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0 971382000 -4198000 834607000 -138255000 311378000 836980000 1145985000 698725000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">1.        ORGANIZATION AND DESCRIPTION OF BUSINESS</span><div style="font-size:12pt;line-height:12pt;position:var(--position);top:91.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Core Scientific, Inc. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.94pt;position:var(--position);text-decoration:none;white-space:pre">(“Core Scientific” or the “Company”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.39pt;position:var(--position);text-decoration:none;white-space:pre"> is a leader in designing, building and operating large scale, purpose-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:103.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">built data centers for high-density colocation (“HDC”) services. Core Scientific operates facilities for high-density colocation services </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:115.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">serving artificial intelligence-related (“AI”) workloads and is a premier provider of digital infrastructure, software solutions and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:127.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">services to its third-party customers. The majority of the Company's revenue is derived from high-density colocation services, with the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:139.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">remainder derived from earning digital assets for the Company's own account and from digital asset mining hosting services. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:151.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company is in the process of repurposing its remaining mining facilities to support its high-density colocation services business as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:163.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">circumstances allow. Core Scientific’s facilities are located in </span><span style="color:#232629;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.31pt;position:var(--position);text-decoration:none;white-space:pre">Alabama (</span><span style="color:#232629;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.19pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="color:#232629;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.19pt;position:var(--position);text-decoration:none;white-space:pre">), </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.52pt;position:var(--position);text-decoration:none;white-space:pre">Georgia (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.53pt;position:var(--position);text-decoration:none;white-space:pre">2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.53pt;position:var(--position);text-decoration:none;white-space:pre">), Kentucky (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.54pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.54pt;position:var(--position);text-decoration:none;white-space:pre">), North Carolina (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre">), North </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:175.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Dakota (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:70.68pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.68pt;position:var(--position);text-decoration:none;white-space:pre">), Oklahoma (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre">), and Texas (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.4pt;position:var(--position);text-decoration:none;white-space:pre">4</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.4pt;position:var(--position);text-decoration:none;white-space:pre">). </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:199.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company had historically focused on designing, building and operating digital infrastructure to engage in digital asset </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:211.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">mining for its own account and providing hosting solutions for third-party digital asset miners. In 2024, the Company announced its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:223.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">first high-density colocation contract with CoreWeave, Inc. (“CoreWeave), a provider of high-performance computing ("HPC") </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:235.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">services.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:259.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Core Scientific operates in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.69pt;position:var(--position);text-decoration:none;white-space:pre"> segments: “Colocation,” consisting of providing high-density colocation services to customers </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:271.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">employing AI and HPC related workloads, “Digital Asset Self-Mining,” consisting of performing digital asset mining for its own </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:283.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">account, and “Digital Asset Hosted Mining,” consisting </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre">of providing hosting services to third parties for digital asset mining</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.99pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:307.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s high-density colocation services provide space, power, cooling, facilities operations, security and other services </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:319.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to third-party colocation customers to support workloads for machine learning and AI. Colocation segment revenue is concentrated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:331.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">with a single customer; see Note </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.61pt;position:var(--position);text-decoration:none;white-space:pre">13 — Segment Reporting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.03pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:355.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s digital asset hosted mining business provides a full suite of services to digital asset mining customers. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:367.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company provides deployment, monitoring, troubleshooting, optimization and maintenance of customers’ digital asset mining </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:379.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equipment and provide necessary electrical power, repair and other infrastructure services necessary for customers to operate, maintain </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:391.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and efficiently mine digital assets.</span></div> 1 2 1 1 1 1 4 3 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2.        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:439.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The accompanying unaudited interim condensed consolidated financial statements reflect the application of certain significant </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:451.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accounting policies as described below and elsewhere in these notes to the unaudited interim condensed consolidated financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:463.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:493.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:511.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:523.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">principles generally accepted in the United States of America (“GAAP”). All intercompany balances and transactions have been </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:535.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">eliminated in consolidation.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:559.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The results for the unaudited interim condensed consolidated statements of operations are not necessarily indicative of results to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:571.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">be expected for the year ending December 31, 2026 or for any future interim period. The unaudited interim condensed consolidated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:583.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">financial statements do not include all the information and notes required by GAAP for complete financial statements. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:595.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accompanying unaudited interim financial statements should be read in conjunction with the consolidated financial statements and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:607.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:637.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Use of Estimates</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:655.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:667.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:679.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Some </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:691.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of the more significant estimates include assumptions used in property, plant and equipment, the initial measurement of lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:703.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities, stock-based compensation, the fair value of derivative liabilities, and income taxes. These estimates are based on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:715.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">information available as of the date of the financial statements; therefore, actual results could differ from management’s estimates.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Cash, Cash Equivalents, and Restricted Cash</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents include all cash balances and highly liquid investments, including money market funds, with original </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">maturities of three months or less from the date of acquisition. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.82pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.4pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:394.83pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.37pt;position:var(--position);text-decoration:none;white-space:pre">, substantially all cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and cash equivalents exceeded Federal Deposit Insurance Corporation insured limits. Restricted cash as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.52pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.1pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:529.6pt;position:var(--position);text-decoration:none;white-space:pre"> consisted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of funds held in escrow in connection with utility and other contractual arrangements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Digital Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s digital assets have active markets with observable prices and their fair value measurements are considered </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Level 1. The following table presents a roll-forward of total digital assets for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.77pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.66pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.52pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.1pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.53pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.53pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.03pt;position:var(--position);text-decoration:none;white-space:pre">(in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">thousands):</span></div><div style="position:var(--position);top:222pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Digital assets, beginning of period</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">23,893<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Digital asset self-mining revenue, net of receivables</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:222.39pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">30,119<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">67,441<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Proceeds from sales of digital assets and shared hosting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:47.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.46pt"></span></span><span style="left:50.09pt;position:var(--position)">(208,249)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:47.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:73.29pt"></span></span><span style="left:75.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in fair value of digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.46pt"></span></span><span style="left:60.09pt;position:var(--position)">(6,558)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.46pt"></span></span><span style="left:55.09pt;position:var(--position)">(10,688)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Digital assets, end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:78.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:78.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">80,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:324.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;white-space:pre"> As of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:60.14pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:111.01pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:128.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:191.41pt;position:var(--position);text-decoration:none;white-space:pre">, there was </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:227.82pt;position:var(--position);text-decoration:none;white-space:pre">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:266.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:282.47pt;position:var(--position);text-decoration:none;white-space:pre">$0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:321.57pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, of digital asset receivable included in Customer funding </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:334.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">receivable and other current assets on the Company’s condensed consolidated balance sheets. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:355.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the Company’s bitcoin holdings </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.98pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except for quantity)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:379.7pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.68pt;position:var(--position);white-space:pre">Quantity</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.34pt;position:var(--position);white-space:pre">Cost Basis</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.68pt;position:var(--position);white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.29pt"></span></span><span style="left:70.92pt;position:var(--position)">547<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">43,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.79pt"></span></span><span style="left:63.42pt;position:var(--position)">2,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">254,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:449.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Property, Plant and Equipment, Net</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:467.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Property, plant, and equipment includes the cost of land, buildings, and improvements for datacenter and support facilities and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:479.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the Company’s corporate office space. Property and equipment further consists of computer, mining, network, electrical and other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:491.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equipment, including property and equipment under finance leases. Property, plant and equipment, net is stated at cost less </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:503.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accumulated depreciation and amortization. Depreciation and amortization is computed using the straight-line method over the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">estimated useful lives of the assets. Leasehold improvements are capitalized at cost and amortized over the shorter of their estimated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:527.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">useful lives or the lease term. Future obligations related to finance leases are presented as Finance lease liabilities, current portion and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:539.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, net of current portion in the Company’s condensed consolidated balance sheets. Depreciation expense, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:551.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">including amortization of assets held under finance leases, is primarily included in Cost of revenue in the Company’s condensed </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Property, plant and equipment capitalized costs include the directly identifiable costs incurred to acquire, construct, install, or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:599.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">otherwise prepare the asset for its intended use and to put it into service. Directly identifiable costs include construction payroll and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:611.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">benefits and other direct capital project costs. </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:635.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">When management decides to abandon long-lived assets before the end of their previously estimated useful life, the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:647.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">considers whether an impairment of the related asset group has been triggered. If that asset group is no longer recoverable, an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:659.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">impairment is recognized for any excess of the asset group’s carrying value above its fair value. Thereafter, the estimated useful life, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:671.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">salvage value, and prospective depreciation of the affected assets are revised to reflect their shortened remaining useful life. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:683.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">historical cost of assets, and related accumulated depreciation, are written off at the time that assets are removed from service.  </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:713.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Long-Lived Asset Impairments</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:731.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company tests long-lived asset groups for recoverability whenever events or changes in circumstances have occurred that </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:743.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">may affect recoverability or the estimated useful lives of long-lived assets. Long-lived assets include property, plant and equipment </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and intangible assets subject to amortization. A long-lived asset may be impaired when the estimated future undiscounted cash flows </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">are less than the carrying amount of the asset. If that comparison indicates that the asset’s carrying value may not be recoverable, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">impairment is measured based on the difference between the carrying amount and the estimated fair value of the asset. Long-lived </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">assets to be disposed of are reported at the lower of the carrying amount or estimated fair value less costs to sell. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Revenue</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:156pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Deferred revenue from colocation services relate to prepaid base license fees for colocation lease arrangements which are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accounted for under </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.41pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Codification (“ASC”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.83pt;position:var(--position);text-decoration:none;white-space:pre"> 842, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:319.33pt;position:var(--position);text-decoration:none;white-space:pre">Leases (“ASC Topic 842”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.33pt;position:var(--position);text-decoration:none;white-space:pre">. Prepaid base license fees relate to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">capital expenditures on colocation facility site development funded by the customer. Deferred revenue from hosted mining services </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">relates to customer contracts for digital asset hosted mining services which are accounted for under ASC 606, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:476.6pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:561.19pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(“ASC Topic 606”). Advanced payments are typically recognized in the following month for hosted mining services and are generally </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognized within </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.35pt;position:var(--position);text-decoration:none;white-space:pre">30 months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.28pt;position:var(--position);text-decoration:none;white-space:pre"> of license order commencement for colocation services.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents a rollforward of deferred revenue for the periods presented</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.26pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="position:var(--position);top:264pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:231.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:99.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:99.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:99.75pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.48pt;position:var(--position);white-space:pre">Deferred Revenue from </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.46pt;position:var(--position);white-space:pre">Colocation Services</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.48pt;position:var(--position);white-space:pre">Deferred Revenue from </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.46pt;position:var(--position);white-space:pre">Hosted Mining Services</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.81pt;position:var(--position);white-space:pre">Total Deferred Revenue</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:20.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:68.17pt;position:var(--position)">17,785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:20.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:73.04pt"></span></span><span style="left:80.67pt;position:var(--position)">349<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:20.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:68.17pt;position:var(--position)">18,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:27pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.42pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Revenue recognized that was included in the deferred </span></div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">revenue balance as of the beginning of the year</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:36pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(5,124)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:36pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:74.71pt"></span></span><span style="left:77.33999999999999pt;position:var(--position)">(329)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:36pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(5,453)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Base license fee earned, not yet due</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:63pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(13,633)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:63pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:83.04pt"></span></span><span style="left:85.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:63pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(13,633)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Additional customer funding received</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:77.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">554,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:77.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,953<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:77.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">556,803<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:91.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">553,878<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:91.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,973<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:91.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">555,851<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Revenue recognized that was included in the deferred </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">revenue balance as of the beginning of the year</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:105.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(22,530)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:105.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(1,973)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:105.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(24,503)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Base license fee earned, not yet due</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:132pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(8,590)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:132pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:83.04pt"></span></span><span style="left:85.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:132pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(8,590)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Additional customer funding received</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:146.