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Bitcoin (Tables)
 3 Months Ended
Mar. 31, 2024
CryptocurrenciesAbstract  
Schedule of Bitcoin

The following table presents information about the Company’s bitcoin (in thousands):

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Opening balance

 

$

32,978

 

 

$

6,283

 

Cumulative effect upon adoption of ASU 2023-08

 

 

-

 

 

 

209

 

Bitcoin received from equity investees

 

 

1,694

 

 

 

317

 

Revenue recognized from bitcoin mined, net of receivable

 

 

48,079

 

 

 

21,717

 

Proceeds from sale of bitcoin

 

 

-

 

 

 

(20,958

)

Change in fair value of bitcoin

 

 

40,556

 

 

 

4,265

 

Ending balance

 

$

123,307

 

 

$

11,833

 
The Company held approximately 1,730, and 780 bitcoin at