XML 72 R44.htm IDEA: XBRL DOCUMENT v3.25.0.1
SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)
1 Months Ended 12 Months Ended
Dec. 31, 2024
USD ($)
renewal_option
supplier
miningPoolOperator
$ / shares
shares
Dec. 31, 2024
USD ($)
segment
renewal_option
supplier
miningPoolOperator
$ / shares
shares
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
$ / shares
Oct. 31, 2024
Jan. 01, 2024
USD ($)
Oct. 31, 2022
$ / shares
Dec. 31, 2021
MW
Significant Accounting Policies [Line Items]                
Revenue   $ 140,051,000 $ 69,229,000 $ 15,033,000        
Quoted price of bitcoin $ 38,000 $ 38,000            
Lease not yet commenced, term 10 years 10 years            
Lease not yet commenced, number of renewal options | renewal_option 2 2            
Lease not yet commenced, renewal option term 5 years              
Power curtailment credits   $ 8,600,000 3,500,000 100,000        
Cash and cash equivalents $ 274,065,000 274,065,000 54,439,000          
Cash exceeding FDIC limit 4,700,000 4,700,000            
Decrease in accumulated deficit $ (332,276,000) (332,276,000) (259,895,000)          
Gain on fair value of digital currency, net   2,200,000 0 0        
Impairment of digital currency   $ 0 3,043,000 1,457,000        
Number suppliers for bitcoin miners | supplier 2 2            
Number of mining pool operators | miningPoolOperator 1 1            
Deposits on miners   $ 53,900,000 36,500,000          
Impairment of long-lived assets   $ 0 0 0        
Percentage of changes In debt value and net presents value of future cash flows   10.00%            
Interest and penalties in relation to settlement value of unrecognized tax benefits $ 0 $ 0 0 $ 0        
Number of common stock issued upon conversion of preferred stock (in shares) | shares 1,300,000 1,300,000            
Warrants outstanding (in shares) | shares 17,266,733 17,266,733            
Exercise price of warrants (in dollars per share) | $ / shares $ 1.38 $ 1.38   $ 0.01     $ 1.93  
Number of operating segments | segment   1            
Number of reportable segments | segment   1            
Net loss   $ 72,418,000 73,421,000 $ 90,791,000        
Reportable Segment                
Significant Accounting Policies [Line Items]                
Net loss   72,400,000 73,400,000 90,800,000        
Nautilus Joint Venture | Related Party                
Significant Accounting Policies [Line Items]                
Ownership interest in the joint venture         25.00%      
Cumulative Effect, Period of Adoption, Adjusted Balance                
Significant Accounting Policies [Line Items]                
Decrease in accumulated deficit           $ 37,000    
Crypto Mining                
Significant Accounting Policies [Line Items]                
Revenue   139,300,000 61,700,000 10,500,000        
Data Center Hosting                
Significant Accounting Policies [Line Items]                
Revenue   $ 800,000 $ 7,500,000 $ 4,600,000        
Nautilus                
Significant Accounting Policies [Line Items]                
Maximum operating capacity | MW               300
Data center hosting customer | Revenue Benchmark | Customer Concentration Risk                
Significant Accounting Policies [Line Items]                
Concentration risk percentage     10.90% 20.80%        
Restricted Stock Units (RSUs)                
Significant Accounting Policies [Line Items]                
Number of shares outstanding (in shares) | shares 4,312,764 4,312,764            
Digital Currency                
Significant Accounting Policies [Line Items]                
Impairment of digital currency     $ 3,000,000.0 $ 1,500,000        
Equipment                
Significant Accounting Policies [Line Items]                
Property, plant and equipment, useful life 5 years 5 years            
Miners                
Significant Accounting Policies [Line Items]                
Property, plant and equipment, useful life 4 years 4 years            
Leasehold Improvements and Electrical Equipment                
Significant Accounting Policies [Line Items]                
Property, plant and equipment, useful life 25 years 25 years