Property and Equipment, Net |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Mining Equipment, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, Net | Note 5. Property and equipment, net
The components of property and equipment were as follows:
Depreciation and amortization expense related to property and equipment was $28.2 million and $10.0 million for the three months ended June 30, 2026 and 2025, respectively.
Depreciation and amortization expense related to property and equipment was $54.9 million and $16.4 million for the six months ended June 30, 2026 and 2025, respectively.
Impairment of long-lived assets
There is considerable management judgment necessary to determine the estimated future cash flows and fair values of the Company’s long-lived assets, and, accordingly, actual results could vary significantly from such estimates, which fall under Level 3 within the fair value measurement hierarchy (see discussion of fair value measurements in Note 2. Significant accounting policies and recent accounting pronouncements). |
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