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PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Components of Property and Equipment | The components of property and equipment as of December 31, 2024 and 2023 are:
(in thousands, except useful life) |  | Useful life (Years) |  | December 31, 2024 |  | December 31, 2023
Land (1) |  | — |  | $ | 3,510 |  |  | $ | — |
Land improvements |  | 9 |  | 26,530 |  |  | — |
Building and improvements |  | 25 |  | 86,877 |  |  | — |
Mining rigs |  | 3 |  | 1,705,648 |  |  | 862,055 |
Containers |  | 10 - 15 |  | 106,784 |  |  | 5,676 |
Equipment |  | 4 - 15 |  | 124,900 |  |  | — |
Software and hardware |  | 2 |  | 3,316 |  |  | — |
Asset retirement obligation |  | 8 |  | 7,879 |  |  | — |
Construction in progress |  | — |  | 71,396 |  | — |
Other |  | 7 |  | 6,335 |  | 242
Total gross property, equipment |  |  |  | 2,143,175 |  | 867,973
Less: Accumulated depreciation and amortization |  |  |  | (593,684) |  | (196,201)
Property and equipment, net |  |  |  | $ | 1,549,491 |  |  | $ | 671,772 |
(1) Refer to Note 18 - Leases, for further information regarding the Company’s finance land lease.

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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