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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents $ 2,846 $ 3,707
Bitcoin 1,197 3,263
Accounts receivable, net 346 0
Other current assets 1,731 1,707
Total current assets 6,120 8,677
Property and equipment, net 10,706 14,608
Operating Lease, Right-of-Use Asset 1,451 0
Goodwill 3,282 0
Total intangible assets, net 754 1,610
Other assets 2,554 225
Total assets 24,867 25,120
Accounts payable 2,146 427
Accrued liabilities 1,231 544
Accrued payroll and employee compensation 1,334 831
Other current liabilities 1,205 0
Total current liabilities 5,916 1,802
Operating Lease, Liability, Noncurrent 1,298 0
Deferred Income Tax Liabilities 760 0
Total liabilities 7,974 1,802
Commitments and contingencies (Note 15)
Series H preferred shares, no par value, unlimited shares authorized, 161 shares issued and outstanding as of June 30, 2026 and December 31, 2025 18 18
Preferred Stock, Value, Outstanding 2,677 0
Common shares, no par value; unlimited shares authorized, 7,639,893 and 3,392,541 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 512,245 503,414
Accumulated other comprehensive loss (1,809) (1,811)
Accumulated deficit (496,238) (478,303)
Total shareholders’ equity 16,875 23,300
Total liabilities, temporary equity, and shareholders’ equity $ 24,867 $ 25,120