v3.25.3
PROPERTY AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment
Property and equipment, net consisted of the following (in thousands):
September 30, 2025December 31, 2024
Miners and mining equipment$556,888 $342,111 
Leasehold improvements151,109 137,582 
Land58,330 49,021 
Buildings
65,736 — 
Infrastructure106,688 28,166 
Other882 606 
Construction-in-progress12,101 82,017 
Total cost of property and equipment951,734 639,503 
Less: accumulated depreciation(301,857)(158,638)
Property and equipment, net$649,877 $480,865