v3.26.1
PROPERTY, PLANT AND EQUIPMENT (Tables)
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant and equipment, net consisted of the following (in thousands):
June 30, 2026December 31, 2025
Miners$182,124 $213,655 
Construction in process2,371,364 1,069,059 
Leasehold improvements579,016 265,010 
Land
331,384 — 
Electrical and computer equipment270,503 91,158 
Building and improvements
16,974 — 
Office furniture and fixtures413 375 
Vehicles501 194 
Total3,752,279 1,639,451 
Less: accumulated depreciation(152,088)(131,752)
Property and equipment, net$3,600,191 $1,507,699