v3.26.3
Digital Assets and Digital Assets Receivables - Schedule of Reconciliation Digital Assets (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Crypto Asset [Roll Forward]    
Beginning balance $ 85,488 $ 93,671
Additions [1] 1,262,101 210,127
Dispositions [2] (1,284,199) (118,124)
Gains [4] [3] 24,411
Losses [4] (28,628) (5,013)
Ending balance $ 34,762 $ 205,072
[1] Additions arise mainly from the Group’s ordinary operating activities, particularly digital asset self-mining and receipt of digital assets from customers as payment for mining-related services. Additions are also inclusive of refund of pledged collateral from a related party of US$314.7 million.
[2] Dispositions arise from sales for fiat currency and the use of digital assets to settle operating obligations. Dispositions are also inclusive of transactions with a related party, comprising digital assets transferred as pledged collateral of US$357.6 million and digital assets of US$6.4 million used to pay the premium on put option transactions. Refer to Note 20.
[3] Amount less than US$1,000
[4] The Group measures gains and losses by each asset held. These amounts include cumulative realized losses of US$19.2 million and gains of $0.2 million, and unrealized losses of US$9.4 million and gains of US$19.2 million, during the six months ended June 30, 2026 and 2025, respectively.