v3.26.3
SEGMENT REPORTING - Schedule of Total Revenues, Significant Expenses, Operating Income and Net Income by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Revenue $ 26,701 $ 71,707 $ 86,376 $ 164,231
Costs and operating (expenses) income        
Cost of revenue (15,364) (26,733) (48,116) (56,957)
Depreciation and amortization (18,821) (59,549) (57,200) (147,102)
Change in fair value of power purchase agreement (13,910) (9,030) (48,040) (17,180)
Equity in losses of equity investees 0 (1,479) (1,601) (8,472)
Unrealized gains (losses) on fair value of bitcoin 12,394 108 33,055 (2,927)
Realized gains (losses) on sale of bitcoin 481 7,535 (47,251) 16,092
Direct operating expenses (2,009) 0 (2,017) 0
Other segment items 1,518 2,437 (11,747) 1,971
Segment operating income (loss) (9,010) (15,004) (96,541) (50,344)
Other operating items (62,905) (22,613) (168,479) (70,604)
Operating loss (71,915) (37,617) (265,020) (120,948)
Interest income 32,684 457 100,135 943
Interest expense (58,994) (1,286) (184,888) (3,200)
Other non-operating items 129,767 34,860 244 35,924
Income (loss) before taxes 31,542 (3,586) (349,529) (87,281)
Total income tax benefit (expense) 54 303 (720) (758)
Net income (loss) 31,596 (3,283) (350,249) (88,039)
Operating Segments | Bitcoin Mining        
Segment Reporting [Line Items]        
Revenue 20,849 71,707 80,524 164,231
Costs and operating (expenses) income        
Cost of revenue (14,638) (26,733) (46,487) (56,957)
Depreciation and amortization (16,415) (59,549) (52,678) (147,102)
Change in fair value of power purchase agreement (13,910) (9,030) (48,040) (17,180)
Equity in losses of equity investees 0 (1,479) (1,601) (8,472)
Unrealized gains (losses) on fair value of bitcoin 12,394 108 33,055 (2,927)
Realized gains (losses) on sale of bitcoin 481 7,535 (47,251) 16,092
Direct operating expenses 0 0 0 0
Other segment items 4,257 2,443 (9,096) 4,290
Segment operating income (loss) (6,982) (14,998) (91,574) (48,025)
Operating Segments | HPC Leasing        
Segment Reporting [Line Items]        
Revenue 5,852 0 5,852 0
Costs and operating (expenses) income        
Cost of revenue (726) 0 (1,629) 0
Depreciation and amortization (2,406) 0 (4,522) 0
Change in fair value of power purchase agreement 0 0 0 0
Equity in losses of equity investees 0 0 0 0
Unrealized gains (losses) on fair value of bitcoin 0 0 0 0
Realized gains (losses) on sale of bitcoin 0 0 0 0
Direct operating expenses (2,009) 0 (2,017) 0
Other segment items (2,739) (6) (2,651) (2,319)
Segment operating income (loss) $ (2,028) $ (6) $ (4,967) $ (2,319)