|
Cash and cash equivalents
|
|
$60.4m
|
$32.0m
|
$38.2m
|
$27.8m
|
|
Restricted cash and cash equivalents
|
|
—
|
—
|
$6.9m
|
—
|
|
Digital asset collateral receivable
|
|
—
|
—
|
$47.8m
|
$24.1m
|
|
Accounts receivable, net
|
|
$6.3m
|
$3.8m
|
$10.9m
|
$12.3m
|
|
Inventory
|
|
—
|
—
|
$246k
|
$145k
|
|
Other current assets, net
|
|
$301k
|
$1.8m
|
$11.7m
|
$9.4m
|
|
Total current assets
|
|
$87.6m
|
$121.3m
|
$265.3m
|
$324.5m
|
|
Long term investment
|
|
—
|
—
|
—
|
$177k
|
|
Property and equipment, net
|
|
$106.3m
|
$81.9m
|
$56.0m
|
$20.7m
|
|
Goodwill
|
|
—
|
—
|
—
|
$4.2m
|
|
Operating lease right of use assets, net
|
|
—
|
—
|
—
|
$436k
|
|
Digital assets
|
|
$8.0m
|
$44.0m
|
$129.9m
|
$149.3m
|
|
Amount due from related parties
|
|
$37k
|
$38k
|
$33.1m
|
$75.0m
|
|
Prepayments
|
|
$12.5m
|
$39.6m
|
$21.7m
|
$26.0m
|
|
Financial assets held for trading
|
|
—
|
—
|
—
|
$521k
|
|
Deferred tax assets, net
|
|
$4.5m
|
$4.2m
|
$8.6m
|
$7.5m
|
|
Contract liabilities
|
|
$6.4m
|
$47.7m
|
$15.8m
|
$50.6m
|
|
Long term loan-current portion
|
|
—
|
—
|
—
|
$15.0m
|
|
Obligation to return collateral digital assets
|
|
—
|
—
|
$21.4m
|
$3.3m
|
|
Amount due to a related party
|
|
$67.2m
|
$30.2m
|
$1.6m
|
$6.8m
|
|
Taxes payable
|
|
$5.1m
|
$2.2m
|
$2.2m
|
$1.8m
|
|
Operating lease liabilities, current
|
|
—
|
—
|
—
|
$251k
|
|
Long-term payable
|
|
—
|
$102.4m
|
$101.3m
|
$94.4m
|
|
Long-term loans
|
|
—
|
—
|
$35.0m
|
—
|
|
Operating lease liabilities, non-current
|
|
—
|
—
|
—
|
$197k
|
|
Ordinary shares ($0.0001 par value; 500,000,000 shares authorized; 166,613,948 and 163,106,615 shares issued and outstanding as of December 31, 2025 and 2024, respectively)
|
|
15k
|
15k
|
16k
|
17k
|
|
Non-controlling interest
|
|
—
|
—
|
—
|
$5.5m
|
|
Total non-current assets
|
|
$110.8m
|
$88.8m
|
$112.4m
|
$33.0m
|
|
Total non-current liabilities
|
|
$109.4m
|
$106.3m
|
$151.3m
|
$109.5m
|
|
Total shareholders’ equity
|
|
—
|
$17.3m
|
$162.5m
|
$149.6m
|
|
Total assets
|
|
$198.3m
|
$210.0m
|
$377.7m
|
$357.6m
|
|
Accounts payables
|
|
$38k
|
$806k
|
$14.1m
|
$4.7m
|
|
Accrued expenses and other payables
|
|
$3.3m
|
$5.4m
|
$8.8m
|
$16.1m
|
|
Total current liabilities
|
|
$82.1m
|
$86.4m
|
$63.9m
|
$98.5m
|
|
Deferred tax liabilities, net
|
|
—
|
$3.9m
|
$15.1m
|
$14.9m
|
|
Total liabilities
|
|
$191.5m
|
$192.7m
|
$215.2m
|
$208.0m
|
|
Additional paid-in capital
|
|
$1.5m
|
$1.5m
|
$84.3m
|
$97.2m
|
|
Retained earnings
|
|
$7.3m
|
$17.8m
|
$78.2m
|
$46.9m
|
|
Total liabilities and shareholders’ equity
|
|
$198.3m
|
$210.0m
|
$377.7m
|
$357.6m
|