v3.26.1
DEBT - Schedule of Long-Term Borrowings (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 15, 2026
Feb. 11, 2026
Dec. 31, 2025
Nov. 13, 2025
Sep. 30, 2025
May 22, 2025
Debt Instrument [Line Items]              
Outstanding Principal $ 6,015,500     $ 3,205,500      
Unamortized debt issuance costs and original issue discounts and premium, net (474,150)     (456,059)      
Current portion of Long-term Debt (94,484)     (37,793)      
Outstanding Borrowings, net $ 5,446,866     $ 2,711,648      
Convertible Debt | 2030 Convertible Notes              
Debt Instrument [Line Items]              
Interest Rate 1.75%     1.75%     1.75%
Outstanding Principal $ 172,500     $ 172,500      
Unamortized debt issuance costs and original issue discounts and premium, net (4,332)     (4,857)      
Current portion of Long-term Debt 0     0      
Outstanding Borrowings, net $ 168,168     $ 167,643      
Convertible Debt | 2031 Convertible Notes              
Debt Instrument [Line Items]              
Interest Rate 0.00%     0.00%   0.00%  
Outstanding Principal $ 1,300,000     $ 1,300,000      
Unamortized debt issuance costs and original issue discounts and premium, net (398,544)     (429,158)      
Current portion of Long-term Debt 0     0      
Outstanding Borrowings, net $ 901,456     $ 870,842      
Senior Notes | Cipher Compute 2030 Senior Secured Notes              
Debt Instrument [Line Items]              
Interest Rate 7.125%     7.125% 7.125%    
Outstanding Principal $ 1,733,000     $ 1,733,000      
Unamortized debt issuance costs and original issue discounts and premium, net (24,195)     (22,044)      
Current portion of Long-term Debt (94,484)     (37,793)      
Outstanding Borrowings, net $ 1,614,321     $ 1,673,163      
Senior Notes | Black Pearl Compute 2031 Senior Secured Notes              
Debt Instrument [Line Items]              
Interest Rate 6.125%   6.125%        
Outstanding Principal $ 2,000,000            
Unamortized debt issuance costs and original issue discounts and premium, net (33,193)            
Current portion of Long-term Debt 0            
Outstanding Borrowings, net $ 1,966,807            
Senior Notes | Stingray Compute 2031 Senior Secured Notes              
Debt Instrument [Line Items]              
Interest Rate 6.00% 6.00%          
Outstanding Principal $ 810,000            
Unamortized debt issuance costs and original issue discounts and premium, net (13,886)            
Current portion of Long-term Debt 0            
Outstanding Borrowings, net $ 796,114