$DCX

Digital Currency X Technology Inc.

CIK:0001957413|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Cost of revenues
Gross profit
Operating Expenses
Selling, general and administrative	8,398	2,425	3,593
Total Operating Expenses	8,398	2,425	3,593
Loss from Operations	(8,398)	(2,425)	(3,593)
Other income (expense):
Realized loss on sale/exchange of cryptocurrencies	(4,268)
Gain on fair value changes of cryptocurrencies	83,330
Other expenses	(1)
Total other income, net	79,061
Income (loss) before income taxes	70,663	(2,425)	(3,593)
Provision for income tax
Net income (loss) from continuing operation	70,663	(2,425)	(3,593)
Net loss from discontinued operations, net of income taxes	(100,737)	(66,580)	(94,908)
Net loss	(30,074)	(69,005)	(98,501)
Less: Net loss attributable to noncontrolling interests	(26,460)	(22,110)	(30,390)
Deemed dividend attributable to down round feature of warrants	6,251
Net loss attributable to Digital Currency X Technology Inc.	(9,865)	(46,895)	(68,111)
Net loss	(30,074)	(69,005)	(98,501)
Changes in post-employment and termination benefits	794	(742)	(1,216)
Foreign currency adjustment	(8,187)	3,135	(104)
Total comprehensive loss	(37,467)	(66,612)	(99,821)
Less: Total comprehensive loss attributable to non-controlling interests	(27,261)	(20,179)	(30,747)
Total comprehensive loss attributable to Digital Currency X Technology Inc.	$ (10,206)	$ (46,433)	$ (69,074)
Basic weighted average ordinary shares outstanding	2,337,678	4,511	4,401
Diluted weighted average ordinary shares outstanding	2,337,678	4,511	4,401
Basic net loss per share attributable to Digital Currency X Technology Inc	$ (4.22)	$ (10,396.74)	$ (15,476.19)
Diluted net loss per share attributable to Digital Currency X Technology Inc	$ (4.22)	$ (10,396.74)	$ (15,476.19)
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Revenues

Consolidated Statement 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	$ (30,074)	$ (69,005)	$ (98,501)
Net loss from discontinued operations	(100,737)	(66,580)	(94,908)
Net income (loss) from continuing operations	70,663	(2,425)	(3,593)
Adjustments to reconcile net loss to net cash used in by operating activities:
Share-based compensation expenses		92	3,171
Loss on disposal of cryptocurrencies	4,268
Gain on fair value changes of cryptocurrencies	(83,330)
Interest (income) expenses	(14)	5
Changes in operating assets and liabilities:
Other assets	204
Other liabilities		(315)	83
Net cash used in continuing operating activities	(8,629)	(2,681)	(209)
Net cash used in discontinued operating activities	(45,960)	(22,783)	(39,808)
Net cash used in operating activities	(54,589)	(25,464)	(40,017)
Cash Flows from Investing Activities:
Purchases of cryptocurrencies	(15,901)
Net cash used in continuing investing activities	(15,901)
Net cash provided by (used in) discontinued investing activities	17,321	(1,058)	(1,762)
Net cash provided by (used in) investing activities	1,420	(1,058)	(1,762)
Cash Flows from Financing Activities:
Proceeds from exercise of warrants			600
Proceeds from private placement	30,849	1,120
Proceeds from private placement-related parties		1,700
Payments for reverse recapitalization and ordinary shares issuance costs			(250)
Net cash provided by continuing financing activities	30,849	2,820	350
Net cash (used in) provided by discontinued financing activities	(8,384)	10,818	4,875
Net cash provided by financing activities	22,465	13,638	5,225
Net change in cash, cash equivalents, and restricted cash	(30,704)	(12,884)	(36,554)
Effects of currency translation on cash, cash equivalents, and restricted cash	31,813	4,546	(1,360)
Cash, cash equivalents, and restricted cash, beginning of year	3,771	12,109	50,023
Cash, cash equivalents, and restricted cash, end of year	4,880	3,771	12,109
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of year	(938)	(2,089)	(12,059)
Total cash, cash equivalents and restricted cash of continuing operations at end of year	3,942	1,682	50
Non-cash investing and financing activities:
Issuance of Class A ordinary shares to offset other current liabilities to related parties	2,590
Issuance of Class A ordinary shares for Bitcoins	307,000
Unpaid deferred offering cost related to reverse recapitalization			379
Deferred offering cost settled with ordinary shares			1,000
Deferred offering costs reclassified to additional paid-in capital			4,500
Repurchase of treasury shares			500
Related Party [Member]
Changes in operating assets and liabilities:
Other current assets		60	(60)
Accruals and other current liabilities	(1,706)	38	50
Nonrelated Party [Member]
Changes in operating assets and liabilities:
Accruals and other current liabilities	$ 1,286	$ (136)	$ 140