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v3.26.1

Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2026
Accounting Policies [Abstract] |
Schedule of condensed balance sheets | The table below summarizes the amounts shown on our unaudited condensed consolidated balance sheets as of March 31, 2026 (in thousands except units of digital assets):
|  | March 31, 2026 |
|  | Units |  |  | Cost Basis |  |  | Fair Value |
Bitcoin |  |  | 955 |  |  | $ | 95,591 |  |  | $ | 65,345 |
Total Digital assets |  |  | 955 |  |  | $ | 95,591 |  |  | $ | 65,345 |
Schedule of the reconciliation of basic and diluted loss per share | The following table sets forth the reconciliation of basic and diluted loss per share for the three months ended March 31, 2026 and 2025 (in thousands except per share data):
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Net loss |  | $ | (45,650 | ) |  | $ | (26,080 | )
Net loss attributable to noncontrolling interest |  | $ | (2,380 | ) |  | $ | — |
Net loss for basic and diluted loss per share available to common stockholders |  | $ | (43,270 | ) |  | $ | (26,080 | )
Weighted average number of shares outstanding |  |  | 6,891 |  |  |  | 5,065 |
Weighted average Common Stock warrants exercisable for nominal consideration |  |  | — |  |  |  | 6,500 |
Weighted average number of shares, basic |  |  | 6,891 |  |  |  | 11,565 |
Weighted average number of shares, diluted |  |  | 6,891 |  |  |  | 11,565 |
Basic |  | $ | (6.28 | ) |  | $ | (2.26 | )
Diluted |  | $ | (6.28 | ) |  | $ | (2.26 | )

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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