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INVESTMENT IN EQUITY INVESTEES (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Activity in Investment in Equity Investee | Activity in the Company’s investments in equity investees during the nine months ended September 30, 2024, and 2023, consisted of the following (in thousands):
| For the Nine Months Ended September 30,
| 2024 |  | 2023
Opening balance | $ | 35,258 |  |  | $ | 37,478 |
Cost of contributed mining equipment and other capital contributions | 29,194 |  |  | 4,435 |
Accretion of basis differences related to miner contributions | 4,442 |  |  | 5,012 |
Capital distributions | - |  |  | (3,807) |
Bitcoin received from equity investees | (10,487) |  |  | (317) |
Equity in net losses of equity investees | (3,434) |  |  | (9,192) |
Ending Balance | $ | 54,973 |  |  | $ | 33,609 |

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