v3.26.3
ORGANIZATION (Details)
shares in Millions
 9 Months Ended
Oct. 16, 2026
USD ($)
shares
Mar. 23, 2026
USD ($)
day
Sep. 30, 2026
USD ($)
facilitySite
dataCenter
MW
Sep. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Jun. 30, 2025
USD ($)
May 22, 2025
USD ($)
Dec. 31, 2024
USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Number of facility sites for high performance compute tenant, in progress | facilitySite     2            
Number of additional facility sites for high performance compute hosting, expected | facilitySite     7            
Number of bitcoin wholly-owned data centers | dataCenter     1            
Bitcoin held for sale, minimum holding period before sale to be classified as investing activity     7 days            
Cash and cash equivalents     $ 656,009,000 $ 1,207,440,000   $ 628,263,000      
Working capital     1,016,800,000            
Stockholders' equity     600,255,000 783,195,000 $ 562,057,000 805,535,000 $ 748,904,000   $ 681,953,000
Accumulated deficit     1,353,896,000     1,003,656,000      
Cash used in operating activities     283,194,000 153,506,000          
Proceeds from sale of bitcoin     168,941,000 150,226,000          
Cost of equipment transferred from deposits on equipment     2,517,241,000 262,969,000          
Outstanding principal amount     $ 6,016,312,000     $ 3,205,500,000      
2030 Convertible Notes | Convertible Debt                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Debt instrument, face amount               $ 172,500,000  
Stated interest percentage     1.75%     1.75%   1.75%  
Outstanding principal amount     $ 172,500,000     $ 172,500,000      
2030 Convertible Notes | Convertible Debt | Subsequent Event                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Debt conversion, converted instrument, amount $ 165,900,000                
Debt conversion, converted instrument, shares issued (in shares) | shares 40.7                
Outstanding principal amount $ 6,600,000                
2031 Convertible Notes | Convertible Debt                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Debt instrument, face amount       $ 1,300,000,000          
Stated interest percentage     0.00% 0.00%   0.00%      
Outstanding principal amount     $ 1,300,000,000     $ 1,300,000,000      
Morgan Stanley Senior Funding Credit Facility | Revolving Credit Facility | Line of Credit                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Maximum borrowing capacity   $ 200,000,000.0              
Facility, accordion feature, increase limit   $ 50,000,000.0              
Number of days convertible debt outstanding prior to maturity date of facility | day   91              
2032 Convertible Notes | Convertible Debt | Subsequent Event                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Debt instrument, face amount $ 850,000,000.0                
Stated interest percentage 0.00%                
Wink, Texas                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Capacity of data center (in megawatts) | MW     300            
Colorado City, Texas                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Capacity of data center (in megawatts) | MW     300            
West Texas                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Capacity of data center (in megawatts) | MW     100            
Odessa, Texas                  
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                  
Capacity of data center (in megawatts) | MW     207