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DIGITAL ASSETS
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
DIGITAL ASSETS DIGITAL ASSETS
The following table presents the Company’s bitcoin holdings as of September 30, 2025 and December 31, 2024 (in thousands, except bitcoin held):
Digital assets holdingsSeptember 30, 2025December 31, 2024
Number of bitcoin held53.674.5
Carrying basis of bitcoin$6,000 $5,523 
Fair Value of bitcoin$6,118 $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
September 30, 2025
Nine Months Ended September 30, 2025
Beginning balance at fair value$7,299 $6,950 
Additions4,178 12,639 
Dispositions(5,822)(15,044)
Gain on digital assets463 1,573 
Ending balance$6,118 $6,118 
The Company’s bitcoin holdings are not subject to contractual sale restrictions. As of September 30, 2025, the Company held no other digital assets.