v3.26.1
SEGMENT REPORTING - Schedule of Reconciliation of Reportable Segment Gross Profit to Loss (Income) Before Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Abstract]        
Reportable segment gross profit $ 70,044 $ 5,025 $ 100,150 $ 13,238
Loss (gain) on fair value of digital assets 9,368 (29,797) 15,926 (19,109)
Loss on disposal of property, plant and equipment 1,273 4,166 14,911 4,172
Loss on remeasurement of assets held for sale 19,495 0 19,495 0
Impairment of property, plant and equipment 0 0 266,488 0
Loss on contract termination 41,948 0 41,948 0
Colocation organizational and site startup costs 27,039 11,655 35,704 23,322
Selling, general and administrative 49,389 45,285 94,568 78,175
Operating loss (78,468) (26,284) (388,890) (73,322)
Non-operating expenses (income), net:        
Loss on debt extinguishment 5,435 1,377 5,435 1,377
Interest expense (income), net 23,833 (1,185) 28,690 (3,372)
Change in fair value of warrants and contingent value rights 1,045,515 909,958 1,076,314 288,494
Other non-operating expense, net 152 207 662 364
Total non-operating expense, net 1,074,935 910,357 1,111,101 286,863
Loss before income taxes $ (1,153,403) $ (936,641) $ (1,499,991) $ (360,185)