v3.26.1
Segment and Geographical Information
 12 Months Ended
Dec. 31, 2025
Segment and Geographical Information [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 24: SEGMENT AND GEOGRAPHICAL INFORMATION

 

Reportable segment

 

The Company has aggregated all of its Cryptocurrency Mining operating segments into a single operating segment, which is the Company’s only reportable segment, Cryptocurrency Mining. The CODM manages segment performance and resource allocation based upon net income (loss). The CODM uses consolidated net income (loss) to evaluate the overall financial performance of the Company, to compare actual results against internal budgets and forecasts and to inform capital allocation decisions, including the prioritization of investments across the Company’s Bitcoin Mining Operations. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. Significant expenses reviewed by the CODM include those that are presented in the consolidated statements of operations and the more detailed component disclosed in Note 25.

 

Revenues

 

Revenues by country are as follows:

 

   Year ended December 31, 
   2025   2024   2023 
North America            
United States   116,386    16,500    11,466 
Canada   112,890    116,774    108,934 
Total   229,276    133,274    120,400 

 

Revenues are presented based on the geographical contribution of computational power used for hashing calculations (measured by hashrate) or sales to external customers.

 

Property, Plant and Equipment and other non-current assets

 

The carrying amount of property, plant and equipment and other non-current assets (excluding financial assets, intangible assets and deferred tax assets) by country is as follows:

 

   As of December 31,   As of December 31, 
   2025   2024 
   PPE   Other   Total non-current assets   PPE   Other   Total non-current assets 
North America                        
United States   292,196    26,865    319,061    63,147    14,535    77,682 
Canada   66,125    17,362    83,487    117,025    52,819    169,844 
Total   358,321    44,227    402,548    180,172    67,354    247,526