Condensed Consolidated Interim Statements of Operations and Other Comprehensive Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues | $ 8,557,336 | $ 8,661,555 | $ 18,598,780 | $ 21,637,761 | |||||||||
| Gains / (losses) from operations | 134,320 | 395,094 | 306,101 | 274,763 | |||||||||
| Data center leasing revenue | 18,877 | 0 | 18,877 | 0 | |||||||||
| Revenues and gains / (losses) from operations | 8,710,533 | 9,056,649 | 18,923,758 | 21,912,524 | |||||||||
| Operating expenses: | |||||||||||||
| Transaction expenses | 8,485,821 | 8,629,940 | 18,502,566 | 21,576,949 | |||||||||
| Impairment of digital assets | 181,348 | 127,477 | 465,750 | 239,906 | |||||||||
| Compensation and benefits | 83,996 | 64,969 | 167,544 | 121,922 | |||||||||
| General and administrative | 18,766 | 11,783 | 33,348 | 85,745 | |||||||||
| Depreciation and amortization | 9,161 | 7,458 | 15,000 | 20,071 | |||||||||
| Technology | 16,254 | 11,598 | 31,017 | 21,485 | |||||||||
| Professional fees | 19,012 | 22,791 | 30,043 | 43,563 | |||||||||
| Notes interest expense | 25,098 | 14,240 | 42,674 | 28,311 | |||||||||
| Total operating expenses | 8,839,456 | 8,890,256 | 19,287,942 | 22,137,952 | |||||||||
| Other income / (expense): | |||||||||||||
| Unrealized gain / (loss) on notes payable - derivative | 0 | (125,150) | 0 | (35,544) | |||||||||
| Other income / (expense), net | 736 | 918 | 1,440 | 1,590 | |||||||||
| Total other income / (expense) | 736 | (124,232) | 1,440 | (33,954) | |||||||||
| Net income / (loss) before taxes | (128,187) | 42,161 | (362,744) | (259,382) | |||||||||
| Income taxes expense / (benefit) | (42,871) | 11,470 | (61,117) | 5,358 | |||||||||
| Net income / (loss) | (85,316) | 30,691 | (301,627) | (264,740) | |||||||||
| Other comprehensive income (loss), net of tax | |||||||||||||
| Change in fair value of cash flow hedges | 3,492 | 0 | 8,043 | 0 | |||||||||
| Other comprehensive income (loss) | 3,492 | 0 | 8,043 | 0 | |||||||||
| Comprehensive income (loss) | (81,824) | 30,691 | (293,584) | (264,740) | |||||||||
| Class B Unit holders of GDH LP | 0 | (19,255) | 0 | (204,745) | |||||||||
| Noncontrolling interests | (65,636) | 35,446 | (187,482) | 35,446 | |||||||||
| Class A common stockholders of the Company | [1] | $ (16,188) | $ 14,500 | $ (106,102) | $ (95,441) | ||||||||
| Weighted average shares outstanding used to compute net income / (loss) per share | |||||||||||||
| Basic (in share) | [2] | 192,869,271 | 143,103,474 | 192,474,019 | 135,525,464 | ||||||||
| Diluted (in shares) | 192,869,271 | [2] | 371,717,071 | [2] | 390,465,556 | 349,390,820 | [2] | ||||||
| Class A Common Stock | |||||||||||||
| Net income / (loss) per share of Class A common stock | |||||||||||||
| Net income (loss) used in calculation of net income / (loss) per share of Class A common stock | $ (17,913) | [3] | $ 14,500 | [3] | $ (110,066) | $ (95,441) | [3] | ||||||
| Basic (in dollars per share) | [3] | $ (0.09) | $ 0.10 | $ (0.57) | $ (0.70) | ||||||||
| Diluted (in dollars per share) | [3] | $ (0.09) | $ 0.08 | $ (0.58) | $ (0.76) | ||||||||
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- Definition Comprehensive Income (Loss), Net of Tax, Attributable to Class A Common Stockholders No definition available.
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- Definition Comprehensive Income (Loss), Net of Tax, Attributable to Class B Unit Holders No definition available.
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- Definition Comprehensive Income (Loss), Net of Tax, Attributable to Nonredeemable Interest No definition available.
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- Definition Data Center Leasing Revenue No definition available.
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- Definition Gains (Losses) From Operations No definition available.
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- Definition Revenues And Gains (Losses) From Operations No definition available.
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- Definition Transaction Expenses No definition available.
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- Definition Amount of impairment loss for asset. Includes, but is not limited to, tangible and intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount, after reclassification, of tax expense (benefit) for gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness, attributable to parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Details
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