v3.25.2
Property and equipment, net (Tables)
6 Months Ended
Jun. 30, 2025
Property and equipment, net  
Schedule of property and equipment

(in USD thousands)

    

June 30, 2025

    

December 31, 2024

Mining infrastructure

$

143,535

$

41,308

Miners and mining equipment

164,999

77,486

Data center infrastructure

16,648

11,058

Computer and network equipment

9,115

8,025

Right-of-use assets - Finance lease

27,799

26,412

Leasehold improvements

1,963

680

Land and land improvements

18,752

263

Power plant assets

13,735

13,070

AI GPUs

42,573

39,324

Construction in progress

26,430

55,918

Property and equipment, gross

 

465,549

 

273,544

Less: Accumulated depreciation

 

(83,837)

 

(51,863)

Property and equipment, net

$

381,712

$

221,681