| | | |
(in USD thousands) | | Amount |
Balance as of December 31, 2023 | | $ | 388,510 |
Revenue recognized from Bitcoin mined | | | 31,336 |
Hosting revenue received in Bitcoin | | | 1,814 |
Mining revenue earned in prior period received in current period | | | 292 |
Carrying value of Bitcoin sold | | | (37,929) |
Change in fair value of Bitcoin | | | 274,540 |
Carrying value of other digital assets sold | | | (407) |
Change in fair value of other digital assets | | | 34 |
Foreign currency translation adjustments | | | (9,295) |
Balance as of March 31, 2024 | | $ | 648,895 |
Revenue recognized from Bitcoin mined | | | 13,914 |
Hosting revenue received in Bitcoin | | | 1,417 |
Carrying value of Bitcoin sold | | | (15,209) |
Change in fair value of Bitcoin | | | (71,842) |
Foreign currency translation adjustments | | | (6,671) |
Balance as of June 30, 2024 | | $ | 570,504 |
| | | |
Number of Bitcoin held as of June 30, 2024 | | | 9,102 |
Cost basis of Bitcoin held as of June 30, 2024 | | $ | 348,213 |
Realized gains on the sale of Bitcoin for the three months ended June 30, 2024 | | $ | 3,027 |
Realized gains on the sale of Bitcoin for the six months ended June 30, 2024 | | $ | 7,458 |
| | | |
Balance as of December 31, 2024 | | $ | 949,500 |
Revenue recognized from Bitcoin mined | | | 12,341 |
Carrying value of Bitcoin sold | | | (3,433) |
Change in fair value of Bitcoin | | | (112,392) |
Foreign currency translation adjustments | | | 1,228 |
Balance as of March 31, 2025 | | $ | 847,244 |
Revenue recognized from Bitcoin mined | | | 30,318 |
Bitcoin contributed by American Bitcoin non-controlling interests during private placement | | | 10,000 |
Carrying value of Bitcoin sold | | | (299) |
Change in fair value of Bitcoin | | | 217,646 |
Foreign currency translation adjustments | | | 38,270 |
Balance as of June 30, 2025 | | $ | 1,143,179 |
| | | |
Number of Bitcoin held as of June 30, 2025 | | | 9,699 |
Number of Bitcoin pledged to BITMAIN as of June 30, 2025 | | | 968 |
Cost basis of Bitcoin held as of June 30, 2025 | | $ | 510,071 |
Realized gains on the sale of Bitcoin for the three months ended June 30, 2025 | | $ | 76 |
Realized gains on the sale of Bitcoin for the six months ended June 30, 2025 | | $ | 904 |