v3.25.2
FAIR VALUE MEASUREMENTS - Summary of Financial Assets And Liabilities Measurement on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets included in:    
Cash and cash equivalents, money market securities $ 21,579 $ 4,314
Restricted cash, money market securities 14,392 14,392
Bitcoin 112,089 92,651
Receivable for bitcoin collateral 0 32,248
Accounts receivable 1,575 596
Prepaid expenses and other current assets, Bitmain Bitcoin Options 5,007  
Derivative asset 77,520 85,670
Assets, fair value 232,162 229,871
Liabilities included in:    
Bitcoin loan payable   7,330
Liabilities, fair value   7,330
Level 1    
Assets included in:    
Cash and cash equivalents, money market securities 21,579 4,314
Restricted cash, money market securities 14,392 14,392
Bitcoin 112,089 92,651
Receivable for bitcoin collateral   0
Accounts receivable 1,575 596
Prepaid expenses and other current assets, Bitmain Bitcoin Options 0  
Derivative asset 0 0
Assets, fair value 149,635 111,953
Liabilities included in:    
Bitcoin loan payable   7,330
Liabilities, fair value   7,330
Level 2    
Assets included in:    
Cash and cash equivalents, money market securities 0 0
Restricted cash, money market securities 0 0
Bitcoin 0 0
Receivable for bitcoin collateral   32,248
Accounts receivable 0 0
Prepaid expenses and other current assets, Bitmain Bitcoin Options 5,007  
Derivative asset 0 0
Assets, fair value 5,007 32,248
Liabilities included in:    
Bitcoin loan payable   0
Liabilities, fair value   0
Level 3    
Assets included in:    
Cash and cash equivalents, money market securities 0 0
Restricted cash, money market securities 0 0
Bitcoin 0 0
Receivable for bitcoin collateral   0
Accounts receivable 0 0
Prepaid expenses and other current assets, Bitmain Bitcoin Options 0  
Derivative asset 77,520 85,670
Assets, fair value $ 77,520 85,670
Liabilities included in:    
Bitcoin loan payable   0
Liabilities, fair value   $ 0