v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Deferred Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Deferred Revenue from Colocation Services    
Beginning balance $ 553,878 $ 17,785
Revenue recognized that was included in the deferred revenue balance as of the beginning of the year (22,530) (5,124)
Base license fee earned, not yet due (8,590) (13,633)
Additional customer funding received 129,952 554,850
Ending balance 652,710 553,878
Deferred Revenue from Hosted Mining Services    
Beginning balance 1,973 349
Revenue recognized that was included in the deferred revenue balance as of the beginning of the year (1,973) (329)
Base license fee earned, not yet due 0 0
Additional customer funding received 1,517 1,953
Ending balance 1,517 1,973
Total Deferred Revenue    
Beginning balance 555,851 18,134
Revenue recognized that was included in the deferred revenue balance as of the beginning of the year (24,503) (5,453)
Base license fee earned, not yet due (8,590) (13,633)
Additional customer funding received 131,469 556,803
Ending balance 654,227 555,851
Current portion of deferred revenue 219,555 127,561
Non-current portion of deferred revenue $ 434,672 $ 428,290