A pre-revenue AI crypto startup funneled $12 million into EV as bad crypto trades erased 97% of cash in six months

AIxCrypto Holdings, a pre-revenue company building a robot-rental marketplace while holding digital assets, entered the third quarter with $577,328 in cash after its balance fell 97% in six months. Its nearest stated route to operating revenue, RoboShare, was still preparing a Los Angeles pilot as of Aug. 7.

Cash and cash equivalents fell from $19.33 million at Dec. 31 to $577,328 at June 30. AIxCrypto reported a $10.27 million first-half net loss and used $7.94 million of cash in operations. That operating use was only part of the decline: the cash-flow statement separately recorded a $12 million financing outflow for Faraday Future securities and $2.11 million of proceeds from digital-asset sales.

The Faraday investment was made through an entrusted arrangement with Gold King Arthur Holding Limited and comprised $500,000 of Class A common stock and $11.5 million of Series C preferred stock. AIxCrypto identifies Faraday Future as its controlling majority stockholder, making the investment an allocation involving the company that controls it rather than an unrelated portfolio holding.

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