Cryptocurrency receivable (Tables)

12 Months Ended

Dec. 31, 2025


		As of December 31, 2024				As of December 31, 2025
(in thousands, except for quantity)		Quantity		Fair Value		Quantity		Fair Value
Bitcoins transferred to fixed term financial product (Note a)		100		9,553		100		8,783
Bitcoins prepaid for professional services		30		2,859		—		—
Bitcoin pledged for current portion of long-term loans (Note 12)		400		38,113		500		43,916
Cryptocurrency receivable, current				50,525				52,699

Bitcoin pledged for loan-term loans (Note 12)		200		19,057		400		35,133
Cryptocurrency receivable, non-current				19,057				35,133

Note a: On September 27, 2024, the Company transferred 100 Bitcoins to a crypto assets exchange institution to purchase a fixed term investment product with an annual percentage rate of return (the “APR”) of 1.5% for 30 calendar days. On December 23, 2024, the Company transferred 100 Bitcoins to a crypto assets exchange institution to purchase a fixed term investment product with a minimum annual return of 1% for one year and the Company extended for another one year in December 2025.