| Schedule of Property and Equipment |
Property and equipment, net consisted of the following (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Miners and mining equipment | $ | 185,676 | | | $ | 289,680 | | | Leasehold improvements | 120,029 | | | 134,122 | | | Land | 163,885 | | | 79,054 | | Buildings | 68,707 | | | 66,594 | | | Infrastructure | 95,861 | | | 108,827 | | | Other | 1,870 | | | 1,873 | | | Construction-in-progress | 1,676,099 | | | 276,470 | | Deposits on equipment | 55,998 | | | 10,962 | | | Total cost of property and equipment | 2,368,125 | | | 967,582 | | | Less: accumulated depreciation | (235,540) | | | (334,165) | | | Property and equipment, net | $ | 2,132,585 | | | $ | 633,417 | |
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