v3.26.1
SEGMENT REPORTING - Schedule of Revenue and Gross Profit by Reporting Segment (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Revenues $ 115,244 $ 79,525
Total cost of revenue 85,138 71,312
Gross profit $ 30,106 $ 8,213
Gross margin 26.00% 10.00%
Colocation revenue    
Segment Reporting Information [Line Items]    
Total cost of revenue $ 33,618 $ 8,106
Digital asset self-mining revenue    
Segment Reporting Information [Line Items]    
Total cost of revenue 47,189 61,170
Digital asset hosted mining revenue from customers    
Segment Reporting Information [Line Items]    
Total cost of revenue 4,331 2,036
Colocation Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Gross profit $ 43,921 $ 467
Gross margin 57.00% 5.00%
Colocation Segment | Colocation revenue | Operating Segments    
Segment Reporting Information [Line Items]    
License fees $ 59,195 $ 5,995
Power fees passed through to customer 21,059 2,586
Maintenance and other (2,715) (8)
Revenues 77,539 8,573
Power fees 21,059 2,586
Depreciation expense 2,075 67
Employee compensation 2,986 1,295
Facility operations expense 6,755 3,852
Other segment items 743 306
Total cost of revenue 33,618 8,106
Digital Asset Self-Mining Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Gross profit $ (17,084) $ 6,009
Gross margin (57.00%) 9.00%
Digital Asset Self-Mining Segment | Digital asset self-mining revenue | Operating Segments    
Segment Reporting Information [Line Items]    
Revenues $ 30,105 $ 67,179
Power fees 27,271 30,319
Depreciation expense 13,909 19,259
Employee compensation 3,527 7,335
Facility operations expense 1,972 3,280
Other segment items 510 977
Total cost of revenue 47,189 61,170
Digital Asset Hosted Mining Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Gross profit $ 3,269 $ 1,737
Gross margin 43.00% 46.00%
Digital Asset Hosted Mining Segment | Digital asset hosted mining revenue from customers | Operating Segments    
Segment Reporting Information [Line Items]    
Revenues $ 7,600 $ 3,773
Power fees 3,303 1,367
Depreciation expense 306 145
Employee compensation 427 332
Facility operations expense 234 148
Other segment items 61 44
Total cost of revenue $ 4,331 $ 2,036