| Schedule of Property, Plant, and Equipment |
Property, plant and equipment, net as of September 30, 2025 and December 31, 2024 consist of the following (in thousands): | | | | | | | | | | | | | | | | | | | September 30, 2025 | | December 31, 2024 | | Estimated Useful Lives | Land and improvements1 | $ | 49,221 | | | $ | 23,667 | | | 20 years | Building and improvements | 279,530 | | | 256,086 | | | 10 to 39 years | Mining and network equipment | 390,848 | | | 414,173 | | | 3 to 5 years | Electrical equipment | 82,470 | | | 82,598 | | | 15 years | Other property, plant and equipment | 3,087 | | | 2,884 | | | 5 to 7 years | Total | 805,156 | | | 779,408 | | | | Less: accumulated depreciation and amortization | 415,047 | | | 385,922 | | | | Total | 390,109 | | | 393,486 | | | | Add: Construction in progress | 688,694 | | | 162,856 | | | | Property, plant and equipment, net | $ | 1,078,803 | | | $ | 556,342 | | | |
1 Estimated useful life of improvements. Land is not depreciated.
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