v3.26.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2026
Goodwill and Intangible Assets [Abstract]  
GOODWILL AND INTANGIBLE ASSETS

16. GOODWILL AND INTANGIBLE ASSETS

 

Goodwill

 

The components of goodwill as of September 30, 2026 are as follows:

 

    As of
September 30,
2026		  
       
Enovum Data Centers Corp.   $ 19,474  
Total goodwill   $ 19,474  

 

Finite-lived intangible assets

 

Finite-lived intangible assets consist of customer relationships. Intangible assets with definite lives are amortized over their estimated useful lives.

 

The following table presents the Company’s finite-lived intangible assets as of September 30, 2026:

 

    As of September 30, 2026  
    Cost     Accumulated
amortization		     Net  
Customer relationships   $ 13,486     $ (1,614 )   $ 11,872  
Total   $ 13,486     $ (1,614 )   $ 11,872  

 

The following table presents the Company’s finite-lived intangible assets as of December 31, 2025:

 

    As of December 31, 2025  
    Cost     Accumulated
amortization		     Net  
Customer relationships   $ 13,486     $ (665 )   $ 12,821  
Total   $ 13,486     $ (665 )   $ 12,821  

 

The following table presents the Company’s estimated future amortization of finite-lived intangible assets as of September 30, 2026:

 

2026   $ 173  
2027     693  
2028     693  
2029     693  
2030     693  
Thereafter     8,927  
Total   $ 11,872  

 

Amortization expense for finite-lived intangible assets for the three months ended September 30, 2026 and September 30, 2025 was $0.2 million and $0.2 million, respectively and for the nine months ended September 30, 2026 and September 30, 2025 was $0.5 million and $0.5 million, respectively. The Company did not identify any impairment of its finite-lived intangible assets during the nine months ended September 30, 2026.