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Discontinued Operations - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Blockchain Dynamics Limited [Member]
Schedule of Discontinued Operations [Line Items]
Revenues			$ 13
Less: Cost of revenues
Gross Revenue			13
Total operating expenses			212
Loss from discontinued operations			(199)
Total other income, net			(118)
Income (loss) from discontinued operation before income taxes			(317)
Income tax expenses from operations
Net income (loss) from discontinued operations			(317)
Disposal of One World, Global Travel [Member]
Schedule of Discontinued Operations [Line Items]
Revenues
Less: Cost of revenues		(125)
Gross Revenue		(125)
Total operating expenses		(1,477)
Loss from discontinued operations		(1,602)
Total other income, net		(1)
Income (loss) from discontinued operation before income taxes		(1,603)
Income tax expenses from operations
Net income (loss) from discontinued operations		(1,603)
Disposal of Broad Cosmos [Member]
Schedule of Discontinued Operations [Line Items]
Revenues	$ 127	343	845
Less: Cost of revenues	(203)	(181)	(1,376)
Gross Revenue	(76)	162	(531)
Total operating expenses	(1,386)	(3,581)	(2,794)
Loss from discontinued operations	(1,462)	(3,419)	(3,325)
Total other income, net	1,272	(6,300)	3,972
Income (loss) from discontinued operation before income taxes	(190)	(9,719)	647
Income tax expenses from operations			(1)
Net income (loss) from discontinued operations	$ (190)	$ (9,719)	$ 646

Discontinued Operations

12 Months Ended

Dec. 31, 2025

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

3.	DISCONTINUED OPERATIONS

Disposal of Blockchain Dynamics Limited and its subsidiary

On March 19, 2024, the Group resolved to dispose Blockchain Dynamics Limited together with its subsidiary. The business was disposed to Mr. Herman Man Guo for exchange of 1,307,229 ordinary shares of the Company at a par value of US$0.04. The discontinued operation represents a strategic shift that has a major effect on the Company’s operations and financial results, which triggers discontinued operations accounting in accordance with FASB ASC 205-20-45. The assets and liabilities related to the discontinued operations are classified as assets/liabilities of discontinued operations as of December 31, 2024, while results of operations related to the discontinued operations for the years ended December 31, 2023 and 2024 are reported as income (loss) from discontinued operations.

The results of discontinued operations for the years ended December 31, 2023 and 2024 are as follows:

	For the years ended December 31,
	2023			2024
Revenues	$	13		$	—
Less: Cost of revenues		—			—
Gross Revenue		13			—
Total operating expenses		212			—
Loss from discontinued operations		(199	)		—
Total other income, net		(118	)		—
Loss from discontinued operation before income taxes		(317	)		—
Income tax expenses from operations		—			—
Net loss from discontinued operations	$	(317	)	$	—

Assets and liabilities of the discontinued operations as of March 19, 2024 and the loss on sale of discontinued operations recognized during the year ended December 31, 2024 are as follows:

	As of March 19,
	2024
Cash and cash equivalents	$	20
Other current assets		4,546
Total assets of discontinued operations		4,566

Accrued expenses and other current liabilities		294
Amounts due to related parties		1,256
Total liabilities of discontinued operations	$	1,550

Total net assets	$	3,016
Total consideration received		1,569
Loss on sale of discontinued operations	$	1,447

Disposal of One World, Global Travel and its Subsidiaries

On August 31, 2024, the Group resolved to dispose One World, Global Travel and its subsidiaries. The business was disposed to Mr. Jiang Hao for exchange of US$1. The discontinued operation represents a strategic shift that has a major effect on the Company’s operations and financial results, which triggers discontinued operations accounting in accordance with FASB ASC 205-20-45. The results of operations related to the discontinued operations for the year ended December 31, 2024 were reported as income (loss) from discontinued operations. The discontinued operations had no operations for the year ended December 31, 2024.

The results of discontinued operations for the year ended December 31, 2024 are as follows:

	For the year ended December 31,
	2024
Revenues	$	—
Less: Cost of revenues		(125	)
Gross Revenue		(125	)
Total operating expenses		(1,477	)
Loss from discontinued operations		(1,602	)
Total other income, net		(1	)
Loss from discontinued operation before income taxes		(1,603	)
Income tax expenses from operations		—
Net loss from discontinued operations	$	(1,603	)

Assets and liabilities of the discontinued operations as of August 31, 2024 and the loss on sale of discontinued operations recognized during the year ended December 31, 2024 are as follows:

	As of August 31,
	2024
Cash and cash equivalents	$	4,327
Other current assets		24,295
Noncurrent assets		4,028
Total assets of discontinued operations		32,650

Accrued expenses and other current liabilities		778
Amounts due to related parties		33,479
Total liabilities of discontinued operations	$	34,257

Total net assets	$	(1,607	)
Total debts of discontinued operations waived by the Company		1,607
Total consideration received		—
Gain/Loss on sale of discontinued operations	$	—

Disposal of Broad Cosmos and its Subsidiaries

On June 11, 2025, the Group resolved to dispose the legacy air travel media network business operations (the “Legacy Business”), which was being conducted through the Company’s wholly owned subsidiaries. The business was disposed to a unrelated third party for exchange of US$1. The discontinued operation represents a strategic shift that has a major effect on the Company’s operations and financial results, which triggers discontinued operations accounting in accordance with FASB ASC 205-20-45. The Disposition was completed on September 3, 2025. The results of operations related to the discontinued operations for the year ended December 31, 2025 were reported as income (loss) from discontinued operations.

The results of discontinued operations for the years ended December 31, 2023, 2024 and 2025 are as follows:

	For the years ended December 31,
	2023			2024			2025
Revenues	$	845		$	343		$	127
Less: Cost of revenues		(1,376	)		(181	)		(203	)
Gross Revenue		(531	)		162			(76	)
Total operating expenses		(2,794	)		(3,581	)		(1,386	)
Loss from discontinued operations		(3,325	)		(3,419	)		(1,462	)
Total other income, net		3,972			(6,300	)		1,272
Income (loss) from discontinued operation before income taxes		647			(9,719	)		(190	)
Income tax expenses from operations		(1	)		—			—
Net income (loss) from discontinued operations	$	646		$	(9,719	)	$	(190	)

Assets and liabilities of the discontinued operations as of December 31, 2024 and September 3, 2025 and the loss on sale of discontinued operations recognized during the year ended December 31, 2025 are as follows:

	As of December 31,			As of September 3,
	2024			2025
Cash and cash equivalents	$	111		$	71
Other current assets		21,731			21,329
Noncurrent assets		9,987			9,604
Total assets of discontinued operations		31,829			31,004

Accrued expenses and other current liabilities		78,245			79,474
Amounts due to related parties		3,631			3,753
Total liabilities of discontinued operations	$	81,876		$	83,227

Total net assets	$	(50,047	)	$	(52,223	)
Total debts of discontinued operations waived by the Company					52,223
Less: Carrying amount of non-controlling interests disposed					(32,930	)
Add: Reclassification of AOCI on disposal					31,789
Total consideration received					—
Gain on sale of discontinued operations, net of income tax				$	51,082

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations [Abstract]

Schedule of Discontinued Operations

The results of discontinued operations for the years ended December 31, 2023 and 2024 are as follows:

	For the years ended December 31,
	2023			2024
Revenues	$	13		$	—
Less: Cost of revenues		—			—
Gross Revenue		13			—
Total operating expenses		212			—
Loss from discontinued operations		(199	)		—
Total other income, net		(118	)		—
Loss from discontinued operation before income taxes		(317	)		—
Income tax expenses from operations		—			—
Net loss from discontinued operations	$	(317	)	$	—

The results of discontinued operations for the year ended December 31, 2024 are as follows:

	For the year ended December 31,
	2024
Revenues	$	—
Less: Cost of revenues		(125	)
Gross Revenue		(125	)
Total operating expenses		(1,477	)
Loss from discontinued operations		(1,602	)
Total other income, net		(1	)
Loss from discontinued operation before income taxes		(1,603	)
Income tax expenses from operations		—
Net loss from discontinued operations	$	(1,603	)

The results of discontinued operations for the years ended December 31, 2023, 2024 and 2025 are as follows:

	For the years ended December 31,
	2023			2024			2025
Revenues	$	845		$	343		$	127
Less: Cost of revenues		(1,376	)		(181	)		(203	)
Gross Revenue		(531	)		162			(76	)
Total operating expenses		(2,794	)		(3,581	)		(1,386	)
Loss from discontinued operations		(3,325	)		(3,419	)		(1,462	)
Total other income, net		3,972			(6,300	)		1,272
Income (loss) from discontinued operation before income taxes		647			(9,719	)		(190	)
Income tax expenses from operations		(1	)		—			—
Net income (loss) from discontinued operations	$	646		$	(9,719	)	$	(190	)

Schedule of Assets and Liabilities of the Discontinued Operations

Assets and liabilities of the discontinued operations as of March 19, 2024 and the loss on sale of discontinued operations recognized during the year ended December 31, 2024 are as follows:

	As of March 19,
	2024
Cash and cash equivalents	$	20
Other current assets		4,546
Total assets of discontinued operations		4,566

Accrued expenses and other current liabilities		294
Amounts due to related parties		1,256
Total liabilities of discontinued operations	$	1,550

Total net assets	$	3,016
Total consideration received		1,569
Loss on sale of discontinued operations	$	1,447

Assets and liabilities of the discontinued operations as of August 31, 2024 and the loss on sale of discontinued operations recognized during the year ended December 31, 2024 are as follows:

	As of August 31,
	2024
Cash and cash equivalents	$	4,327
Other current assets		24,295
Noncurrent assets		4,028
Total assets of discontinued operations		32,650

Accrued expenses and other current liabilities		778
Amounts due to related parties		33,479
Total liabilities of discontinued operations	$	34,257

Total net assets	$	(1,607	)
Total debts of discontinued operations waived by the Company		1,607
Total consideration received		—
Gain/Loss on sale of discontinued operations	$	—

	As of December 31,			As of September 3,
	2024			2025
Cash and cash equivalents	$	111		$	71
Other current assets		21,731			21,329
Noncurrent assets		9,987			9,604
Total assets of discontinued operations		31,829			31,004

Accrued expenses and other current liabilities		78,245			79,474
Amounts due to related parties		3,631			3,753
Total liabilities of discontinued operations	$	81,876		$	83,227

Total net assets	$	(50,047	)	$	(52,223	)
Total debts of discontinued operations waived by the Company					52,223
Less: Carrying amount of non-controlling interests disposed					(32,930	)
Add: Reclassification of AOCI on disposal					31,789
Total consideration received					—
Gain on sale of discontinued operations, net of income tax				$	51,082

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Equity (Details) - USD ($)

12 Months Ended

Nov. 14, 2025

Oct. 15, 2025

Sep. 09, 2025

Sep. 03, 2025

Aug. 22, 2025

Feb. 19, 2025

Mar. 19, 2024

Dec. 31, 2025

Dec. 31, 2024

May 02, 2024

Equity [Line Items]

Exchange of shares

1,307,229

Ordinary shares, par value (in Dollars per share)

^[1]

$ 0.04

Treasury shares

13,073

Reverse stock split

retroactive effect to the 1-to-100 Share Consolidation effected on November 14, 2025.

