v3.26.1
Segment Reporting - Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Reconciliation of revenue        
Total consolidated cost of revenue $ 32,113 $ 25,659 $ 60,039 $ 50,758
Reconciling Items:        
Depreciation and amortization expenses (10,088) (8,224) (20,124) (15,466)
Impairment of capitalized software assets 5,006 5,006
General and administrative expenses (22,568) (19,667) (50,195) (27,937)
(Losses) gains on digital assets (28,841) 27,155 (149,911) (22,051)
Interest expense (8,062) (13,147)
Net (loss) income before taxes (113,126) 16,465 (262,981) (40,575)
Other (expense) income, net (8,484) 4,727 (21,417) 395
Operating Segments [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 31,806 25,321 59,349 50,140
Reconciliation of revenue        
Segment gross profit 18,294 12,136 33,733 24,200
Reconciling Items:        
Other profit 307 338 690 618
Depreciation and amortization expenses (10,088) (8,224) (20,124) (15,466)
Impairment of capitalized software assets (5,006) (5,006)
General and administrative expenses (22,568) (19,667) (50,195) (27,937)
(Losses) gains on digital assets (28,841) 27,155 (149,911) (22,051)
Interest expense (8,062) (13,147)
Net (loss) income before taxes (113,126) 16,465 (262,981) (40,575)
Gains on digital intangible assets 11,324 11,324
Impairment of digital intangible assets (46,035) (46,035)
Net gain (loss) from disposal of property and equipment 1,822 (334)
Other (expense) income, net (8,484) 4,727 (21,417) 395
Change in fair value of derivative liability (13,967) (4,715)
Less:        
Electricity costs 2,637 5,206 6,578 10,232
Profit sharing fees 422 1,052 1,039 2,242
Datacenter lease expense 1,648 1,522 3,511 2,947
GPU lease expense 5,601 3,749 9,316 7,497
Wage expense 253 170 458 170
Service costs - ETH staking 42 30 163 62
Third-party customer support fees 1,250   1,398  
Other segment items 1,659 [1] 1,456 [2] 3,153 [3] 2,790 [4]
Intersegment cost of revenue 26   35  
Segment cost of revenue 13,538 13,185 25,651 25,940
Operating Segments [Member] | Digital asset mining [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 2,371 6,632 6,076 14,409
Reconciliation of revenue        
Segment gross profit 610 556 1,064 2,210
Less:        
Electricity costs 1,140 4,334 3,345 8,567
Profit sharing fees 422 1,052 1,039 2,242
Datacenter lease expense
GPU lease expense
Wage expense
Service costs - ETH staking
Third-party customer support fees    
Other segment items 199 [1] 690 [2] 628 [3] 1,390 [4]
Intersegment cost of revenue    
Segment cost of revenue 1,761 6,076 5,012 12,199
Operating Segments [Member] | Cloud services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 23,806 16,595 40,573 31,438
Reconciliation of revenue        
Segment gross profit 13,817 10,204 23,796 18,959
Less:        
Electricity costs 739 602 1,644 1,172
Profit sharing fees
Datacenter lease expense 1,578 1,366 2,974 2,640
GPU lease expense 5,601 3,749 9,316 7,497
Wage expense
Service costs - ETH staking
Third-party customer support fees 1,250   1,398  
Other segment items 795 [1] 674 [2] 1,410 [3] 1,170 [4]
Intersegment cost of revenue 26   35  
Segment cost of revenue 9,989 6,391 16,777 12,479
Operating Segments [Member] | Colocation services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 4,726 1,729 9,500 3,367
Reconciliation of revenue        
Segment gross profit 3,006 1,041 5,836 2,167
Less:        
Electricity costs 758 270 1,589 493
Profit sharing fees
Datacenter lease expense 70 156 537 307
GPU lease expense
Wage expense 253 170 458 170
Service costs - ETH staking
Third-party customer support fees    
Other segment items 665 [1] 92 [2] 1,115 [3] 230 [4]
Intersegment cost of revenue      
Segment cost of revenue 1,746 688 3,699 1,200
Operating Segments [Member] | ETH staking [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 903 365 3,200 926
Reconciliation of revenue        
Segment gross profit 861 335 3,037 864
Less:        
Electricity costs
Profit sharing fees
Datacenter lease expense
GPU lease expense
Wage expense
Service costs - ETH staking 42 30 163 62
Third-party customer support fees    
Other segment items [1] [2] [3] [4]
Intersegment cost of revenue    
Segment cost of revenue 42 30 163 62
Operating Segments [Member] | Intersegment revenue [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 26   35  
Operating Segments [Member] | Intersegment revenue [Member] | Digital asset mining [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers    
Operating Segments [Member] | Intersegment revenue [Member] | Cloud services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers    
Operating Segments [Member] | Intersegment revenue [Member] | Colocation services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 26   35  
Operating Segments [Member] | Intersegment revenue [Member] | ETH staking [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers    
Operating Segments [Member] | Segment revenue [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 31,832   59,384  
Operating Segments [Member] | Segment revenue [Member] | Digital asset mining [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 2,371   6,076  
Operating Segments [Member] | Segment revenue [Member] | Cloud services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 23,806   40,573  
Operating Segments [Member] | Segment revenue [Member] | Colocation services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 4,752   9,535  
Operating Segments [Member] | Segment revenue [Member] | ETH staking [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 903   3,200  
Operating Segments [Member] | Other revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue 307 [5] 338 [6] 690 [7] 618 [8]
Operating Segments [Member] | Other revenue [Member] | Colocation services [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue 307 [5] 338 [6] [7] [8]
Operating Segments [Member] | Elimination of intersegment revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue (26)   (35)  
Operating Segments [Member] | Total consolidated revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue 32,113 $ 25,659 60,039 $ 50,758
Operating Segments [Member] | Elimination of intersegment cost of revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue (26)   (35)  
Operating Segments [Member] | Total consolidated cost of revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue $ 13,512   $ 25,616  
[1] All amounts included within other segment items are individually insignificant.
[2] All amounts included within other segment items are individually insignificant.
[3] All amounts included within Other segment items are individually insignificant.
[4] All amounts included within Other segment items are individually insignificant.
[5] Other revenue is primarily attributable to equipment leasing revenue and is therefore not included in the total for segment gross profit.
[6] Other revenue is primarily attributable to equipment leasing revenue and is therefore not included in the total for segment gross profit.
[7] Other revenue is primarily attributable to Equipment Leasing and is therefore not included in the total for segment gross profit.
[8] Other revenue is primarily attributable to Equipment Leasing and is therefore not included in the total for segment gross profit.