Digital Assets (Tables)

6 Months Ended

Jun. 30, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Summary of Digital Asset Holdings, Digital Asset Purchases and Digital Asset Impairment Losses

The following table summarizes the Company’s digital asset holdings (in thousands, except number of bitcoins), as of:

	June 30,		December 31,
	2024		2023
Approximate number of bitcoins held		226,331		189,150
Digital assets carrying value	$	5,687,890	$	3,626,476
Cumulative digital asset impairment losses	$	2,640,736	$	2,269,013

The following table summarizes the Company’s digital asset purchases and digital asset impairment losses (in thousands, except number of bitcoins) for the periods indicated. The Company did not sell any of its bitcoins during the three and six months ended June 30, 2024 or 2023, respectively.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Approximate number of bitcoins purchased		12,053		12,333		37,181		19,833
Digital asset purchases	$	793,828	$	347,003	$	2,433,137	$	526,278
Digital asset impairment losses	$	180,090	$	24,143	$	371,723	$	43,054