PROPERTY, PLANT AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment, net consisted of the following (in thousands):

	June 30, 2025		December 31, 2024
Miners	$	236,640	$	192,655
Construction in process	277,946		107,624
Leasehold improvements	136,784		91,614
Equipment	44,194		32,031
Office furniture and fixtures	153		—
Vehicles	151		104
Deposits on miners	—		53,913
Total	695,868		477,941
Less: accumulated depreciation	(91,108)		(66,072)
Property and equipment, net	$	604,760	$	411,869