v3.26.3
Segment Reporting - Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM (Details) - Operating Segments [Member] - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers $ 26,773 $ 30,010 $ 86,122 $ 80,150
Reconciliation of revenue        
Segment gross profit 14,883 17,874 48,616 42,074
Reconciling Items:        
Other profit [1] 294 455 984 1,073
Depreciation and amortization expenses (11,067) (9,636) (31,191) (25,102)
Impairment of capitalized software assets (5,006)
General and administrative expenses (25,478) (33,095) (75,673) (61,032)
Gains (losses) on digital assets 84,040 168,041 (65,871) 145,990
Gains on digital intangible assets 5,381 16,705
Impairment of digital intangible assets (3,219) (1,836) (49,254) (1,836)
Net gain (loss) from disposal of property and equipment 93 (539) 1,915 (873)
Induced conversion expense (80,767) (80,767)
Other (expense) income, net 17,445 6,159 (3,972) 6,554
Change in fair value of derivative liability 10,736 6,021
Interest expense (10,397) (23,544)
Net (loss) income before taxes 1,944 147,423 (261,037) 106,848
Less:        
Electricity costs 2,658 4,546 9,236 14,778
Profit sharing fees 128 993 1,167 3,235
Data center lease expense 2,240 1,547 5,751 4,493
GPU lease expense 2,861 3,454 12,177 10,951
Wage expense 359 92 817 262
Service costs - ETH staking 71 113 234 175
Third-party customer support fees 1,219   2,617  
Other segment items [2] 2,354 1,391 5,507 4,182
Intersegment cost of revenue 29   64  
Segment cost of revenue 11,919 12,136 37,570 38,076
Digital asset mining [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 2,022 7,416 8,098 21,825
Reconciliation of revenue        
Segment gross profit 548 2,383 1,612 4,593
Less:        
Electricity costs 1,126 3,626 4,471 12,193
Profit sharing fees 128 993 1,167 3,235
Data center lease expense
GPU lease expense
Wage expense
Service costs - ETH staking
Third-party customer support fees    
Other segment items [2] 220 414 848 1,804
Intersegment cost of revenue    
Segment cost of revenue 1,474 5,033 6,486 17,232
Cloud services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 18,106 18,033 58,679 49,470
Reconciliation of revenue        
Segment gross profit 10,170 11,718 33,966 30,676
Less:        
Electricity costs 823 631 2,467 1,803
Profit sharing fees
Data center lease expense 1,883 1,381 4,857 4,020
GPU lease expense 2,861 3,454 12,177 10,951
Wage expense
Service costs - ETH staking
Third-party customer support fees 1,219   2,617  
Other segment items [2] 1,121 849 2,531 2,020
Intersegment cost of revenue 29   64  
Segment cost of revenue 7,936 6,315 24,713 18,794
Colocation services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 5,617 1,692 15,117 5,060
Reconciliation of revenue        
Segment gross profit 3,208 1,017 9,044 3,185
Less:        
Electricity costs 709 289 2,298 782
Profit sharing fees
Data center lease expense 357 166 894 473
GPU lease expense
Wage expense 359 92 817 262
Service costs - ETH staking
Third-party customer support fees    
Other segment items [2] 1,013 128 2,128 358
Intersegment cost of revenue    
Segment cost of revenue 2,438 675 6,137 1,875
ETH staking [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 1,028 2,869 4,228 3,795
Reconciliation of revenue        
Segment gross profit 957 2,756 3,994 3,620
Less:        
Electricity costs
Profit sharing fees
Data center lease expense
GPU lease expense
Wage expense
Service costs - ETH staking 71 113 234 175
Third-party customer support fees    
Other segment items [2]
Intersegment cost of revenue    
Segment cost of revenue 71 113 234 175
Intersegment revenue [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 29   64  
Intersegment revenue [Member] | Digital asset mining [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers    
Intersegment revenue [Member] | Cloud services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers    
Intersegment revenue [Member] | Colocation services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 29   64  
Intersegment revenue [Member] | ETH staking [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers    
Segment revenue [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 26,802   86,186  
Segment revenue [Member] | Digital asset mining [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 2,022   8,098  
Segment revenue [Member] | Cloud services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 18,106   58,679  
Segment revenue [Member] | Colocation services [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 5,646   15,181  
Segment revenue [Member] | ETH staking [Member]        
Schedule of Segment Revenue and Segment Gross Profit Reviewed by the CODM Line Items]        
Revenue from external customers 1,028   4,228  
Other revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue [3] 294 455 984 1,073
Elimination of intersegment revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue (29)   (64)  
Total consolidated revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue 27,067 $ 30,465 87,106 $ 81,223
Elimination of intersegment cost of revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue (29)   (64)  
Total consolidated cost of revenue [Member]        
Reconciliation of revenue        
Total consolidated cost of revenue $ 11,890   $ 37,506  
[1] Other profit is primarily attributable to equipment leasing and is therefore not included in the total for segment gross profit.
[2] All amounts included within Other segment items are individually insignificant.
[3] Other revenue is primarily attributable to Equipment Leasing and is therefore not included in the total for segment gross profit.