v3.24.3
REVENUES (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s revenues disaggregated for those arrangements in which the Company is the Operator and Participant:

Three Months Ended September 30,
Nine Months Ended September 30,
(in thousands)2024202320242023
Revenues from contracts with customers
Mining operator - transaction fees$2,836 $2,378 $16,743 $9,787 
Mining participant13,876 2,677 40,157 23,404 
Hosting services (1)
341 — 29,777 — 
Total revenues from contracts with customers17,053 5,055 86,677 33,191 
Mining operator - block rewards and other revenue114,594 92,794 355,307 197,549 
Total revenues$131,647 $97,849 $441,984 $230,740 

(1) Includes revenue beginning January 12, 2024, the date of the GC Data Center Equity Holdings, LLC acquisition. The Company made a strategic decision to exit hosting services business upon acquisition. Intercompany transactions have been eliminated in consolidation. Refer to Note 3 - Acquisitions, for further information.