Farmhouse, Inc. /NV
Farmhouse, Inc. /NV is a Nevada-based shell-like technology and brand management company that currently holds intellectual property assets and is repositioning itself through acquisitions and digital asset initiatives. Its reported operating activity has been minimal, with prior NFT licensing revenue now discontinued and management focused on potential transactions in blockchain, treasury management, and consumer brands.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueDomain names, trademarks, and related IP assets held for monetization or strategic use.
Internal development and brand repositioning efforts aimed at creating future business opportunities.
Legacy licensing arrangements tied to NFT-related rights, which management says will not generate future revenue.
Planned treasury operations involving custody and allocation of digital assets such as Bitcoin and Ethereum.
Evaluation of acquisitions and strategic transactions to build a new operating business.
Customers
The company has not yet established a stable operating customer base, and its only disclosed historical revenue came from NFT licensing agreements. Management has also explored a beverage acquisition, a franchise operator acquisition, and crypto treasury counterparties, indicating that future customers or counterparties could span consumer brands, franchise businesses, and digital asset platforms.
Historical licensees that paid fees for NFT-related rights; this revenue stream is no longer expected to continue.
Operating businesses such as Thrown, LLC and Ledgewood Holdings that the company evaluated for acquisition to create a new revenue base.
Platforms and counterparties that could support treasury, custody, financing, or investment structures for the DAT initiative.
Individual and accredited investors providing notes or equity financing to fund operations and strategic initiatives.
Strategy
Management is trying to transform the company from a dormant IP/licensing vehicle into a new operating platform. The current focus is on digital asset treasury development, while prior acquisition discussions with Thrown and Ledgewood show that the company is still searching for a scalable business model.
Management sees DAT as the clearest path to a new operating identity and future asset base.
The company needs an operating business to replace discontinued NFT licensing revenue.
Operations and strategic initiatives depend on continued access to external capital.
Geography
Farmhouse is incorporated in Nevada and operates as a U.S.-based public company, with its strategic and financing activity centered in the United States. The company has not disclosed meaningful geographic revenue diversification; its reported revenue was limited to legacy NFT licensing and is now zero, so geography mainly matters through U.S. legal, capital markets, and regulatory exposure.
Risks
The company remains in a going-concern position and depends on repeated financing to fund operations, which creates substantial dilution and execution risk. Its strategy is still exploratory, with no closed acquisition or digital asset program yet, so the main risk is that management may not convert strategic discussions into a durable business.
The company has minimal revenue and relies on external financing to cover operating expenses.
Exposure: General corporate funding and strategic initiatives
Recent notes and equity issuances can expand share count and reduce existing holders' ownership.
Exposure: Series 2025 notes and convertible debt
A treasury strategy involving Bitcoin or Ethereum would expose the company to price swings, custody, and compliance issues.
Exposure: Farmhouse Treasury LLC initiative
The company has discussed acquisitions and treasury strategies but has not completed a transformative transaction.
Accounting
Judgemental itemsManagement says operations depend on raising sufficient capital to fund expenses and achieve profitability.
Impact: Affects investor view of solvency and financing risk
Accrued legal fees and finance charges were converted into a new Series 2025 Note, creating a gain on extinguishment.
Impact: Can materially affect reported earnings in the period of conversion
Recent note issuances and conversions influence interest expense, liabilities, and potential dilution.
Impact: Affects leverage, EPS, and future share count
If the DAT initiative results in crypto holdings, valuation and impairment accounting will become important.
Impact: Could introduce earnings volatility and balance-sheet sensitivity
Similar listed companies
Publicly listed companies with a comparable business focus.
C2 Blockchain, Inc.
CBLO · Finance Services
Givbux, Inc.
GBUX · Services-Business Services, NEC
Full House Resorts, Inc
FLL · Hotels & Motels
Full House Resorts owns and operates regional casino and hospitality properties in the United States, combining gaming with hotels, food and beverage, sports…
Guochun International Inc.
GCGJ · Services-Computer Programming, Data Processing, Etc.
TreeHouse Foods, Inc.
Canned, Frozen & Preservd Fruit, Veg & Food Specialties
Legend Spices, Inc.
LGSP · Canned, Frozen & Preservd Fruit, Veg & Food Specialties
Last updated: 24/09/2026