v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss from continuing operations $ (1,956) $ (338)
Adjustments to reconcile net loss to net cash used in continuing operating activities:    
Depreciation and amortization 4,046
Share-based compensation 333 185
Changes in operating assets and liabilities:    
Cryptocurrencies-mining, net of mining pool operating fees (4,108)
Other current assets 96
Security deposit (5,600)
Accrued expenses and other current payables 212 (4,209)
Taxes payable 5
Net cash used in continuing operating activities (7,068) (4,266)
Net cash provided by discontinued operating activities 622 5,141
Net cash provided by (used in) operating activities (6,446) 875
Cash flows from investing activities:    
Net cash provided by continuing investing activities
Net cash (used in) provided by discontinued investing activities 261 (205)
Net cash (used in) provided by investing activities 261 (205)
Cash flows from financing activities:    
Proceeds of borrowings from related parties 200
Proceeds from issuance of ordinary shares through private offerings 7,000 5,700
Net cash provided by continuing financing activities 7,200 5,700
Net cash provided by discontinued financing activities 228
Net cash provided by financing activities 7,200 5,928
Effect of exchange rate changes (918) 361
Net change in cash, cash equivalents and restricted cash 97 6,959
Cash, cash equivalents and restricted cash - beginning of period 113 170
Cash, cash equivalents and restricted cash - end of period 210 7,129
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of period (76) (7,127)
Total cash, cash equivalents and restricted cash of continuing operations at end of period 134 2
Supplemental non-cash information:    
Shares issued to repay amounts due to related parties upon execution of offset agreement 7,553
Shares repurchased for subsidiary disposal 1,570
Exchange BTC to USDT 12,764
Miners purchased with USDT 6,319
The following table provides a reconciliation of cash and restricted cash reported within the balance sheet that sum to the total of the same amounts shown in the statement of cash flows:    
Cash and cash equivalents 208 7,127
Restricted cash 2 2
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 210 $ 7,129