The Share Consolidation at a ratio of one-for-one hundred (1:100) was effective on November 14, 2025

Authorized share capital (in Dollars)

$ 40,000,000

Ordinary shares, authorized

^[1]

9,000,000

Sale of aggregate restricted ordinary shares

28,000,000

Price per share (in Dollars per share)

$ 1

$ 2.227

$ 0.45

Aggregate purchase price (in Dollars)

$ 7,000,000

Shares issued

^[1]

156,399

Expiration term

Aug. 27, 2030

Gross proceeds (in Dollars)

$ 28,000,000

$ 180,000,000

Number of shares

Initial exercise date

1 year

Exercise of the Common Warrants

364,000,000

Common Warrant [Member]

Equity [Line Items]

Price per share (in Dollars per share)

$ 1

Purchase of shares

80,826,225

Warrant exercise price (in Dollars per share)

$ 3.3405

Ordinary shares [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Shares issued

1,307,229

New issuance

28,019,760

17,512,350

33,728

^[2]

Price per share (in Dollars per share)

$ 3.3405

Number of shares

Shareholders [Member] | Preferred Shares [Member]

Equity [Line Items]

Preferred shares, authorized

100,000,000

Minimum [Member]

Equity [Line Items]

Preferred shares, authorized

2,500,000

Percentage of ownership

4.99%

Maximum [Member]

Equity [Line Items]

Percentage of ownership

9.99%

Ordinary shares [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Sale of aggregate restricted ordinary shares

15,555,600

Price per share (in Dollars per share)

$ 3.3405

Ordinary shares [Member] | Purchase Agreement [Member]

Equity [Line Items]

Shares issued

80,826,225

Ordinary shares [Member] | Minimum [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares, authorized

22,500,000

Ordinary shares [Member] | Maximum [Member]

Equity [Line Items]

Ordinary shares, authorized

900,000,000

Class A Ordinary Shares [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 4

Ordinary shares, authorized

^[3]

9,000,000

Shares issued

^[1]

5,542,262

Class A Ordinary Shares [Member] | Ordinary shares [Member]

Equity [Line Items]

Ordinary shares, authorized

900,000,000

New issuance

^[2]

1,243,818

Class A Ordinary Shares [Member] | Shareholders [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares, authorized

100,000,000

Class A Ordinary Shares [Member] | Maximum [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 4

Class B Ordinary Shares [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

^[1]

$ 4

Ordinary shares, authorized

^[1]

1,000,000

Shares issued

^[1]

Class B Ordinary Shares [Member] | Shareholders [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares, authorized

100,000,000

Class B Ordinary Shares [Member] | Minimum [Member]

Equity [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

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

Other Current Assets (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Dec. 31, 2025	Dec. 31, 2024
Other Current Assets, Net [Abstract]
Transferee amount	$ 1
Subsidiaries amount	4,096
Other asset net	$ 4,096	$ 1,131	$ 4,111

Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Thousands

Ordinary shares outstanding

Class A

Ordinary shares outstanding

Class B

Ordinary shares outstanding

Additional paid-in capital

Treasury shares

Deferred share compensation

Accumulated deficits

Accumulated other comprehensive income (loss)

Total Yueda Digital Holding Inc. shareholders’ equity

Noncontrolling interests

Total

Balance at Dec. 31, 2022

$ 359

$ 332,746

$ (1,148)

$ (318,239)

$ 32,044

$ 45,762

$ (32,409)

$ 13,353

Balance (in Shares) at Dec. 31, 2022

^[1]

89,237

Share repurchase for cancellation of equipment purchase

$ (178)

(34,001)

(34,179)

Share repurchase for cancellation of equipment purchase (in Shares)

^[1]

(44,489)

Share-based compensation

Foreign currency translation adjustment

835

(907)

(72)

Net (loss) income

(574)

380

(194)

Balance at Dec. 31, 2023

$ 181

298,750

(1,148)

(318,813)

32,879

11,849

(32,936)

(21,087)

Balance (in Shares) at Dec. 31, 2023

^[1]

44,748

Share-based compensation

$ 48

1,284

(1,332)

Share-based compensation (in Shares)

^[1]

12,000

Amortization of share-based compensation

518

Sales of Class A ordinary shares

$ 135

5,565

5,700

Sales of Class A ordinary shares (in Shares)

^[1]

33,728

Issuance of ordinary shares to repay debts

$ 262

7,290

7,552

Issuance of ordinary shares to repay debts (in Shares)

^[1]

65,674

Repurchase of ordinary shares for subsidiary disposal

$ (52)

(1,517)

(1,569)

Repurchase of ordinary shares for subsidiary disposal (in Shares)

^[1]

(13,072)

Issuance of treasury shares to employees

$ 1

(1,149)

1,148

Issuance of treasury shares to employees (in Shares)

^[1]

248

Foreign currency translation adjustment

528

Net (loss) income

(13,651)

(13,648)

Balance at Dec. 31, 2024

$ 575

311,740

(1,517)

(814)

(332,464)

33,407

10,927

(32,933)

(22,006)

Balance (in Shares) at Dec. 31, 2024

^[1]

143,326

Amortization of share-based compensation

666

Sales of Class A ordinary shares

$ 4,975

204,127

209,102

Sales of Class A ordinary shares (in Shares)

^[1]

1,243,818

Re-designation of authorized ordinary shares

$ 575

$ (575)

Re-designation of authorized ordinary shares (in Shares)

^[1]

143,326

(143,326)

Exercises of warrants

$ 16,381

135,719

152,100

Exercises of warrants (in Shares)

^[1]

4,095,191

Issuance of Class A ordinary shares to employees

$ 187

266

Issuance of Class A ordinary shares to employees (in Shares)

^[1]

46,793

Additional Class A ordinary shares of round-up adjustment for reverse share split

Additional Class A ordinary shares of round-up adjustment for reverse share split (in Shares)

^[1]

Deconsolidation of discontinued operations

(31,789)

32,930

1,141

Foreign currency translation adjustment

(1,618)

Net (loss) income

(28,056)

(28,053)

Balance at Dec. 31, 2025

$ 22,118

$ 651,665

$ (1,517)

$ (148)

$ (360,520)

$ 311,598

Balance (in Shares) at Dec. 31, 2025

^[1]

5,529,189

[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).

Related Party Transactions

12 Months Ended

Dec. 31, 2025

RELATED PARTY TRANSACTIONS

12.

RELATED PARTY TRANSACTIONS

(a)

The disposal of Blockchain Dynamics Limited

On March 19, 2024, the Group disposed of its wholly owned subsidiary, Blockchain Dynamics Limited, to Mr. Herman Man Guo, the prior Chairman of the Board and interim Chief Financial Officer of the Company. The consideration was 1,307,229 ordinary shares of the Company (equivalent to 13,073 ordinary shares after the 2025 share consolidation) with a par value of $0.04 per share (pre−consolidation). The fair value of the share transaction was approximately $1.6 million. A loss on disposal of approximately $1.4 million was recognized and is included in discontinued operations (see Note 3). No other related party balances were outstanding as of December 31, 2025.

(b)

Key management compensation

For the year ended December 31, 2025, aggregate cash compensation paid to executive officers and non-executive directors was approximately $0.2 million. No share-based awards were granted to related parties during the year.

(c)

Other transactions

There were no other material related party transactions during the years ended December 31, 2023, 2024 and 2025.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (28,056)	$ (13,651)	$ (574)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Cover	12 Months Ended
Cover	Dec. 31, 2025 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Document Shell Company Report	false
Entity Interactive Data Current	Yes
Document Accounting Standard	U.S. GAAP
ICFR Auditor Attestation Flag	false
Amendment Flag	false
Document Period End Date	Dec. 31, 2025
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Entity Information [Line Items]
Entity Registrant Name	Yueda Digital Holding
Entity Central Index Key	0001413745
Entity File Number	001-33765
Entity Incorporation, State or Country Code	E9
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Incorporation, Date of Incorporation	Apr. 12, 2007
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	7545 Irvine Center Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Irvine
Entity Address, Country	CA
Entity Address, Postal Zip Code	92618
Entity Listings [Line Items]
Title of 12(b) Security	Class A Ordinary shares, par value US$4.00 per share
Trading Symbol	YDKG
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	5,529,189
Business Contact [Member]
Entity Contact Personnel [Line Items]
Contact Personnel Name	Qirui Dou
Contact Personnel Email Address	qirui.dou@yuedaholding.com
Entity Address, Address Line One	7545 Irvine Center Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Irvine
Entity Address, Country	CA
Entity Address, Postal Zip Code	92618
Entity Phone Fax Numbers [Line Items]
City Area Code	949
Local Phone Number	623-8789

Subsequent Events

12 Months Ended

Dec. 31, 2025

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

14.	SUBSEQUENT EVENTS

The Company has evaluated all events that occurred after December 31, 2025 through the date the consolidated financial statements were available for issuance and identified the following subsequent event occurred that would require recognition or disclosure in the Company’s consolidated financial statements.

On April 6, 2026, the Group and B&G entered into a supplemental agreement terminating B&G’s delivery obligation for the remaining 57,241 miners. Under the supplemental agreement, B&G is obligated to refund approximately $206.0 million The approximately $36.4 million termination fee was recognized as a loss in the year ended December 31, 2025 and is included in general and administrative expenses. Management has assessed the credit risk of B&G and has concluded that the refund is probable; however, no assurance can be given that B&G will fulfill its payment obligations.

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

Summary of Significant Accounting Policies (Details) ¥ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 CNY (¥)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Summary of Significant Accounting Policies [Line Items]
Net operating losses from continuing operations	$ (78,945,000)		$ (2,326,000)	$ (523,000)
Losses on prepayment	36,400,000
Property and equipment	90,926,000		24,278,000
Impairment loss on long lived assets	$ 12,415,923
Underpayment of taxes (in Yuan Renminbi) \| ¥		¥ 100
Term of statute of limitations	10 years	10 years
Uncertain tax positions
Number of reportable segment	1	1

- Definition

Amount after tax of income (loss) from continuing operations attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Organization and Principal Activities

12 Months Ended

Dec. 31, 2025

Organization and Principal Activities [Abstract]

ORGANIZATION AND PRINCIPAL ACTIVITIES

1.	ORGANIZATION AND PRINCIPAL ACTIVITIES

Introduction of the Group

Yueda Digital Holding (“Yueda” or the “Company”), formerly known as AirNet Technology Inc., was incorporated in the Cayman Islands on April 12, 2007.

