
	As of
	June 30, 2025		December 31, 2024
Datacenter and other computer equipment	$	852.3	$	830.2
Furniture and fixtures	9.3		10.7
Leasehold improvements	98.6		101.9
Construction in progress	6.7		0.2
Total property and equipment	966.9		943.0
Accumulated depreciation	(604.7)		(584.2)
Property and equipment, net	$	362.2	$	358.8

The Company leases certain infrastructure and computer equipment from various third parties, through equipment finance leases. Infrastructure assets as of June 30, 2025 and December 31, 2024 included a total of $501.4 million and $501.1 million, respectively, of assets acquired under finance lease agreements. These leases are capitalized in property and equipment, and the related depreciation of assets under finance leases is included in depreciation expense. The accumulated depreciation of the equipment under finance leases totaled $217.4 million and $223.3 million as of June 30, 2025 and December 31, 2024, respectively.

Depreciation expense related to property and equipment was $32.6 million and $64.3 million for the three and six months ended June 30, 2025, respectively and $25.9 million and $50.7 million for the three and six months ended June 30, 2024, respectively.