compensation expense 381 7,775
Changes in operating assets and liabilities:    
Other assets (1,040) (724)
Current income taxes (1,117) (74)
Accounts payable and accrued expenses (1,623) 5,048
Net cash used in operating activities from continuing operations (9,038) (1,700)
Net cash used in operating activities from discontinued operations (2,262) (3,051)
Net cash used in operating activities (11,300) (4,751)
Cash flows from investing activities:    
Proceeds from sales of equity securities 3,214
Proceeds from redemption of Saltire preferred shares 7,500
Proceeds from sales (purchases) of ETH digital assets 75,831 (171,720)
Purchases of equity securities (11,500) (887)
(Issuance) collection of note receivable, net (150) 3
Net cash provided by (used in) investing activities from continuing operations 64,181 (161,890)
Net cash provided by investing activities from discontinued operations 5,592
Net cash provided by (used in) investing activities 64,181 (156,298)
Cash flows from financing activities:    
Proceeds from Private Placement Offering, net of costs 168,085
Proceeds from sales under ATM Offering, net of costs 14,115
Payment of dividends on preferred shares (1,004) (1,342)
Distribution of cash to CVR Trust (17,957)
Net repayments on credit facility (83)
Purchases of common shares (22,767)
Purchases of Series A preferred shares (7,214)
Payment of withholding taxes in connection with vesting of RSUs (81) (314)
Principal payments on short-term debt (219)
Net cash (used in) provided by financing activities from continuing operations (31,149) 162,368
Net cash used in financing activities from discontinued operations (408)
Net cash (used in) provided by financing activities (31,149) 161,960
Effect of exchange rate changes on cash and cash equivalents from continuing operations (12) 22
Net increase (decrease) in cash and cash equivalents from continuing operations 23,982 (1,200)
Net (decrease) increase in cash and cash equivalents from discontinued operations (2,262) 2,133
Net increase in cash and cash equivalents 21,720 933
Cash and cash equivalents at beginning of period 13,395 6,562
Cash and cash equivalents at end of period $ 35,115 $ 7,495