The Company conducted the cryptocurrencies mining business operations by its Hong Kong subsidiary Blockchain Dynamics Limited. On March 19, 2024, the Group has resolved to dispose Blockchain Dynamics Limited together with its subsidiary. On August 31, 2024, the Group has resolved to dispose One World Global Travel Inc. and Global International Travel Limited together with its subsidiaries. On January 1, 2025, the Company resumed its cryptocurrencies mining business, and the business was later conducted by its newly established Hong Kong subsidiary.

Yueda, its subsidiaries, through its variable interest entities (“VIEs”) and VIEs’ subsidiaries (collectively the “Group”) to operate its out-of-home advertising network, primarily air travel advertising network, in the People’s Republic of China (the “PRC”). The Group provided advertising time slots in the form of digital TV screens on airplanes, and media contents display in air travel. Collaborating with the Group’s partners, Yueda served airline travelers with interactive entertainment and a coverage of breaking news, and furnished corporate clients with advertisements tailored to the perceptions of the travelers. On June 11, 2025, the Group entered into certain purchase agreement with a third party, pursuant to which the third party agreed to purchase the legacy air travel media network business operations (the “Legacy Business”) in exchange for nominal cash consideration of US$1 (the “Disposition”), which was being conducted through the Company’s wholly owned subsidiaries. The Disposition was completed on September 3, 2025.

As of issuance date of this report, details of the Company’s subsidiaries are as follows:

	Date of			Percentage
	incorporation/		Place of	of legal
Name	acquisition		incorporation	ownership

AirNet Technolog Ohio Inc. (“AirNet Ohio”)		February 6, 2025	United States		100
Robust achievement Limited (“Robust achievement”)		March 5, 2025	Hong Kong		100

Equity

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

EQUITY

11.	EQUITY

On March 19, 2024, the Group resolved to dispose Blockchain Dynamics Limited together with its subsidiary. The business was disposed to Mr. Herman Man Guo for exchange of 1,307,229 ordinary shares of the Company at a par value of $0.04. Therefore, a total of 13,073 ordinary shares was recorded as treasury shares as of December 31, 2024 and 2025, giving retroactive effect to the 1-to-100 Share Consolidation effected on November 14, 2025.

On September 3, 2025, the extraordinary general meeting of shareholders approved an amendment to share capital structure of the Company. The total authorized share capital remains unchanged at US$40,000,000, which has been reclassified from (i) 900,000,000 ordinary shares and 100,000,000 preferred shares (each with a par value of US$0.04) to (ii) 900,000,000 Class A ordinary shares and 100,000,000 Class B ordinary shares (each with a par value of US$0.04). The amendment involves the redesignation of all issued and authorized but unissued ordinary shares as Class A ordinary shares, and the redesignation of all 100,000,000 authorized but unissued preferred shares as Class B ordinary shares. The respective rights and restrictions attaching to the Class A and Class B ordinary shares are governed by the Company’s Amended and Restated Memorandum and Articles of Association.

Sale of ordinary shares

On February 19, 2025, the Company entered into certain securities purchase agreement with certain non-U.S. persons as defined in Regulation S of the Securities Act of 1933, as amended, pursuant to which the Company agreed to sell up to an aggregate of 15,555,600 restricted ordinary shares of the Company, par value $0.04 per share, at a price of $0.45 per Share for an aggregate purchase price of approximately $7 million. The net proceeds to the Company from the offering shall be used by the Company for working capital and general corporate purposes.

On August 22, 2025, the Company entered into a share purchase agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell, and the Purchasers agreed to subscribe and purchase, 80,826,225 of its ordinary shares, par value US$0.04 each (the “Ordinary Shares”), and accompanying warrants (the “Stapled Warrants”) to purchase up to 80,826,225 Ordinary Shares at a combined purchase price of U$2.227 per Ordinary Share and accompanying Stapled Warrant in a registered direct offering. Each Stapled Warrant has an initial exercise price per share of U$3.3405, subject to certain adjustments. The Stapled Warrants will be exercisable immediately and will expire on August 27, 2030. A holder (together with its affiliates and other attribution parties) may not exercise any portion of a Stapled Warrant to the extent that immediately prior to or after giving effect to such exercise the holder would own more than 4.99% or 9.99%, at the holder’s election, of the Company’s outstanding Ordinary Shares immediately after exercise. The gross proceeds to Yueda from the offering are approximately US$180.0 million, before deducting offering expenses payable by the Company. The offering was closed on August 27, 2025.

On September 3 and September 9, 2025, the Company adopted separate corporate resolutions in respect of the exercise of the Stapled Warrants issued in the August 2025 registered direct offering, authorizing Transhare Corporation, the Company’s stock transfer agent, to issue Class A Ordinary Shares and increase the number of the Company’s outstanding ordinary shares on its official books (the resolutions are solely for the adjustment of the equity control book and do not involve any stock transfer between parties). Pursuant to the respective resolutions, 17,512,350 and 28,019,760 outstanding ordinary shares were approved for new issuance on September 3 and September 9, 2025 respectively, with the exercise price set at $3.3405 per share for both issuances. All shares issued upon the warrant exercise are free trading shares.

On October 15, 2025, the Company entered into a share purchase agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell, and the Purchasers agreed to subscribe and purchase, up to an aggregate of 28,000,000 units (the “Units”) in a registered direct offering pursuant to an effective registration statement. Each Unit consists of one Class A Ordinary Share of the Company, par value US$0.04 per share (the “Ordinary Shares”), and one Class A Ordinary Share Purchase Warrant (the “Common Warrants”) to purchase up to one Ordinary Share, at a combined purchase price of US$1.00 per Unit. Each Common Warrant has an initial exercise price per share of US$1.00, subject to certain adjustments, which is exercisable beginning on the Initial Exercise Date and has a term of one (1) year from the Common Warrants’ Initial Exercise Date. The Company has reserved an aggregate of up to 364,000,000 Class A Ordinary Shares for issuance upon the exercise of the Common Warrants, all of which are fully paid and non-assessable and shall be issued pursuant to respective exercise notices; reference is made to the DWAC instructions provided in such exercise notices. The gross proceeds to the Company from the offering are approximately US$28.0 million, before deducting offering expenses payable by the Company. The offering was closed on October 16, 2025.

The summary of warrant activity is as follows, giving retroactive effect to the 1-to-100 Reverse Share Consolidation effected on November 14, 2025:

							Weighted		Average
							Average		Remaining
	Warrants			Exercisable			Exercise		Contractual
	Outstanding			Shares			Price		Life
December 31, 2024		—			—		$	—		—
Granted/Acquired		4,448,262			4,448,262		$	334.05		5
Exercised		(4,095,192	)		(4,095,192	)	$	—		—
December 31, 2025		353,070			353,070		$	334.05		4.66

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies [Abstract]

Basis of presentation

(a)

Basis of presentation

The accompanying consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (SEC), regarding financial reporting, and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operation results.

Going concern

(b)

Going concern

The Group has a history of net operating losses from continuing operations $523, $2,326 and $78,945 for the years ended December 31, 2023, 2024 and 2025. These conditions raise substantial doubt about the Group’s ability to continue as a going concern.

Historically, the Group has relied principally on both operational sources of cash and non-operational sources of equity and debt financing to fund its operations and business development. The Group’s ability to continue as a going concern depends on management’s ability to successfully execute its business plan which includes increasing the utilization rate of existed staffs and potential financing from public market or private placement. In addition, the Company held approximately $3.25 million in USDT as of December 31, 2025, which can be converted into cash for immediate use as needed to ensure the Group has sufficient working capital for its operations and development. However, there is no assurance that the measures above can be achieved as planned. Nevertheless, management prepared the consolidated financial statements assuming the Group will continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis of consolidation

(c)

Basis of consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiaries. All inter-company transactions and balances have been eliminated upon consolidation.

Use of estimates

(d)

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and accompanying notes, including standalone selling price of each distinct performance obligation in the cryptocurrency mining revenue recognition, allowance for expected credit losses, the useful lives of property and equipment, impairment of long-lived assets, valuation of cryptocurrencies, share-based compensation and valuation allowance for deferred tax assets. Actual results could differ from those estimates.

Significant risks and uncertainties

(e)

Significant risks and uncertainties

The Group participates in a dynamic industry and believes that changes in any of the following areas could have a material adverse effect on the Group’s future financial position, results of operations, or cash flows: net losses in the past and futures; price volatility of cryptocurrencies; mining difficulty adjustments and cost risks for Bitcoin mining; failure in launching new business; a significant or prolonged economic downturn; regulatory or other related factors; past and future acquisitions; failure to maintain an effective system of internal control over financial reporting and effective disclosure controls and procedures; risks associated with the Group’s ability to attract and retain employees necessary to support its growth; risks associated with the Group’s growth strategies; and general risks associated with the industry.

Fair value measurements

(f)

Fair value measurements

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The fair value for certain assets and liabilities such as cash and cash equivalents, USDT, prepayments and accounts payable have been determined to approximate carrying amounts due to short maturities of these instruments. The Group did not have any other financial assets and liabilities or nonfinancial assets and liabilities that are measured at fair value on recurring basis as of December 31, 2024 and 2025. The Group noted no transfers between levels during any of the periods presented.

Discontinued operations

(g)	Discontinued operations

A component of a reporting entity or a group of components of a reporting entity that are disposed or meet the criteria to be classified as held for sale, such as the management, having the authority to approve the action, commits to a plan to sell the disposal group, should be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. Discontinued operations are reported when a component of an entity comprising operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity is classified as held for disposal or has been disposed of, if the component either (1) represents a strategic shift or (2) have a major impact on an entity’s financial results and operations. Included in the consolidated statements of operations and comprehensive (loss) income, result from discontinued operations have been reported separately from the income and expenses from continuing operations and prior periods have been presented on a reclassified comparative basis. In order to present the financial effects of the continuing operations and discontinued operations, revenues and expenses arising from intra-group transactions are eliminated except for those revenues and expenses that are considered to continue after the disposal of the discontinued operations.

Due to the disposal of Blockchain Dynamics Limited together with its subsidiary, the disposal of One World, Global Travel together with its subsidiaries, and the disposal of Broad Cosmos and its Subsidiaries, which represented strategic shifts and had a major effect on the Company’s results of operations, revenues, costs and expenses related to the businesses have been reclassified in the accompanying consolidated financial statements as discontinued operations for all the periods presented.

Cash and cash equivalents

(h)	Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and highly liquid deposits which are unrestricted as to withdrawal or use, and which have original maturities of three months or less when purchased.

USDT

(i)

USDT

Cryptocurrencies are included in current assets in the accompanying consolidated balance sheets. Cryptocurrencies awarded to the Group through its mining activities are accounted for in connection with the Group’s revenue recognition policy disclosed below.

