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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Cash flows from operating activities    
Net loss $ (5,204,095) $ (974)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock based compensation 677 471
Depreciation expense 124 131
Impairment of property and equipment 200
Amortization of note discount 8
Unrealized loss on digital assets held 5,247,925
Unrealized gain from trading securities (15,890)
Change in fair value of warrant liabilities (167,593)
Noncash staking revenue (980)
Changes in operating assets and liabilities    
Digital assets 371 (50)
Other receivables (231) 62
Prepaid expenses (621) 641
Accrued liabilities 4,329 319
Deferred tax liability (92,295)
Contract liabilities (277) (704)
Net cash used in operating activities (228,356) (96)
Cash flows from investing activities    
Purchase of digital assets (7,402,573)
Purchase of equity securities (20,000)
Proceeds from sale of property and equipment 510
Purchase of property and equipment (376) (18)
Net cash used in investing activities (7,422,439) (18)
Cash flows from financing activities:    
Proceeds from Series A preferred stock 25
Proceeds from Series B preferred stock 200
Loan repayment (63)
Proceeds from exercise of warrants 343
Proceeds from issuance of liability-classified warrants, net of issuance costs 361,751
Proceeds from private placements and prefunded warrants, net of issuance costs
Proceeds from ATM, net of issuance costs 7,664,380
Proceeds from related party loan 250
Net cash provided by financing activities 8,026,474 412
Net increase in cash and cash equivalents 375,679 298
Cash and cash equivalents at beginning of period 511,999 499
Cash and cash equivalents at end of period 887,678 797
Supplemental disclosure of non-cash investing and financing activity    
Securities purchased but not yet settled 125,000
Payment of liabilities in shares 1,887
Purchase of equipment for loan payable 1,035
Deemed dividend on Series A Convertible Preferred Stock $ 2,961