v3.26.1
FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Liabilities Not Subject to Fair Value Measurement on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Liabilities included in:    
Liabilities, fair value $ 632,060 $ 525,160
Level 1    
Liabilities included in:    
Liabilities, fair value 0 0
Level 2    
Liabilities included in:    
Liabilities, fair value 0 0
Level 3    
Liabilities included in:    
Liabilities, fair value 632,060 525,160
Nonrecurring | Reported Value Measurement    
Liabilities included in:    
Liabilities, fair value 5,541,350 2,749,441
Nonrecurring | Estimate of Fair Value Measurement    
Liabilities included in:    
Liabilities, fair value 7,841,348 3,914,815
Nonrecurring | 2030 Convertible Notes | Convertible Debt | Reported Value Measurement    
Liabilities included in:    
Convertible Notes 168,168 167,643
Nonrecurring | 2030 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 912,563 597,768
Nonrecurring | 2031 Convertible Notes | Convertible Debt | Reported Value Measurement    
Liabilities included in:    
Convertible Notes 901,456 870,842
Nonrecurring | 2031 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 2,280,811 1,547,533
Nonrecurring | Cipher Compute 2030 Senior Secured Notes | Senior Notes | Reported Value Measurement    
Liabilities included in:    
Senior Secured Notes 1,708,805 1,710,956
Nonrecurring | Cipher Compute 2030 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 1,805,769 1,769,514
Nonrecurring | Black Pearl Compute 2031 Senior Secured Notes | Senior Notes | Reported Value Measurement    
Liabilities included in:    
Senior Secured Notes 1,966,807  
Nonrecurring | Black Pearl Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 2,029,200  
Nonrecurring | Stingray Compute 2031 Senior Secured Notes | Senior Notes | Reported Value Measurement    
Liabilities included in:    
Senior Secured Notes 796,114  
Nonrecurring | Stingray Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 813,005  
Nonrecurring | Level 1 | Estimate of Fair Value Measurement    
Liabilities included in:    
Liabilities, fair value 0 0
Nonrecurring | Level 1 | 2030 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 0 0
Nonrecurring | Level 1 | 2031 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 0 0
Nonrecurring | Level 1 | Cipher Compute 2030 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 0 0
Nonrecurring | Level 1 | Black Pearl Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 0  
Nonrecurring | Level 1 | Stingray Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 0  
Nonrecurring | Level 2 | Estimate of Fair Value Measurement    
Liabilities included in:    
Liabilities, fair value 7,841,348 3,914,815
Nonrecurring | Level 2 | 2030 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 912,563 597,768
Nonrecurring | Level 2 | 2031 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 2,280,811 1,547,533
Nonrecurring | Level 2 | Cipher Compute 2030 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 1,805,769 1,769,514
Nonrecurring | Level 2 | Black Pearl Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 2,029,200  
Nonrecurring | Level 2 | Stingray Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 813,005  
Nonrecurring | Level 3 | Estimate of Fair Value Measurement    
Liabilities included in:    
Liabilities, fair value 0 0
Nonrecurring | Level 3 | 2030 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 0 0
Nonrecurring | Level 3 | 2031 Convertible Notes | Convertible Debt | Estimate of Fair Value Measurement    
Liabilities included in:    
Convertible Notes 0 0
Nonrecurring | Level 3 | Cipher Compute 2030 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 0 $ 0
Nonrecurring | Level 3 | Black Pearl Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes 0  
Nonrecurring | Level 3 | Stingray Compute 2031 Senior Secured Notes | Senior Notes | Estimate of Fair Value Measurement    
Liabilities included in:    
Senior Secured Notes $ 0