Property and equipment, net - Components (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Property and equipment, gross
Right-of-use assets - Finance lease	$ 27,799	$ 26,412
Property and equipment, gross	465,549	273,544
Less: Accumulated depreciation	(83,837)	(51,863)
Property and equipment, net	381,712	221,681
Mining infrastructure
Property and equipment, gross
Property and equipment, gross	143,535	41,308
Miners and mining equipment
Property and equipment, gross
Property and equipment, gross	164,999	77,486
Data center infrastructure
Property and equipment, gross
Property and equipment, gross	16,648	11,058
Computer and network equipment
Property and equipment, gross
Property and equipment, gross	9,115	8,025
Leasehold improvements
Property and equipment, gross
Property and equipment, gross	1,963	680
Land and land improvements
Property and equipment, gross
Property and equipment, gross	18,752	263
Power plant assets
Property and equipment, gross
Property and equipment, gross	13,735	13,070
AI GPUs
Property and equipment, gross
Property and equipment, gross	42,573	39,324
Construction in progress
Property and equipment, gross
Property and equipment, gross	$ 26,430	$ 55,918

Amount, before accumulated amortization, of right-of-use asset from finance lease.

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