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v3.26.1

Fair Value Measurements - Schedule of Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2026 | Dec. 31, 2025
--- | --- | ---
Assets: |  |  |
Cash and cash equivalents |  | $ 65,905 | $ 8,018
Prepaid expenses and other current assets | [1] | 1,634 |
Marketable securities |  | 31,771 |
Digital Assets |  | 28,307 |
Total assets |  | 127,617 |
Level 1 [Member] |  |  |
Assets: |  |  |
Cash and cash equivalents |  | 65,905 |
Prepaid expenses and other current assets | [1] | 1,634 |
Marketable securities |  | 31,771 |
Digital Assets |  | 28,307 |
Total assets |  | 127,617 |
Level 2 [Member] |  |  |
Assets: |  |  |
Cash and cash equivalents |  |  |
Prepaid expenses and other current assets | [1] |  |
Marketable securities |  |  |
Digital Assets |  |  |
Total assets |  |  |
Level 3 [Member] |  |  |
Assets: |  |  |
Cash and cash equivalents |  |  |
Prepaid expenses and other current assets | [1] |  |
Marketable securities |  |  |
Digital Assets |  |  |
Total assets |  |  |
[1] | Represents cash collateral paid to counterparty and open derivative positions including call and put options on ETH.

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