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">129,952<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:146.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:146.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">131,469<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:160.5pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at March 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:160.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">652,710<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:160.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:160.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">654,227<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:231.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Current portion at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.72pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:189pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">219,555<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:203.25pt;width:231.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Non-current portion at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:203.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">434,672<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:504.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition - Colocation Revenue</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:522.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s Colocation segment generates revenue by licensing data center space to customers under licensing agreements. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:534.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These arrangements contain lease components for the right to use data center space and nonlease components for power delivery, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:546.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">physical security, and maintenance services. The Company has elected the practical expedient available under ASC Topic 842, to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:558.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">combine the nonlease revenue components that have the same pattern of transfer as the related operating lease components into a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:570.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">single combined component. The single combined component is accounted for under ASC Topic 842 as an operating lease if the lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:582.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">components are the predominant components and is accounted for under ASC Topic 606 if the nonlease components are the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">predominant components. The lease components are the predominant components in the Company’s current licensing arrangements </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and the single combined component in these arrangements is accounted for under the operating lease guidance of ASC Topic 842.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:630.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company has concluded that it is probable that substantially all of the payments will be collected over the term of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">arrangements and recognizes the total combined component license payments under the agreements on a straight-line basis over the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:654.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">non-cancellable term. The difference between straight-line license revenue and amounts billed or received is recorded as deferred </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">revenue in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.59pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.09pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated balance sheets. Certain arrangements include options to extend the term. These extension </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:678.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">options are not reasonably certain to be exercised and are excluded from the lease term and calculation of lease payments at lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:690.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">commencement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:714.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Certain licensing arrangements provide for variable payments for power delivery services and maintenance services on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:726.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">customer assets and reimbursements for lessor costs such as taxes. Payments for physical security and other routine maintenance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:738.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">services are included in the fixed lease payments. Power delivery services represent a stand ready obligation to make power available </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to the customer over the coterminous lease term and have the same pattern of transfer as the related operating lease components. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Customers may request and the Company may provide maintenance services on customer assets during the coterminous lease term. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Customers are charged monthly for fees incurred on these maintenance services delivered and actual power costs incurred at current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">utility or fuel cost rates. These payments from customers for power delivery and maintenance services are recognized as variable lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:120pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">payments in accordance with the practical expedient elected. Variable lease payments are presented on a gross basis and are included </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.269999999999996pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-347">Colocation revenue</span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.22pt;position:var(--position);text-decoration:none;white-space:pre"> in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.19pt;position:var(--position);text-decoration:none;white-space:pre"> condensed consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.46pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue From Contracts With Customers - Digital Asset Self-Mining Revenue</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company recognizes revenue in accordance with ASC Topic 606.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:344.9pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">One of the Company’s ongoing major or central operations is to provide hash calculations to third-party pool operators as a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">participant in mining pools. The Company considers the third-party mining pool operators to be its customers under ASC Topic 606. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Contract inception and the Company’s enforceable right to consideration begin when the Company commences providing hash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">calculation services to the mining pool operators. Each party to the contract has the unilateral right to terminate the contract at any </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">time without any compensation to the other party for such termination. As such, the duration of a contract is less than a day and may </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">be continuously renewed multiple times throughout the day. The implied renewal option is not a material right because there are no </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">upfront or incremental fees in the initial contract and the terms, conditions, and compensation amount for the renewal options are at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the then market rates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company is entitled to non-cash compensation based on the Full-Pay-Per-Share (“FPPS”) model of the mining pool in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">which it participates. FPPS pools pay block rewards and transaction fees, net of mining pool fees, and participants are entitled to non-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:336pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">cash consideration even if a block is not successfully validated by the mining pool operator. The Company is entitled to compensation </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:348pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">once it begins to perform hash calculations for the pool operator in accordance with the operator’s specifications over a daily 24-hour </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">period beginning 00:00:00 UTC and ending 23:59:59 UTC. The non-cash consideration for providing hash calculations to the pool </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">operator under the FPPS payout method is comprised of block rewards and transaction fees net of pool operator fees, determined as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The non-cash consideration in the form of a block reward is based on the total blocks expected to be generated on the Bitcoin </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Network for the daily 24-hour period beginning 00:00:00 UTC and ending 23:59:59 UTC in accordance with the following </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">formula: the daily hash calculations that the Company provided to the pool operator as a percent of the Bitcoin Network’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">implied hash calculations as determined by the network difficulty, multiplied by the total Bitcoin Network block rewards </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">expected to be generated for the same daily period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The non-cash consideration in the form of transaction fees paid by transaction requestors is based on the share of total actual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:480pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">fees paid over the daily 24-hour period beginning 00:00:00 UTC and ending 23:59:59 UTC in accordance with the following </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:492pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">formula: total actual transaction fees generated on the Bitcoin Network during the 24-hour period as a percent of total block </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:504pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">rewards the Bitcoin Network actually generated during the same 24-hour period, multiplied by the block rewards the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company earned for the same 24-hour period noted above.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:534pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The block reward and transaction fees earned by the Company are reduced by mining pool fees charged by the operator for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:546pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">operating the pool based on a rate schedule per the mining pool contract. The mining pool fee is only incurred to the extent </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:558pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the Company performs hash calculations and generate revenue in accordance with the pool operator’s payout formula during </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:570pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the same daily 24-hour period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The above non-cash consideration is variable, since the amount of block reward earned depends on the amount of hash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">calculations the Company performs; the amount of transaction fees the Company is entitled to depends on the actual Bitcoin Network </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:618pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">transaction fees over the same 24-hour period; and the operator fees for the same 24-hour period are variable since they are determined </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on the total block rewards and transaction fees in accordance with the pool operator’s agreement. The Company estimates </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">variable consideration at contract inception and includes amounts for which it is probable that a significant reversal in the amount of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">revenue recognized will not occur when the uncertainty is subsequently resolved. The Company recognizes the non-cash consideration </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">on the same day that control is transferred of the underlying bitcoin, which is the same day as contract inception.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:690pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company measures the non-cash consideration using the spot rate for Bitcoin as quoted on Coinbase Global, Inc., the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:702pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company’s principal market. The Company recognizes non-cash consideration on the same day that control of the contracted service </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:714pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">is transferred to the pool operator, which is the same day as the contract inception.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Direct expenses associated with providing hash calculation services to a third-party operated mining pool are recorded as cost </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of revenues. Depreciation and amortization expenses on fixed and right-of-use assets, including digital asset mining equipment, used </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to provide the services are also recorded as a component of cost of revenues. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue From Contracts With Customers - Digital Asset Hosted Mining Services</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:144pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company generates revenue from contracts with customers from digital asset hosted mining services. The Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:156pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognizes revenue when the promised service is performed. Revenue excludes any amounts collected on behalf of third parties, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">including sales and indirect taxes. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Hosting Services </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company regularly enters contracts that include hosting services, for which revenue is recognized as services are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">performed on a variable basis. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.19pt;position:var(--position);text-decoration:none;white-space:pre">The Company performs hosting services that enable customers to run blockchain and other HPC </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">operations. The Company’s performance obligation related to these services is satisfied over time. The Company recognizes revenue </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">for services that are performed on a consumption basis, such as the amount of electricity used in a period, based on the customer’s use </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of such resources. The Company recognizes variable consumption usage hosting revenue each month as the uncertainty related to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consideration is resolved, hosting services are provided to the Company’s customers, and its customers utilize the hosting services (the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">customer simultaneously receives and consumes the benefits of the Company’s performance). The Company generally bills its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:300pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">customers in advance based on estimated consumption under the contract. The Company recognizes revenue based on actual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consumption in the period and invoices adjustments in subsequent periods or retains credits toward future consumption. The term </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">between invoicing and when payment is due typically does not exceed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.84pt;position:var(--position);text-decoration:none;white-space:pre">30 days</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:350.66pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:354pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Stock-Based Compensation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company grants performance and market conditioned restricted stock units (“PSUs”) to certain executives as part of its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">long-term equity compensation program. Each PSU has service conditions and either market or performance conditions that are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:396pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">subject to respective graded vesting schedules. Each tranche in the respective graded vesting schedule is a separate award for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:408pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accounting purposes and the Company applies the accelerated attribution method to recognize compensation expense. Compensation </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">expense is recognized over the longer of the explicit service period or the performance measurement period of each tranche.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:444pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">PSU tranches with market conditions, such as the relative total shareholder return (“RTSR”) metric, are measured on the grant </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:456pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">date using a Monte Carlo simulation model. PSU tranches with performance conditions are measured using the grant date fair value of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the Company’s common stock and are expensed only when the performance condition is deemed probable of achievement. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:480pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company reassesses the probability of achieving performance conditions at each reporting date and adjusts for actual forfeitures as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:492pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">they occur.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:522pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Recently Adopted Accounting Standards</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2024-04, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:74.33pt;position:var(--position);text-decoration:none;white-space:pre">Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.76pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(“ASU 2024-04”), which clarifies the accounting for certain settlements of convertible debt instruments as induced conversions versus </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">extinguishments. The guidance is effective for fiscal years beginning after December 15, 2025. The Company adopted ASU 2024-04 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">as of January 1, 2026, and will apply the guidance prospectively. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.97pt;position:var(--position);text-decoration:none;white-space:pre">The adoption of ASU 2024-04 did not have a material impact on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company’s consolidated financial statements and related disclosures.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Not Yet Adopted</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:648pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the FASB issued ASU 2024-03, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:274.02pt;position:var(--position);text-decoration:none;white-space:pre">Income Statement - Reporting Comprehensive Income - Expense </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:660pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.69pt;position:var(--position);text-decoration:none;white-space:pre"> (“ASU 2024-03”), which requires </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:672pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. In </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:684pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03 for all public business entities. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:696pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:708pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments should be applied </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:720pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">prospectively; retrospective application is also permitted. The Company is currently evaluating the impact these ASUs will have on its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:732pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consolidated financial statements and related disclosures.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:511.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:523.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">principles generally accepted in the United States of America (“GAAP”). All intercompany balances and transactions have been </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:535.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">eliminated in consolidation.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:559.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The results for the unaudited interim condensed consolidated statements of operations are not necessarily indicative of results to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:571.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">be expected for the year ending December 31, 2026 or for any future interim period. The unaudited interim condensed consolidated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:583.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">financial statements do not include all the information and notes required by GAAP for complete financial statements. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:595.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accompanying unaudited interim financial statements should be read in conjunction with the consolidated financial statements and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:607.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Use of Estimates</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:655.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:667.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:679.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities at the date of the financial statements, and the reported amounts of income and expenses during the reporting period. Some </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:691.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of the more significant estimates include assumptions used in property, plant and equipment, the initial measurement of lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:703.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">liabilities, stock-based compensation, the fair value of derivative liabilities, and income taxes. These estimates are based on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:715.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">information available as of the date of the financial statements; therefore, actual results could differ from management’s estimates.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Cash, Cash Equivalents, and Restricted Cash</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents include all cash balances and highly liquid investments, including money market funds, with original </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">maturities of three months or less from the date of acquisition. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.82pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.4pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:394.83pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.37pt;position:var(--position);text-decoration:none;white-space:pre">, substantially all cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and cash equivalents exceeded Federal Deposit Insurance Corporation insured limits. Restricted cash as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.52pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.1pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:529.6pt;position:var(--position);text-decoration:none;white-space:pre"> consisted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of funds held in escrow in connection with utility and other contractual arrangements.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s digital assets have active markets with observable prices and their fair value measurements are considered </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Level 1. The following table presents a roll-forward of total digital assets for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.77pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.66pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.52pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.1pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.53pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.53pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.03pt;position:var(--position);text-decoration:none;white-space:pre">(in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">thousands):</span></div><div style="position:var(--position);top:222pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Digital assets, beginning of period</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">23,893<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Digital asset self-mining revenue, net of receivables</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:222.39pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">30,119<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">67,441<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Proceeds from sales of digital assets and shared hosting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:47.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.46pt"></span></span><span style="left:50.09pt;position:var(--position)">(208,249)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:47.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:73.29pt"></span></span><span style="left:75.