Basis of presentation, summary of significant accounting policies and recent accounting pronouncements (Tables)

12 Months Ended

Dec. 31, 2025


		Fair value measured at December 31, 2025
		Total carrying						Significant other			Significant
		value at			Quoted prices in			observable			unobservable
		December 31,			active markets			inputs			inputs
(in USD thousands)		2025			(Level 1)			(Level 2)			(Level 3)
Digital assets		$	1,386,228		$	1,386,228		$	—		$	—
Bitcoin redemption options			117,402			—			117,402			—
Other financial liability			(2,544)			—			—			(2,544)
Warrant liability			(146)			—			—			(146)

 

Fair value measured at December 31, 2024

 

Total carrying

 

Significant other

 

Significant

value at

Quoted prices in

observable

unobservable

December 31,

active markets

inputs

(in USD thousands)

2024

(Level 1)

(Level 2)

(Level 3)

Digital assets

949,500

—

Bitcoin redemption options

18,076

—

18,076

Covered call options

(18,437)

—

(18,437)

—


		Useful life (in years)
Mining infrastructure		5 – 10
Miners and mining equipment		2 – 4
Data center infrastructure		5 – 8
Computer and network equipment		3
Right-of-use assets - Finance lease		Shorter of lease term or useful life of asset
Leasehold improvements		Shorter of lease term or useful life of asset
Land improvements		15
Power plant assets		10
AI GPUs		5


		Useful life (in years)
Customer relationships		6
Favorable contract		4
Property management agreement		10
Other intangible assets		3

Hut 8 Corp. 10-K