PROPERTY, PLANT, AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant, and Equipment

Property, plant and equipment, net as of December 31, 2025 and 2024 consist of the following (in thousands):

	December 31, 2025	December 31, 2024	Estimated Useful Lives
Land and improvements1	$21,769	$17,215	20 years
Building and improvements	278,222	186,267	10 to 39 years
Mining and network equipment	408,777	413,296	3 to 10 years
Electrical equipment	77,348	74,077	15 years
Other property, plant and equipment	3,010	2,764	5 to 7 years
Total	789,126	693,619
Less: accumulated depreciation and amortization	406,893	372,112
Total	382,233	321,507
Add: Construction in progress	911,066	111,966
Property, plant and equipment, net	$1,293,299	$433,473

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

Property, Plant, and Equipment, Lessor Asset under Operating Lease

As of December 31,

2025, property, plant and equipment, net being leased to customers consisted of the following (in thousands):

	December 31, 2025
Land and improvements	$5,546
Building and improvements	146,082
Mining and network equipment	8
Electrical equipment	19,146
Other property, plant and equipment	218
Total	171,000
Less: accumulated depreciation and amortization	9,856
Property, plant and equipment, net leased to customers	$161,144