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in fair value of digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:57.46pt"></span></span><span style="left:60.09pt;position:var(--position)">(6,558)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.46pt"></span></span><span style="left:55.09pt;position:var(--position)">(10,688)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Digital assets, end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:78.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:78.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">80,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:324.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;white-space:pre"> As of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:60.14pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:111.01pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:128.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:191.41pt;position:var(--position);text-decoration:none;white-space:pre">, there was </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:227.82pt;position:var(--position);text-decoration:none;white-space:pre">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:266.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:282.47pt;position:var(--position);text-decoration:none;white-space:pre">$0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:321.57pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, of digital asset receivable included in Customer funding </span></div>receivable and other current assets on the Company’s condensed consolidated balance sheets. 222000000 23893000 30119000 67441000 208249000 0 -6558000 -10688000 37312000 80646000 300000 400000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the Company’s bitcoin holdings </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.98pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except for quantity)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span><div style="position:var(--position);top:379.7pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.68pt;position:var(--position);white-space:pre">Quantity</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.34pt;position:var(--position);white-space:pre">Cost Basis</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:90pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.68pt;position:var(--position);white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.29pt"></span></span><span style="left:70.92pt;position:var(--position)">547<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">43,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:15.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.79pt"></span></span><span style="left:63.42pt;position:var(--position)">2,537<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">254,694<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:31.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 547 43725000 37312000 2537 254694000 222000000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Property, Plant and Equipment, Net</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:467.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Property, plant, and equipment includes the cost of land, buildings, and improvements for datacenter and support facilities and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:479.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the Company’s corporate office space. Property and equipment further consists of computer, mining, network, electrical and other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:491.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equipment, including property and equipment under finance leases. Property, plant and equipment, net is stated at cost less </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:503.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accumulated depreciation and amortization. Depreciation and amortization is computed using the straight-line method over the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">estimated useful lives of the assets. Leasehold improvements are capitalized at cost and amortized over the shorter of their estimated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:527.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">useful lives or the lease term. Future obligations related to finance leases are presented as Finance lease liabilities, current portion and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:539.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, net of current portion in the Company’s condensed consolidated balance sheets. Depreciation expense, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:551.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">including amortization of assets held under finance leases, is primarily included in Cost of revenue in the Company’s condensed </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Property, plant and equipment capitalized costs include the directly identifiable costs incurred to acquire, construct, install, or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:599.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">otherwise prepare the asset for its intended use and to put it into service. Directly identifiable costs include construction payroll and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:611.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">benefits and other direct capital project costs. </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:635.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">When management decides to abandon long-lived assets before the end of their previously estimated useful life, the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:647.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">considers whether an impairment of the related asset group has been triggered. If that asset group is no longer recoverable, an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:659.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">impairment is recognized for any excess of the asset group’s carrying value above its fair value. Thereafter, the estimated useful life, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:671.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">salvage value, and prospective depreciation of the affected assets are revised to reflect their shortened remaining useful life. The </span></div>historical cost of assets, and related accumulated depreciation, are written off at the time that assets are removed from service. <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Long-Lived Asset Impairments</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:731.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company tests long-lived asset groups for recoverability whenever events or changes in circumstances have occurred that </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:743.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">may affect recoverability or the estimated useful lives of long-lived assets. Long-lived assets include property, plant and equipment </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and intangible assets subject to amortization. A long-lived asset may be impaired when the estimated future undiscounted cash flows </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">are less than the carrying amount of the asset. If that comparison indicates that the asset’s carrying value may not be recoverable, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">impairment is measured based on the difference between the carrying amount and the estimated fair value of the asset. Long-lived </span></div>assets to be disposed of are reported at the lower of the carrying amount or estimated fair value less costs to sell. <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Revenue</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:156pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Deferred revenue from colocation services relate to prepaid base license fees for colocation lease arrangements which are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accounted for under </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.41pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Codification (“ASC”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.83pt;position:var(--position);text-decoration:none;white-space:pre"> 842, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:319.33pt;position:var(--position);text-decoration:none;white-space:pre">Leases (“ASC Topic 842”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.33pt;position:var(--position);text-decoration:none;white-space:pre">. Prepaid base license fees relate to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">capital expenditures on colocation facility site development funded by the customer. Deferred revenue from hosted mining services </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">relates to customer contracts for digital asset hosted mining services which are accounted for under ASC 606, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:476.6pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:561.19pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(“ASC Topic 606”). Advanced payments are typically recognized in the following month for hosted mining services and are generally </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognized within </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.35pt;position:var(--position);text-decoration:none;white-space:pre">30 months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.28pt;position:var(--position);text-decoration:none;white-space:pre"> of license order commencement for colocation services.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue From Contracts With Customers - Digital Asset Self-Mining Revenue</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company recognizes revenue in accordance with ASC Topic 606.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:344.9pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">One of the Company’s ongoing major or central operations is to provide hash calculations to third-party pool operators as a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">participant in mining pools. The Company considers the third-party mining pool operators to be its customers under ASC Topic 606. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Contract inception and the Company’s enforceable right to consideration begin when the Company commences providing hash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">calculation services to the mining pool operators. Each party to the contract has the unilateral right to terminate the contract at any </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">time without any compensation to the other party for such termination. As such, the duration of a contract is less than a day and may </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">be continuously renewed multiple times throughout the day. The implied renewal option is not a material right because there are no </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">upfront or incremental fees in the initial contract and the terms, conditions, and compensation amount for the renewal options are at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the then market rates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company is entitled to non-cash compensation based on the Full-Pay-Per-Share (“FPPS”) model of the mining pool in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">which it participates. FPPS pools pay block rewards and transaction fees, net of mining pool fees, and participants are entitled to non-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:336pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">cash consideration even if a block is not successfully validated by the mining pool operator. The Company is entitled to compensation </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:348pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">once it begins to perform hash calculations for the pool operator in accordance with the operator’s specifications over a daily 24-hour </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">period beginning 00:00:00 UTC and ending 23:59:59 UTC. The non-cash consideration for providing hash calculations to the pool </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">operator under the FPPS payout method is comprised of block rewards and transaction fees net of pool operator fees, determined as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The non-cash consideration in the form of a block reward is based on the total blocks expected to be generated on the Bitcoin </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Network for the daily 24-hour period beginning 00:00:00 UTC and ending 23:59:59 UTC in accordance with the following </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">formula: the daily hash calculations that the Company provided to the pool operator as a percent of the Bitcoin Network’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">implied hash calculations as determined by the network difficulty, multiplied by the total Bitcoin Network block rewards </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">expected to be generated for the same daily period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The non-cash consideration in the form of transaction fees paid by transaction requestors is based on the share of total actual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:480pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">fees paid over the daily 24-hour period beginning 00:00:00 UTC and ending 23:59:59 UTC in accordance with the following </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:492pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">formula: total actual transaction fees generated on the Bitcoin Network during the 24-hour period as a percent of total block </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:504pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">rewards the Bitcoin Network actually generated during the same 24-hour period, multiplied by the block rewards the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company earned for the same 24-hour period noted above.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:534pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The block reward and transaction fees earned by the Company are reduced by mining pool fees charged by the operator for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:546pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">operating the pool based on a rate schedule per the mining pool contract. The mining pool fee is only incurred to the extent </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:558pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the Company performs hash calculations and generate revenue in accordance with the pool operator’s payout formula during </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:570pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the same daily 24-hour period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The above non-cash consideration is variable, since the amount of block reward earned depends on the amount of hash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">calculations the Company performs; the amount of transaction fees the Company is entitled to depends on the actual Bitcoin Network </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:618pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">transaction fees over the same 24-hour period; and the operator fees for the same 24-hour period are variable since they are determined </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on the total block rewards and transaction fees in accordance with the pool operator’s agreement. The Company estimates </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">variable consideration at contract inception and includes amounts for which it is probable that a significant reversal in the amount of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">revenue recognized will not occur when the uncertainty is subsequently resolved. The Company recognizes the non-cash consideration </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">on the same day that control is transferred of the underlying bitcoin, which is the same day as contract inception.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:690pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company measures the non-cash consideration using the spot rate for Bitcoin as quoted on Coinbase Global, Inc., the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:702pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company’s principal market. The Company recognizes non-cash consideration on the same day that control of the contracted service </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:714pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">is transferred to the pool operator, which is the same day as the contract inception.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Direct expenses associated with providing hash calculation services to a third-party operated mining pool are recorded as cost </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of revenues. Depreciation and amortization expenses on fixed and right-of-use assets, including digital asset mining equipment, used </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to provide the services are also recorded as a component of cost of revenues. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue From Contracts With Customers - Digital Asset Hosted Mining Services</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:144pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company generates revenue from contracts with customers from digital asset hosted mining services. The Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:156pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognizes revenue when the promised service is performed. Revenue excludes any amounts collected on behalf of third parties, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">including sales and indirect taxes. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Hosting Services </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company regularly enters contracts that include hosting services, for which revenue is recognized as services are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">performed on a variable basis. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.19pt;position:var(--position);text-decoration:none;white-space:pre">The Company performs hosting services that enable customers to run blockchain and other HPC </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">operations. The Company’s performance obligation related to these services is satisfied over time. The Company recognizes revenue </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">for services that are performed on a consumption basis, such as the amount of electricity used in a period, based on the customer’s use </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of such resources. The Company recognizes variable consumption usage hosting revenue each month as the uncertainty related to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consideration is resolved, hosting services are provided to the Company’s customers, and its customers utilize the hosting services (the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">customer simultaneously receives and consumes the benefits of the Company’s performance). The Company generally bills its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:300pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">customers in advance based on estimated consumption under the contract. The Company recognizes revenue based on actual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consumption in the period and invoices adjustments in subsequent periods or retains credits toward future consumption. The term </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">between invoicing and when payment is due typically does not exceed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.84pt;position:var(--position);text-decoration:none;white-space:pre">30 days</span>. P30M <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents a rollforward of deferred revenue for the periods presented</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.26pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span><div style="position:var(--position);top:264pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:231.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:99.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:99.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:99.75pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.48pt;position:var(--position);white-space:pre">Deferred Revenue from </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.46pt;position:var(--position);white-space:pre">Colocation Services</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.48pt;position:var(--position);white-space:pre">Deferred Revenue from </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.46pt;position:var(--position);white-space:pre">Hosted Mining Services</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);width:99.75pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:99.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.81pt;position:var(--position);white-space:pre">Total Deferred Revenue</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:20.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:68.17pt;position:var(--position)">17,785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:20.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:73.04pt"></span></span><span style="left:80.67pt;position:var(--position)">349<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:20.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:68.17pt;position:var(--position)">18,134<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:27pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:6.42pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Revenue recognized that was included in the deferred </span></div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">revenue balance as of the beginning of the year</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:36pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(5,124)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:36pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:74.71pt"></span></span><span style="left:77.33999999999999pt;position:var(--position)">(329)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:36pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(5,453)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Base license fee earned, not yet due</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:63pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(13,633)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:63pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:83.04pt"></span></span><span style="left:85.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:63pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(13,633)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Additional customer funding received</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:77.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">554,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:77.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,953<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:77.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">556,803<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:91.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">553,878<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:91.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,973<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:91.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">555,851<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Revenue recognized that was included in the deferred </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">revenue balance as of the beginning of the year</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:105.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(22,530)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:105.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(1,973)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:105.75pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:62.21pt"></span></span><span style="left:64.84pt;position:var(--position)">(24,503)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Base license fee earned, not yet due</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:132pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(8,590)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:132pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:83.04pt"></span></span><span style="left:85.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:132pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.21pt"></span></span><span style="left:69.83999999999999pt;position:var(--position)">(8,590)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Additional customer funding received</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:146.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">129,952<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:146.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:146.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">131,469<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:160.5pt;width:231.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at March 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:160.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">652,710<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:337.5pt;position:var(--position);top:160.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">1,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:160.5pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">654,227<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:231.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Current portion at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.72pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:189pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">219,555<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:203.25pt;width:231.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:231.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Non-current portion at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:203.25pt;width:99.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:99.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">434,672<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 17785000 349000 18134000 5124000 329000 5453000 13633000 0 13633000 554850000 1953000 556803000 553878000 1973000 555851000 22530000 1973000 24503000 8590000 0 8590000 129952000 1517000 131469000 652710000 1517000 654227000 219555000 434672000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition - Colocation Revenue</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:522.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s Colocation segment generates revenue by licensing data center space to customers under licensing agreements. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:534.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">These arrangements contain lease components for the right to use data center space and nonlease components for power delivery, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:546.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">physical security, and maintenance services. The Company has elected the practical expedient available under ASC Topic 842, to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:558.