v3.26.1
Segment Information - Schedule of reportable segments gross margin to net income (loss) before taxes (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Reconciling items:    
Acquisition-related costs   $ (76)
Selling, general, and administrative $ (76,180) (71,448)
Depreciation and amortization (97,734) (77,926)
Power curtailment credits 21,023 7,801
Change in fair value of contingent consideration   (8,252)
Interest income 2,313 3,397
Interest expense (2,618) (2,308)
Loss on equity method investment - marketable securities   (63,238)
Other income (expense) (12) 93
Net income (loss) before taxes (500,186) (295,930)
Operating segments    
Reportable segment revenue:    
Segment gross profit (loss) 34,957 76,479
Reconciling items:    
Segment gross profit (loss) 34,957 76,479
Intersegment eliminations    
Reportable segment revenue:    
Segment gross profit (loss) (3,414) (10,681)
Reconciling items:    
Segment gross profit (loss) (3,414) (10,681)
Other revenue    
Reportable segment revenue:    
Segment gross profit (loss)   (4,357)
Reconciling items:    
Segment gross profit (loss)   (4,357)
Material Reconciling Items    
Reconciling items:    
Acquisition-related costs   (76)
Selling, general, and administrative (76,180) (71,448)
Depreciation and amortization (97,734) (77,926)
Change in fair value of bitcoin (326,669) (208,040)
Change in fair value of derivatives (51,852) 41,894
Power curtailment credits 21,023 7,801
Change in fair value of contingent consideration   8,252
(Loss) gain on sale/exchange of equipment   (129)
Interest income 2,313 3,397
Interest expense $ (2,618) (2,308)
Loss on equity method investment - marketable securities   $ (63,238)