REVENUE

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

The following table presents the Company's revenue disaggregated by revenue source (in thousands):

	Three Months Ended March 31,
	2021		2020
Revenue from Contracts with Customers:
Transaction-based revenue	$	959,733	$	758,101
Subscription and services-based revenue	525,065		255,883
Hardware revenue	28,788		20,675
Bitcoin revenue	3,511,068		306,098
Revenue from other sources:
Subscription and services-based revenue	$	32,616	$	40,352

The deferred revenue balances were as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Deferred revenue, beginning of the period	$	51,804	$	44,331
Deferred revenue, end of the period	54,726		47,046
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	18,933	$	15,570