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">combine the nonlease revenue components that have the same pattern of transfer as the related operating lease components into a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:570.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">single combined component. The single combined component is accounted for under ASC Topic 842 as an operating lease if the lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:582.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">components are the predominant components and is accounted for under ASC Topic 606 if the nonlease components are the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">predominant components. The lease components are the predominant components in the Company’s current licensing arrangements </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and the single combined component in these arrangements is accounted for under the operating lease guidance of ASC Topic 842.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:630.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company has concluded that it is probable that substantially all of the payments will be collected over the term of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">arrangements and recognizes the total combined component license payments under the agreements on a straight-line basis over the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:654.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">non-cancellable term. The difference between straight-line license revenue and amounts billed or received is recorded as deferred </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">revenue in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.59pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.09pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated balance sheets. Certain arrangements include options to extend the term. These extension </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:678.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">options are not reasonably certain to be exercised and are excluded from the lease term and calculation of lease payments at lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:690.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">commencement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:714.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Certain licensing arrangements provide for variable payments for power delivery services and maintenance services on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:726.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">customer assets and reimbursements for lessor costs such as taxes. Payments for physical security and other routine maintenance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:738.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">services are included in the fixed lease payments. Power delivery services represent a stand ready obligation to make power available </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to the customer over the coterminous lease term and have the same pattern of transfer as the related operating lease components. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Customers may request and the Company may provide maintenance services on customer assets during the coterminous lease term. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Customers are charged monthly for fees incurred on these maintenance services delivered and actual power costs incurred at current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">utility or fuel cost rates. These payments from customers for power delivery and maintenance services are recognized as variable lease </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:120pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">payments in accordance with the practical expedient elected. Variable lease payments are presented on a gross basis and are included </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.269999999999996pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-347">Colocation revenue</span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.22pt;position:var(--position);text-decoration:none;white-space:pre"> in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.19pt;position:var(--position);text-decoration:none;white-space:pre"> condensed consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.46pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> P30D <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Stock-Based Compensation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company grants performance and market conditioned restricted stock units (“PSUs”) to certain executives as part of its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">long-term equity compensation program. Each PSU has service conditions and either market or performance conditions that are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:396pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">subject to respective graded vesting schedules. Each tranche in the respective graded vesting schedule is a separate award for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:408pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accounting purposes and the Company applies the accelerated attribution method to recognize compensation expense. Compensation </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">expense is recognized over the longer of the explicit service period or the performance measurement period of each tranche.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:444pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">PSU tranches with market conditions, such as the relative total shareholder return (“RTSR”) metric, are measured on the grant </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:456pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">date using a Monte Carlo simulation model. PSU tranches with performance conditions are measured using the grant date fair value of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the Company’s common stock and are expensed only when the performance condition is deemed probable of achievement. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:480pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company reassesses the probability of achieving performance conditions at each reporting date and adjusts for actual forfeitures as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:492pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">they occur.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Recently Adopted Accounting Standards</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2024-04, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:74.33pt;position:var(--position);text-decoration:none;white-space:pre">Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.76pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(“ASU 2024-04”), which clarifies the accounting for certain settlements of convertible debt instruments as induced conversions versus </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">extinguishments. The guidance is effective for fiscal years beginning after December 15, 2025. The Company adopted ASU 2024-04 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">as of January 1, 2026, and will apply the guidance prospectively. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.97pt;position:var(--position);text-decoration:none;white-space:pre">The adoption of ASU 2024-04 did not have a material impact on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company’s consolidated financial statements and related disclosures.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Not Yet Adopted</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:648pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the FASB issued ASU 2024-03, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:274.02pt;position:var(--position);text-decoration:none;white-space:pre">Income Statement - Reporting Comprehensive Income - Expense </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:660pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.69pt;position:var(--position);text-decoration:none;white-space:pre"> (“ASU 2024-03”), which requires </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:672pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. In </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:684pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03 for all public business entities. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:696pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:708pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments should be applied </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:720pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">prospectively; retrospective application is also permitted. The Company is currently evaluating the impact these ASUs will have on its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:732pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consolidated financial statements and related disclosures.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">3.        PROPERTY, PLANT, AND EQUIPMENT</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Property, plant and equipment, net as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.34pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:288.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:305.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.35pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:386.89pt;position:var(--position);text-decoration:none;white-space:pre"> consist of the following (in thousands):</span></div><div style="position:var(--position);top:114pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:338.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">Estimated Useful </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Lives</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Land and improvements</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:99.75pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">74,906<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">21,769<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.83pt;position:var(--position);text-decoration:none;white-space:pre">20 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Building and improvements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">295,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">275,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.45pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.45pt;position:var(--position);white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.22pt;position:var(--position);text-decoration:none;white-space:pre">39 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Mining equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">314,357<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">393,623<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">3 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Electrical and mechanical equipment</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">91,015<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">80,384<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.83pt;position:var(--position);text-decoration:none;white-space:pre">15 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other property, plant and equipment</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">16,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">18,164<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.45pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.45pt;position:var(--position);white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.22pt;position:var(--position);text-decoration:none;white-space:pre">7 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">791,823<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">789,126<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: accumulated depreciation and amortization</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">372,193<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">406,893<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:129pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">419,630<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:129pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">382,233<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Add: Construction in progress</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:144.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">925,294<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:144.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">911,066<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,344,924<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,293,299<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:295.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1  </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.2pt;position:var(--position);text-decoration:none;white-space:pre">Estimated useful life of improvements. Land is not depreciated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:316.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.62pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.51pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.37pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.38pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:364.38pt;position:var(--position);text-decoration:none;white-space:pre"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.92pt;position:var(--position);text-decoration:none;white-space:pre">$16.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.77pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.7pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.2pt;position:var(--position);text-decoration:none;white-space:pre">$19.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.05pt;position:var(--position);text-decoration:none;white-space:pre">, respectively</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:565.3pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:340.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.85pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.28pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.28pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.28pt;position:var(--position);text-decoration:none;white-space:pre">$140.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.13pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.56pt;position:var(--position);text-decoration:none;white-space:pre">$1.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.41pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.41pt;position:var(--position);text-decoration:none;white-space:pre">respectively, of construction in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:352.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">progress was placed into service.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:376.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.44pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.95pt;position:var(--position);text-decoration:none;white-space:pre"> December 31, 2025, property, plant and equipment, net being leased to customers consisted of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:388.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">following (in thousands):</span></div><div style="position:var(--position);top:412.85pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:406.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Land and improvements</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:20.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">63,809<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:20.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,546<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Building and improvements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">261,208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">146,082<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Electrical and mechanical equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:48.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">41,735<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:48.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">19,146<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other property, plant and equipment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">224<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">226<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">366,976<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">171,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: accumulated depreciation and amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:91.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">11,502<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:91.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,856<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Property, plant and equipment, net leased to customers</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">355,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">161,144<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:551.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense for assets leased to customers for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.31pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.2pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.06pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.64pt;position:var(--position);text-decoration:none;white-space:pre">, was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.68pt;position:var(--position);text-decoration:none;white-space:pre">$2.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.53pt;position:var(--position);text-decoration:none;white-space:pre">. There were </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46pt;position:var(--position);text-decoration:none;white-space:pre"> assets leased to customer for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.75pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.33pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">During the three months ended March 31, 2026, the Company identified indicators of impairment of its mining equipment and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:599.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">mining infrastructure asset groups, including sustained declines in bitcoin prices, declines in bitcoin </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.48pt;position:var(--position);text-decoration:none;white-space:pre">hashprice,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.26pt;position:var(--position);text-decoration:none;white-space:pre"> and significant </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:611.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">decreases in secondary market values for digital asset mining equipment. As a result, the Company performed a recoverability </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:623.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">assessment of its mining-related asset groups in accordance with ASC Topic 360-10. The undiscounted future cash flows for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.89pt;position:var(--position);text-decoration:none;white-space:pre">each </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:635.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">asset group</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81.24000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> was less than its carrying amount, indicating the assets were not recoverable.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:659.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company measured the fair value of its mining equipment using a market approach based on observable secondary market </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:671.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">pricing data for similar assets. The Company measured the fair value of its mining infrastructure assets using an income approach </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:683.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on a discounted cash flow analysis reflecting the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.68pt;position:var(--position);text-decoration:none;white-space:pre">estimated future cash flows a market participant would expect from operating </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:695.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the assets as mining hosting facilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:719.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.85pt;position:var(--position);text-decoration:none;white-space:pre">, the Company recognized impairment charges of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.61pt;position:var(--position);text-decoration:none;white-space:pre">$266.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:511.46pt;position:var(--position);text-decoration:none;white-space:pre">, consisting of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:731.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">$151.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.85pt;position:var(--position);text-decoration:none;white-space:pre"> related to mining equipment and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.69pt;position:var(--position);text-decoration:none;white-space:pre">$114.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:288.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> related to mining infrastructure, which are included in Impairment of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">property, plant and equipment in the condensed consolidated statements of operations. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.67pt;position:var(--position);text-decoration:none;white-space:pre">No</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.89pt;position:var(--position);text-decoration:none;white-space:pre"> impairment charges were recognized during </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.7pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.95pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:131.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.03pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Property, plant and equipment, net as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.34pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:288.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:305.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.35pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:386.89pt;position:var(--position);text-decoration:none;white-space:pre"> consist of the following (in thousands):</span><div style="position:var(--position);top:114pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:338.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.43pt;position:var(--position);text-decoration:none;white-space:pre">Estimated Useful </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Lives</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Land and improvements</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:99.75pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">74,906<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">21,769<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.83pt;position:var(--position);text-decoration:none;white-space:pre">20 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Building and improvements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">295,367<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">275,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.45pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.45pt;position:var(--position);white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.22pt;position:var(--position);text-decoration:none;white-space:pre">39 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Mining equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">314,357<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">393,623<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.33pt;position:var(--position);text-decoration:none;white-space:pre">3 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Electrical and mechanical equipment</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">91,015<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">80,384<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.83pt;position:var(--position);text-decoration:none;white-space:pre">15 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other property, plant and equipment</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">16,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">18,164<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:86.25pt;width:65.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.45pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.45pt;position:var(--position);white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.22pt;position:var(--position);text-decoration:none;white-space:pre">7 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">791,823<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">789,126<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: accumulated depreciation and amortization</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">372,193<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">406,893<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:129pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">419,630<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:129pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">382,233<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:338.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:338.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Add: Construction in progress</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:144.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">925,294<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:144.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">911,066<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,344,924<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,293,299<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:295.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1  </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.2pt;position:var(--position);text-decoration:none;white-space:pre">Estimated useful life of improvements. Land is not depreciated.</span></div> 74906000 21769000 P20Y 295367000 275186000 P10Y P39Y 314357000 393623000 P3Y 91015000 80384000 P15Y 16178000 18164000 P5Y P7Y 791823000 789126000 372193000 406893000 419630000 382233000 925294000 911066000 1344924000 1293299000 16400000 19500000 -140500000 140500000 1600000 -1600000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.44pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.95pt;position:var(--position);text-decoration:none;white-space:pre"> December 31, 2025, property, plant and equipment, net being leased to customers consisted of the </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:388.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">following (in thousands):</span></div><div style="position:var(--position);top:412.85pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:406.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Land and improvements</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:20.