Bitcoin - Schedule of bitcoin holdings (Details) $ in Thousands |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
|
Sep. 30, 2026
USD ($)
item
|
Sep. 30, 2025
USD ($)
item
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Sep. 30, 2026
USD ($)
item
|
Sep. 30, 2025
USD ($)
item
|
Dec. 31, 2025
USD ($)
|
May 20, 2025
USD ($)
|
Apr. 22, 2025
USD ($)
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|
| Line of Credit Facility [Line Items] | |||||||
| Beginning balance | $ 1,575,441 | $ 1,654,468 | |||||
| Beginning balance, quantity | item | 18,005 | 17,722 | |||||
| Revenue recognized from bitcoin mined | $ 115,990 | $ 160,792 | $ 341,621 | $ 444,540 | |||
| Revenue recognized from bitcoin mined quantity | item | 4,697 | 4,362 | |||||
| Change in bitcoin receivable | $ (122) | $ (149) | |||||
| Change in bitcoin receivable quantity | item | (2) | 2 | |||||
| Proceeds from sale of bitcoin | $ (1,483,958) | $ (290,953) | |||||
| Proceeds from sale of bitcoin quantity | item | (20,264) | (2,762) | |||||
| Exchange of bitcoin for employee compensation | $ (1,618) | $ (3,745) | |||||
| Exchange of bitcoin for employee compensation quantity | item | (18) | (37) | |||||
| Change in fair value of bitcoin | 171,907 | 133,120 | $ (229,369) | $ 395,892 | |||
| Ending balance | $ 201,995 | $ 2,200,053 | $ 201,995 | $ 2,200,053 | |||
| Ending balance, Quantity | item | 2,418 | 19,287 | 2,418 | 19,287 | |||
| Carrying value of bitcoin | $ 168,814 | $ 1,277,024 | $ 168,814 | $ 1,277,024 | |||
| Realized losses on the sale or exchange of bitcoin | (176,008) | 29,455 | (289,217) | 33,389 | |||
| Bitcoin | 201,995 | $ 1,823,630 | 201,995 | $ 1,823,630 | $ 1,227,462 | ||
| Bitcoin quantity | item | 15,987 | 15,987 | |||||
| Restricted bitcoin | $ 376,423 | $ 376,423 | |||||
| Restricted bitcoin quantity | item | 3,300 | 3,300 | |||||
| $200 Million Credit Facility | |||||||
| Line of Credit Facility [Line Items] | |||||||
| Maximum borrowing capacity | $ 200,000 | $ 200,000 | $ 200,000 | $ 100,000 | |||