v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets [Abstract]  
GOODWILL AND INTANGIBLE ASSETS

17. GOODWILL AND INTANGIBLE ASSETS

 

Goodwill

 

The components of goodwill as of June 30, 2026 are as follows:

 

    As of
June 30,
2026		  
       
Enovum Data Centers Corp.   $ 19,402  
Total goodwill   $ 19,402  

 

Finite-lived intangible assets

 

Finite-lived intangible assets consist of customer relationships. Intangible assets with definite lives are amortized over their estimated useful lives.

 

The following table presents the Company’s finite-lived intangible assets as of June 30, 2026:

 

    As of June 30, 2026  
    Cost     Accumulated
amortization		     Net  
Customer relationships   $ 13,486     $ (1,485 )   $ 12,001  
Total   $ 13,486     $ (1,485 )   $ 12,001  

 

The following table presents the Company’s finite-lived intangible assets as of December 31, 2025:

 

    As of December 31, 2025  
    Cost     Accumulated
amortization		     Net  
Customer relationships   $ 13,486     $ (665 )   $ 12,821  
Total   $ 13,486     $ (665 )   $ 12,821  

 

The following table presents the Company’s estimated future amortization of finite-lived intangible assets as of June 30, 2026:

 

2026   $ 347  
2027     693  
2028     693  
2029     693  
2030     693  
Thereafter     8,882  
Total   $ 12,001  

 

Amortization expense for finite-lived intangible assets for the three months ended June 30, 2026 and June 30, 2025 was $0.2 million and $0.2 million, respectively and for the six months ended June 30, 2026 and June 30, 2025 was $0.4 million and $0.4 million, respectively. The Company did not identify any impairment of its finite-lived intangible assets during the six months ended June 30, 2026.