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SEC Edgar

Yueda Digital Holding

SIC 6199 · Finance Services

$YDKG

Yueda Digital Holding

CIK:0001413745|SEC Filings

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Income Statement [Abstract]

$ 28,151

Cost of revenues

28,867

(716)

Operating expenses:

General and administrative expenses

44,346

1,759

531

Total operating expenses

44,346

1,759

531

Loss from continuing operations

(45,062)

(1,759)

(531)

Other income (expenses):

Interest (expenses) income, net

1

(47)

Other income (expense), net

(520)

8

Impairment of long-lived assets

(12,416)

Realized loss on sale/exchange of cryptocurrencies

(21,468)

Total other income (expenses), net

(33,883)

(567)

8

Loss from continuing operation before income taxes

(78,945)

(2,326)

(523)

Income tax expense

Net loss from continuing operation

(78,945)

(2,326)

(523)

Discontinued operations:

Net income (loss) from discontinued operations, net of income taxes

(190)

(11,322)

329

Gain from disposal of discontinued operations, net of income taxes

51,082

Net income (loss) from discontinued operations

50,892

(11,322)

329

(28,053)

(13,648)

(194)

Less: Net income attributable to non-controlling interests

3

3

380

Net loss attributable to Yueda Digital Holding

(28,056)

(13,651)

(574)

(28,053)

(13,648)

(194)

Foreign currency translation adjustment

(1,618)

528

(72)

Total comprehensive loss

(29,671)

(13,120)

(266)

Less: Total comprehensive income attributable to non-controlling interests

3

3

(527)

Total comprehensive income (loss) attributable to Yueda Digital Holding

$ (29,674)

$ (13,123)

$ 261

Weighted average number of ordinary shares outstanding*

Basic (in Shares)

^[1]

1,456,440

111,997

65,713

Diluted (in Shares)

^[1]

1,456,440

111,997

65,713

Loss per share*

Basic (in Dollars per share)

^[1]

$ (19.26)

$ (121.89)

$ (8.73)

Diluted (in Dollars per share)

^[1]

$ (19.26)

$ (121.89)

$ (8.73)

[1]	The shares and per share information are presented on a retroactive basis to reflect the share consolidation (Note 9).

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net loss from continuing operations	$ (78,945)	$ (2,326)	$ (523)
Adjustments to reconcile net loss to net cash provided by operating activities:
Impairment loss on prepayments	36,358
Depreciation and amortization	9,201
Impairment of property and equipment	12,416
Loss on disposal of intangible assets	21,468
Share-based compensation	932	518	5
Changes in operating assets and liabilities:
Cryptocurrencies - mining, net of mining pool operating fees	(7,354)
Other current assets	(1,117)
Security deposit	(9,600)
Accrued expenses and other current payables	(350)
Net cash used in continuing operating activities	(16,991)	(1,808)	(518)
Net cash (used in) provided by discontinued operating activities	24,045	24,529	(1,299)
Net cash (used in) provided by operating activities	7,054	22,721	(1,817)
Cash flows from investing activities:
Purchase of property and equipment		(24,278)
Prepayments for miners	(11,482)
Net cash used in continuing investing activities	(11,482)	(24,278)
Net cash (used in) provided by discontinued investing activities	9,987	(4,945)
Net cash used in investing activities	(1,495)	(29,223)
Cash flows from financing activities:
Proceeds from issuance of ordinary shares through private offerings	29,102	5,700
Net cash provided by continuing financing activities	29,102	5,700
Net cash (used in) provided by discontinued financing activities		455	(1,222)
Net cash (used in) provided by financing activities	29,102	6,155	(1,222)
Effect of exchange rate changes	(33,775)	290	509
Net change in cash, cash equivalents and restricted cash	886	(57)	(2,530)
Cash, cash equivalents and restricted cash - beginning of year	113	170	2,700
Cash, cash equivalents and restricted cash - end of year	999	113	170
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of year		(111)	(20)
Total cash, cash equivalents and restricted cash of continuing operations at end of year	999	2	150
Supplemental disclosure of cash flow information:
Income tax paid
Interests paid
Supplemental non-cash information:
Shares issued to repay amounts due to related parties upon execution of offset agreement		7,552
Shares repurchased for subsidiary disposal		1,569
Cryptocurrencies received from disposal of subsidiaries	4,096
Exchange BTC to USDT	28,151
Miners purchased with cryptocurrencies and balances offset	319,167
Sales of Class A ordinary shares for cryptocurrencies	180,000
Exercises of warrants for cryptocurrencies	152,100
Cash and cash equivalents	997
Restricted cash	2	2	2
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 999	$ 2	$ 2

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

CURRENT ASSETS

Cash and cash equivalents

$ 999

$ 2

3,246

206,027

Other current assets

1,131

4,111

Current assets of discontinued operations

21,842

Total current assets

211,403

25,955

OTHER ASSETS

Property and equipment, net

90,926

24,278

Security deposit

9,600

Other assets of discontinued operations

9,987

Total non-current assets

100,526

34,265

311,929

60,220

CURRENT LIABILITIES

Accounts payable

331

Accrued expenses and other current payables

350

Current liabilities of discontinued operations

78,245

Total current liabilities

331

78,595

OTHER LIABILITIES

Other liabilities of discontinued operations

3,631

Total non-current liabilities

3,631

Total liabilities

331

82,226

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY

Ordinary shares value

^[1]

575

Additional paid-in capital

651,665

311,740

Treasury shares (13,073 and 13,073 shares as of December 31, 2024 and 2025)

(1,517)

(1,517)

Deferred share compensation

(148)

(814)

Accumulated deficits

(360,520)

(332,464)

Accumulated other comprehensive income

33,407

Total Yueda Digital Holding shareholders’ equity

311,598

10,927

NON-CONTROLLING INTERESTS

(32,933)

Total (deficit) equity

311,598

(22,006)

Total liabilities and shareholders’ equity

311,929

60,220

Class A Ordinary Shares

SHAREHOLDERS’ EQUITY

Ordinary shares value

^[1]

22,118

Class B Ordinary Shares

SHAREHOLDERS’ EQUITY

Ordinary shares value

^[1]

[1]	The shares and per share information are presented on a retroactive basis to reflect the share consolidation and change of share capital (Note 9).