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">63,809<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:20.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,546<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Building and improvements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">261,208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:34.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">146,082<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Electrical and mechanical equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:48.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">41,735<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:48.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">19,146<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other property, plant and equipment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">224<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">226<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">366,976<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">171,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: accumulated depreciation and amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:91.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">11,502<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:91.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,856<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:406.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Property, plant and equipment, net leased to customers</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">355,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:105.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">161,144<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 63809000 5546000 261208000 146082000 41735000 19146000 224000 226000 366976000 171000000 11502000 9856000 355475000 161144000 2600000 0 266500000 151600000 114900000 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">4.        BALANCE SHEET COMPONENTS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Customer funding receivable and other current assets as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.25pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.68pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.22pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands):</span></div><div style="position:var(--position);top:174pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Customer funding receivable</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">315,667<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">337,158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">36,461<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">25,001<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total customer funding receivable and other current assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">352,128<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">362,159<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:254pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Customer funding receivable represents amounts due from the Company’s customer for construction-related payables and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:266pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">accrued expenses incurred on their behalf. The Company collects these amounts from the customer prior to payment to vendor</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.81pt;position:var(--position);text-decoration:none;white-space:pre">s.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:548.2pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:278pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Obligations related to customer items are paid soon after reimbursement.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.29pt;position:var(--position);text-decoration:none;white-space:pre"> As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.23pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.81pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.81pt;position:var(--position);text-decoration:none;white-space:pre">$187.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.66pt;position:var(--position);text-decoration:none;white-space:pre"> of the related </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:290pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">obligations were included in accrued expenses and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.03pt;position:var(--position);text-decoration:none;white-space:pre">$128.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.88pt;position:var(--position);text-decoration:none;white-space:pre"> were included in accounts payable, compared with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:507.12pt;position:var(--position);text-decoration:none;white-space:pre">$290.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:565.97pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:302pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in accrued expenses and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.32pt;position:var(--position);text-decoration:none;white-space:pre">$46.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.17pt;position:var(--position);text-decoration:none;white-space:pre"> in accounts payable as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.6pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.14pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:326pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued expenses as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.56pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.14pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.57pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.11pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following (in thousands):</span></div><div style="position:var(--position);top:350pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Accrued customer funded construction</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">193,669<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">290,603<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued capital expenditures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:53.42pt;position:var(--position)">118,681<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:53.42pt;position:var(--position)">197,888<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">52,129<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">23,466<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total accrued expenses </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">364,479<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">511,957<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:444.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Other noncurrent liabilities as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.33pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.88pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following (in thousands):</span></div><div style="position:var(--position);top:468.25pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Operating lease liabilities, net of current portion</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">86,181<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">89,011<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Customer security deposit, net of current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">11,040<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">11,040<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.79pt"></span></span><span style="left:63.42pt;position:var(--position)">3,428<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.79pt"></span></span><span style="left:63.42pt;position:var(--position)">4,210<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total other noncurrent liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">100,649<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">104,261<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Customer funding receivable and other current assets as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.25pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.68pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.22pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands):</span></div><div style="position:var(--position);top:174pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Customer funding receivable</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">315,667<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">337,158<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">36,461<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">25,001<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total customer funding receivable and other current assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">352,128<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">362,159<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 315667000 337158000 36461000 25001000 352128000 362159000 187700000 128000000.0 290600000 46600000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued expenses as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.56pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.14pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.57pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.11pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following (in thousands):</span><div style="position:var(--position);top:350pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Accrued customer funded construction</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">193,669<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">290,603<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued capital expenditures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:53.42pt;position:var(--position)">118,681<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:53.42pt;position:var(--position)">197,888<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">52,129<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">23,466<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total accrued expenses </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">364,479<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">511,957<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 193669000 290603000 118681000 197888000 52129000 23466000 364479000 511957000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Other noncurrent liabilities as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.33pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.88pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following (in thousands):</span><div style="position:var(--position);top:468.25pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354.75pt"></td><td style="padding:0;width:90pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.45pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);width:90pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Operating lease liabilities, net of current portion</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">86,181<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:20.25pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.79pt"></span></span><span style="left:58.42pt;position:var(--position)">89,011<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Customer security deposit, net of current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">11,040<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:34.5pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:55.79pt"></span></span><span style="left:58.42pt;position:var(--position)">11,040<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.79pt"></span></span><span style="left:63.42pt;position:var(--position)">3,428<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:48.75pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.79pt"></span></span><span style="left:63.42pt;position:var(--position)">4,210<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:354.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Total other noncurrent liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">100,649<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:63pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:90pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.79pt"></span></span><span style="left:53.42pt;position:var(--position)">104,261<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 86181000 89011000 11040000 11040000 3428000 4210000 100649000 104261000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">5.        LEASES</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:104.32pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Lessee Accounting</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of operating and finance leases are presented on the Company’s condensed consolidated balance sheets as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows (in thousands):</span></div><div style="position:var(--position);top:150pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:529.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:168pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:168pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);width:168pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.61pt;position:var(--position);text-decoration:none;white-space:pre">Financial statement line item</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.81pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:26.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:26.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:26.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">105,986<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:26.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">108,484<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease right-of-use assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:40.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-442"><span style="-sec-ix-hidden:f-443">Other noncurrent assets</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:40.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">1,748<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:40.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">1,843<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease liabilities, </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:69pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-446"><span style="-sec-ix-hidden:f-447">Other current liabilities</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:69pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">12,873<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:69pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">12,343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:27pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:6.42pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease liabilities, net </span></div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  of current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:95.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:168pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-450"><span style="-sec-ix-hidden:f-451">Other noncurrent liabilities</span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:95.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">86,181<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:95.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">89,011<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:122.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-454"><span style="-sec-ix-hidden:f-455">Other current liabilities</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:122.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:78.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:122.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:78.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:136.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, net of </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:136.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-458"><span style="-sec-ix-hidden:f-459">Other noncurrent liabilities</span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:136.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">860<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:136.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">844<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:329.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease expense were as follows (in thousands):</span></div><div style="position:var(--position);top:353.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:531pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:174.75pt"></td><td style="padding:0;width:9pt"></td><td style="padding:0;width:215.25pt"></td><td style="padding:0;width:9pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.54pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:20.25pt;width:215.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:58.23pt;position:var(--position);text-decoration:none;white-space:pre">Financial statement line item</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:40.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of colocation services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:40.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">3,786<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:40.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">3,407<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:54.75pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:54.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">102<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:54.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">85<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:69pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset hosted mining services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:69pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">12<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:69pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.29pt"></span></span><span style="left:50.92pt;position:var(--position)">5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:83.25pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">163<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">1,207<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short-term lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:97.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:97.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">142<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:97.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">286<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Variable lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:111.75pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of colocation services</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:111.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">385<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:111.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">269<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease expense:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Amortization of right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:140.25pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">226<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on lease liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:154.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">16<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">49<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total finance lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">111<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">275<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:183pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,701<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:183pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">5,534<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:568pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Information relating to the lease term and discount rate is as follows:</span></div><div style="position:var(--position);top:586pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:528.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:359.25pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average Remaining Lease Term (Years)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">7.3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">8.3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">4.7</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">0.5</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average Discount Rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">8.5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">8.5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">7.4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:53.34pt;position:var(--position)"></span><span style="left:53.34pt;position:var(--position)">12.6<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Information relating to lease payments is as follows (in thousands):</span></div><div style="position:var(--position);top:102pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:530.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:366.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:163.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:17.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:17.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease Payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating cash flows from operating leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">5,058<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">3,052<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating cash flows from finance leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:71.17pt;position:var(--position)">5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">40<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Financing cash flows from finance leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,095<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:61.17pt;position:var(--position)">509<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental Noncash Information</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets obtained in exchange for lease obligations</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:134.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:134.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in operating right-of-use assets due to lease modification</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:148.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:148.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.21pt"></span></span><span style="left:57.84pt;position:var(--position)">(593)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in operating right-of-use assets due to termination</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:162.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:42.71pt"></span></span><span style="left:50.34pt;position:var(--position)">(1,318)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:162.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:299.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s minimum payments under noncancelable operating and finance leases having terms in excess of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.0799999999999pt;position:var(--position);text-decoration:none;white-space:pre">one year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.2pt;position:var(--position);text-decoration:none;white-space:pre"> are as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:311.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.18pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.76pt;position:var(--position);text-decoration:none;white-space:pre">, and thereafter </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.44pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:329.6pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:376.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.26pt;position:var(--position);white-space:pre">Operating Leases</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);white-space:pre">Finance Leases</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">15,418<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,926<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">257<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,938<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,079<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">403<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">132,815<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: imputed interest</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,761<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">240<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">99,054<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:61.17pt;position:var(--position)">860<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Lessor Accounting</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">We generate revenue by leasing property to a customer under licensing agreements. The manner in which the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognizes these transactions in its financial statements is described in Note </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.85pt;position:var(--position);text-decoration:none;white-space:pre">2 — Summary of Significant Accounting Policies</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.11pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition — Colocation Segment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.23pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:561.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease revenue were as follows (in thousands):</span></div><div style="position:var(--position);top:585.1pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:376.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:163.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:23.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:23.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:37.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Lease Revenue</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Operating lease revenue</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:51.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">59,196<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:51.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">5,995<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Variable lease revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:66pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">10,219<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:66pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.04pt"></span></span><span style="left:53.67pt;position:var(--position)">2,578<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:80.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">69,415<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:80.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">8,573<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table represents the maturity analysis of operating lease payments expected to be received at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.52pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.1pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and thereafter </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.68pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands):</span></div><div style="position:var(--position);top:108pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:459.75pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.96pt;position:var(--position);white-space:pre">Operating Leases</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:68.69pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">1</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:20.