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CRYPTOCURRENCIES - Roll forward (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
item
Dec. 31, 2025
USD ($)
item
Dec. 31, 2024
CNY (¥)
item
Dec. 31, 2023
CNY (¥)
item
Dec. 31, 2025
USD ($)
item
Cryptocurrencies          
Beginning of the year ¥ 206,130   ¥ 107,961    
Receipt from exchange of other cryptocurrencies 16,886   65,718    
Additional from BTC Mortgage borrowing 176,214   87,296    
Proceeds from disposal of mining machines 1,651   2,283    
Payment for operating activities 88,310   104,186    
Repayment of BTC Mortgage borrowings (57,225)        
Sale of cryptocurrencies for cash (67,948)   (109,023)    
Receipt from investors 38,200        
Sale of cryptocurrencies for other cryptocurrencies (16,886)   (65,709)    
Interest expense (3,127)   (1,194)    
Exchange gain (loss) for RMB/USD translation (370)   28    
Realized gain (loss) on sale/exchange of cryptocurrencies 10,627 $ 1,520 60,783 ¥ 42,836  
Change in fair value of cryptocurrencies (36,178)   48,290    
End of the year 252,206 $ 36,065 206,130 ¥ 107,961  
Less: Cryptocurrencies, restricted 238,533   193,938    
Balance of Cryptocurrencies 13,673   12,192   $ 1,955
Deferred loan costs ¥ 3,500   ¥ 900    
Bitcoins          
Quantity          
Beginning of the year | item 287 287 306    
Receipt from mining, net | item     4    
Receipt of exchange of other cryptocurrencies | item     17    
Payments | item 0 0 (14)    
Receipt from investors | item 60 60      
Sale for cash | item (20) (20) (145)    
Sale for other cryptocurrencies | item (19) (19) (143)    
End of the year | item 387 387 287 306  
Less: Cryptocurrencies, restricted | item 386   273   386
Balance of Cryptocurrencies | item 1   14   1
Cryptocurrencies          
Beginning of the year ¥ 196,680   ¥ 92,205    
Receipt of from Cryptocurrency mining     1,107    
Receipt from exchange of other cryptocurrencies     8,814    
Payment for operating activities 3   8,238    
Sale of cryptocurrencies for cash (13,245)   (64,472)    
Receipt from investors 33,937        
Sale of cryptocurrencies for other cryptocurrencies (12,439)   (53,250)    
Realized gain (loss) on sale/exchange of cryptocurrencies 13,695   58,027    
Change in fair value of cryptocurrencies (36,091)   51,748    
End of the year 238,886   196,680 ¥ 92,205  
Less: Cryptocurrencies, restricted 238,533   187,273    
Balance of Cryptocurrencies ¥ 353   ¥ 9,407    
Bitcoins | Cryptocurrency mining revenue          
Quantity          
Receipt from mining, net | item 79 79 262    
Cryptocurrencies          
Receipt of from Cryptocurrency mining ¥ 56,352   ¥ 110,739    
Tether          
Quantity          
Beginning of the year | item 299,630 299,630 218,390    
Receipt of exchange of other cryptocurrencies | item 2,345,532 2,345,532 8,001,784    
Additional from BTC Mortgage borrowing | item 24,581,924 24,581,924 12,262,164    
Proceeds from sale of mining machines | item 230,000 230,000 (319,600)    
Payments | item (10,348,628) (10,348,628) (13,480,935)    
Receipt from investors | item 600,010 600,010      
Repayment of BTC Mortgage borrowing | item (8,051,844) (8,051,844)      
Sale for cash | item (7,622,011) (7,622,011) (6,260,051)    
Sale for other cryptocurrencies | item (6,836) (6,836) (593,419)    
Interest expense | item (361,288) (361,288) (167,903)    
End of the year | item 1,666,489 1,666,489 299,630 218,390  
Balance of Cryptocurrencies | item 1,666,489   299,630   1,666,489
Cryptocurrencies          
Beginning of the year ¥ 2,154   ¥ 1,547    
Receipt from exchange of other cryptocurrencies 16,837   56,904    
Additional from BTC Mortgage borrowing 176,214   87,296    
Proceeds from disposal of mining machines 1,651   2,283    
Payment for operating activities 73,959   95,944    
Repayment of BTC Mortgage borrowings (57,225)        
Sale of cryptocurrencies for cash (54,703)   (44,551)    
Receipt from investors 4,263        
Sale of cryptocurrencies for other cryptocurrencies (49)   (4,215)    
Interest expense (3,127)   (1,194)    
Exchange gain (loss) for RMB/USD translation (343)   28    
End of the year 11,713   2,154 ¥ 1,547  
Balance of Cryptocurrencies ¥ 11,713   ¥ 2,154    
Ethereum          
Quantity          
Beginning of the year | item     80    
Receipt from mining, net | item     0    
Sale for other cryptocurrencies | item     (80)    
End of the year | item       80  
Cryptocurrencies          
Beginning of the year     ¥ 1,302    
Receipt of from Cryptocurrency mining     4    
Sale of cryptocurrencies for other cryptocurrencies     (1,905)    
Realized gain (loss) on sale/exchange of cryptocurrencies     683    
Change in fair value of cryptocurrencies     ¥ (84)    
End of the year       ¥ 1,302  
Filecoin          
Quantity          
Beginning of the year | item 200,547 200,547 273,289    
Payments | item     (112)    
Sale for cash | item (212,409) (212,409)      
Sale for other cryptocurrencies | item     (119,410)    
End of the year | item     200,547 273,289  
Less: Cryptocurrencies, restricted | item     183,212    
Balance of Cryptocurrencies | item     17,335    
Cryptocurrencies          
Beginning of the year ¥ 7,296   ¥ 12,907    
Payment for operating activities     4    
Sale of cryptocurrencies for other cryptocurrencies (4,398)   (6,339)    
Realized gain (loss) on sale/exchange of cryptocurrencies (3,068)   2,073    
Change in fair value of cryptocurrencies ¥ (87)   (3,374)    
End of the year     7,296 ¥ 12,907  
Less: Cryptocurrencies, restricted     6,665    
Balance of Cryptocurrencies     ¥ 631    
Filecoin | Cryptocurrency mining revenue          
Quantity          
Receipt from mining, net | item 11,862 11,862 46,780    
Cryptocurrencies          
Receipt of from Cryptocurrency mining ¥ 257   ¥ 2,033    
USD Coin          
Quantity          
Receipt from mining, net | item 2,241,159 2,241,159      
Receipt of exchange of other cryptocurrencies | item 6,839 6,839      
Payments | item (2,019,385) (2,019,385)      
Sale for other cryptocurrencies | item (12) (12)      
End of the year | item 228,601 228,601      
Balance of Cryptocurrencies | item 228,601       228,601
Cryptocurrencies          
Receipt of from Cryptocurrency mining ¥ 15,933        
Receipt from exchange of other cryptocurrencies 49        
Payment for operating activities 14,348        
Sale of cryptocurrencies for other cryptocurrencies 0        
Exchange gain (loss) for RMB/USD translation (27)        
End of the year 1,607        
Balance of Cryptocurrencies ¥ 1,607