The following table presents the Company’s bitcoin holdings as of March 31, 2026 and December 31, 2025 (in thousands, except bitcoin held):


Digital assets holdings	March 31, 2026		December 31, 2025
Number of bitcoin held	97.6		74.0
Carrying basis of bitcoin	$	9,843	$	8,042
Fair Value of bitcoin	$	6,658	$	6,477

The carrying basis represents the valuation of bitcoin at the time the Company earns the bitcoin through mining activities.

The following table represents a reconciliation of the fair values of the Company’s digital assets (in thousands):


Digital assets:	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
Beginning balance at fair value	$	6,477	$	6,950
Additions	1,802		4,226
Dispositions	—		(1,783)
Loss on digital assets	(1,621)		(988)
Ending balance	$	6,658	$	8,405

All additions of digital assets were the result of bitcoin generated by the Company’s cryptocurrency mining operations. All dispositions of digital assets were the result of sales on the open market to fund Company operations.

The Company’s bitcoin holdings are not subject to contractual sale restrictions. As of March 31, 2026, the Company held no other digital assets.