REVENUES (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATION OF REVENUE

The following table presents the Company’s revenues disaggregated for those arrangements in which the Company is the Operator and Participant:

	Three Months Ended March 31,
(in thousands)	2024		2023
Revenues from contracts with customers
Mining operator - transaction fees	$	8,984	$	1,051
Mining participant	13,442		17,876
Hosting services (1)	20,775		—
Total revenues from contracts with customers	43,201		18,927
Mining operator - block rewards and other revenue	121,997		32,205
Total revenues	$	165,198	$	51,132

(1) Includes revenue beginning January 12, 2024, the date of the acquisition. Intercompany transactions have been eliminated in consolidation. Refer to Note 3 - Acquisitions, for further information.