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REVENUE (Tables) | 9 Months Ended
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Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents the Company's revenue disaggregated by revenue source (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenue from Contracts with Customers: |  |  |  |  |  |  |
Transaction-based revenue | $ | 1,297,040 |  |  | $ | 925,294 |  |  | $ | 3,484,245 |  |  | $ | 2,365,967 |
Subscription and services-based revenue | 636,841 |  |  | 430,010 |  |  | 1,793,308 |  |  | 1,032,168 |
Hardware revenue | 37,255 |  |  | 27,294 |  |  | 109,769 |  |  | 67,291 |
Bitcoin revenue | 1,815,662 |  |  | 1,633,764 |  |  | 8,051,026 |  |  | 2,815,318 |
Revenue from other sources: |  |  |  |  |  |  |
Subscription and services-based revenue | 57,929 |  |  | 17,512 |  |  | 144,321 |  |  | 57,864 |
Total net revenue | $ | 3,844,727 |  |  | $ | 3,033,874 |  |  | $ | 13,582,669 |  |  | $ | 6,338,608 |
Deferred Revenue | The deferred revenue balances were as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Deferred revenue, beginning of the period | $ | 59,501 |  |  | $ | 51,549 |  |  | $ | 51,804 |  |  | $ | 44,331 |
Deferred revenue, end of the period | 58,684 |  |  | 53,166 |  |  | 58,684 |  |  | 53,166 |
Deferred revenue arising from business combination | 1,068 |  |  | 800 |  |  | 6,448 |  |  | 800 |
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period | $ | 25,867 |  |  | $ | 17,560 |  |  | $ | 40,293 |  |  | $ | 33,885 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
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