v3.25.2
SUPPLEMENTAL FINANCIAL INFORMATION
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION SUPPLEMENTAL FINANCIAL INFORMATION
Prepaid expenses and other current assets were $7.4 million and $3.4 million as of June 30, 2025 and December 31, 2024, respectively, primarily consisting of the Bitmain Bitcoin Option as of June 30, 2025, and prepaid insurance as of December 31, 2024.
The Company’s accrued expenses and other current liabilities consisted of the following (in thousands):
June 30, 2025December 31, 2024
Taxes (primarily sales tax)$16,200 $14,607 
Professional fees4,883 4,449 
Employee compensation4,257 8,246 
Power costs3,862 — 
Other907 1,329 
Construction costs71 2,675 
Barber Lake site deposit payable— 8,297 
Remaining payments for miners in service— 30,221 
Total accrued expenses and other current liabilities$30,180 $69,824