Cryptocurrencies held are accounted for as intangible assets with indefinite useful lives. An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value, which is measured using the quoted price of the cryptocurrency at the time its fair value is being measured in the Company’s principal market. In testing for impairment, the Group has the option to first perform a qualitative assessment to determine whether it is more likely than not that an impairment exists. If it is determined that it is not more likely than not that an impairment exists, a quantitative impairment test is not necessary. If the Group concludes otherwise, it is required to perform a quantitative impairment test. Gross impairments, net of subsequent realized gains on the sale and disposal of previously impaired crypto assets held are reflected in crypto asset impairment, net in the consolidated statements of operations. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted.

Cryptocurrencies awarded to the Group through its mining activities are included within operating activities on the accompanying consolidated statements of cash flows. The sales of cryptocurrencies are included within investing activities in the accompanying consolidated statements of cash flows and any realized gains or losses from such sales are included in other income (expense) in the consolidated statements of operations. The Group accounts for its gains or losses in accordance with the first in first out (FIFO) method of accounting.

USDT (Tether) are cryptocurrency-like crypto assets. The main difference between a stablecoin (such as Tether or USDC) and a cryptocurrency (such as Bitcoin) is that a stablecoin is designed to ensure that its value remains constant when compared to a particular currency. This could be because the stablecoin is backed by an amount of currency held on deposit at a particular bank or though mathematical formulae that aim to balance demand and supply. It is a type of digital asset which the Company holds to meet certain working capital requirements. The Company classifies USDT as a financial asset on the basis that one USDT can be redeemed for one US dollar from an issuer.

Prepayments

(j)	Prepayments

Prepayments are prepaid expenses paid to cryptocurrency miner suppliers. Management regularly reviews the aging of such balances and changes in payment and delivery trends and records losses when management believes the recovery of the prepaid amounts through receipt of the fixed assets is at risk. Prepayments deemed irrecoverable are written off against the allowance after all reasonable recovery efforts have been exhausted. As of December 31, 2025, the Group had recorded an impairment losses on prepayments of approximately $36.4 million.

Allowance for expected credit losses

(k)	Allowance for expected credit losses

The Group adopted ASC 326 Financial Instruments – Credit Losses using the modified retrospective approach through a cumulative-effect adjustment to accumulated deficit. Management used an expected credit loss model for the impairment of other current assets and non-current assets as of period ends. Management believes the aging of assets is a reasonable parameter to estimate expected credit loss, and determines expected credit losses for other current assets using an aging schedule as of period ends. The expected credit loss rates under each aging schedule were developed on basis of the average historical loss rates from previous years, and adjusted to reflect the effects of those differences in current conditions and forecasted changes. Management measured the expected credit losses of other current assets on a collective basis. When an other current assets does not share risk characteristics with other current assets, management will evaluate such other current assets for expected credit loss on an individual basis. For non-current assets such as security deposits, management assesses expected credit losses individually, given their unique risk characteristics and long-term nature. Doubtful accounts balances are written off and deducted from allowance, when receivables are deemed uncollectible, after all collection efforts have been exhausted and the potential for recovery is considered remote. The same write-off policy applies to both current and non-current financial assets.

Property and equipment, net

(l)	Property and equipment, net

Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:

Miners

3 years

Costs of repairs and maintenance are expensed as incurred and asset improvements that extend the useful life are capitalized. The gain or loss on disposal of property and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated income statement. When property and equipment are retired or otherwise disposed of the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period.

Impairment of long-lived assets

(m)	Impairment of long-lived assets

Long-lived assets held and used by the Group are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Group first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary.

The Group makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Group’s business strategy and its forecasts for specific market expansion.

As of December 31, 2025, the net carrying amount of long-lived assets consisted of miners of $90,926 for the continuing operations. The Group recognized nil, nil and $12,415,923 impairment loss during the years ended December 31, 2023, 2024 and 2025 for the continuing operations.

Warrants

(n)	Warrants

The Group accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815.

The assessment considers whether the warrants are freestanding financial instruments, meeting the definition of a liability under ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815. This includes determining whether the warrants are indexed to the Group’s own ordinary share and whether the warrant holders could potentially require net cash settlement in a circumstance outside of the Group’s control. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and is reassessed at each subsequent reporting date while the warrants are outstanding.

Warrants that meet all of the criteria for equity classification are recorded as a component of equity at fair value at the time of issuance and not subsequently remeasured. Warrants that do not meet the criteria for equity classification are recorded as liabilities, measured at fair value at issuance and subsequently remeasured to fair value at each reporting period, with changes in fair value recognized in earnings.

Revenue recognition

(o)	Revenue recognition

The Group adopted ASC Topic 606, “Revenue from Contracts with Customers”, applying the modified retrospective method. The adoption did not result in a material adjustment to the accumulated deficit.

In accordance with ASC Topic 606, revenues are recognized when control of the promised goods or services is transferred to the Group’s customers, in an amount that reflects the consideration the Group expects to be entitled to in exchange for those goods or services. In determining when and how much revenue is recognized from contracts with customers, the Group performs the following five-step analysis: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; (5) recognize revenue when (or as) the entity satisfies a performance obligation.

Cryptocurrency mining: The Group has entered into digital asset mining pools by executing contracts with the mining pool operator to provide computing power to the mining pool. In exchange for providing computing power, the Group is entitled to a fractional share of the fixed cryptocurrency award the mining pool operator receives for successfully adding a block to the blockchain. The Group’s fractional share is based on the proportion of computing power the Group contributed to the mining pool operator to the total computing power contributed by all mining pool participants in solving the current algorithm. Currently, the mining pool only mines Bitcoins. The total mining revenue for a given month is calculated as the sum of the daily Bitcoin revenues, where each day’s revenue is determined by multiplying the amount of Bitcoin mined on that day by the Bitcoin market closing price on the same day. From the total monthly revenue, the hosting fees and the maintenance fees will be deducted. The mining pool operator pays the resulting net amount in USDT (or such other mutually agreed stablecoin or fiat currency) on a quarterly basis to the wallet address designated in writing by the Group.

The provision of providing such computing power is the only performance obligation in the Group’s contracts with mining pool operators. The transaction consideration the Group receives, if any, is noncash consideration, which the Group measures at fair value on the date received, which is not materially different than the fair value at contract inception or the time the Group has earned the award from the pools. The consideration is all variable. Because it is not probable that a significant reversal of cumulative revenue will not occur, the consideration is constrained until the mining pool operator successfully places a block and the Group receives confirmation of the consideration it will receive, at which time revenue is recognized. There is no significant financing component in these transactions.

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU’) No. 2023-08, Intangibles – “Goodwill and Other - Crypto Assets (Topic 350-60): Accounting for and Disclosure of Crypto Assets” (ASU 2023-08”), which requires entities to measure crypto assets that meet specific criteria at fair value with changes recognized in net income each reporting period. Fair value of the cryptocurrency award received is determined using the quoted price of the related cryptocurrency at the time of receipt. Additionally, ASU 2023-08 requires an entity to present crypto assets measured at fair value separately from other intangible assets in the balance sheets and record changes from remeasurement of crypto assets separately from changes in the carrying amounts of other intangible assets in the income statement. The amendments also require that an entity provide disclosures about significant holdings, contractual sale restrictions, and changes during the reporting period. The Group has adopted this new guidance on January 1, 2025, and the adoption did not have a material effect on the Group’s consolidated financial statements and related disclosures.

On March 19, 2024, the Group suspended its cryptocurrencies mining business with the disposal of Blockchain Dynamics Limited and its subsidiary. On January 1, 2025, the Group resumed its cryptocurrency mining operations through the incorporation of Robust Achievement.

Cost of revenues

(p)	Cost of revenues

Cost of revenues consists primarily of the direct costs associated with running the cryptocurrency mining business, such as utilities, maintenance electricity costs, mining maintenance fees, depreciation expenses of mining equipment and other service charges. The Company signed hosting agreement with hosting partners, and the hosting partners will install the mining equipment and provide elective power, internet services and other necessary services to maintain the operation of the mining equipment. All the related operating fees are included in the all-in-one monthly fees charged by the hosting partner to the Company. Depreciation of cryptocurrency mining equipment is calculated separately and also recorded as a component of cost of revenues for cryptocurrency mining.

Foreign currency translation

(q)	Foreign currency translation

The functional and reporting currency of the Company and the Company’s subsidiaries domiciled in BVI and Hong Kong are the United States dollar (“U.S. dollar”). The financial records of the Company’s other subsidiaries located in the PRC are maintained in their local currency, the Renminbi (“RMB”), which are the functional currency of these entities.

Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the statements of operations.

The Group’s entities with functional currency of RMB translate their operating results and financial position into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Retained earnings and equity are translated using the historical rate. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income.

Income taxes

(r)	Income taxes

Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws and regulations applicable to the Group as enacted by the relevant tax authorities.

The impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authorities. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Additionally, the Group classifies the interest and penalties, if any, as a component of the income tax expense. According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB 100 thousand. In the case of transfer pricing issues, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion. According to Hong Kong Inland Revenue Department, the statute of limitation is six years if any company chargeable with tax has not been assessed or has been assessed at less than the proper amount, the statute of limitation is extended to 10 years if the underpayment of taxes is due to fraud or willful evasion.

The Group evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of December 31, 2025, the Group had no uncertain tax positions that if recognized would affect the annual effective tax rate.

The Group is not currently under examination by any income taxing authority, nor has it been notified of an impending examination. As of December 31, 2025, income tax returns of the discontinued operations in PRC for the tax years ended December 31, 2019 through December 31, 2024 remain open for statutory examination.

Share-based payments

(s)	Share-based payments

Share-based payment transactions with employees are measured based on the grant date fair value of the equity instrument issued, and recognized as compensation expenses over the requisite service periods based on a straight-line method, with a corresponding impact reflected in additional paid-in capital.

Share-based payment transactions with non-employees are measured based on the fair value of the options on the measurement date as of each reporting date and recognized as expense over the requisite service periods on a straight-line method subject to adjustments in fair value, with a corresponding impact reflected in additional paid-in capital.

Comprehensive (loss) income

(t)	Comprehensive (loss) income

Comprehensive (loss) income includes net (loss) income and foreign currency translation adjustments and is presented net of tax. The tax effect is nil for the years ended December 31, 2023, 2024 and 2025 in the consolidated statements of comprehensive (loss) income.

Concentration of credit risk

(u)	Concentration of credit risk

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents and USDT. The Group places their cash and cash equivalents with financial institutions with high-credit rating and quality in China. The USDTs are stored at the Company’s wallet addresses. The Company has no reason to believe it will incur any theft or loss because (i) it has no known or historical experience of claims to use as a basis of measurement, (ii) it accounts for and continually verifies the amount of crypto assets within its control, and (iii) it has established security around custodial product private keys to minimize the risk of theft or loss.

