| Schedule of Components of Property and Equipment |
The components of property and equipment as of June 30, 2026 and December 31, 2025 are as follows:
| | | | | | | | | | | | | | | | | | | | | | (in thousands, except useful life) | | Useful life (Years) | | June 30, 2026 | | December 31, 2025 | Land (1) | | — | | $ | 3,685 | | | $ | 3,510 | | | Land improvements | | 9 | | 53,515 | | | 34,409 | | | Building and improvements | | 25 | | 91,826 | | | 91,486 | | | Mining rigs | | 3 | | 1,985,153 | | | 2,057,933 | | | Containers | | 10 - 15 | | 134,909 | | | 120,000 | | | Mining and transportation equipment | | 4 - 15 | | 328,477 | | | 295,332 | | | | | | | | | | | | | | | | | Construction in progress | | — | | 16,280 | | | 75,653 | | | Other | | 7 | | 13,455 | | | 7,327 | | | Total gross property, equipment | | | | 2,627,300 | | | 2,685,650 | | | Less: Accumulated depreciation and amortization | | | | (1,411,724) | | | (1,195,015) | | | Property and equipment, net | | | | $ | 1,215,576 | | | $ | 1,490,635 | |
(1) Refer to Note 14 – Leases, for further information regarding the Company’s finance land lease.
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