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Edition 2026-08-10

CRYPTO

AIxCrypto Holdings Reports 97% Cash Decline and $12 Million Faraday Future Investment

AIxCrypto Holdings, a pre-revenue AI and cryptocurrency company, reported a 97% reduction in cash to $577,328 by June 30 and a $12 million investment in Faraday Future securitie...

By cryptoslate · 76d ago · Source: cryptoslate

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AIxCrypto Holdings, a pre-revenue AI and cryptocurrency company, reported a 97% reduction in cash to $577,328 by June 30 and a $12 million investment in Faraday Future securities during the first half of 2026. The firm operates a robot‑rental marketplace called RoboShare and recorded a $10.27 million net loss while using $7.94 million in operating cash. Its digital‑asset portfolio fell to $5.21 million from $10.25 million at year‑end, reflecting a $2.93 million unrealized loss. Cash and cash equivalents dropped from $19.33 million at December 31 to $577,328 at June 30, leaving liabilities of $1.72 million, almost three times the cash balance. The Faraday Future investment, made through an entrusted arrangement with Gold King Arthur Holding Limited, consisted of $500,000 of Class A common stock and $11.5 million of Series C preferred stock; AIxCrypto’s controlling majority shareholder is Faraday Future, so the allocation involves the firm that controls it. The company holds Bitcoin valued at $2.70 million, about 52% of its portfolio, and recorded $2.11 million in proceeds from digital‑asset sales. RoboShare’s Los Angeles pilot was scheduled for August, with revenue expected in the third quarter contingent on operational readiness. A potential common‑stock purchase agreement could provide up to $50 million, subject to shareholder approval and market conditions, but no draws have been made. The company has not yet demonstrated that the marketplace can generate revenue sufficient to offset its cash burn and may need to sell additional digital assets or raise equity.

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cryptoslate
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Published
8/10/2026, 10:00:13 AM
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8/10/2026, 10:00:13 AM
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