XML 37 R31.htm IDEA: XBRL DOCUMENT
v3.26.1

Digital Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
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 June 30, 2026 and June 30, 2025:
(in USD thousands) |  | Amount |
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 carveout 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 |
Number of Bitcoin held as of June 30, 2025 |  |  | 404 |
Cost basis of Bitcoin held as of June 30, 2025 |  | $ | 40,285 |
Realized gains on the sale of Bitcoin for the six months ended June 30, 2025 |  | $ | 828 |
Balance as of December 31, 2025 |  | $ | 472,577 |
Revenue recognized from Bitcoin mined |  |  | 62,118 |
Bitcoin purchased |  |  | 61,316 |
Mining revenue earned in prior period received in current period |  |  | 812 |
Bitcoin mining revenue not received |  |  | (646 | )
Change in fair value of Bitcoin |  |  | (117,188 | )
Balance as of March 31, 2026 |  | $ | 478,989 |
Revenue recognized from Bitcoin mined |  |  | 67,015 |
Bitcoin purchased |  |  | 4,000 |
Mining revenue earned in prior period received in current period |  |  | 646 |
Bitcoin mining revenue not received |  |  | (581 | )
Change in fair value of Bitcoin |  |  | (71,178 | )
Balance as of June 30, 2026 |  | $ | 478,891 |
Number of Bitcoin held as of June 30, 2026 |  |  | 8,002 |
Number of Bitcoin pledged to Bitmain as of June 30, 2026 |  |  | 3,090 |
Cost basis of Bitcoin held as of June 30, 2026 |  | $ | 781,928 |
Schedule of Details of Bitcoin | The details of Bitcoin are as follows:
|  | Amount |  |  | Number of Digital Assets |
(in USD thousands) |  | June 30, 2026 |  |  | December 31, 2025 |  |  | June 30, 2026 |  |  | December 31, 2025 |
Non-current |  |  |  |  |  |  |  |  |  |  |  |
Bitcoin held in custody |  | $ | 293,949 |  |  | $ | 229,641 |  |  |  | 4,912 |  |  |  | 2,625 |
Total non-current digital assets – held in custody |  |  | 293,949 |  |  |  | 229,641 |  |  |  | 4,912 |  |  |  | 2,625 |
Bitcoin pledged for miner purchase |  | $ | 184,942 |  |  | $ | 242,936 |  |  |  | 3,090 |  |  |  | 2,776 |
Total Bitcoin pledged for miner purchase |  |  | 184,942 |  |  |  | 242,936 |  |  |  | 3,090 |  |  |  | 2,776 |
Total digital assets |  | $ | 478,891 |  |  | $ | 472,577 |  |  |  | 8,002 |  |  |  | 5,401 |

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 + Details
Name: | us-gaap_CryptoAssetActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CryptoAssetFairValueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_CryptoAssetHoldingTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration