v3.25.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 8,758 $ 18,011
Prepaid expenses and other current assets 2,154 274
Total current assets 10,912 18,285
Digital assets 63,970 0
Digital assets receivable, net 7,350 [1] 0
Other long-term assets 705 0
Total assets 82,937 18,285
Current liabilities:    
Accounts payable 327 176
Accrued liabilities 760 1,178
Total current liabilities 1,087 1,354
Total liabilities 1,087 1,354
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.01 par value; 100 shares authorized; none outstanding 0 0
Common stock, $0.00000002 par value; 226,000 shares authorized; 36,785 and 6,663 shares issued at December 31, 2025 and June 30, 2025, respectively. 0 0
Additional paid-in capital 520,655 421,095
Treasury stock, at cost, 138 and no shares at December 31, 2025 and June 30, 2025, respectively. (203) 0
Accumulated deficit (438,602) (404,164)
Total stockholders' equity 81,850 16,931
Total liabilities and stockholders' equity $ 82,937 $ 18,285
[1] Digital assets receivable, net, include LTC pledged as collateral and those unencumbered but residing with GSR.