PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, Net

Property, plant and equipment, net as of March 31, 2024 and December 31, 2023 consist of the following (in thousands):

	March 31, 2024		December 31, 2023		Estimated Useful Lives
Land and improvements1	$	20,583	$	21,852	20 years
Building and improvements	168,470		164,495		12 to 39 years
Mining and network equipment2	450,921		441,404		1 to 5 years
Electrical equipment3	65,006		64,810		5 to 10 years
Other property, plant and equipment4	2,788		2,935		5 to 7 years
Total	707,767		695,496
Less: accumulated depreciation and amortization5	320,394		293,974
Total	387,373		401,522
Add: Construction in progress	188,596		183,909
Property, plant and equipment, net	$	575,969	$	585,431

1 Estimated useful life of improvements. Land is not depreciated.

2 Includes finance lease assets of $6.8 million and $46.6 million at March 31, 2024 and December 31, 2023, respectively.

3 Includes finance lease assets of $12.7 million and $12.7 million at March 31, 2024 and December 31, 2023, respectively.

4 Includes finance lease assets of $0.4 million and $0.4 million at March 31, 2024 and December 31, 2023, respectively.

5 Includes accumulated amortization for assets under finance leases of $10.5 million and $43.4 million at March 31, 2024 and December 31, 2023, respectively.