v3.26.3
Accrued Expenses and Other Liabilities
 6 Months Ended
Jun. 30, 2026
Accrued Expenses and Other Liabilities [Abstract]  
ACCRUED EXPENSES AND OTHER LIABILITIES
16. ACCRUED EXPENSES AND OTHER LIABILITIES

 

Accrued expenses and other liabilities consist of the following:

 

    At
June 30,		     At
December 31,		  
In thousands of USD   2026     2025  
Deposits from customers(1)     18,081       25,571  
Accrued operating expenses     11,629       10,242  
Payables for surtaxes     6,213       8,357  
Interest payable     9,886       3,682  
Payable to the former owners in Norway Acquisition(2)     2,195       2,168  
Payables for staff-related costs     4,595       3,484  
Asset retirement obligation     3,499       2,650  
Others     1,882       1,223  
Total     57,980       57,377  
                 
Current     54,181       54,964  
Noncurrent     3,799       2,413  
      57,980       57,377  

 

(1) Consists of digital asset-settled balances of US$17.4 million (consisting principal amount of US$25.2 million and embedded derivative asset of US$7.8 million) and US$24.7 million (consisting principal amount of US$25.2 million and embedded derivative asset of US$0.5 million) as of June 30, 2026 and December 31, 2025, respectively.

 

(2) Represents the balance due to the former owners of the Norwegian datacenter business acquired by the Group in April 2024 (the “Norway Acquisition”), being a normal annual dividend authorized prior to the acquisition. It is thus accounted for as part of the liabilities assumed from the business combination, and listed in other payables.