Net income (loss) per share

(v)	Net income (loss) per share

Basic net income (loss) per share is computed by dividing net income (loss) attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the year. Diluted net income (loss) reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares. Potential common shares in the diluted net income (loss) per share computation are excluded in periods of losses, as their effect would be anti-dilutive.

Recently adopted/issued accounting standards

(w)	Recently adopted/issued accounting standards

In December 2023, the FASB issued ASU 2023-08, “Intangibles — Goodwill and Other — Crypto Assets (Topic 350-60): Accounting for and Disclosure of Crypto Assets” (“ASU 2023-08”), which requires entities to measure crypto assets that meet specific criteria at fair value with changes recognized in net income each reporting period. Additionally, ASU 2023-08 requires an entity to present crypto assets measured at fair value separately from other intangible assets in the balance sheets and record changes from remeasurement of crypto assets separately from changes in the carrying amounts of other intangible assets in the income statement. The amendments also require that an entity provide disclosures about significant holdings, contractual sale restrictions, and changes during the reporting period. The objectives of the amendments are to provide investors and other capital allocators with more decision-useful information that better reflects the underlying economics of crypto assets within the scope and an entity’s financial position while reducing cost and complexity associated with applying cost-less-impairment accounting. The Company adopted ASU 2023-08 on January 1, 2025, and applied the amendments retrospectively to all prior periods presented in these consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign), and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. The Company adopted ASU 2023-09 on January 1, 2025, and applied the amendments retrospectively to all prior periods presented in these consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses (“ASU 2024-03”). ASU 2024-03 is intended to provide users of financial statements with more decision-useful information about expenses of a public business entity, primarily through enhanced disclosures of certain components of expenses commonly presented within captions on the statement of operations, such as employee compensation and depreciation and amortization, as well as a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. ASU 2024-03 also requires disclosure of the total amount of selling expenses. ASU 2024-03 is effective prospectively or retrospectively for the Company for its fiscal year beginning January 1, 2027 and for interim periods beginning January 1, 2028, with early adoption permitted. The Company is currently assessing ASU 2024-03 and its impact on its disclosures.

In March 2025, the FASB issued ASU No. 2025-02, “Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122” (“ASU 2025-02”), which rescinds the embedded SEC guidance in Topic S-99-1 of ASC 450 related to obligations to safeguard crypto assets under SAB 121. The amendments require entities with obligations to safeguard crypto assets to assess whether a contingent liability exists under ASC 450-20, “Loss Contingencies.” This guidance is effective for annual periods beginning after December 15, 2024, including interim periods, with early adoption permitted. The Company adopted ASU 2025-02 on January 1, 2025, and the adoption did not have a material effect on the Company’s consolidated financial statements.

Except as mentioned above, the Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of operations and comprehensive (loss) income and statements of cash flows.

Segment reporting

(x)	Segment reporting

ASC 280, Segment Reporting, (“ASC 280”), establishes standards for companies to report in their financial statements information about operating segments, products, services, geographic areas, and major customers. Based on the criteria established by ASC 280, the chief operating decision maker (“CODM”) has been identified as the Group’s Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which enhances disclosure requirements under Topic 280, including the title and position of the CODM, significant segment expenses provided to the CODM, expansion of certain annual disclosures to interim periods, clarification that single reportable segment entities must apply ASC 280 in full, and permission to report more than one measure of segment profit or loss in certain circumstances. The Company adopted ASU 2023-07 on January 1, 2024, and applied the amendments retrospectively to all prior periods presented.

As a whole, the Group has one reportable segment. The Group does not distinguish between markets or segments for the purpose of internal reporting. As the Group primarily generates mining revenue by providing computing power to mining pools to mine Bitcoin, no geographical segments are presented. For the years ended December 31, 2023,2024 and 2025, the reportable segment revenue, segment profit or loss and significant segment expenses are the same as consolidated statement of operations and comprehensive income (loss).

Reclassification

(y)	Reclassification

Certain prior year amounts have been reclassified to conform to the current year of discontinued operations presentation. These reclassifications have no effect on the accompanying statements of operations and cash flows.

Commitments and Contingencies (Details)	Dec. 31, 2025 USD ($)
Commitments and Contingencies [Abstract]
Material purchase commitments

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Schedule of Loss Before Income Taxes

The components of the Company’s loss before income taxes for the years ended December 31, 2023, 2024 and 2025 are as follows:

	For the years ended December 31,
	2023			2024			2025

Domestic (Cayman Islands)	$	(523	)	$	(2,326	)	$	(26,385	)
Federal		—			—			(397	)
Foreign		—			—			(52,163	)
Total loss before income taxes	$	(523	)	$	(2,326	)	$	(78,945	)

Schedule of Provision for Income Taxes

A reconciliation of the statutory income tax rate to the Company’s effective income tax rate for the years ended December 31, 2023, 2024 and 2025 is as follows:

	For the years ended December 31,
	2023				2024				2025
	Amount		Percent		Amount		Percent		Amount			Percent
Income tax expense at Cayman statutory rate	$	—		—	$	—		—	$	—			—
Foreign tax rate differences		—		—		—		—		(4,387	)		5.56	%
Valuation allowance changes		—		—		—		—		4,386			(5.56	)%
Nondeductible expenses		—		—		—		—		1			—
Total tax provision and effective tax rate	$	—		—	$	—		—	$	—			—

Schedule of Deferred Income Tax Assets

The principal components of the Company’s deferred income tax assets are as follows:

	As of December 31,		As of December 31,
	2024		2025
Deferred tax assets:
Net operating loss carryforwards	$	—	$	4,386
Valuation allowance		—		(4,386	)
Total deferred tax assets, net	$	—	$	—

Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2025

Net Income (Loss) Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

9.	NET INCOME (LOSS) PER SHARE

On November 30, 2022, with the approval of shareholder meeting, the Company consolidated every forty of the authorized (whether issued or unissued) shares of each class of par value of US$0.001 each in the capital of the Company into one share of the same class of par value of US$0.04 each (the “Share Consolidation”). Upon the Share Consolidation, the ratio of its American Depositary Receipts representing ordinary shares (“ADS”) of the Company will be amended from one ADS representing ten (10) ordinary shares of the Company to one (1) ADS representing one (1) ordinary share of the Company. Following and as a result of the Share Consolidation, the authorized share capital of the Company will be US$1,000,000 divided into 22,500,000 ordinary shares of a nominal or par value of US$0.04 each and 2,500,000 preferred shares of a nominal or par value of US$0.04 each.

On May 2, 2024, the authorized share capital of the Company increased from US$1,000,000 divided into 22,500,000 ordinary shares of a nominal or par value of US$0.04 each and 2,500,000 preferred shares of a nominal or par value of US$0.04 each to US$40,000,000 divided into 900,000,000 ordinary shares of a nominal or a par value of US$0.04 each and 100,000,000 preferred shares of a nominal or par value of US$0.04 each, by the creation of an additional 877,500,000 ordinary shares with a par value of US$0.04 each and 97,500,000 preferred shares with a par value of US$0.04 each.

On September 3, 2025, the Company held an extraordinary general meeting of shareholders where the shareholders approved the proposed reverse share split and share consolidation of the Company’s authorized and issued share capital (Share Consolidation”). The Share Consolidation at a ratio of one-for-one hundred (1:100) was effective on November 14, 2025. Following the Share Consolidation, the par value of each Class A and Class B ordinary share was changed from US$0.04 to US$4.00 with corresponding adjustment to the number of authorized shares, while shareholders’ ownership and voting interests remained unchanged except for fractional shares rounded up.

All share and per share data as of December 31, 2023, 2024 and 2025 and for the years ended December 31, 2023, 2024 and 2025 are presented on a retroactive basis.

Equity - Schedule of Warrant Activity (Details) - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Class of Warrant or Right [Line Items]
Warrants Outstanding, Balance	353,070
Exercisable Shares, Balance	353,070
Weighted Average Exercise Price, Balance (in Dollars per share)	$ 334.05
Average Remaining Contractual Life, Balance	4 years 7 months 28 days
Warrants Outstanding, Granted/Acquired		4,448,262
Exercisable Shares, Granted/Acquired		4,448,262
Weighted Average Exercise Price, Granted/Acquired (in Dollars per share)		$ 334.05
Average Remaining Contractual Life, Granted/Acquired		5 years
Warrants Outstanding, Exercised		(4,095,192)
Exercisable Shares, Exercised		(4,095,192)
Weighted Average Exercise Price, Exercised (in Dollars per share)
Average Remaining Contractual Life, Exercised

USDT (Tables)

12 Months Ended

Dec. 31, 2025

USDT [Abstract]

Schedule of Cryptocurrency Mining Activities of Bitcoin

The following table presents additional information about our cryptocurrency mining activities of Bitcoin (“BTC”) paid in USDT amounts during the year ended December 31, 2025:

Balance on January 1, 2025	$	—
Revenue recognized from cryptocurrencies mined		28,151
Hosting fees settled in cryptocurrencies		(19,666	)
Miners purchased with cryptocurrencies		(8,204	)
Cryptocurrencies received from disposal of subsidiaries		4,096
Cryptocurrencies held by the mining host		(1,131	)
Balance on December 31, 2025	$	3,246

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2025

Property and Equipment, Net [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net, consist of the following:

	As of December 31,		As of December 31,
	2024		2025
Miners	$	24,278	$	112,543
Less: accumulated depreciation		—		(9,201	)
Less: impairment		—		(12,416	)
Total property and equipment, net	$	24,278	$	90,926

Discontinued Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 11, 2025	Aug. 31, 2024	Mar. 19, 2024
Unrelated Third Party [Member]
Discontinued Operations [Line Items]
Disposed for exchange value	$ 1
Mr. Herman Man Guo [Member]
Discontinued Operations [Line Items]
Ordinary shares (in Shares)			1,307,229
Ordinary share par value (in Dollars per share)			$ 0.04
Mr. Jiang Hao [Member]
Discontinued Operations [Line Items]
Disposed for exchange value		$ 1

Share Based Payments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2012	Sep. 03, 2025	Mar. 20, 2024
Share Based Payments [Line Items]
Intrinsic value of options exercised
Share-based compensation		266		$ 5
Unvested share options granted
Dividend yield		0.00%
Granted options (in Shares)
Ordinary shares issued for share based compensation (in Shares)	1,200,000
Ordinary shares issued for share based compensation	$ 1,332			$ 5
Price per share (in Dollars per share)								$ 1.1
Restricted Shares [Member]
Share Based Payments [Line Items]
Granted share options (in Shares)							4,679,322
Stock Option [Member]
Share Based Payments [Line Items]
Intrinsic value of options exercised
Share-based compensation		$ 666	$ 518
Granted options (in Shares)
2012 Share Incentive Plan [Member]
Share Based Payments [Line Items]
Granted share options (in Shares)						6,000,000
Expire date of grant date						5 years

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

CURRENT ASSETS

Cash and cash equivalents

$ 999

$ 2

USDT

3,246

Prepayments

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

Total assets

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)

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).

