The following table summarizes the change in the carrying amount of goodwill during the six months ended June 30, 2026 (in thousands):


	Gross Carrying Amount		Accumulated Impairment		Goodwill
Balance as of December 31, 2025	$	55,457	$	—	$	55,457
Additions	—		—		—
Impairment	—		—		—
Balance as of June 30, 2026	$	55,457	$	—	$	55,457

Goodwill attributed to the acquisition of Beowulf E&D reflects the Company’s allocation of purchase consideration in excess of the estimated fair values of net assets acquired.

Prior to the third quarter of 2025, the Company had one segment, Digital Asset Mining. In the third quarter of 2025, the Company’s HPC Leasing operations met the criteria to be considered a new segment. Accordingly, the Company determined the change in composition of its reportable segments resulted in the identification of two reporting segments (HPC Leasing and Digital Asset Mining) and reassigned goodwill to the reporting segments affected using a relative fair value allocation approach, resulting in goodwill of $53.4 million and $2.1 million allocated to the HPC Leasing reporting segment and Digital Asset Mining reporting segment, respectively.