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SUPPLEMENTAL CASH FLOW AND NONCASH INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2025
Supplemental Cash Flow Elements [Abstract] |
Schedule of Supplemental Cash Flow and Non-Cash Information | The following table presents supplemental cash flow and non-cash information for the periods presented (in thousands):
| Nine Months Ended September 30,
| 2025 |  | 2024
Supplemental disclosure of other cash flow information: |  |  |
Cash paid for interest | $ | 15,258 |  |  | $ | 26,175 |
Income tax payments (refunds) | 298 |  |  | (1,288) |
Cash paid for reorganization items | — |  |  | 53,835 |
Supplemental disclosure of noncash investing and financing activities: |  |  |
Purchases of PP&E in accounts payable and accrued expense | $ | 154,440 |  |  | $ | 9,028 |
Noncash exercise of warrants | 24,692 |  |  | 37,924 |
Accrued taxes related to net share settlement of equity awards | 3,781 |  |  | — |
Reclass of other current and non-current assets to plant, property, and equipment | — |  |  | 9,268 |
Reduction in plant, property, and equipment basis related to Bitmain purchase | — |  |  | (26,101) |
Decrease in right-of-use assets due to lease termination | — |  |  | — |
Increase in right-of-use assets due to lease commencement | — |  |  | 70,690 |
Increase in lease liability due to lease commencement | — |  |  | — |
Extinguishment of convertible notes upon emergence | — |  |  | (559,902) |
Extinguishment of accounts payable, accrued expenses, finance lease liability, and notes payable upon emergence | — |  |  | (321,773) |
Cancellation of common stock in connection with emergence | — |  |  | (36) |
Issuance of new common stock in connection with emergence | — |  |  | 296,893 |
Issuance of new common stock for Bitmain obligation | — |  |  | 27,839 |
Issuance of new common stock for the Equity Rights Offering backstop commitment | — |  |  | 5,475 |
Issuance of contingent value rights | — |  |  | 86,325 |
Issuance of warrants | — |  |  | 345,856 |
Issuance of New Secured Convertible Notes | — |  |  | 260,000 |
Issuance of Secured Notes, net of discount | — |  |  | 149,520 |
Issuance of Exit Credit Agreement including $1.2 million paid in kind upfront fee | — |  |  | 41,200 |
Issuance of miner equipment lender facility loans | — |  |  | 52,947 |
Issuance of notes related to settlement | — |  |  | 9,092 |
Cumulative effect of adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets | — |  |  | 24 |
Issuance of new common stock for PIK interest on New Secured Convertible Notes | — |  |  | 3,677 |
Issuance of new common stock for New Secured Convertible Notes conversion | $ | — |  |  | $ | 261,772 |

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