Leases (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Leases [Abstract] |
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| Schedule of Right-of-Use of Asset and Lease Liabilities |
As of June 30, 2026 and December 31, 2025, right-of-use asset and lease liabilities consisted of the following: | | | June 30,
2026 | | | December 31,
2025 | | | Operating right-of-use assets | | $ | 16,614 | | | $ | 11,574 | | | Finance right-of-use assets | | | - | | | | 12,602 | | | Total right-of-use-assets | | $ | 16,614 | | | $ | 24,176 | | | | | | | | | | | | | Operating lease liabilities | | $ | 15,376 | | | $ | 10,485 | | | Finance lease liabilities | | | - | | | $ | 12,911 | | | Total lease liabilities | | $ | 15,376 | | | $ | 23,396 | |
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| Schedule of Lease Expense |
The following table presents the components of the Company’s lease expense. GPU lease expenses and data center lease expenses related to operational data centers are included in cost of revenue; data center lease expenses incurred during construction and office lease expenses are included in general and administrative expenses: | | | For the Three Months Ended
June 30, | | | For the Six Months Ended
June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Operating lease costs | | $ | 7,551 | | | $ | 5,473 | | | $ | 13,044 | | | $ | 10,547 | | | Finance lease costs | | | 119 | | | | - | | | | 427 | | | | - | | | Short-term lease costs | | | 56 | | | | 56 | | | | 112 | | | | 112 | | | Sublease income | | | (6 | ) | | | (7 | ) | | | (13 | ) | | | (13 | ) | | Total lease costs | | $ | 7,720 | | | $ | 5,522 | | | $ | 13,570 | | | $ | 10,646 | | Additional information regarding the Company’s leasing activities as a lessee is as follows: | | | For the Three Months Ended
June 30, | | | For the Six Months Ended
June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Operating cash outflows from operating leases | | $ | (2,382 | ) | | $ | (1,723 | ) | | $ | (3,941 | ) | | $ | (3,050 | ) | | Operating cash outflows from finance lease | | $ | (63 | ) | | $ | - | | | $ | (216 | ) | | $ | - | | | Financing cash outflows from finance lease | | $ | (12,191 | ) | | $ | - | | | $ | (12,464 | ) | | $ | - | | | Weighted average remaining lease term – operating lease | | | 8.9 | | | | 21.4 | | | | 8.9 | | | | 21.4 | | | Weighted average remaining lease term – finance lease | | | - | | | | - | | | | - | | | | - | | | Weighted average discount rate – operating leases | | | 8.3 | % | | | 6.5 | % | | | 8.3 | % | | | 6.5 | % | | Weighted average discount rate – finance lease | | | - | | | | - | | | | - | | | | - | |
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| Schedule of Future Minimum Operating Lease Payments |
The following table represents our future minimum operating lease payments as of June 30, 2026: | Year | | Amount | | | 2026 | | $ | 3,268 | | | 2027 | | | 4,280 | | | 2028 | | | 2,465 | | | 2029 | | | 2,304 | | | 2030 | | | 2,358 | | | Thereafter | | | 5,760 | | | Total undiscounted lease payments | | | 20,435 | | | Less: present value discount | | | (5,059 | ) | | Present value of operating lease liabilities | | $ | 15,376 | |
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| Schedule of Components of Lease Income |
The components of lease income for the sales-type lease were as follows: | | | For the Three Months Ended
June 30, | | | For the Six Months Ended
June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Interest income related to net investment in lease | | $ | 307 | | | $ | 338 | | | $ | 689 | | | $ | 619 | |
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| Schedule of Components of Net Investment |
The components of net investment in sales-type leases were as follows: | | | June 30,
2026 | | | December 31,
2025 | | | Net investment in lease - lease payment receivable | | $ | 10,948 | | | $ | 13,948 | |
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| Schedule of Future Minimum Receipts for Sales-Type Lease |
The following table illustrates the Company’s future minimum receipts for sales-type lease as of June 30, 2026: | Year | | Sales-Type
Lease | | | 2026 | | $ | 1,819 | | | 2027 | | | 3,637 | | | 2028 | | | 3,637 | | | 2029 | | | 3,428 | | | 2030 | | | 849 | | | Total future minimum receipts | | | 13,370 | | | Unearned interest income | | | (2,393 | ) | | Less: Current expected credit losses | | | (29 | ) | | Net investment in lease, net | | $ | 10,948 | |
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| Schedule of Future Lease Payments |
The following table illustrates the future lease payments to be received from the Company’s sublease tenant as of June 30, 2026 were as follows: | Year | | Operating
Lease | | | 2026 | | $ | 13 | | | 2027 | | | 25 | | | 2028 | | | 25 | | | 2029 | | | 25 | | | 2030 | | | 25 | | | Thereafter | | | 46 | | | Total future receipts | | $ | 159 | |
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