v3.26.1
SEGMENT REPORTING - Schedule of Revenue and Gross Profit by Reporting Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Total colocation revenue $ 164,201 $ 78,628 $ 279,445 $ 158,153
Total cost of revenue 94,157 73,603 179,295 144,915
Gross profit $ 70,044 $ 5,025 $ 100,150 $ 13,238
Gross margin 43.00% 6.00% 36.00% 8.00%
Colocation revenue        
Segment Reporting [Line Items]        
Total cost of revenue $ 56,686 $ 9,430 $ 90,304 $ 17,536
Digital asset self-mining revenue        
Segment Reporting [Line Items]        
Total cost of revenue 33,700 59,589 80,889 120,759
Digital asset hosted mining revenue from customers        
Segment Reporting [Line Items]        
Total cost of revenue 3,771 4,584 8,102 6,620
Colocation Segment | Operating Segments        
Segment Reporting [Line Items]        
Gross profit $ 79,983 $ 1,130 $ 123,904 $ 1,597
Gross margin 59.00% 11.00% 58.00% 8.00%
Colocation Segment | Colocation revenue | Operating Segments        
Segment Reporting [Line Items]        
License fees $ 98,812 $ 7,010 $ 158,008 $ 13,005
Power fees passed through to customer 35,073 3,464 56,132 6,050
Maintenance and other 2,784 86 68 78
Total colocation revenue 136,669 10,560 214,208 19,133
Power fees 35,073 3,464 56,132 6,050
Depreciation expense 4,621 104 6,696 171
Employee compensation 4,801 1,148 7,787 2,442
Facility operations expense 10,381 4,336 17,136 8,187
Other segment items 1,810 378 2,553 686
Total cost of revenue 56,686 9,430 90,304 17,536
Digital Asset Self-Mining Segment | Operating Segments        
Segment Reporting [Line Items]        
Gross profit $ (12,165) $ 2,835 $ (29,249) $ 8,844
Gross margin (56.00%) 5.00% (57.00%) 7.00%
Digital Asset Self-Mining Segment | Digital asset self-mining revenue | Operating Segments        
Segment Reporting [Line Items]        
Total colocation revenue $ 21,535 $ 62,424 $ 51,640 $ 129,603
Power fees 17,861 30,720 45,131 61,039
Depreciation expense 9,897 18,058 23,806 37,317
Employee compensation 4,052 8,272 7,579 15,607
Facility operations expense 1,286 2,089 3,258 5,369
Other segment items 604 450 1,115 1,427
Total cost of revenue 33,700 59,589 80,889 120,759
Digital Asset Hosted Mining Segment | Operating Segments        
Segment Reporting [Line Items]        
Gross profit $ 2,226 $ 1,060 $ 5,495 $ 2,797
Gross margin 37.00% 19.00% 40.00% 30.00%
Digital Asset Hosted Mining Segment | Digital asset hosted mining revenue from customers | Operating Segments        
Segment Reporting [Line Items]        
Total colocation revenue $ 5,997 $ 5,644 $ 13,597 $ 9,417
Power fees 2,356 3,208 5,659 4,574
Depreciation expense 626 334 931 479
Employee compensation 542 779 969 1,110
Facility operations expense 167 220 401 368
Other segment items 80 43 142 89
Total cost of revenue $ 3,771 $ 4,584 $ 8,102 $ 6,620