v3.26.1
Segment and Geographical Information
 3 Months Ended
Mar. 31, 2026
Segment and Geographical Information [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 17: 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 Chief Operating Decision Maker (“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 unaudited condensed consolidated balance sheets as total consolidated assets. Significant expenses reviewed by the CODM include those that are presented in the unaudited condensed consolidated statements of operations and the more detailed component disclosed in Note 18.

 

Revenues

 

Revenues by country are as follows:

 

   Three months ended March 31, 
   2026   2025 
North America        
United States  19,376   18,529 
Canada  17,616   29,122 
Total  36,992   47,651 

 

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 March 31,   As of December 31, 
   2026   2025 
   PPE   Other   Total non-current assets   PPE   Other   Total non-current assets 
North America                        
United States   290,213    76,436    366,649    292,196    26,865    319,061 
Canada   58,391    17,611    76,002    66,125    17,362    83,487 
Total   348,604    94,047    442,651    358,321    44,227    402,548