v3.26.1
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets:        
Operating losses and interest limitation $ 111,611 $ 52,724    
Change in fair value of digital assets 8,998    
Goodwill and intangibles 3,984    
Stock-based compensation 2,852    
Long-term debt 4,120    
Financing fees 2,185 4,439    
Investment in discontinued operations 18,252 9,038    
Reserves and other 11,688 5,215    
Total deferred tax assets 163,690 71,416    
Less: valuation allowance (160,201) (53,302) $ (50,857) $ (30,324)
Net deferred tax assets 3,489 18,114    
Deferred tax liabilities:        
Property, plant and equipment (3,554) (3,271)    
Change in fair value of digital assets (14,001)    
Reserves and other (907)    
Total deferred tax liabilities (3,554) (18,179)    
Net deferred tax assets (liabilities) $ (65) $ (65)