AIxCrypto's Cash Fell 97% After $12M Faraday Stake

AIxCrypto Holdings, the pre-revenue operator of a robot-rental marketplace that also holds digital assets, entered the third quarter with $577,328 in cash. The balance was down 97% in six months from $19.33 million at Dec. 31.

The first half produced a $10.27 million net loss and $7.94 million of cash used in operations. The cash-flow statement separately recorded a $12 million financing outflow for Faraday Future securities and $2.11 million of proceeds from digital-asset sales. AIxCrypto's nearest route to operating revenue, RoboShare, was still preparing a Los Angeles pilot as of Aug. 7.

The Faraday outlay ran through an entrusted arrangement with Gold King Arthur Holding Limited and covered $500,000 of Class A common stock and $11.5 million of Series C preferred shares. AIxCrypto names Faraday Future its controlling majority stockholder, so the $12 million went to the company that controls it.

Digital assets fell in fair value to $5.21 million from $10.25 million at year-end, and AIxCrypto booked a $2.93 million net loss on the holdings in the half. Sales, purchases, digital-asset-settled activity and fair-value changes all moved the balance during the period. Bitcoin made up $2.70 million, roughly 52% of the June 30 portfolio. The rest of the book stays exposed to crypto market swings.