v3.25.2
PROPERTY AND EQUIPMENT (Tables)
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment
Property and equipment, net consisted of the following (in thousands):
June 30, 2025December 31, 2024
Miners and mining equipment$341,475 $342,111 
Leasehold improvements149,867 137,582 
Land58,330 49,021 
Buildings
53,104 — 
Infrastructure101,904 28,166 
Other846 606 
Construction-in-progress11,929 82,017 
Total cost of property and equipment717,455 639,503 
Less: accumulated depreciation(243,568)(158,638)
Property and equipment, net$473,887 $480,865