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TRANSACTION EXPENSES

3 Months Ended

Mar. 31, 2025

Restructuring Cost and Reserve [Line Items]

TRANSACTION EXPENSES

The Company incurred the following Transaction expenses for the years ended December 31, 2024, 2023, and 2022:


(in thousands)	Digital Assets		Data Centers		Treasury and Corporate		December 31, 2024
Digital assets sales costs	$	42,102,443	$	—	$	—	$	42,102,443
Impairment of digital assets	139,246		—		192,674		331,920
Blockchain reward distributions	146,731		—		(16,433)		130,298
Borrowing costs	25,652		—		75,108		100,760
Mining and hosting costs	—		—		47,643		47,643
Other transaction expenses (1)	23,226		—		5,486		28,712
Transaction expenses	$	42,437,298	$	—	$	304,478	$	42,741,776


(in thousands)	Digital Assets		Data Centers		Treasury and Corporate		December 31, 2023
Digital assets sales costs	$	51,441,223	$	—	$	—	$	51,441,223
Impairment of digital assets	47,791		—		50,549		98,340
Blockchain reward distributions	3,069		—		(504)		2,565
Borrowing costs	8,825		—		9,346		18,171
Mining and hosting costs	—		—		20,772		20,772
Other transaction expenses (1)	8,473		—		2,879		11,352
Transaction expenses	$	51,509,381	$	—	$	83,042	$	51,592,423


(in thousands)	Digital Assets		Data Centers		Treasury and Corporate		December 31, 2022
Digital assets sales costs	$	114,812,910	$	—	$	—	$	114,812,910
Impairment of digital assets	4,588,978		—		1,535,870		6,124,848
Blockchain reward distributions	—		—		—		—
Borrowing costs	29,027		—		6,430		35,457
Mining and hosting costs	—		—		15,372		15,372
Other transaction expenses (1)	6,583		—		761		7,344
Transaction expenses	$	119,437,498	$	—	$	1,558,433	$	120,995,931

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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