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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net loss from continuing operations $ (77,534) $ (1,961)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 104 578
Depreciation and amortization 473
Amortization of loan premiums 2
Change in fair value of long term receivable derivative 48,637
Digital asset gains and losses 6,342
Change in fair value of available for sale securities (46)
Change in fair value of derivative liability 11,010
Non-cash staking and incentive revenue 460
Loss on make whole provision 3,885
Changes in operating assets and liabilities:    
Accounts receivable (375)
Prepaid expenses and other current assets (12,308) 220
Right of use asset – operating lease 72
Accounts payable (2,007) (23)
Accounts payable - related parties (3) 30
Accrued expenses 1,013 263
Total adjustments 57,259 1,068
Net cash used in operating activities from continuing operations (20,275) (893)
Net cash provided by (used in) operating activities from discontinued operations (175) 6
Net cash used in operating activities (20,450) (887)
Cash Flows from Investing Activities    
Purchases of marketable securities (27,313)
Purchases of digital assets (757)
Sale of cryptocurrency 128,096
Purchase of loans receivable (11,455)
Repayment of loans receivable 60
Purchase of property and equipment (16,813)
Net cash provided by investing activities from continuing operations 71,818
Net cash provided by investing activities from discontinued operations
Net cash provided by investing activities 71,818
Cash Flows from Financing Activities    
Proceeds from shares issued for cash, net 5,503
Net cash provided by (used in) financing activities from continuing operations 5,503
Net cash used in financing activities from discontinued operations (3)
Net cash provided by (used in) financing activities 5,503 (3)
Net Change In Cash, cash equivalents and restricted cash equivalents 56,871 (890)
Cash, cash equivalents and restricted cash equivalents - Beginning of Period 9,034 4,567
Cash, cash equivalents and restricted cash equivalents - End of Period 65,905 3,677
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for income taxes
Cash paid during the period for interest expense 12
Non cash investing and financing activities    
Shares issued for settlement of liabilities 310
Reclassification of deposit for aircraft engines 1,216
Loan proceeds received in cryptocurrency 67,039
Loan repayments denominated in cryptocurrency 98,552
Capitalization of ROU assets and liabilities - operating 1,806
Common stock cancelled for withholding taxes $ 223