Digital Assets (Tables)

9 Months Ended

Sep. 30, 2022

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:

	September 30,		December 31,
	2022		2021
Approximate number of bitcoins held		130,000		124,391
Digital assets carrying value	$	1,993,032	$	2,850,210
Cumulative digital asset impairment losses	$	1,989,975	$	901,319

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:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Approximate number of bitcoins purchased		301		8,957		5,609		43,573
Digital asset purchases	$	5,978	$	419,865	$	231,478	$	2,035,471
Digital asset impairment losses	$	727	$	65,165	$	1,088,656	$	684,034