v3.25.2
DIGITAL ASSETS LOAN RECEIVABLE AND DIGITAL ASSETS BORROWED (Tables)
6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Digital Assets Loan Receivable, Net of Allowance
Digital Assets Loan Receivable, Net of Allowance
(in thousands)June 30, 2025December 31, 2024
Digital asset loans receivable$895,026 $579,954 
Less: Allowance for credit losses
(150)(424)
Digital asset loans receivable, net
$894,876 $579,530 
Schedule of Collateral Payable Associated with Digital Assets Loan Receivable
Collateral Payable Associated with Digital Assets Loan Receivable
(in thousands)June 30, 2025December 31, 2024
Collateral payable — Digital assets
$1,116,700 $673,427 
Collateral payable — Cash
14,867 44,535 
Collateral payable associated with digital assets loan receivable
$1,131,567 $717,962 
Schedule of Digital Assets Borrowed
Digital Assets Borrowed
(in thousands)June 30, 2025
December 31, 2024
Digital assets borrowed — current
$2,836,370 $1,497,609 
Digital assets borrowed — non-current
8,564 — 
Digital assets borrowed
$2,844,934 $1,497,609 
Schedule of Assets Posted as Collateral Associated with Digital Assets Borrowed
Assets Posted as Collateral Associated with Digital Assets Borrowed
(in thousands)June 30, 2025
December 31, 2024
Assets posted as collateral — Digital assets
$501,418 $84,221 
Less: Allowance for credit loss(2,477)(826)
Assets posted as collateral associated with digital assets borrowed$498,941 $83,395