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">111,933<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">153,848<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">231,487<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">302,930<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">313,402<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:91.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:36.17pt;position:var(--position)">2,277,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:105.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.54pt"></span></span><span style="left:36.17pt;position:var(--position)">3,391,088<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:236pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-0.889pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre"> O</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.37pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre">perating lease payments expected to be received exclude </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:229.34pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre">$5.8 billion</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:266.22pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre"> in total future noncancellable operating lease payments expected to be received for operating </span></div><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">leases that have not yet commenced as of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:170.13pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:221pt;position:var(--position);text-decoration:none;white-space:pre">, which have initial lease terms of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:330.69pt;position:var(--position);text-decoration:none;white-space:pre">12 years</span> from commencement. <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">5.        LEASES</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:104.32pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Lessee Accounting</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of operating and finance leases are presented on the Company’s condensed consolidated balance sheets as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows (in thousands):</span></div><div style="position:var(--position);top:150pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:529.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:168pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:168pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);width:168pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.61pt;position:var(--position);text-decoration:none;white-space:pre">Financial statement line item</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.81pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:26.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:26.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:26.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">105,986<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:26.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">108,484<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease right-of-use assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:40.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-442"><span style="-sec-ix-hidden:f-443">Other noncurrent assets</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:40.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">1,748<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:40.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">1,843<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease liabilities, </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:69pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-446"><span style="-sec-ix-hidden:f-447">Other current liabilities</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:69pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">12,873<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:69pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">12,343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:27pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:6.42pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease liabilities, net </span></div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  of current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:95.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:168pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-450"><span style="-sec-ix-hidden:f-451">Other noncurrent liabilities</span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:95.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">86,181<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:95.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">89,011<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:122.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-454"><span style="-sec-ix-hidden:f-455">Other current liabilities</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:122.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:78.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:122.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:78.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:136.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, net of </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:136.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-458"><span style="-sec-ix-hidden:f-459">Other noncurrent liabilities</span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:136.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">860<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:136.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">844<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:329.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease expense were as follows (in thousands):</span></div><div style="position:var(--position);top:353.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:531pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:174.75pt"></td><td style="padding:0;width:9pt"></td><td style="padding:0;width:215.25pt"></td><td style="padding:0;width:9pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.54pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:20.25pt;width:215.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:58.23pt;position:var(--position);text-decoration:none;white-space:pre">Financial statement line item</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:40.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of colocation services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:40.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">3,786<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:40.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">3,407<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:54.75pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:54.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">102<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:54.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">85<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:69pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset hosted mining services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:69pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">12<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:69pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.29pt"></span></span><span style="left:50.92pt;position:var(--position)">5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:83.25pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">163<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">1,207<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short-term lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:97.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:97.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">142<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:97.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">286<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Variable lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:111.75pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of colocation services</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:111.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">385<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:111.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">269<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease expense:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Amortization of right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:140.25pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">226<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on lease liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:154.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">16<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">49<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total finance lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">111<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">275<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:183pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,701<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:183pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">5,534<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:568pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Information relating to the lease term and discount rate is as follows:</span></div><div style="position:var(--position);top:586pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:528.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:359.25pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average Remaining Lease Term (Years)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">7.3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">8.3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">4.7</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">0.5</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average Discount Rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">8.5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">8.5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">7.4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:53.34pt;position:var(--position)"></span><span style="left:53.34pt;position:var(--position)">12.6<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Information relating to lease payments is as follows (in thousands):</span></div><div style="position:var(--position);top:102pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:530.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:366.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:163.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:17.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:17.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease Payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating cash flows from operating leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">5,058<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">3,052<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating cash flows from finance leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:71.17pt;position:var(--position)">5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">40<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Financing cash flows from finance leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,095<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:61.17pt;position:var(--position)">509<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental Noncash Information</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets obtained in exchange for lease obligations</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:134.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:134.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in operating right-of-use assets due to lease modification</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:148.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:148.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.21pt"></span></span><span style="left:57.84pt;position:var(--position)">(593)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in operating right-of-use assets due to termination</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:162.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:42.71pt"></span></span><span style="left:50.34pt;position:var(--position)">(1,318)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:162.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:299.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s minimum payments under noncancelable operating and finance leases having terms in excess of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.0799999999999pt;position:var(--position);text-decoration:none;white-space:pre">one year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.2pt;position:var(--position);text-decoration:none;white-space:pre"> are as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:311.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.18pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.76pt;position:var(--position);text-decoration:none;white-space:pre">, and thereafter </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.44pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:329.6pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:376.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.26pt;position:var(--position);white-space:pre">Operating Leases</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);white-space:pre">Finance Leases</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">15,418<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,926<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">257<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,938<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,079<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">403<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">132,815<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: imputed interest</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,761<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">240<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">99,054<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:61.17pt;position:var(--position)">860<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Lessor Accounting</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">We generate revenue by leasing property to a customer under licensing agreements. The manner in which the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recognizes these transactions in its financial statements is described in Note </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.85pt;position:var(--position);text-decoration:none;white-space:pre">2 — Summary of Significant Accounting Policies</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.11pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition — Colocation Segment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.23pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:561.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease revenue were as follows (in thousands):</span></div><div style="position:var(--position);top:585.1pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:376.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:163.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:23.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:23.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:37.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Lease Revenue</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Operating lease revenue</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:51.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">59,196<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:51.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">5,995<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Variable lease revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:66pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">10,219<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:66pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.04pt"></span></span><span style="left:53.67pt;position:var(--position)">2,578<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:80.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">69,415<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:80.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">8,573<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table represents the maturity analysis of operating lease payments expected to be received at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.52pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.1pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and thereafter </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.68pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands):</span></div><div style="position:var(--position);top:108pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:459.75pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.96pt;position:var(--position);white-space:pre">Operating Leases</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:68.69pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">1</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:20.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">111,933<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">153,848<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">231,487<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">302,930<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">313,402<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:91.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:36.17pt;position:var(--position)">2,277,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:105.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.54pt"></span></span><span style="left:36.17pt;position:var(--position)">3,391,088<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:236pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-0.889pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre"> O</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.37pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre">perating lease payments expected to be received exclude </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:229.34pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre">$5.8 billion</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:266.22pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre"> in total future noncancellable operating lease payments expected to be received for operating </span></div><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">leases that have not yet commenced as of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:170.13pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:221pt;position:var(--position);text-decoration:none;white-space:pre">, which have initial lease terms of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:330.69pt;position:var(--position);text-decoration:none;white-space:pre">12 years</span> from commencement. <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of operating and finance leases are presented on the Company’s condensed consolidated balance sheets as </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows (in thousands):</span></div><div style="position:var(--position);top:150pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:529.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:168pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:168pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);width:168pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.61pt;position:var(--position);text-decoration:none;white-space:pre">Financial statement line item</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);width:92.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.81pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:26.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:26.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:26.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">105,986<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:26.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">108,484<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease right-of-use assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:40.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-442"><span style="-sec-ix-hidden:f-443">Other noncurrent assets</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:40.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">1,748<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:40.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">1,843<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease liabilities, </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:69pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-446"><span style="-sec-ix-hidden:f-447">Other current liabilities</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:69pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">12,873<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:69pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">12,343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:27pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:6.42pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease liabilities, net </span></div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  of current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:95.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:168pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-450"><span style="-sec-ix-hidden:f-451">Other noncurrent liabilities</span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:95.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">86,181<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:95.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:16.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:60.67pt;position:var(--position)">89,011<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:122.25pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-454"><span style="-sec-ix-hidden:f-455">Other current liabilities</span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:122.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:78.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:122.25pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:70.54pt"></span></span><span style="left:78.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:136.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:5.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease liabilities, net of </span></div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:136.5pt;width:168pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:168pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-458"><span style="-sec-ix-hidden:f-459">Other noncurrent liabilities</span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:136.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">860<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:136.5pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:65.54pt"></span></span><span style="left:73.17pt;position:var(--position)">844<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 105986000 108484000 1748000 1843000 12873000 12343000 86181000 89011000 0 0 860000 844000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease expense were as follows (in thousands):</span><div style="position:var(--position);top:353.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:531pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:174.75pt"></td><td style="padding:0;width:9pt"></td><td style="padding:0;width:215.25pt"></td><td style="padding:0;width:9pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.54pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:20.25pt;width:215.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:58.23pt;position:var(--position);text-decoration:none;white-space:pre">Financial statement line item</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:40.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of colocation services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:40.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">3,786<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:40.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">3,407<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:54.75pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:54.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">102<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:54.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">85<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:69pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset hosted mining services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:69pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">12<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:69pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.29pt"></span></span><span style="left:50.92pt;position:var(--position)">5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:83.25pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">163<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">1,207<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short-term lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:97.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:97.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">142<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:97.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">286<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Variable lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:111.75pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of colocation services</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:111.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">385<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:111.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">269<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance lease expense:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Amortization of right-of-use assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:140.25pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">226<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest on lease liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:154.5pt;width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:215.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense, net</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">16<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:154.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">49<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total finance lease expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">111<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">275<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183pt;width:174.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:174.