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REVENUES (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents the Company’s revenues disaggregated for those arrangements in which the Company is the Operator and Participant:

												Year Ended December 31,
(in thousands)																		2024						2023						2022
Revenues from contracts with customers
Mining operator - transaction fees																		$	32,884					$	32,598					$	5,231
Mining participant																		32,002						25,101						4,652
Hosting services (1)																		31,638						—						—
Total revenues from contracts with customers																		96,524						57,699						9,883
Mining operator - block rewards and other revenue																		559,854						329,809						107,870
Total revenues																		$	656,378					$	387,508					$	117,753

(1) Includes revenue beginning January 12, 2024, the date of the GC Data Center Acquisition and November 5, 2024, the date of the Arkon Acquisition. The Company made a strategic decision to exit hosting services upon acquisition of the GC Data Center Acquisition. Intercompany transactions have been eliminated in consolidation. Refer to Note 3 - Acquisitions, for further information.

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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