| Schedule of Financial Assets and Liabilities |
The Company’s significant financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | | | Fair Value | | (in thousands) | Carrying Value | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | | Digital assets, at fair value | $ | 117,727 | | | $ | 23,129 | | | $ | 94,598 | | | $ | — | | | $ | 117,727 | | | Digital assets pledged as collateral | 225,933 | | | 45,446 | | | 180,487 | | | — | | | 225,933 | | Stablecoins(a) | 9,597 | | | 9,597 | | | — | | | — | | | 9,597 | | | | | | | | | | | | Marketable securities(b) | 631 | | | 631 | | | — | | | — | | | 631 | | | | | | | | | | | | | | | | | | | | | | | Total assets | $ | 353,888 | | | $ | 78,803 | | | $ | 275,085 | | | $ | — | | | $ | 353,888 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Digital asset financing arrangements | $ | 225,933 | | | $ | 225,933 | | | $ | — | | | $ | — | | | $ | 225,933 | | | | | | | | | | | | | Total liabilities | $ | 225,933 | | | $ | 225,933 | | | $ | — | | | $ | — | | | $ | 225,933 | | | (a) Amounts are included within Other current assets as stated on our Condensed Consolidated Balance Sheets. | | (b) Amounts are included within Investments as stated on our Condensed Consolidated Balance Sheets. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | Fair Value | | (in thousands) | Carrying Value | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | | Digital assets, at fair value | $ | 136,000 | | | $ | 30,156 | | | $ | 105,844 | | | $ | — | | | $ | 136,000 | | | Digital assets pledged as collateral | 103,943 | | | 56,968 | | | 46,975 | | | — | | | 103,943 | | Stablecoins(a) | 522 | | | 522 | | | — | | | — | | | 522 | | Debt securities(b) | 841 | | | 841 | | | — | | | — | | | 841 | | Marketable securities(b) | 698 | | | 698 | | | — | | | — | | | 698 | | | Total | $ | 242,004 | | | $ | 89,185 | | | $ | 152,819 | | | $ | — | | | $ | 242,004 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Digital asset financing arrangements | $ | 67,521 | | | $ | 67,521 | | | $ | — | | | $ | — | | | $ | 67,521 | | Accrued crypto loan borrowing fees(c) | 256 | | | 256 | | | — | | | — | | | 256 | | | Total | $ | 67,777 | | | $ | 67,777 | | | $ | — | | | $ | — | | | $ | 67,777 | | | (a) Amounts are included within Other current assets as stated on our Condensed Consolidated Balance Sheets. | | (b) Amounts are included within Investments as stated on our Condensed Consolidated Balance Sheets. | | (c) Amounts are included within Accounts payable and accrued expenses as stated on our Condensed Consolidated Balance Sheets. |
|