STOCK-BASED COMPENSATION (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock-Based Compensation Expense |
The stock-based compensation expense related to Options, RSUs and PSUs for employees, directors, consultants and former employees and share awards for a former executive of Stronghold were as follows: | | | | | | | | | | | | | | | | | Three months ended June 30, | Six months ended June 30, | | 2026 | 2025 | 2026 | 2025 | | | | | | | | Options | 5,169 | | 1,431 | | 6,783 | | 3,494 | | | RSUs | 2,811 | | 440 | | 3,402 | | 2,345 | | | PSUs | 1,868 | | — | | 2,369 | | — | | | Share awards | — | | 1,555 | | — | | 1,713 | | | | 9,848 | | 3,426 | | 12,554 | | 7,552 | | |
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| Schedule of Outstanding Options |
Details of the outstanding Options are as follows: | | | | | | | | | | | | | | | | | | Six months ended June 30, | | 2026 | 2025 | | | | | | | Number of Options | Weighted Average Exercise Price (CAD) | Number of Options | Weighted Average Exercise Price (CAD) | | | Outstanding, January 1, | 16,696,665 | 2.67 | | 26,865,764 | 2.64 | | | | Granted | 5,600,050 | 3.51 | | 2,536,227 | 1.40 | | | | Exercised | (3,738,563) | 2.61 | | (13,900) | 0.55 | | | | Forfeited | (92,198) | 2.30 | | (60,000) | 3.09 | | | | Expired | (103,075) | 3.05 | | (55,000) | 3.25 | | | | Outstanding, June 30, | 18,362,879 | 2.94 | | 29,273,091 | 2.53 | | | | Exercisable, June 30, | 12,934,734 | 2.77 | | 2,100,000 | 0.54 | | | |
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| Schedule of Options Grants Using the Black-Scholes Model |
The weighted-average inputs used to value the Options grants using the Black-Scholes model are as follows: | | | | | | | | | | | Six months ended June 30, | | 2026 | 2025 | | Dividend yield (%) | — | | — | | | Expected share price volatility (%)* | 76 | % | 80 | % | | Risk-free interest rate (%) | 3.80 | % | 4.46 | % | | Expected life of Options (years) | 3.0 years | 3.0 years | | | | | | | | | | | | | | | | | | | | | |
* Expected share price volatility is estimated based on a combination of the Company’s stock price and Bitcoin price data. |
| Schedule of RSU |
Details of the RSUs are as follows: | | | | | | | | | | | | | | | | | | Six months ended June 30, | | 2026 | 2025 | | | | | | | Number of RSUs | Weighted Average Grant Price (CAD) | Number of RSUs | Weighted Average Grant Price (CAD) | | | Outstanding, January 1, | 4,847,575 | 1.56 | | 897,666 | 3.61 | | | | Granted | 7,391,366 | 2.73 | | 2,783,425 | 1.43 | | | | Settled | (1,814,533) | 1.35 | | (2,347,500) | 2.15 | | | | Forfeited | (27,688) | 1.11 | | (10,500) | 1.59 | | | | Outstanding, June 30, | 10,396,720 | 2.43 | | 1,323,091 | 1.63 | | | | | | | | | | |
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| Schedule of PSU |
Details of the PSUs are as follows: | | | | | | | | | | | | Six months ended June 30, | | 2026 | | | | | | Number of PSUs | Weighted Average Grant Price (CAD) | | | Outstanding, January 1, | 3,508,275 | 1.41 | | | | Granted | 5,494,362 | 2.73 | | | | Settled | (77,525) | 1.52 | | | | Forfeited | (63,178) | 2.73 | | | | Outstanding, June 30, | 8,861,934 | 2.22 | | | | | | | | |
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