| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following as of May 31, 2025 and 2024 (in thousands): | | | | | | | | | | | | | | | | | | | Estimated Useful Life | | May 31,
2025 | | May 31,
2024 | Networking equipment, electrical equipment, and software | 3 years - 5 years | | $ | 32,938 | | | $ | 32,185 | | | Electric generation and transformers | 15 years | | 9,914 | | | 9,933 | | | Land and building | | | | | | | Building | 39 years | | 109,672 | | | 103,990 | | | Land | | | 20,047 | | | 6,205 | | | Land improvements | 15 years | | 1,423 | | | 1,380 | | | Leasehold improvements | 3 years - 7 years | | 444 | | | 444 | | | Construction in progress | | | 1,123,156 | | | 186,869 | | | Other equipment and fixtures | 5 years - 7 years | | 2,126 | | | 1,760 | | | Total cost of property and equipment | | | 1,299,720 | | | 342,766 | | | Accumulated depreciation | | | (23,879) | | | (13,663) | | | Property and equipment, net | | | $ | 1,275,841 | | | $ | 329,103 | |
|