Income Taxes (Details) $ in Thousands, $ in Millions	12 Months Ended
Income Taxes (Details) $ in Thousands, $ in Millions	Dec. 31, 2025 USD ($)	Dec. 31, 2025 HKD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023
Income Taxes [Line Items]
Assessable profits rate
Federal income taxes
Net operating losses carry forward (in Dollars)	$ 4,386
Valuation allowance (in Dollars)	$ 3,400
Percentage valuation allowance	(5.56%)	(5.56%)
Inland Revenue, Hong Kong [Member]
Income Taxes [Line Items]
Assessable profit to determine applicable tax rate (in Dollars)		$ 2.0
Domestic Tax Jurisdiction [Member]
Income Taxes [Line Items]
Federal income taxes	21.00%	21.00%
US Subsidiaries [Member]
Income Taxes [Line Items]
Net operating losses carry forward (in Dollars)			$ 3,400
HK Subsidiaries [Member]
Income Taxes [Line Items]
Net operating losses carry forward (in Dollars)
U.S. and HK [Member]
Income Taxes [Line Items]
Percentage valuation allowance	100.00%	100.00%
Maximum [Member] \| Inland Revenue, Hong Kong [Member]
Income Taxes [Line Items]
Assessable profits rate	8.25%	8.25%
Minimum [Member] \| Inland Revenue, Hong Kong [Member]
Income Taxes [Line Items]
Assessable profits rate	7.50%	7.50%
Unincorporated Businesses [Member]
Income Taxes [Line Items]
Assessable profit to determine applicable tax rate (in Dollars)		$ 2.0
Assessable profits rate	15.00%	15.00%
Corporations [Member]
Income Taxes [Line Items]
Assessable profits rate	16.50%	16.50%
Yueda [Member]
Income Taxes [Line Items]
Net operating losses carry forward (in Dollars)	$ 4,400

Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2025

Other Current Assets, Net [Abstract]

Schedule of Other Current Assets

Other current assets consist of the following:

	As of December 31,		As of December 31,
	2024		2025
Receivable from a third party	$	15	$	1,131
Receivable from disposal of subsidiaries (i)		4,096		—
Total	$	4,111	$	1,131

(i)

On August 31, 2024, the Company resolved to dispose One World, Global Travel and its subsidiaries to a third party (the ‘Transferee”) for exchange of $1 due to loss of control. For the internal transactions between the Company and its subsidiaries in the amount of $4,096, the Transferee shall pay to the Company the total sum of $4,096, or its equivalent in any for (including cash, funds, or goods). The Company received the full repayment in USDT from the Transferee in April 2025.

Related Party Transactions (Details) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Mar. 19, 2024

Dec. 31, 2025

Sep. 03, 2025

Dec. 31, 2024

Consideration of ordinary shares (in Shares)

^[1]

156,399

Aaggregate cash compensation paid

$ 0.2

Mr. Herman Man Guo [Member]

Par value per share (in Dollars per share)

$ 0.04

Fair value of the share transaction

$ 1.6

Loss on disposal recognized

$ 1.4

Common Stock [Member]

Consideration of ordinary shares (in Shares)

1,307,229

Par value per share (in Dollars per share)

$ 3.3405

Common Stock [Member] | Share Consolidation [Member]

Consideration of ordinary shares (in Shares)

13,073

[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).

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

+ Details

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]

Revenues

$ 28,151

Cost of revenues

28,867

Gross loss

(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

(47)

Other income (expense), net

(520)

Impairment of long-lived assets

(12,416)

Realized loss on sale/exchange of cryptocurrencies

(21,468)

Total other income (expenses), net

(33,883)

(567)

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

Net loss

(28,053)

(13,648)

(194)

Less: Net income attributable to non-controlling interests

380

Net loss attributable to Yueda Digital Holding

(28,056)

(13,651)

(574)

Net loss

(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

(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).

Discontinued Operations - Schedule of Assets and Liabilities of the Discontinued Operations (Details) - USD ($) $ in Thousands					12 Months Ended
	Sep. 03, 2025	Dec. 31, 2024	Aug. 31, 2024	Mar. 19, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Assets and Liabilities of the Discontinued Operations [Abstract]
Cash and cash equivalents	$ 71	$ 111	$ 4,327	$ 20		$ 111
Other current assets	21,329	21,731	24,295	4,546		21,731
Noncurrent assets	9,604	9,987	4,028			9,987
Total assets of discontinued operations	31,004	31,829	32,650	4,566		31,829
Accrued expenses and other current liabilities	79,474	78,245	778	294		78,245
Amounts due to related parties	3,753	3,631	33,479	1,256		3,631
Total liabilities of discontinued operations	83,227	81,876	34,257	1,550		81,876
Total net assets	(52,223)	(50,047)	(1,607)	3,016		(50,047)
Total debts of discontinued operations waived by the Company	52,223		1,607
Less: Carrying amount of non-controlling interests disposed	(32,930)
Add: Reclassification of AOCI on disposal	31,789
Total consideration received				1,569
Gain/Loss on sale of discontinued operations, net of income tax	$ 51,082			$ 1,447	$ (190)	$ (11,322)	$ 329

Organization and Principal Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Jun. 11, 2025
Organization and Principal Activities [Abstract]
Date of incorporation	Apr. 12, 2007
Cash consideration		$ 1

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 45
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477796/946-210-45-21

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-SubTopic 210
-Topic 946
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477796/946-210-45-20

+ Details

Organization and Principal Activities - Schedule of Company’s Subsidiaries (Details)	12 Months Ended
	Dec. 31, 2025
AirNet Technolog Ohio Inc. (“AirNet Ohio”) [Member]
Schedule of Company’s Subsidiaries [Line Items]
Date of incorporation/ acquisition	Feb. 06, 2025
Place of incorporation	United States
Percentage of legal ownership	100.00%
Robust achievement Limited (“Robust achievement”) [Member]
Schedule of Company’s Subsidiaries [Line Items]
Date of incorporation/ acquisition	Mar. 05, 2025
Place of incorporation	Hong Kong
Percentage of legal ownership	100.00%

Consolidated Balance Sheets (Parentheticals) - $ / shares

Dec. 31, 2025

Dec. 31, 2024

Common stock, par value per share (in Dollars per share)

^[1]

$ 0.04

Common stock, shares authorized (in Shares)

^[1]

9,000,000

Common stock, shares issued (in Shares)

^[1]

156,399

Common stock, shares outstanding (in Shares)

^[1]

143,326

Treasury stock, shares (in Shares)

13,073

Class A Ordinary Shares

Common stock, par value per share (in Dollars per share)

$ 4

Common stock, shares authorized (in Shares)

^[2]

9,000,000

Common stock, shares issued (in Shares)

^[1]

5,542,262

Common stock, shares outstanding (in Shares)

^[1]

5,529,189

Class B Ordinary Shares

Common stock, par value per share (in Dollars per share)

^[1]

$ 4

Common stock, shares authorized (in Shares)

^[1]

1,000,000

Common stock, shares issued (in Shares)

^[1]

Common stock, shares outstanding (in Shares)

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

Income Taxes - Schedule of Deferred Income Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets:
Net operating loss carry forwards	$ 4,386
Valuation allowance	(4,386)
Total deferred tax assets, net

Property and Equipment, Net

12 Months Ended

Dec. 31, 2025

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

6.	PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consist of the following:

	As of December 31,		As of December 31,
	2024		2025
Miners	$	24,278	$	112,543
Less: accumulated depreciation		—		(9,201	)
Less: impairment		—		(12,416	)
Total property and equipment, net	$	24,278	$	90,926

Depreciation expense for the years ended December 31, 2023, 2024 and 2025 were nil, nil and $9,201, respectively, for the continuing operations. Impairment loss recorded for the years ended December 31, 2023, 2024 and 2025 were nil, nil and $12,416 for the continuing operations.

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Schedule of Property and Equipment, Net [Line Items]
Less: accumulated depreciation	$ (9,201)
Less: impairment	(12,416)
Total property and equipment, net	90,926	24,278
Miners [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	$ 112,543	$ 24,278

Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2025

Accrued Expenses and Other Current Liabilities [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

7.	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the follows:

	As of December 31,		As of December 31,
	2024		2025
Accrued payroll and welfare	$	30	$	—
Other tax payable		4		—
Other current liabilities		316		—
Total	$	350	$	—

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies [Abstract]

Schedule of Calculation of Depreciation on a Straight-Line Basic

Depreciation is calculated on a straight-line basis over the following estimated useful lives:

Miners

3 years

Share Based Payments - Schedule of Stock Option Activities (Details) - Equity Option [Member] - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Stock Option Activities [Line Items]
Number of options,balance (in Shares)	384,968	6,540,000	6,540,000
Weighted average exercise price per option, balance	$ 0.24	$ 0.44	$ 0.44
Weighted average grant-date fair value, balance	$ 0.35	$ 0.35	$ 0.35
Weighted average remaining contractual terms, balance		1 year	1 year 6 months 10 days
Aggregate intrinsic value, balance (in Dollars)
Number of options, Granted (in Shares)
Weighted average exercise price per option, Granted
Weighted average grant-date fair value, Granted
Aggregate intrinsic value, Granted (in Dollars)
Number of options, Exercised (in Shares)
Weighted average exercise price per option, Exercised
Weighted average grant-date fair value, Exercised
Aggregate intrinsic value, Exercised (in Dollars)
Number of options, Forfeited (in Shares)
Weighted average exercise price per option, Forfeited
Weighted average grant-date fair value, Forfeited
Aggregate intrinsic value, Forfeited (in Dollars)
Number of options, Expired (in Shares)	(384,968)	(6,155,032)
Weighted average exercise price per option, Expired	$ 0.24	$ 0.44
Weighted average grant-date fair value, Expired	$ 0.35	$ 0.35
Aggregate intrinsic value, Expired (in Dollars)
Number of options, ending balance (in Shares)		384,968	6,540,000
Weighted average exercise price per option, balance		$ 0.24	$ 0.44
Weighted average grant-date fair value, balance		$ 0.35	$ 0.35
Aggregate intrinsic value, balance (in Dollars)

Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Provision for Income Taxes [Abstract]
Income tax expense at Cayman statutory rate, Amount
Income tax expense at Cayman statutory rate, Percent
Foreign tax rate differences, Amount	$ (4,387)
Foreign tax rate differences, Percent	5.56%
Valuation allowance changes, Amount	$ 4,386
Valuation allowance changes, Percent	(5.56%)
Nondeductible expenses, Amount	$ 1
Nondeductible expenses, Percent
Total tax provision and effective tax rate, Amount
Total tax provision and effective tax rate, Percent

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)

Basis of presentation

(b)

Going concern

(c)

Basis of consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiaries. All inter-company transactions and balances have been eliminated upon consolidation.

