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Digital Assets
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Digital Assets Digital Assets
The following table presents the activities of Bitcoin (in thousands):
Balance at January 1, 2024$986 
Cumulative effect upon adoption of ASU 2023-0820 
Revenue recognized from Bitcoin mined13,967 
Proceeds from sale of Bitcoin(15,051)
Bitcoin issued for services(538)
Change in fair value of Bitcoin695 
Balance at September 30, 2024$79 
The following table presents Bitcoin holdings (in thousands except for number of Bitcoin):
September 30,
2024
Number of Bitcoin held1.3 
Carrying basis of Bitcoin$82 
For the three and nine months ended September 30, 2024, the Company had a realized gain of approximately $2,000 and $630,000, respectively, on the sale of Bitcoin.
All additions of Bitcoin were the result of Bitcoin generated by the Company’s Bitcoin mining operations. All dispositions of Bitcoin were the result of sales on the open market and used to fund the Company’s operations. The Company's Bitcoin holdings are not subject to sale restrictions and do not serve as collateral for any agreements. As of September 30, 2024 and December 31, 2023, the Company held no other cryptocurrency.