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Mining Equipment, Net | 9 Months Ended
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Sep. 30, 2025
Mining Equipment, Net [Abstract] |
MINING EQUIPMENT, NET | Note 6. Property and equipment, net The components of property and equipment were as follows:
(in USD thousands) |  | September 30, 2025 |  |  | December 31, 2024 |
Miners and mining equipment |  | $ | 439,533 |  |  | $ | 74,230 |
Less: Accumulated depreciation |  |  | (68,710 | ) |  |  | (31,141 | )
Total property and equipment, net |  | $ | 370,823 |  |  | $ | 43,089 |
Depreciation and amortization expense related to property and equipment was $15.2 million and $4.3 million for the three months ended September 30, 2025 and September 30, 2024, respectively. Depreciation and amortization expense related to property and equipment was $31.6 million and $17.8 million for the nine months ended September 30, 2025 and September 30, 2024, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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