CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 38,117	$ 46,817
Restricted cash		1,780	1,856
Accounts receivable, net		181,203	183,815
Prepaid expenses and other current assets		31,224	35,407
Total current assets		252,324	267,895
Digital assets		23,909,373	3,626,476
Property and equipment, net		26,327	28,941
Right-of-use assets		54,560	57,343
Deposits and other assets		75,794	24,300
Deferred tax assets, net		1,525,307	757,573
Total assets	[1]	25,843,685	4,762,528
Current liabilities:
Accounts payable, accrued expenses, and operating lease liabilities		52,982	43,090
Accrued compensation and employee benefits		58,362	50,045
Accrued interest		5,549	1,493
Current portion of long-term debt, net		517	483
Deferred revenue and advance payments		237,974	228,162
Total current liabilities		355,384	323,273
Long-term debt, net		7,191,158	2,182,108
Deferred revenue and advance payments		4,970	8,524
Operating lease liabilities		56,403	61,086
Other long-term liabilities		5,379	22,208
Deferred tax liabilities		407	357
Total liabilities		7,613,701	2,597,556
Commitments and Contingencies
Stockholders' Equity
Preferred stock undesignated, $0.001 par value; 5,000 shares authorized; no shares issued or outstanding		0	0
Additional paid-in capital		20,411,998	3,957,728
Treasury stock, at cost; 0 shares and 8,684 shares, respectively		0	(782,104)
Accumulated other comprehensive loss		(15,384)	(11,444)
Accumulated deficit		(2,166,876)	(999,234)
Total stockholders' equity		18,229,984	2,164,972
Total liabilities and stockholders' equity		25,843,685	4,762,528
Common Class A
Stockholders' Equity
Common stock		226	24
Class B Convertible
Stockholders' Equity
Common stock		$ 20	$ 2

[1] Segment assets allocated to the Corporate & Other category are the Company’s digital assets and deferred tax assets related primarily to digital asset impairment losses and interest expense.