SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

	Three Months Ended September 30,				Nine Months Ended September 30,
$ in thousands	2025		2024		2025		2024
Segment revenue	$	15,220	$	12,351	$	47,323	$	44,741
Less:
Natural gas expense	4,561		3,248		17,812		11,696
Electricity for mining expense	1,057		1,034		3,550		1,761
Emissions expense	2,252		2,666		7,106		6,154
Hosting fee expense	137		380		432		3,267
Other cost of revenue (a)	3,016		2,029		8,972		8,267
Segment gross profit	$	4,197	$	2,994	$	9,451	$	13,596
Selling, general and administrative	3,069		3,720		8,951		13,199
Depreciation	3,026		3,390		9,336		9,909
Impairment of long-lived assets	—		—		—		169
Gain on digital assets	(463)		(156)		(1,573)		(204)
(Gain) loss on sale of assets	(1,739)		693		(1,384)		661
Gain on insurance proceeds	—		—		(399)		—
Interest expense, net	244		1,832		3,857		5,439
Change in fair value of warrant asset	—		—		—		420
Loss on liquidation of subsidiary	—		—		348		—
Gain on troubled debt restructuring	(11,496)		—		(11,496)		—
Other income, net	(402)		—		(421)		—
Benefit from income taxes	—		(118)		(44)		(118)
Segment net income (loss)	$	11,958	$	(6,367)	$	2,276	$	(15,879)

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