PROPERTY, PLANT, AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant, and Equipment

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

	December 31, 2024 (As Restated)		December 31, 2023		Estimated Useful Lives
Land and improvements1	$	17,215	$	21,852	20 years
Building and improvements	186,267		164,495		12 to 39 years
Mining and network equipment2	413,296		441,404		3 to 5 years
Electrical equipment3	74,077		64,810		5 to 15 years
Other property, plant and equipment4	2,764		2,935		5 to 7 years
Total	693,619		695,496
Less: accumulated depreciation and amortization5	372,112		293,974
Total	321,507		401,522
Add: Construction in progress	111,966		183,909
Property, plant and equipment, net	$	433,473	$	585,431

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

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

3 Includes finance lease assets of $8.5 million and $12.7 million at December 31, 2024 and 2023, respectively.

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

5 Includes accumulated amortization for assets under finance leases of $3.0 million and $43.4 million at December 31, 2024 and 2023, respectively.