(d)

Use of estimates

(e)

Significant risks and uncertainties

(f)

Fair value measurements

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

(g)	Discontinued operations

(h)	Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and highly liquid deposits which are unrestricted as to withdrawal or use, and which have original maturities of three months or less when purchased.

(i)

USDT

(j)	Prepayments

(k)	Allowance for expected credit losses

(l)	Property and equipment, net

Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:

Miners

3 years

(m)	Impairment of long-lived assets

(n)	Warrants

(o)	Revenue recognition

(p)	Cost of revenues

(q)	Foreign currency translation

(r)	Income taxes

(s)	Share-based payments

(t)	Comprehensive (loss) income

(u)	Concentration of credit risk

(v)	Net income (loss) per share

(w)	Recently adopted/issued accounting standards

(x)	Segment reporting

(y)	Reclassification

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Accrued Expenses and Other Current Liabilities [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the follows:

	As of December 31,		As of December 31,
	2024		2025
Accrued payroll and welfare	$	30	$	—
Other tax payable		4		—
Other current liabilities		316		—
Total	$	350	$	—

Equity (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Schedule of Warrant Activity

The summary of warrant activity is as follows, giving retroactive effect to the 1-to-100 Reverse Share Consolidation effected on November 14, 2025:

							Weighted		Average
							Average		Remaining
	Warrants			Exercisable			Exercise		Contractual
	Outstanding			Shares			Price		Life
December 31, 2024		—			—		$	—		—
Granted/Acquired		4,448,262			4,448,262		$	334.05		5
Exercised		(4,095,192	)		(4,095,192	)	$	—		—
December 31, 2025		353,070			353,070		$	334.05		4.66

Subsequent Events (Details) - Forecast [Member] $ in Millions	Apr. 06, 2026 USD ($)
Subsequent Events [Line Items]
Number of miners under terminated delivery obligation	57,241
Refund receivable amount	$ 206.0
Termination fee recognized loss	$ 36.4

Summary of Significant Accounting Policies - Schedule of Calculation of Depreciation on a Straight-Line Basic (Details)	Dec. 31, 2025
Schedule of Calculation of Depreciation on a Straight-Line Basic [Abstract]
Miners	3 years

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Auditor [Table]
Auditor Name	Assentsure PAC
Auditor Firm ID	6783
Auditor Location	Singapore
Auditor Opinion [Text Block]	Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Yueda Digital Holding and its subsidiaries (collectively, the Company) as of December 31, 2025 and 2024, and the related consolidated statements of income and comprehensive income, shareholders’ equity, and cash flows, for each of the two years in the period ended December 31, 2025, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2025 and 2024, and the consolidated results of its operations and its cash flows for each of the two years in the period ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

Share Based Payments

12 Months Ended

Dec. 31, 2025

Share Based Payments [Abstract]

SHARE BASED PAYMENTS

10.	SHARE BASED PAYMENTS

Share incentive plan

In 2012 the Group created the 2012 Share Incentive Plan (the “Plan”) which provides for 6,000,000 ordinary shares options to be granted to employees and directors. Share options under this Plan may vest over a service period, performance condition or market condition, as specified in each award. Share options generally expire 5 years from the grant date. The Group has extended the expiration date of its outstanding options to December 31, 2025.

The following summary of stock option activities for the years ended December 31, 2023, 2024 and 2025:

	Outstanding Options
				Weighted				Weighted
				average		Weighted		average
				exercise		average		remaining		Aggregate
	Number of			price		grant-date		contractual		intrinsic
	options			per option		fair value		terms		value
Outstanding as of January 1, 2023		6,540,000		$	0.44	$	0.35		1.53		—
Granted		—			—		—		—		—
Exercised		—			—		—		—		—
Forfeited		—			—		—		—		—
Expired		—			—		—		—		—

Outstanding as of December 31, 2023		6,540,000		$	0.44	$	0.35		1.53		—
Granted		—			—		—		—		—
Exercised		—			—		—		—		—
Forfeited		—			—		—		—		—
Expired		(6,155,032	)	$	0.44	$	0.35		—		—

Outstanding as of December 31, 2024		384,968		$	0.24	$	0.35		1.00	$	—
Granted		—			—		—		—		—
Exercised		—			—		—		—		—
Forfeited		—			—		—		—		—
Expired		(384,968	)	$	0.24	$	0.35		—		—

Outstanding as of December 31, 2025		—			—		—		—	$	—

On September 3, 2025, the extraordinary general meeting of shareholders approved the 2025 Equity Incentive Plan of the Company, under which the Company is authorized to deliver an aggregate of 4,679,322 restricted shares to eligible directors, officers, managers, employees, consultants and advisors (and prospective directors, officers, managers, employees, consultants and advisors) of the Company from time to time.

The total intrinsic value of options exercised during the years ended December 31, 2023, 2024 and 2025 was all nil. The Group recorded share-based compensation of $5, nil and $266 for the years ended December 31, 2023, 2024 and 2025, respectively. The total unrecognized compensation expense related to unvested share options granted as of December 31, 2025 was nil.

(1)

Volatility

The volatility of the underlying ordinary shares during the life of the options was estimated based on the historical stock price volatility of the Company’s ordinary shares and listed shares of comparable companies over a period comparable to the expected term of the options. From March 2011, the volatility was estimated based on the historical volatility of the Company’s share price as the Company has accumulated sufficient history of stock price for a period comparable to the expected term of the options.

(2)

Risk-free rate

Risk-free rate is based on yield of US Treasury bill as of valuation date with maturity date close to the expected term of the options.

(3)

Expected term

The expected term is estimated based on a consideration of factors including the original contractual term and the vesting term.

(4)

Dividend yield

The dividend yield was estimated by the Group based on its expected dividend policy over the expected term of the options. The Group has no plan to pay any dividend in the foreseeable future. Therefore, the Group considers the dividend yield to be zero.

(5)

Exercise price

The exercise price of the options was determined by the Group’s Board of Directors.

(6)

Fair value of underlying ordinary shares

The closing market price of the ordinary shares of the Company as of the grant/modification date was used as the fair value of the ordinary shares on that date.

No options were granted during 2022 to 2025.

Ordinary shares issued for services

In March 2024, the Group granted an aggregate of 1,200,000 ordinary shares with a fair value of $1,332, determined using the closing price of $1.1 on March 20, 2024, to one service provider. The value of these shares is being amortized over the service period of two years starting from April 1, 2024. During the years ended December 31, 2023, 2024 and 2025, the Group recorded nil, $518 and $666 share-based compensation expense related to services, respectively.

Share Based Payments (Tables)

12 Months Ended

Dec. 31, 2025

Share Based Payments [Abstract]

Schedule of Stock Option Activities

The following summary of stock option activities for the years ended December 31, 2023, 2024 and 2025:

	Outstanding Options
				Weighted				Weighted
				average		Weighted		average
				exercise		average		remaining		Aggregate
	Number of			price		grant-date		contractual		intrinsic
	options			per option		fair value		terms		value
Outstanding as of January 1, 2023		6,540,000		$	0.44	$	0.35		1.53		—
Granted		—			—		—		—		—
Exercised		—			—		—		—		—
Forfeited		—			—		—		—		—
Expired		—			—		—		—		—

Outstanding as of December 31, 2023		6,540,000		$	0.44	$	0.35		1.53		—
Granted		—			—		—		—		—
Exercised		—			—		—		—		—
Forfeited		—			—		—		—		—
Expired		(6,155,032	)	$	0.44	$	0.35		—		—

Outstanding as of December 31, 2024		384,968		$	0.24	$	0.35		1.00	$	—
Granted		—			—		—		—		—
Exercised		—			—		—		—		—
Forfeited		—			—		—		—		—
Expired		(384,968	)	$	0.24	$	0.35		—		—

Outstanding as of December 31, 2025		—			—		—		—	$	—

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Aug. 31, 2024
Schedule of Other Current Assets [Line Items]
Total	$ 1,131	$ 4,111	$ 4,096
Receivable from a third party [Member]
Schedule of Other Current Assets [Line Items]
Total	1,131	15
Receivable from disposal of subsidiaries [Member]
Schedule of Other Current Assets [Line Items]
Total		$ 4,096

Organization and Principal Activities (Tables)

12 Months Ended

Dec. 31, 2025

Organization and Principal Activities [Abstract]

Schedule of Company’s Subsidiaries

As of issuance date of this report, details of the Company’s subsidiaries are as follows:

	Date of			Percentage
	incorporation/		Place of	of legal
Name	acquisition		incorporation	ownership

AirNet Technolog Ohio Inc. (“AirNet Ohio”)		February 6, 2025	United States		100
Robust achievement Limited (“Robust achievement”)		March 5, 2025	Hong Kong		100

Property and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property and Equipment, Net [Abstract]
Depreciation expense	$ 9,201
Impairment loss	$ 12,416

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Schedule of Accrued Expenses and Other Current Liabilities [Abstract]
Accrued payroll and welfare		$ 30
Other tax payable		4
Other current liabilities		316
Total		$ 350

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Other Current Assets

12 Months Ended

Dec. 31, 2025

Other Current Assets, Net [Abstract]

OTHER CURRENT ASSETS

5.	OTHER CURRENT ASSETS

Other current assets consist of the following:

	As of December 31,		As of December 31,
	2024		2025
Receivable from a third party	$	15	$	1,131
Receivable from disposal of subsidiaries (i)		4,096		—
Total	$	4,111	$	1,131

(i)

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

INCOME TAXES

8.	INCOME TAXES

Yueda is a tax-exempted company incorporated in the Cayman Islands.

Robust achievement is subject to Hong Kong tax law. According to Tax (Amendment) (No. 3) Ordinance 2018 published by Hong Kong government, form April 1, 2018, under the two-tiered profits tax rates regime, the profits tax rate for the first HK$2.0 million of assessable profits will be lowered to 8.25% (half of the rate specified in Schedule 8 to the Inland Revenue Ordinance (IRO)) for corporations and 7.5% (half of the standard rate) for unincorporated businesses (mostly partnerships and sole proprietorships). Assessable profits above HK$2.0 million will continue to be subject to the rate of 16.5% for corporations and standard rate of 15% for unincorporated businesses. No provision for Hong Kong profits tax was made as we had no estimated assessable profit that was subject to Hong Kong profits tax during the years ended December 31, 2024 and 2025.

AirNet Ohio is incorporated in the U.S. and is subject to federal income taxes for its business operation in the U.S. The applicable tax rate is 21% for federal and tax-exempted for state. AirNet Ohio had no taxable income during the year ended December 31, 2025.

