v3.26.3
Segment Information - Schedule of reportable segments gross margin to net income (loss) before taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Reconciling items:        
Acquisition-related costs       $ (187)
Selling, general, and administrative $ (68,036) $ (69,832) $ (226,215) (217,182)
Depreciation and amortization (123,921) (82,929) (319,439) (244,052)
Power curtailment credits 24,664 30,634 55,741 46,748
Change in fair value of contingent consideration   1   (17,641)
Casualty-related (charges) recoveries, net   47 (3) 166
Interest income 5,622 3,919 11,558 10,650
Interest expense (2,748) (8,052) (8,053) (16,453)
Gain (loss) on equity method investment - marketable securities       (28,192)
Loss on contract settlement       (158,137)
Gain on acquisition post-close dispute settlement       26,007
Impairment of property and equipment (18,453) (15,279) (46,425) (15,279)
Other income (expense) 9 1,344 1,218 1,681
Net income (loss) before taxes 4,107 106,165 (733,354) 30,009
Operating segments        
Reportable segment revenue:        
Segment gross profit (loss) 43,928 77,235 122,344 222,156
Reconciling items:        
Segment gross profit (loss) 43,928 77,235 122,344 222,156
Intersegment eliminations        
Reportable segment revenue:        
Segment gross profit (loss) (2,574) (6,818) (8,206) (18,152)
Reconciling items:        
Segment gross profit (loss) (2,574) (6,818) (8,206) (18,152)
Other revenue        
Reportable segment revenue:        
Segment gross profit (loss)   340   (5,500)
Reconciling items:        
Segment gross profit (loss)   340   (5,500)
Material Reconciling Items        
Reconciling items:        
Acquisition-related costs       (187)
Selling, general, and administrative (68,036) (69,832) (226,215) (217,182)
Depreciation and amortization (123,921) (82,929) (319,439) (244,052)
Change in fair value of bitcoin 171,907 133,120 (229,369) 395,892
Change in fair value of derivatives (26,323) 10,792 (86,537) 9,939
Power curtailment credits 24,664 30,634 55,741 46,748
Change in fair value of contingent consideration   (1)   17,641
(Loss) gain on sale/exchange of equipment 32 2,742 32 2,263
Casualty-related (charges) recoveries, net   47 (3) 166
Interest income 5,622 3,919 11,558 10,650
Interest expense (2,748) (8,052) (8,053) (16,453)
Gain (loss) on equity method investment - marketable securities   28,903   (28,192)
Loss on contract settlement       (158,137)
Gain on acquisition post-close dispute settlement       26,007
Impairment of property and equipment $ (18,453) $ (15,279) $ (46,425) $ (15,279)