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:183pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,701<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:183pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">5,534<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Information relating to the lease term and discount rate is as follows:</span><div style="position:var(--position);top:586pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:528.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:359.25pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average Remaining Lease Term (Years)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">7.3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">8.3</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">4.7</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.12pt;position:var(--position);text-decoration:none;white-space:pre">0.5</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average Discount Rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">8.5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">8.5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:359.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:359.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:359.25pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.34pt;position:var(--position)"></span><span style="left:58.34pt;position:var(--position)">7.4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:53.34pt;position:var(--position)"></span><span style="left:53.34pt;position:var(--position)">12.6<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:74.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div> 3786000 3407000 102000 85000 12000 5000 163000 1207000 142000 286000 385000 269000 95000 226000 16000 49000 111000 275000 4701000 5534000 P7Y3M18D P8Y3M18D P4Y8M12D P0Y6M 0.085 0.085 0.074 0.126 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Information relating to lease payments is as follows (in thousands):</span><div style="position:var(--position);top:102pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:530.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:366.75pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:163.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:17.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:17.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:8.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease Payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating cash flows from operating leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">5,058<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">3,052<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating cash flows from finance leases</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:71.17pt;position:var(--position)">5<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">40<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Financing cash flows from finance leases</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,095<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:61.17pt;position:var(--position)">509<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental Noncash Information</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating lease right-of-use assets obtained in exchange for lease obligations</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:134.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:134.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in operating right-of-use assets due to lease modification</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:148.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:148.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.21pt"></span></span><span style="left:57.84pt;position:var(--position)">(593)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:366.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:366.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in operating right-of-use assets due to termination</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:366.75pt;position:var(--position);top:162.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:42.71pt"></span></span><span style="left:50.34pt;position:var(--position)">(1,318)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:162.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 5058000 3052000 5000 40000 1095000 509000 1988000 0 0 -593000 -1318000 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s minimum payments under noncancelable operating and finance leases having terms in excess of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.0799999999999pt;position:var(--position);text-decoration:none;white-space:pre">one year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.2pt;position:var(--position);text-decoration:none;white-space:pre"> are as </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:311.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.18pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.76pt;position:var(--position);text-decoration:none;white-space:pre">, and thereafter </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.44pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:329.6pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:376.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.26pt;position:var(--position);white-space:pre">Operating Leases</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);white-space:pre">Finance Leases</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">15,418<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,926<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">257<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,938<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,079<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">403<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">132,815<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: imputed interest</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,761<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">240<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">99,054<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:61.17pt;position:var(--position)">860<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s minimum payments under noncancelable operating and finance leases having terms in excess of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.0799999999999pt;position:var(--position);text-decoration:none;white-space:pre">one year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.2pt;position:var(--position);text-decoration:none;white-space:pre"> are as </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:311.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">follows at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.18pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.76pt;position:var(--position);text-decoration:none;white-space:pre">, and thereafter </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.44pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:329.6pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:376.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.26pt;position:var(--position);white-space:pre">Operating Leases</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.26pt;position:var(--position);white-space:pre">Finance Leases</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">15,418<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:14.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,926<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,215<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:42.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">257<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">20,938<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:57pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">440<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">21,079<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:71.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">403<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,239<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:85.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">132,815<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:99.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.04pt"></span></span><span style="left:53.67pt;position:var(--position)">1,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: imputed interest</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">33,761<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:114pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:61.17pt;position:var(--position)">240<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">99,054<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:128.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:61.17pt;position:var(--position)">860<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 15418000 0 20926000 0 21215000 257000 20938000 440000 21079000 403000 33239000 0 132815000 1100000 33761000 240000 99054000 860000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease revenue were as follows (in thousands):</span><div style="position:var(--position);top:585.1pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:376.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:163.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:23.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:23.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:37.5pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Lease Revenue</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Operating lease revenue</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:51.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">59,196<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:51.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">5,995<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Variable lease revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:66pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:48.67pt;position:var(--position)">10,219<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:66pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.04pt"></span></span><span style="left:53.67pt;position:var(--position)">2,578<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:376.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:376.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total lease revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:80.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:48.67pt;position:var(--position)">69,415<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:80.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.04pt"></span></span><span style="left:53.67pt;position:var(--position)">8,573<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 59196000 5995000 10219000 2578000 69415000 8573000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table represents the maturity analysis of operating lease payments expected to be received at </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.52pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.1pt;position:var(--position);text-decoration:none;white-space:pre">, </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and thereafter </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.68pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands):</span></div><div style="position:var(--position);top:108pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:459.75pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:80.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.96pt;position:var(--position);white-space:pre">Operating Leases</span><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:68.69pt;position:var(--position);top:-1.894pt;vertical-align:super;white-space:pre">1</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:20.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">111,933<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:34.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">153,848<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:48.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">231,487<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:63pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">302,930<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">313,402<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:91.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:36.17pt;position:var(--position)">2,277,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:459.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:459.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459.75pt;position:var(--position);top:105.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:80.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.54pt"></span></span><span style="left:36.17pt;position:var(--position)">3,391,088<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:236pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-0.889pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre"> O</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.37pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre">perating lease payments expected to be received exclude </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:229.34pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre">$5.8 billion</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:266.22pt;position:var(--position);text-decoration:none;top:1.05pt;white-space:pre"> in total future noncancellable operating lease payments expected to be received for operating </span></div><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">leases that have not yet commenced as of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:170.13pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:221pt;position:var(--position);text-decoration:none;white-space:pre">, which have initial lease terms of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:330.69pt;position:var(--position);text-decoration:none;white-space:pre">12 years</span> from commencement. 111933000 153848000 231487000 302930000 313402000 2277488000 3391088000 5800000000 P12Y <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">6.        DEBT</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:93.2pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:297.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Debt as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.57pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.15pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.65pt;position:var(--position);text-decoration:none;white-space:pre">and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.12pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following (in thousands):</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:315.2pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:188.25pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:5.25pt"></td><td style="padding:0;width:66.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.93pt;position:var(--position);white-space:pre">Stated Interest </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.13pt;position:var(--position);white-space:pre">Rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.72pt;position:var(--position);white-space:pre">Effective Interest </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.58pt;position:var(--position);white-space:pre">Rates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.02pt;position:var(--position);text-decoration:none;white-space:pre">Maturities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Term Loan Facility</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:86.28999999999999pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:20.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.65pt;position:var(--position);text-decoration:none;white-space:pre">6.2%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:20.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.65pt;position:var(--position);text-decoration:none;white-space:pre">6.9%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:20.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,000,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:20.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.04pt"></span></span><span style="left:52.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">2029 Convertible Notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:34.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.65pt;position:var(--position);text-decoration:none;white-space:pre">3.0%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.65pt;position:var(--position);text-decoration:none;white-space:pre">3.7%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:34.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:34.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:34.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">2031 Convertible Notes</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:48.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.9pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:48.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.65pt;position:var(--position);text-decoration:none;white-space:pre">0.4%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2031</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:48.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:48.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Notes payable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:63pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">2,085,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:63pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,085,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:256.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:256.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Less: Unamortized discounts</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:77.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:35.17pt;position:var(--position)">29,405<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:77.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:35.17pt;position:var(--position)">24,675<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total notes payable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:91.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">2,055,595<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:91.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,060,325<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:105.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">993,944<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:105.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.04pt"></span></span><span style="left:52.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Convertible and other notes payable, net of </span></div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:120pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,061,651<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:120pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,060,325<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:469.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1  </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.2pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate is variable and resets monthly based on SOFR plus an applicable margin of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:323.88pt;position:var(--position);text-decoration:none;white-space:pre">2.50%</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:344.54pt;position:var(--position);text-decoration:none;white-space:pre"> per annum. As of March 31, 2026, the stated rate was </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:519.76pt;position:var(--position);text-decoration:none;white-space:pre">6.2%</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:536.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre"> and the </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:479.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:40.5pt;position:var(--position);text-decoration:none;white-space:pre">effective interest rate was </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:124.4pt;position:var(--position);text-decoration:none;white-space:pre">6.9%</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:141.06pt;position:var(--position);text-decoration:none;white-space:pre">, which includes the amortization of debt issuance costs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:500.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense on the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre">Company’s </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.91pt;position:var(--position);text-decoration:none;white-space:pre">debt</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.11pt;position:var(--position);text-decoration:none;white-space:pre"> was as follows (in thousands):</span></div><div style="position:var(--position);top:512.65pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:530.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:393.75pt"></td><td style="padding:0;width:66.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);width:136.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.29pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:12pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Coupon interest</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:24pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">6,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:24pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">3,450<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortization of debt discount and issuance costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:38.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">1,675<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:38.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">1,297<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Interest incurred</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:52.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">8,485<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:52.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">4,747<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: Capitalized interest</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:66.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.71pt"></span></span><span style="left:44.34pt;position:var(--position)">(325)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:66.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.04pt"></span></span><span style="left:52.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:81pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">8,160<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:81pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">4,747<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:67.5pt;position:var(--position);text-decoration:none;white-space:pre">Maturities on debt, gross of unamortized discounts, as of March 31, 2026, are as follows (in thousands):</span></div><div style="position:var(--position);top:84pt;width:612pt"><div style="font-size:0pt;left:40.5pt;position:var(--position);width:528.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:371.25pt"></td><td style="padding:0;width:77.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);width:77.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.88pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);width:77.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:77.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.32pt;position:var(--position);white-space:pre">Term Loan Facility</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:20.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:20.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:34.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:34.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,000,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:48.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:48.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:63pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:63pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:77.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:77.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:91.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:91.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:105.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,085,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:105.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,000,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:227pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:245pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On August 19, 2024, the Company issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.64pt;position:var(--position);text-decoration:none;white-space:pre">$460.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:291.49pt;position:var(--position);text-decoration:none;white-space:pre"> in aggregate principal amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.88pt;position:var(--position);text-decoration:none;white-space:pre">3.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.71pt;position:var(--position);text-decoration:none;white-space:pre"> Convertible Senior Notes due </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:257pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2029 (t</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.6pt;position:var(--position);text-decoration:none;white-space:pre">he “2029 Convertible Notes”). The 2029 Convertible Notes mature on September 1, 2029, unless earlier converted, redeemed </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:269pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">or repurchased. The 2029 Convertible Notes are convertible at the option of the holders </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.11pt;position:var(--position);text-decoration:none;white-space:pre">only upon the occurrence of certain events, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:281pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">including if</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.34pt;position:var(--position);text-decoration:none;white-space:pre"> the Company's common stock price exceeds </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.22pt;position:var(--position);text-decoration:none;white-space:pre">130%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.55pt;position:var(--position);text-decoration:none;white-space:pre"> of the conversion price (approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.92pt;position:var(--position);text-decoration:none;white-space:pre">$14.30</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.42pt;position:var(--position);text-decoration:none;white-space:pre"> per share, based on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:293pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">initial conversion price of approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.62pt;position:var(--position);text-decoration:none;white-space:pre">$11.00</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.12pt;position:var(--position);text-decoration:none;white-space:pre"> per share) for at least </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.44pt;position:var(--position);text-decoration:none;white-space:pre">20</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.44pt;position:var(--position);text-decoration:none;white-space:pre"> trading days (whether or not consecutive) during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:542.95pt;position:var(--position);text-decoration:none;white-space:pre">30</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:552.95pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:305pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consecutive trading day period ending on, and including, the last trading day of the immediately preceding calendar quarter. The stock </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:317pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">price conversion condition for the 2029 Convertible Notes was first satisfied during the fourth quarter of 2025. As a result, the 2029 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:329pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes were convertible at the option of the holders during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.75pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.33pt;position:var(--position);text-decoration:none;white-space:pre">. No holders elected to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:341pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">convert during the period. This condition was also satisfied during the first quarter of 2026, and accordingly, the 2029 Convertible </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:353pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Notes remain convertible during the second quarter of 2026. