XML 21 R15.htm IDEA: XBRL DOCUMENT
v3.26.1

Property and Equipment, Net | 6 Months Ended
--- | ---
Jun. 30, 2026
Mining Equipment, Net [Abstract] |
Property and Equipment, Net | Note 5. Property and equipment, net The components of property and equipment were as follows:
(in USD thousands) |  | June 30, 2026 |  |  | December 31, 2025 |
Miners and mining equipment |  | $ | 463,273 |  |  | $ | 437,083 |
Less: Accumulated depreciation |  |  | (150,216 | ) |  |  | (95,359 | )
Total property and equipment, net |  | $ | 313,057 |  |  | $ | 341,724 |
Depreciation and amortization expense related to property and equipment was $28.2 million and $10.0 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation and amortization expense related to property and equipment was $54.9 million and $16.4 million for the six months ended June 30, 2026 and 2025, respectively. Impairment of long-lived assets There is considerable management judgment necessary to determine the estimated future cash flows and fair values of the Company’s long-lived assets, and, accordingly, actual results could vary significantly from such estimates, which fall under Level 3 within the fair value measurement hierarchy (see discussion of fair value measurements in Note 2. Significant accounting policies and recent accounting pronouncements).

X
- 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
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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