v3.26.1
Long-Term Deposits, Equipment Prepayments and Other
12 Months Ended
Dec. 31, 2025
Long-Term Deposits, Equipment Prepayments and Other [Abstract]  
LONG-TERM DEPOSITS, EQUIPMENT PREPAYMENTS AND OTHER

NOTE 14: LONG-TERM DEPOSITS, EQUIPMENT PREPAYMENTS AND OTHER

 

   As of
December 31,
   As of
December 31,
 
   2025   2024 
Miner purchase order deposits   
    34,791 
Other BVVE and electrical components   18    2,738 
Cash deposits on construction work and materials*   20,146    2,530 
Equipment and construction prepayments   20,164    40,059 
Insurance prepaids, security deposits for energy and rent   9,199    4,513 
Deferred transaction fees - undrawn tranche of the credit facility   1,670    
 
    31,033    44,572 

 

*Deposits for construction work and materials mainly related to the HPC/AI expansions.

 

Following the sale of the Yguazu Bitcoin data center, the Company sold $18,321 of long-term deposits and equipment prepayments to HIVE. Refer to Note 11 for more details.

 

March 2024 Miner purchase order deposits

 

During the first quarter of 2024, the Company ordered 19,369 Bitmain T21 Miners, 3,975 Bitmain S21 Miners and 762 Bitmain S21 Hydro Miners (collectively defined as the “March 2024 Purchase Order”) for $51,285, $13,608 and $4,338, respectively, with deliveries scheduled from April 2024 to November 2024. In November 2024, the Company amended the March 2024 Purchase Order and upgraded 12,853 Bitmain T21 Miners to 12,853 S21 Pro Miners for $22,654. As of December 31, 2025, all Miners on the March 2024 Purchase Order were received and the equipment prepayment amount was nil.