SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

	Three Months Ended June 30,				Six Months Ended June 30,
$ in thousands	2025		2024		2025		2024
Segment revenue	$	12,861	$	13,057	$	32,103	$	32,390
Less:
Natural gas expense	4,434		2,632		13,251		8,446
Electricity for mining expense	1,250		727		2,495		727
Emissions expense	2,389		1,752		4,854		3,488
Hosting fee expense	147		951		295		2,887
Other cost of revenue (a)	3,631		3,254		5,954		6,086
Segment gross profit	$	1,010	$	3,741	$	5,254	$	10,756
Selling, general and administrative	3,106		4,240		5,882		9,633
Depreciation	3,179		3,285		6,310		6,519
Impairment of long-lived assets	—		—		—		169
Loss (gain) on digital assets	(2,098)		11		(1,110)		(48)
Loss (gain) on sale of assets	218		(32)		355		(32)
Gain on insurance proceeds	—		—		(399)		—
Interest expense, net	758		1,805		3,613		3,607
Change in fair value of warrant asset	—		—		—		420
Loss on liquidation of subsidiary	—		—		348		—
Other income, net	(1)		—		(19)		—
Benefit from income taxes	(34)		—		(44)		—
Segment net loss	$	(4,118)	$	(5,568)	$	(9,682)	$	(9,512)

(a) Other cost of revenue primarily consists of labor and repairs and maintenance expenses