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Digital Assets (Tables)

9 Months Ended

Sep. 30, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Summary of Digital Asset Holdings, Digital Asset Purchases and Digital Asset Impairment Losses

The following table summarizes the Company’s digital asset holdings (in thousands, except number of bitcoins), as of:


		September 30,				December 31,
		2023				2022
Approximate number of bitcoins held			158,245				132,500
Digital assets carrying value		$	2,451,374			$	1,840,028
Cumulative digital asset impairment losses		$	2,229,775			$	2,153,162

The following table summarizes the Company’s digital asset purchases and digital asset impairment losses (in thousands, except number of bitcoins) for the periods indicated. The Company did not sell any of its bitcoins during the three and nine months ended September 30, 2023 or 2022, respectively.


		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
Approximate number of bitcoins purchased			5,912				301				25,745				5,609
Digital asset purchases		$	161,681			$	5,978			$	687,959			$	231,478
Digital asset impairment losses		$	33,559			$	727			$	76,613			$	1,088,656