SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Digital Currency Assets

The Company’s digital assets have active markets with observable prices and their fair value measurements are considered Level 1. The following table presents a roll-forward of total digital assets for the year ended December 31, 2024, (under the prospectively adopted ASU 2023-08 fair value model), and the year ended December 31, 2023 (in thousands):

	December 31, 2024		December 31, 2023
Digital assets, beginning of period	$	2,284	$	724
Cumulative effect of ASU 2023-08, adopted January 1, 2024	24		—
Digital assets, beginning of period, as adjusted	2,308		724
Digital asset self-mining revenue, net of receivables1	409,560		389,456
Mining revenue from shared hosting	15,693		17,626
Proceeds from sales of digital assets and shared hosting	(402,461)		(404,686)
Change in fair value of digital assets2	(1,052)		—
Gain from sale of digital assets	—		3,886
Impairment of digital assets	—		(4,406)
Payment of board fee	(89)		(316)
Other	(66)		—
Digital assets, end of period	$	23,893	$	2,284

1 As of December 31, 2024 and 2023, there was $0.9 million and $1.7 million, respectively, of digital asset receivable included in prepaid expenses and other current assets on the consolidated balance sheets.

2 During the year ended December 31, 2024, sales of digital assets resulted in realized gains of $3.9 million and realized losses of $3.7 million, which is measured as the difference between the original cost basis and the disposal proceeds.

Schedule of Bitcoin Holdings

The following table presents the Company’s bitcoin holdings as of December 31, 2024, (in thousands, except for quantity):

	Quantity	Cost Basis		Fair Value
Bitcoin	256	$	24,991	$	23,893