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Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Digital Assets

The table below outlines the fair value of our digital assets based on publicly available rates as of the dates presented as well as the cost (in thousands, except units):


		Units				Cost Basis				Fair Value
As of September 30, 2025
Bitcoin			2,123			$	96,482			$	242,387
Ethereum			2,770				5,321				11,490
Solana			47,502				6,328				9,936
Other			172,185,790				100				98
Digital assets						$	108,231			$	263,911

As of December 31, 2024
Bitcoin			1,941				69,707				181,238
Ethereum			2,655				4,967				8,847
Solana			24,472				2,241				4,628
Other			10,011,770				5,641				1,646
Digital assets						$	82,556			$	196,359

Summary of Other Operating Activities Settled in Digital Assets and USDC

The following table summarizes other operating activities settled in digital assets and USDC (in thousands):


			Nine Months Ended September 30,
			2025				2024
Revenues			$	(92,006	)		$	(70,864	)
Expenses				29,218				16,744
Conversion of digital assets and USDC to cash, net				28,615				27,112
Accounts receivable and other current assets				1,422				315
Payroll liabilities				316				2,888
Currency translation related to digital assets				(1,318	)			31
Other operating activities settled in digital assets and USDC			$	(33,753	)		$	(23,774	)