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Digital Assets (Tables)

9 Months Ended

Sep. 30, 2025

Digital Assets [Abstract]

Schedule of Changes in Carrying Amount of Digital Assets

The following table presents the changes in carrying amount of the Company's digital assets as of September 30, 2025 and December 31, 2024:

(in USD thousands)		Amount
Balance as of December 31, 2023		$	388,131
Revenue recognized from Bitcoin mined			30,357
Revenue recognized from discontinued operations			979
Mining revenue earned in prior period received in current period			292
Carrying value of Bitcoin sold			(36,109	)
Change in fair value of Bitcoin			274,540
Foreign currency translation adjustments			(9,295	)
Balance as of March 31, 2024		$	648,895
Revenue recognized from Bitcoin mined			13,914
Carrying value of Bitcoin sold			(15,209	)
Change in fair value of Bitcoin			(71,842	)
Foreign currency translation adjustments			(6,347	)
Balance as of June 30, 2024		$	569,411
Revenue recognized from Bitcoin mined			11,610
Carrying value of Bitcoin sold			(12,103	)
Change in fair value of Bitcoin			(1,551	)
Foreign currency translation adjustments			7,795
Balance as of September 30, 2024		$	575,162
Number of Bitcoin held as of September 30, 2024			9,106
Cost basis of Bitcoin held as of September 30, 2024		$	354,128
Realized gains on the sale of Bitcoin for the nine months ended September 30, 2024		$	9,141
Balance as of December 31, 2024		$	949,501
Revenue recognized from Bitcoin mined			12,338
Carrying value of Bitcoin sold			(3,429	)
Change in fair value of Bitcoin			(112,394	)
Adjustments post carevout of mining operations to ABTC			(847,244	)
Foreign currency translation adjustments			1,228
Balance as of March 31, 2025		$	—
Revenue recognized from Bitcoin mined			30,285
Bitcoin contributed			10,000
Change in fair value of Bitcoin			3,037
Balance as of June 30, 2025		$	43,322
Revenue recognized from Bitcoin mined			64,220
Bitcoin purchased			287,779
Bitcoin assumed through business combination			86
Change in fair value of Bitcoin			(5,475	)
Balance as of September 30, 2025		$	389,932
Number of Bitcoin held as of September 30, 2025			3,418
Number of Bitcoin pledged as collateral as of September 30, 2025			2,385
Cost basis of Bitcoin held as of September 30, 2025		$	392,370
Realized gains on the sale of Bitcoin for the nine months ended September 30, 2025		$	828

Schedule of Details of Bitcoin

The details of Bitcoin are as follows:

		Amount								Number of Digital Assets
(in USD thousands)		September 30, 2025				December 31, 2024				September 30, 2025				December 31, 2024
Current
Bitcoin held in custody		$	—			$	—				—				—
Total current digital assets held in custody			—				—				—				—
Bitcoin pledged for miner purchase			—				92,389				—				968
Total current digital assets pledged for miner purchase			—				92,389				—				968
Non-current
Bitcoin held in custody		$	117,879			$	525,236				1,033				5,648
Total non-current digital assets – held in custody			117,879				525,236				1,033				5,648
Bitcoin pledged for miner purchase		$	272,053			$	—				2,385				—
Total non-current digital assets pledged for miner purchase			272,053				—				2,385				—
Bitcoin pledged as collateral			—				331,876				—				3,555
Total non-current digital assets – pledged as collateral			—				331,876				—				3,555
Total digital assets		$	389,932			$	949,501				3,418				10,171

X

- Definition

Tabular disclosure of information about activity for crypto asset. Excludes information about crypto asset held for platform user.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476162/350-60-50-3

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- References

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X

- Definition

Tabular disclosure of information about crypto asset. Includes, but is not limited to, name, cost basis, fair value, and number of units held. Excludes information about crypto asset held for platform user.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476162/350-60-50-1

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