v3.26.1
Segment Information - Schedule of reportable segments gross margin to net income (loss) before taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Reconciling items:        
Acquisition-related costs   $ (111)   $ (187)
Selling, general, and administrative $ (81,999) (75,902) $ (158,179) (147,350)
Depreciation and amortization (97,784) (83,197) (195,518) (161,123)
Power curtailment credits 10,054 8,313 31,077 16,114
Change in fair value of contingent consideration   (9,390)   (17,642)
Casualty-related (charges) recoveries, net (3) 119 (3) 119
Interest income 3,623 3,334 5,936 6,731
Interest expense (2,687) (6,093) (5,305) (8,401)
Loss on equity method investment - marketable securities       (57,095)
Loss on contract settlement   (158,137)   (158,137)
Gain on acquisition post-close dispute settlement   26,007   26,007
Impairment of property and equipment (27,972)   (27,972)  
Other income (expense) 1,221 244 1,209 337
Net income (loss) before taxes (237,275) 219,774 (737,461) (76,156)
Operating segments        
Reportable segment revenue:        
Segment gross profit (loss) 43,459 68,442 78,416 144,921
Reconciling items:        
Segment gross profit (loss) 43,459 68,442 78,416 144,921
Intersegment eliminations        
Reportable segment revenue:        
Segment gross profit (loss) (2,218) (5,010) (5,632) (11,334)
Reconciling items:        
Segment gross profit (loss) (2,218) (5,010) (5,632) (11,334)
Other revenue        
Reportable segment revenue:        
Segment gross profit (loss)   (1,483)   (5,840)
Reconciling items:        
Segment gross profit (loss)   (1,483)   (5,840)
Material Reconciling Items        
Reconciling items:        
Acquisition-related costs   (111)   (187)
Selling, general, and administrative (81,999) (75,902) (158,179) (147,350)
Depreciation and amortization (97,784) (83,197) (195,518) (161,123)
Change in fair value of bitcoin (74,607) 470,812 (401,276) 262,772
Change in fair value of derivatives (8,362) (42,747) (60,214) (853)
Power curtailment credits 10,054 8,313 31,077 16,114
Change in fair value of contingent consideration   9,390   17,642
(Loss) gain on sale/exchange of equipment   (350)   (479)
Casualty-related (charges) recoveries, net (3) 119 (3) 119
Interest income 3,623 3,334 5,936 6,731
Interest expense (2,687) (6,093) (5,305) (8,401)
Loss on equity method investment - marketable securities   6,143   (57,095)
Loss on contract settlement   (158,137)   (158,137)
Gain on acquisition post-close dispute settlement   $ 26,007   $ 26,007
Impairment of property and equipment $ (27,972)   $ (27,972)