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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (64,702) $ 6,073
Reconciliation of Net (Loss) Income to Net Cash (Used in) Provided by Operating Activities:    
Depreciation 120 176
Amortization of debt issuance costs 111  
Deferred tax expense (10,284) (136)
Loss on disposal of assets for lease 105 189
Allowance for credit losses (52) (55)
Change in fair value of digital assets 41,829  
Stock-based compensation 1,483 27
Impairment of investments 1,135  
Changes in Operating Assets and Liabilities:    
Trade accounts receivable 1,306 66
Inventory (12) 37
Prepaid expenses and other current assets (2,188) (455)
Other non-current assets 21 21
Accounts payable 451 8
Accrued interest 616  
Accrued expenses 28,241 (196)
Other current and non-current liabilities (23) (131)
Deferred revenue (63)  
Net Cash (Used in) Provided by Operating Activities (1,906) 5,624
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment   (4)
Purchase of digital assets (90,700)  
Proceeds from maturities of notes receivable 3,600  
Purchase of assets for lease (210) (77)
Net Cash Used in Investing Activities (87,310) (81)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Taxes paid related to net settlement of equity awards   (45)
Proceeds from issuance of debt 100,000  
Debt issuance costs (4,017)  
Capital call premium (7,740)  
Proceeds from issuance of common stock 2,187  
Stock issuance expenses (295)  
Proceeds from exercise of stock options   56
Net Cash Provided by Financing Activities 90,135 11
NET INCREASE IN CASH AND CASH EQUIVALENTS 919 5,554
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 8,952 57,332
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 9,871 $ 62,886