v3.26.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss for the period $ (111,205,555) $ (32,875,123)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 20,267,766 6,894,869
Share-based compensation 12,364,333 14,064,097
Provision for credit losses 957,371
Net trade and barter revenue and expense (1,538,931) 2,881,127
Non-cash lease expense 3,657,467 549,603
Change in fair value of warrants (1,327,928) (15,442,843)
Change in fair value of contingent consideration 486,376
Change in fair value of digital assets 6,501,092 (3,493,025)
Change in fair value of derivative (283,991) (9,700,000)
Loss on disposal of property and equipment 6,627
Loss on lease termination 925
Unrealized foreign exchange losses 5,669,758
Changes in operating assets and liabilities:    
Accounts receivable (15,286,870) (3,063,864)
Prepaid expenses and other 5,531,116 6,565,724
Accounts payable and accrued liabilities 12,469,990 2,279,372
Deferred revenue (1,750,016) 1,446,896
Income tax receivable (1,822,222)
Deferred tax liability 166,096
Operating lease liabilities (1,001,232) (490,522)
Net cash used in operating activities (66,145,380) (30,376,137)
Investing activities    
Purchase of property and equipment (43,193,463) (362,727)
Purchase of intangible assets (2,816,714) (1,289,278)
Purchase of digital assets (19,100,000)
Acquisition of Northern Data AG, net of cash acquired 51,036,335
Net cash provided by (used in) investing activities 5,026,158 (20,752,005)
Financing activities    
Proceeds from the issuance of pre-funded warrants in connection with equity commitment agreement 36,242,537
Taxes paid from net share settlement for share-based compensation (1,522,260) (1,744,613)
Proceeds from exercise of warrants and stock options 2,769,185 1,964,610
Proceeds from issuance of Class A Common Stock under ESPP 81,064 129,374
Proceeds from issuance of Class A Common Stock 775,000,000
Repurchase of Class A Common Stock (525,000,000)
Share issuance costs (11,504,125) (29,429,791)
Net cash provided by financing activities 26,066,401 220,919,580
Effect of exchange rates on cash and cash equivalents 402,881
(Decrease) increase in cash and cash equivalents during the period (34,649,940) 169,791,438
Cash and cash equivalents, beginning of period 237,919,453 114,018,900
Cash and cash equivalents, end of period 203,269,513 283,810,338
Supplemental cash flow information:    
Cash paid for income taxes 1,399,920 33,755
Cash paid for interest
Cash paid for lease liabilities 935,515 449,945
Non-cash investing and financing activities:    
Non-cash consideration related to the acquisition of Northern Data AG 1,515,556,856
Property and equipment in accounts payable and accrued liabilities 1,311,854 197,449
Recognition of operating right-of-use assets in exchange of operating lease liabilities, net of derecognition of terminated leases 22,929 949,534
Share-based compensation capitalized related to intangible assets $ 257,143 $ 227,848