The components of the Company’s loss before income taxes for the years ended December 31, 2023, 2024 and 2025 are as follows:

	For the years ended December 31,
	2023			2024			2025

Domestic (Cayman Islands)	$	(523	)	$	(2,326	)	$	(26,385	)
Federal		—			—			(397	)
Foreign		—			—			(52,163	)
Total loss before income taxes	$	(523	)	$	(2,326	)	$	(78,945	)

The Company did not incur any current or deferred tax expense for the years ended December 31, 2023, 2024, and 2025. All components of income tax expense, including domestic, federal and foreign were nil for each of the years presented. Accordingly, total income tax expense from continuing operations was nil for all years disclosed.

A reconciliation of the statutory income tax rate to the Company’s effective income tax rate for the years ended December 31, 2023, 2024 and 2025 is as follows:

	For the years ended December 31,
	2023				2024				2025
	Amount		Percent		Amount		Percent		Amount			Percent
Income tax expense at Cayman statutory rate	$	—		—	$	—		—	$	—			—
Foreign tax rate differences		—		—		—		—		(4,387	)		5.56	%
Valuation allowance changes		—		—		—		—		4,386			(5.56	)%
Nondeductible expenses		—		—		—		—		1			—
Total tax provision and effective tax rate	$	—		—	$	—		—	$	—			—

The principal components of the Company’s deferred income tax assets are as follows:

	As of December 31,		As of December 31,
	2024		2025
Deferred tax assets:
Net operating loss carryforwards	$	—	$	4,386
Valuation allowance		—		(4,386	)
Total deferred tax assets, net	$	—	$	—

As of December 31, 2024 and 2025, the Company had net operating loss carryforwards of approximately $3.4 million from its U.S. and Hong Kong subsidiaries (indefinite carryforward period). No net operating losses were available from Cayman jurisdiction. The valuation allowance increased by $3.4 million during the year. Management assessed positive evidence (e.g., capital raises, commencement of mining operations) and negative evidence (history of losses, limited operating history, Bitcoin price volatility). Given the uncertainty of generating sufficient taxable income in the near term, a full valuation allowance continues to be recorded against the deferred tax assets.

Due to the limited operating history of the U.S. and HK subsidiaries, the Company is uncertain when these net operating losses can be utilized. As a result, the Company provided a 100% allowance on deferred tax assets on net operating losses of nil and approximately $4.4 million related to its U.S. and HK subsidiaries as of December 31, 2025.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 12B
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 13
-Publisher FASB
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Cybersecurity Risk Management and Strategy Disclosure

12 Months Ended

Dec. 31, 2025

Cybersecurity Risk Management, Strategy, and Governance [Line Items]

Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

Cybersecurity Risk Management and Strategy

To maintain a consistently high level of service experience for our customers, preserve the confidentiality, integrity, and availability of our information systems, safeguard our assets, data, intellectual property and network infrastructure, while meeting regulatory requirements, it is crucial to effectively manage cybersecurity risks. To achieve this, we have implemented a comprehensive cybersecurity risk management framework, which is integrated in our overall enterprise risk management system and processes and is internally managed.

Our dedicated cybersecurity staff is tasked with assessing, identifying and managing risks related to cybersecurity threats and, under the leadership of our head of cybersecurity, is responsible for:

●

risk assessments designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment;

●

development of risk-based action plans to manage identified vulnerabilities and implementation of new protocols and infrastructure improvements;

●

cybersecurity incident investigations;

●

monitoring threats to sensitive data and unauthorized access to our systems;

●

secure access control measures applied to critical IT systems, equipment and devices, designed to prevent unauthorized users, processes, and devices from assessing IT systems and data;

●

developing and executing protocols to ensure that information regarding cybersecurity incidents is promptly shared with our board of directors, as appropriate, to allow for risk and materiality assessments and to consider disclosure and notice requirements; and

●

developing and implementing training on cybersecurity, information security and threat awareness.

There were no cybersecurity incidents during the year ended December 31, 2025, that resulted in an interruption to our operations, known losses of any critical data or otherwise had a material impact on our strategy, financial condition or results of operations. However, the scope and impact of any future incident cannot be predicted. See “Item 3. Key Information-D. Risk Factors” for more information on how material cybersecurity attacks may impact our business.

Cybersecurity Risk Management Processes Integrated [Text Block]

we have implemented a comprehensive cybersecurity risk management framework, which is integrated in our overall enterprise risk management system and processes and is internally managed.

Cybersecurity Risk Management Processes Integrated [Flag]

true

Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]

Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]

false

Cybersecurity Risk Board of Directors Oversight [Text Block]

Governance

Our board of directors acknowledges the significance of robust cybersecurity management programs and actively participates in overseeing and reviewing our cybersecurity risk profile and exposures.

Our board of directors receives reports on cybersecurity risks, including recent legislative developments and evolving standards on cybersecurity, key issues, priorities and challenges in our cybersecurity management, and relevant data or metrics. Our board of directors also receives prompt and timely information regarding any significant cybersecurity incidents, as well as ongoing updates regarding any such incidents. Furthermore, in the event of any significant updates or adjustments to our cybersecurity related policies, our chief executive officer will present them to our board of directors for their review and approval.

Our chief executive officer leads the overall assessment, identification and management of risks related to cybersecurity threats. Our chief executive officer works collaboratively with us and receives regular briefings on cybersecurity matters, such as report on cybersecurity incidents and responses and remedial measures. Our chief executive officer has many years of relevant experience in risk management, cybersecurity and information technology.

Our chief executive officer and dedicated staff are responsible for the daily management of our cybersecurity efforts. This includes updates and refinement of cybersecurity policies, execution and management of cybersecurity measures, and the preparation of regular reports on cybersecurity execution. Their primary focus is to consistently update our cybersecurity programs and mitigation strategies, ensuring they align with industry best practices and procedures.

Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]

Our board of directors acknowledges the significance of robust cybersecurity management programs and actively participates in overseeing and reviewing our cybersecurity risk profile and exposures.

Cybersecurity Risk Management Expertise of Management Responsible [Text Block]

Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]

Our board of directors also receives prompt and timely information regarding any significant cybersecurity incidents, as well as ongoing updates regarding any such incidents. Furthermore, in the event of any significant updates or adjustments to our cybersecurity related policies, our chief executive officer will present them to our board of directors for their review and approval.

Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]

true

Net Income (Loss) Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Nov. 14, 2025

Oct. 15, 2025

May 02, 2024

Dec. 31, 2025

Sep. 03, 2025

Aug. 22, 2025

Feb. 19, 2025

Dec. 31, 2024

Mar. 19, 2024

Nov. 30, 2022

Net Income (Loss) Per Share [Line Items]

Additional ordinary shares

877,500,000

Common stock, par value (in Dollars per share)

^[1]

$ 0.04

Number of ordinary shares

Common stock, shares authorized

^[1]

9,000,000

Preferred stock, par value (in Dollars per share)

$ 0.04

Additional preferred stock, shares authorized

97,500,000

Reverse stock split

retroactive effect to the 1-to-100 Share Consolidation effected on November 14, 2025.

The Share Consolidation at a ratio of one-for-one hundred (1:100) was effective on November 14, 2025

Minimum [Member]

Net Income (Loss) Per Share [Line Items]

Preferred stock, shares authorized

2,500,000

Minimum [Member] | Ordinary Shares [Member]

Net Income (Loss) Per Share [Line Items]

Authorized share capital (in Dollars)

$ 1,000,000

Maximum [Member]

Net Income (Loss) Per Share [Line Items]

Preferred stock, par value (in Dollars per share)

$ 0.04

Authorized share capital (in Dollars)

$ 40,000,000

Share Consolidation [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

$ 0.04

Common stock, shares authorized

22,500,000

Preferred stock, shares authorized

2,500,000

Preferred stock, par value (in Dollars per share)

$ 0.04

Ordinary Shares [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

$ 0.04

Ordinary Shares [Member] | Minimum [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

$ 0.04

Common stock, shares authorized

22,500,000

Ordinary Shares [Member] | Maximum [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, shares authorized

900,000,000

Preferred Stock [Member]

Net Income (Loss) Per Share [Line Items]

Preferred stock, par value (in Dollars per share)

$ 0.04

Preferred dividend shares

100,000,000

Class B Ordinary Shares [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

^[1]

$ 4

Common stock, shares authorized

^[1]

1,000,000

Class B Ordinary Shares [Member] | Minimum [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

$ 0.04

Class A Ordinary Shares [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

$ 4

Common stock, shares authorized

^[2]

9,000,000

Class A Ordinary Shares [Member] | Maximum [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

$ 4

Share Consolidation [Member]

Net Income (Loss) Per Share [Line Items]

Additional ordinary shares

0.001

Shares consolidation

Common stock, par value (in Dollars per share)

$ 0.04

Authorized share capital (in Dollars)

$ 1,000,000

Ordinary Shares [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, par value (in Dollars per share)

$ 0.04

Number of ordinary shares

Ordinary Shares [Member] | Class A Ordinary Shares [Member]

Net Income (Loss) Per Share [Line Items]

Common stock, shares authorized

900,000,000

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

Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

13.	COMMITMENTS AND CONTINGENCIES

As of December 31, 2025, the Group has no material purchase commitments or significant leases.

From time to time, the Group is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements.

Income Taxes - Schedule of Loss Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Income Tax Expenses (Benefits) [Abstract]
Domestic (Cayman Islands)	$ (26,385)	$ (2,326)	$ (523)
Federal	(397)
Foreign	(52,163)
Total loss before income taxes	$ (78,945)	$ (2,326)	$ (523)

- Definition

Amount after tax of income (loss) from continuing operations attributable to the parent.

+ References

+ Details

USDT - Schedule of Cryptocurrency Mining Activities of Bitcoin (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
Schedule of Cryptocurrency Mining Activities of Bitcoin [Abstract]
Balance on January 1, 2025
Revenue recognized from cryptocurrencies mined	28,151
Hosting fees settled in cryptocurrencies	(19,666)
Miners purchased with cryptocurrencies	(8,204)
Cryptocurrencies received from disposal of subsidiaries	4,096
Cryptocurrencies held by the mining host	(1,131)
Balance on December 31, 2025	$ 3,246

USDT

12 Months Ended

Dec. 31, 2025

USDT [Abstract]

USDT

USDT

The following table presents additional information about our cryptocurrency mining activities of Bitcoin (“BTC”) paid in USDT amounts during the year ended December 31, 2025:

Balance on January 1, 2025	$	—
Revenue recognized from cryptocurrencies mined		28,151
Hosting fees settled in cryptocurrencies		(19,666	)
Miners purchased with cryptocurrencies		(8,204	)
Cryptocurrencies received from disposal of subsidiaries		4,096
Cryptocurrencies held by the mining host		(1,131	)
Balance on December 31, 2025	$	3,246