XML 138 R122.htm IDEA: XBRL DOCUMENT v3.25.1
PROPERTY AND EQUIPMENT (Tables)
 3 Months Ended
Mar. 31, 2025
Galaxy Digital Holdings, LP  
Property, Plant and Equipment [Line Items]  
Schedule of Property and Equipment
The following table represents property and equipment balances and accumulated depreciation as of the period ended March 31, 2025 and year ended December 31, 2024:
(in thousands)March 31, 2025December 31, 2024
Corporate assets (1)
$12,150 $11,093 
Mining equipment165,942 172,572 
Data center infrastructure (2)
105,324 113,710 
Land16,487 12,809 
WIP / Construction in progress (3)
125,776 35,777 
Property and equipment, gross
425,679 345,961 
Less: Accumulated depreciation(63,252)(57,934)
Less: Impairment / Loss on disposal (4)
(100,211)(50,989)
Property and equipment, net
$262,216 $237,038 
_______________
(1)Corporate assets balances primarily relate to computer equipment, leasehold improvements, and furniture and fixtures.
(2)Data center infrastructure comprises land and improvements associated with our mining and AI/HPC leasing businesses.
(3)As of March 31, 2025 and December 31, 2024, WIP/Construction in progress related to data center infrastructure under construction.
(4)Recognized in General and administrative expenses in the Company’s condensed consolidated interim statements of operations.
The following table represents property and equipment balances and accumulated depreciation as of December 31, 2024 and 2023:
(in thousands)December 31, 2024December 31, 2023
Corporate assets (1)
$11,093 $9,625 
Mining equipment172,572 78,737 
Mining infrastructure
113,710 86,156 
Land12,809 10,490 
WIP / Construction in progress (2)
35,777 105,036 
Property and equipment, gross
345,961 290,044 
Less: Accumulated depreciation(57,934)(25,808)
Less: Impairment / Loss on disposal (3)
(50,989)(50,888)
Property and equipment, net
$237,038 $213,348 
_______________
(1)Corporate assets balances primarily relate to computer equipment, leasehold improvements, and furniture and fixtures.
(2)As of December 31, 2024, WIP/Construction in Progress related to mining infrastructure under construction. As of December 31, 2023, WIP/Construction in Progress related to mining equipment of $85.0 million and mining infrastructure under construction of $20.0 million.
(3)Recognized in General and administrative expenses in the Company’s consolidated statements of operations.