Right-of-Use Assets and Lease Liabilities

6 Months Ended

Jun. 30, 2026

Right-of-Use Assets and Lease Liabilities [Abstract]

Right-of-Use Assets and Lease Liabilities

10. Right-of-Use Assets and Lease Liabilities

The Company leases several facilities, data centers and equipment under non-cancelable operating leases. These leases have original lease periods expiring between 2026 and 2030. The lease agreements generally do not contain any material residual value guarantees or material restrictive covenants.

	As of June 30, 2026					As of December 31, 2025
			Accumulated					Accumulated
	Cost		Amortization			Cost		Amortization
Right-of-use assets	$	148,150,320	$	(5,341,113	)	$	5,229,708	$	(3,361,250	)
Net carrying value			$	142,809,207				$	1,868,458

Operating lease costs for the three months ended June 30, 2026 and 2025 was $2,021,407 and $308,999, respectively. Operating lease costs for the six months ended June 30, 2026 and 2025 was $2,407,713 and $549,603, respectively. These costs are included in general and administrative expenses in the condensed consolidated interim statements of operations.

Supplemental balance sheet information related to the operating lease liabilities is as follows:

As of

June 30,
2026

As of

December 31,
2025

Weighted-average remaining lease term

2.06 years

1.59 years

Weighted-average incremental borrowing rate

6.14

11.59

The following shows the future minimum lease payments for the remaining years under the lease arrangement as of June 30, 2026:

Remainder of 2026	$	23,651,791
2027		47,147,291
2028		47,110,643
2029		29,540,728
2030		10,044,667
		157,495,120
Less: imputed interest*		(14,531,398	)
		142,963,722

Current portion	$	39,992,862
Long-term portion	$	102,970,860

Imputed interest represents the difference between undiscounted cash flows and cash flows