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DIGITAL ASSETS
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
DIGITAL ASSETS DIGITAL ASSETS
The following table presents the Company’s bitcoin holdings as of June 30, 2025 and December 31, 2024 (in thousands, except bitcoin held):
Digital assets holdingsJune 30, 2025December 31, 2024
Number of bitcoin held68.174.5
Carrying basis of bitcoin$6,419 $5,523 
Fair Value of bitcoin$7,299 $6,950 
The carrying basis represents the valuation of bitcoin at the time the Company earns the bitcoin through mining activities.
The following table represents a reconciliation of the fair values of the Company’s digital assets (in thousands):
Digital assets:Three Months Ended
June 30, 2025
Six Months Ended June 30, 2025
Beginning balance at fair value$8,405 $6,950 
Additions4,235 8,461 
Dispositions(7,439)(9,222)
Gain (loss) on digital assets2,098 1,110 
Ending balance$7,299 $7,299 
The Company’s bitcoin holdings are not subject to contractual sale restrictions. As of June 30, 2025, the Company held no other digital assets.