PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of Components of Property and Equipment

The components of property and equipment as of September 30, 2024 and December 31, 2023 are:

(in thousands, except useful life)	Useful life (Years)	September 30, 2024		December 31, 2023
Land (1)	—	$	4,649	$	—
Land improvements	9	25,246		—
Building and improvements	25	50,866		—
Mining rigs	3	1,191,928		862,055
Containers	10 - 15	56,977		5,676
Equipment	4 - 15	65,622		—
Software and hardware	2	3,307		—
Asset retirement obligation	8	7,879		—
Construction in progress	—	145,311		—
Other	7	839		242
Total gross property, equipment		1,552,624		867,973
Less: Accumulated depreciation and amortization		(460,484)		(196,201)
Property and equipment, net		$	1,092,140	$	671,772

(1) Refer to Note 15 - Leases, for further information regarding the Company’s finance land lease.