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v3.25.2

Segment Information- Segment revenue and segment gross profit (loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Segment Information |  |  |  |
Total revenue | $ 152,988 | $ 70,018 | $ 314,375 | $ 149,314
Operating segments |  |  |  |
Segment Information |  |  |  |
Power | 62,170 | 26,465 | 123,999 | 54,463
Compensation | 4,686 | 2,821 | 9,131 | 5,465
Insurance on miners | 1,462 | 1,639 | 2,924 | 3,375
Ground rent and related water and property tax | 5,719 | 1,274 | 7,862 | 2,606
Materials | 2,165 | 5,233 | 5,811 | 6,557
Labor | 805 | 1,476 | 1,967 | 2,365
Other segment items | 11,026 | 4,628 | 22,963 | 11,272
Segment gross profit (loss) | 68,442 | 24,610 | 144,921 | 58,799
Intersegment eliminations |  |  |  |
Segment Information |  |  |  |
Total revenue | (5,010) | (2,755) | (11,334) | (3,440)
Segment gross profit (loss) | (5,010) | (2,755) | (11,334) | (3,440)
Other revenue |  |  |  |
Segment Information |  |  |  |
Total revenue | 1,523 | 4,627 | 6,131 | 7,852
Segment gross profit (loss) | (1,483) | (5,478) | (5,840) | (6,788)
Total |  |  |  |
Segment Information |  |  |  |
Total revenue | 151,465 | 65,391 | 308,244 | 141,462
Total | Operating segments |  |  |  |
Segment Information |  |  |  |
Total revenue | 156,475 | 68,146 | 319,578 | 144,902
Total | Intersegment eliminations |  |  |  |
Segment Information |  |  |  |
Total revenue | 5,010 | 2,755 | 11,334 | 3,440
Bitcoin Mining |  |  |  |
Segment Information |  |  |  |
Total revenue | $ 140,889 | $ 55,764 | $ 283,748 | $ 127,160
Segment Reporting, Other Segment Item, Composition, Description | Bitcoin Mining: Bitcoin miner and network repair and maintenance costs. | Bitcoin Mining: Bitcoin miner and network repair and maintenance costs. | Bitcoin Mining: Bitcoin miner and network repair and maintenance costs. | Bitcoin Mining: Bitcoin miner and network repair and maintenance costs.
Bitcoin Mining | Operating segments |  |  |  |
Segment Information |  |  |  |
Total revenue | $ 140,889 | $ 55,764 | $ 283,748 | $ 127,160
Power | 62,170 | 26,465 | 123,999 | 54,463
Compensation | 4,686 | 2,821 | 9,131 | 5,465
Insurance on miners | 1,462 | 1,639 | 2,924 | 3,375
Ground rent and related water and property tax | 5,719 | 1,274 | 7,862 | 2,606
Other segment items | 4,139 | 3,076 | 9,077 | 5,916
Segment gross profit (loss) | 62,714 | 20,489 | 130,755 | 55,336
Engineering |  |  |  |
Segment Information |  |  |  |
Total revenue | $ 10,576 | $ 9,627 | $ 24,496 | $ 14,302
Segment Reporting, Other Segment Item, Composition, Description | Engineering: Manufacturing overhead costs. | Engineering: Manufacturing overhead costs. | Engineering: Manufacturing overhead costs. | Engineering: Manufacturing overhead costs.
Engineering | Operating segments |  |  |  |
Segment Information |  |  |  |
Total revenue | $ 15,586 | $ 12,382 | $ 35,830 | $ 17,742
Materials | 2,165 | 5,233 | 5,811 | 6,557
Labor | 805 | 1,476 | 1,967 | 2,365
Other segment items | 6,888 | 1,552 | 13,886 | 5,357
Segment gross profit (loss) | 5,728 | 4,121 | 14,166 | 3,463
Engineering | Intersegment eliminations |  |  |  |
Segment Information |  |  |  |
Total revenue | $ 5,010 | $ 2,755 | $ 11,334 | $ 3,440

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