Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 255,371	$ 277,860
Restricted cash	74,877	73,441
Accounts receivable, net	25,427	27,124
Contract assets	6,498	6,478
Prepaid expenses and other current assets	50,196	40,288
Derivative asset, current portion	41,226	40,020
Equity method investment - marketable securities, at fair value	62,508	134,265
Total current assets	516,103	599,476
Property and equipment, net	1,301,732	1,338,787
Bitcoin	1,711,908	1,654,468
Restricted bitcoin	353,672
Deposits	88,659	30,115
Finite-lived intangible assets, net	32,070	34,053
Derivative asset, less current portion	107,416	109,475
Operating lease right-of-use assets	30,803	27,492
Goodwill	122,499	121,887
Other long-term assets	20,539	19,554
Total assets	4,285,401	3,935,307
Current liabilities
Accounts payable	18,057	17,609
Contract liabilities	21,601	9,644
Accrued expenses	70,006	75,672
Deferred gain on acquisition post-close dispute settlement		26,007
Deferred revenue, current portion	806	2,892
Contingent consideration liabilities, current portion	6,084	23,626
Current portion of debt	252,627	314
Operating lease liability, current portion	5,726	4,621
Total current liabilities	374,907	160,385
Deferred revenue, less current portion	243	13,590
Operating lease liability, less current portion	25,422	23,915
Contingent consideration liabilities, less current portion	3,129	3,229
Debt, less current portion	585,750	584,311
Other long-term liabilities	34	6,192
Total liabilities	989,485	791,622
Commitments and contingencies - Note 17
Stockholders' equity
Preferred stock, no par value, 15,000,000 shares authorized:
2% Series A Convertible Preferred stock, 2,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024
0% Series B Convertible Preferred stock, 1,750,001 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, no par value; 680,000,000 shares authorized; 363,234,107 and 344,890,208 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	4,063,053	3,833,882
Accumulated deficit	(767,332)	(690,419)
Accumulated other comprehensive income (loss), net	195	222
Total stockholders' equity	3,295,916	3,143,685
Total liabilities and stockholders' equity	$ 4,285,401	$ 3,935,307