SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Schedule of Digital Currency Assets

The following table presents a roll-forward of total digital assets for the six months ended June 30, 2025 and 2024 (in thousands):

	June 30, 2025		June 30, 2024
Digital assets, beginning of period	$	23,893	$	2,284
Cumulative effect of ASU 2023-08, adopted January 1, 20241	—		24
Digital assets, beginning of period, as adjusted	23,893		2,308
Digital asset self-mining revenue, net of receivables2	129,770		261,566
Mining revenue from shared hosting	—		13,818
Proceeds from sales of digital assets and shared hosting	—		(277,562)
Increase (decrease) in fair value of digital assets	19,109		(41)
Payment of board fee	—		(89)
Digital assets, end of period	$	172,772	$	—

1 Reflects the impact of the Company’s adoption of Accounting Standards Update (“ASU”) 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”) effective January 1, 2024.

2 As of June 30, 2025 and December 31, 2024, there was $0.7 million and $0.9 million, respectively, of digital asset receivable included in prepaid expenses and other current assets on the condensed consolidated balance sheets. As of June 30, 2024 and December 31, 2023, there was $0.8 million and $1.7 million, respectively, of digital asset receivable included in prepaid expenses and other current assets on the condensed consolidated balance sheets.

Schedule of Bitcoin Holdings

The following table presents the Company’s bitcoin holdings (in thousands, except for quantity):

	Quantity	Cost Basis		Fair Value
June 30, 2025	1,612	$	154,755	$	172,772
December 31, 2024	256	$	24,991	$	23,893