Non-controlling Interests (Tables)

6 Months Ended

Jun. 30, 2025

Noncontrolling interest [Abstract]

Summary of Changes in the Balances Non-controlling Interests

The following table presents the changes in the balances of non-controlling interests for the three and six months ended June 30, 2025 and 2024 (in thousands):

	BitAccess			BT HoldCo			Total
Beginning balance January 1, 2025	$	2,674		$	4,472		$	7,146
Distributions		—			(2,477	)		(2,477	)
Share-based compensation expense		8			—			8
Foreign currency translation		—			(89	)		(89	)
Net (loss) income		(49	)		8,031			7,982
Balance March 31, 2025	$	2,633		$	9,937		$	12,570
Distributions		—			(7,640	)		(7,640	)
Share-based compensation expense		8			—			8
Distribution related to Up-C Restructuring		—			(8,595	)		(8,595	)
Foreign currency translation		—			(59	)		(59	)
Net (loss) income		(104	)		6,357			6,253
Ending balance June 30, 2025	$	2,537		$	—		$	2,537

	BitAccess		BT HoldCo			Total
Beginning balance January 1, 2024	$	2,707	$	22,480		$	25,187
Distributions		—		(916	)		(916	)
Share-based compensation expense		8		—			8
Foreign currency translation		—		9			9
Net income (loss)		4		(2,694	)		(2,690	)
Balance March 31, 2024	$	2,719	$	18,879		$	21,598
Distributions		—		(6,832	)		(6,832	)
Share-based compensation expense		8		—			8
Foreign currency translation		—		4			4
Redemption of non-controlling interest		—		(585	)		(585	)
Net income (loss)		40		6,871			6,911
Ending balance June 30, 2024	$	2,767	$	18,337		$	21,104