v3.26.3
FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Liabilities Measurement on Recurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets included in:    
Cash and cash equivalents, money market securities $ 602,581 $ 535,085
Restricted cash, money market securities 2,196,435 2,035,631
Bitcoin 25,943 125,400
Accounts receivable, bitcoin receivable 285 687
Prepaid expenses and other current assets, Investments at fair value 18,548  
Derivative asset 8,770 56,810
Assets, fair value 2,852,562 2,753,613
Liabilities included in:    
Warrant liability 504,880 525,160
Liabilities, fair value 504,880 525,160
Level 1    
Assets included in:    
Cash and cash equivalents, money market securities 602,581 535,085
Restricted cash, money market securities 2,196,435 2,035,631
Bitcoin 25,943 125,400
Accounts receivable, bitcoin receivable 285 687
Prepaid expenses and other current assets, Investments at fair value 18,548  
Derivative asset 0 0
Assets, fair value 2,843,792 2,696,803
Liabilities included in:    
Warrant liability 0 0
Liabilities, fair value 0 0
Level 2    
Assets included in:    
Cash and cash equivalents, money market securities 0 0
Restricted cash, money market securities 0 0
Bitcoin 0 0
Accounts receivable, bitcoin receivable 0 0
Prepaid expenses and other current assets, Investments at fair value 0  
Derivative asset 0 0
Assets, fair value 0 0
Liabilities included in:    
Warrant liability 0 0
Liabilities, fair value 0 0
Level 3    
Assets included in:    
Cash and cash equivalents, money market securities 0 0
Restricted cash, money market securities 0 0
Bitcoin 0 0
Accounts receivable, bitcoin receivable 0 0
Prepaid expenses and other current assets, Investments at fair value 0  
Derivative asset 8,770 56,810
Assets, fair value 8,770 56,810
Liabilities included in:    
Warrant liability 504,880 525,160
Liabilities, fair value $ 504,880 $ 525,160