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:377pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On December 5, 2024, the Company issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.8pt;position:var(--position);text-decoration:none;white-space:pre">$625.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:298.65pt;position:var(--position);text-decoration:none;white-space:pre"> aggregate principal amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.77pt;position:var(--position);text-decoration:none;white-space:pre">0.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.6pt;position:var(--position);text-decoration:none;white-space:pre"> Convertible Senior Notes due </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:389pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2031 (the "2031 Convertible Notes"). The 2031 Convertible Notes mature on June 15, 2031, unless earlier converted, redeemed, or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:401pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">repurchased. The 2031 Convertible Notes are convertible at the option of the holders only upon the occurrence of certain events, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:413pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">including if the Company’s common stock price exceeds </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:265.75pt;position:var(--position);text-decoration:none;white-space:pre">130%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> of the conversion price (approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.45pt;position:var(--position);text-decoration:none;white-space:pre">$29.24</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.95pt;position:var(--position);text-decoration:none;white-space:pre"> per share, based on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">initial conversion price of approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.62pt;position:var(--position);text-decoration:none;white-space:pre">$22.49</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.12pt;position:var(--position);text-decoration:none;white-space:pre"> per share) for at least </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.44pt;position:var(--position);text-decoration:none;white-space:pre">20</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.44pt;position:var(--position);text-decoration:none;white-space:pre"> trading days (whether or not consecutive) during the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:542.95pt;position:var(--position);text-decoration:none;white-space:pre">30</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:552.95pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:437pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consecutive trading day period ending on, and including, the last trading day of the immediately preceding calendar quarter. The stock </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:449pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">price conversion condition for the 2031 Convertible Notes was not satisfied during any measurement period through March 31, 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:473pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Term Loan Facility</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:491pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On March 4, 2026, the Company entered into a loan facility Credit Agreement (the “Credit Agreement”) with the lenders party </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:503pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">thereto from time to time and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent (“MSSF”). The Credit </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Agreement provides for a senior secured loan facility (the “Term Loan Facility”) in an aggregate principal amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.49pt;position:var(--position);text-decoration:none;white-space:pre">$500.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:565.34pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:527pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">with an accordion feature that allowed up to an additional </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.03pt;position:var(--position);text-decoration:none;white-space:pre">$500.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.88pt;position:var(--position);text-decoration:none;white-space:pre">. The Company borrowed the full </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.15pt;position:var(--position);text-decoration:none;white-space:pre">$500.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:523pt;position:var(--position);text-decoration:none;white-space:pre"> initially </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:539pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">available on March 5, 2026. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.61pt;position:var(--position);text-decoration:none;white-space:pre">On March 18, 2026, the Company entered into Amendment No. 1 to the Credit Agreement (the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:551pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">“Incremental Amendment”) with MSSF and JPMorgan Chase Bank, N.A. as Amendment No. 1 Term Lender, which amended the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Credit Agreement to increase the term loan </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:211.02pt;position:var(--position);text-decoration:none;white-space:pre">commitments by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.39pt;position:var(--position);text-decoration:none;white-space:pre">$500.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.24pt;position:var(--position);text-decoration:none;white-space:pre">, to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.51pt;position:var(--position);text-decoration:none;white-space:pre">$1.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.59pt;position:var(--position);text-decoration:none;white-space:pre">, pursuant to the accordion feature of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:575pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Credit Agreement. The Company borrowed the full </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.11pt;position:var(--position);text-decoration:none;white-space:pre">$500.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.96pt;position:var(--position);text-decoration:none;white-space:pre"> incremental commitment on March 18, 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:599pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Loans under the Term Loan Facility bear interest at Term Secured Overnight Financing Rate (“SOFR”) (subject to a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.74pt;position:var(--position);text-decoration:none;white-space:pre">0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:544.0699999999999pt;position:var(--position);text-decoration:none;white-space:pre"> floor) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:611pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">plus an applicable margin of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.25pt;position:var(--position);text-decoration:none;white-space:pre">2.50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.08pt;position:var(--position);text-decoration:none;white-space:pre"> per annum. The Term Loan Facility matures </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.35pt;position:var(--position);text-decoration:none;white-space:pre">364 days</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.17pt;position:var(--position);text-decoration:none;white-space:pre"> after the closing date. The Company’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:623pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">obligations are guaranteed by certain direct or indirect, wholly owned material domestic subsidiaries and secured by a first-priority </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:635pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">lien on substantially all assets of the Company and the guarantors. As of March 31, 2026, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.95pt;position:var(--position);text-decoration:none;white-space:pre">$1.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.03pt;position:var(--position);text-decoration:none;white-space:pre"> was outstanding under the Term </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:647pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Loan Facility. In connection with the Credit Agreement and the Incremental Amendment, the Company incurred approximately </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:659pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">$6.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.85pt;position:var(--position);text-decoration:none;white-space:pre"> of debt issuance cost</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.31pt;position:var(--position);text-decoration:none;white-space:pre">s, which are being amortized over the term of the Term Loan Facility.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:689pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Secured Notes Offering</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:707pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On April 22, 2026, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.31pt;position:var(--position);text-decoration:none;white-space:pre">the Company's indirect wholly-owned subsidiary, Core Scientific Finance I LLC (“Core Scientific </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:719pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Finance”), priced a private offering of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.52pt;position:var(--position);text-decoration:none;white-space:pre">$3.30 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.6pt;position:var(--position);text-decoration:none;white-space:pre"> aggregate principal amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.72pt;position:var(--position);text-decoration:none;white-space:pre">7.75%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.55pt;position:var(--position);text-decoration:none;white-space:pre"> senior secured notes due 2031 at an issue </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:731pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.28999999999999pt;position:var(--position);text-decoration:none;white-space:pre">99.25%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.12pt;position:var(--position);text-decoration:none;white-space:pre"> of the principal amount. Core Scientific Finance used the net proceeds from the offering to fund a debt service reserve </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:743pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">account, and the remaining proceeds to make a distribution to the Company, a portion of which the Company used to repay in full the </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">outstanding borrowings under the Term Loan Facility, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.79pt;position:var(--position);text-decoration:none;white-space:pre">including accrued interest thereon and fees and expenses in connection </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">therewith. The offering closed on May 6, 2026. Upon such repayment, the Company terminated the Term Loan Facility.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Debt as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.57pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.15pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.65pt;position:var(--position);text-decoration:none;white-space:pre">and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.12pt;position:var(--position);text-decoration:none;white-space:pre"> consisted of the following (in thousands):</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:315.2pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:188.25pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:5.25pt"></td><td style="padding:0;width:66.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);width:68.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.93pt;position:var(--position);white-space:pre">Stated Interest </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.13pt;position:var(--position);white-space:pre">Rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);width:74.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.72pt;position:var(--position);white-space:pre">Effective Interest </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:74.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.58pt;position:var(--position);white-space:pre">Rates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.02pt;position:var(--position);text-decoration:none;white-space:pre">Maturities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.83pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.62pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Term Loan Facility</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:86.28999999999999pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:20.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.65pt;position:var(--position);text-decoration:none;white-space:pre">6.2%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:20.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.65pt;position:var(--position);text-decoration:none;white-space:pre">6.9%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:20.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:20.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,000,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:20.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.04pt"></span></span><span style="left:52.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">2029 Convertible Notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:34.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.65pt;position:var(--position);text-decoration:none;white-space:pre">3.0%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:34.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.65pt;position:var(--position);text-decoration:none;white-space:pre">3.7%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:34.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:34.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:34.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">2031 Convertible Notes</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:188.25pt;position:var(--position);top:48.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.9pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:256.5pt;position:var(--position);top:48.75pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:74.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.65pt;position:var(--position);text-decoration:none;white-space:pre">0.4%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333.75pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2031</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:48.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:48.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Notes payable</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:63pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">2,085,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:63pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,085,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:256.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:256.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Less: Unamortized discounts</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:77.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:35.17pt;position:var(--position)">29,405<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:77.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:35.17pt;position:var(--position)">24,675<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total notes payable, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:91.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">2,055,595<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:91.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,060,325<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:105.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">993,944<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:105.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.04pt"></span></span><span style="left:52.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Convertible and other notes payable, net of </span></div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:188.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">current portion</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:120pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,061,651<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:120pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.04pt"></span></span><span style="left:22.669999999999998pt;position:var(--position)">1,060,325<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:469.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1  </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:41.2pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate is variable and resets monthly based on SOFR plus an applicable margin of </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:323.88pt;position:var(--position);text-decoration:none;white-space:pre">2.50%</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:344.54pt;position:var(--position);text-decoration:none;white-space:pre"> per annum. As of March 31, 2026, the stated rate was </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:519.76pt;position:var(--position);text-decoration:none;white-space:pre">6.2%</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:536.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre"> and the </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:479.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:40.5pt;position:var(--position);text-decoration:none;white-space:pre">effective interest rate was </span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:124.4pt;position:var(--position);text-decoration:none;white-space:pre">6.9%</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:141.06pt;position:var(--position);text-decoration:none;white-space:pre">, which includes the amortization of debt issuance costs.</span></div> 0.062 0.069 1000000000 0 0.030 0.037 460000000 460000000 0 0.004 625000000 625000000 2085000000 1085000000 29405000 24675000 2055595000 1060325000 993944000 0 1061651000 1060325000 0.0250 0.062 0.069 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense on the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre">Company’s </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.91pt;position:var(--position);text-decoration:none;white-space:pre">debt</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.11pt;position:var(--position);text-decoration:none;white-space:pre"> was as follows (in thousands):</span><div style="position:var(--position);top:512.65pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:530.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:393.75pt"></td><td style="padding:0;width:66.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);width:136.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.29pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:12pt;width:66.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Coupon interest</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:24pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">6,810<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:24pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">3,450<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortization of debt discount and issuance costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:38.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">1,675<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:38.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">1,297<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Interest incurred</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:52.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">8,485<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:52.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">4,747<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: Capitalized interest</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:66.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.71pt"></span></span><span style="left:44.34pt;position:var(--position)">(325)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:66.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.04pt"></span></span><span style="left:52.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:393.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:393.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Interest expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:81pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">8,160<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:463.5pt;position:var(--position);top:81pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:40.17pt;position:var(--position)">4,747<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 6810000 3450000 1675000 1297000 8485000 4747000 325000 0 8160000 4747000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:67.5pt;position:var(--position);text-decoration:none;white-space:pre">Maturities on debt, gross of unamortized discounts, as of March 31, 2026, are as follows (in thousands):</span><div style="position:var(--position);top:84pt;width:612pt"><div style="font-size:0pt;left:40.5pt;position:var(--position);width:528.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:371.25pt"></td><td style="padding:0;width:77.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);width:77.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.88pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);width:77.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:77.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.32pt;position:var(--position);white-space:pre">Term Loan Facility</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Remaining 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:20.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:20.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:34.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:34.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,000,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:48.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:48.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:63pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:63pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:77.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:77.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:91.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:91.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:371.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:371.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:105.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,085,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:105.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,000,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0 0 0 1000000000 0 460000000 0 625000000 1085000000 1000000000 460000000.0 0.0300 1.30 14.30 11.00 20 30 625000000.0 0.0000 1.30 29.24 22.49 20 30 500000000.0 500000000.0 500000000.0 500000000.0 1000000000.0 500000000.0 0 0.0250 P364D 1000000000.0 6400000 3300000000 0.0775 0.9925 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">7.        WARRANT LIABILITIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:77.72pt;position:var(--position);text-decoration:none;white-space:pre">January 23, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.3pt;position:var(--position);text-decoration:none;white-space:pre">, the Company entered into a warrant agreement (the “Warrant Agreement”) providing for the issuance of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:144pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">98,313,313</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre"> warrants, each exercisable for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.26pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.69pt;position:var(--position);text-decoration:none;white-space:pre"> share of common stock at an exercise price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.79pt;position:var(--position);text-decoration:none;white-space:pre">$6.81</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:430.29pt;position:var(--position);text-decoration:none;white-space:pre"> per share (the “Tranche 1 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:156pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Warrants”), and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.3pt;position:var(--position);text-decoration:none;white-space:pre">81,927,898</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.3pt;position:var(--position);text-decoration:none;white-space:pre"> warrants, each exercisable for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.56pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.99pt;position:var(--position);text-decoration:none;white-space:pre"> share of common stock at an exercise price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.09pt;position:var(--position);text-decoration:none;white-space:pre">$0.01</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.59pt;position:var(--position);text-decoration:none;white-space:pre"> per share (the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">“Tranche 2 Warrants” and, together with the Tranche 1 Warrants, the “Warrants”). The Tranche 1 Warrants expire on January 23, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2027, and the Tranche 2 Warrants expire on January 23, 2029.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">During the three months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.85pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.85pt;position:var(--position);text-decoration:none;white-space:pre">nominal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.59000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> Tranche 1 Warrants were exercised, which resulted in cash receipts of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.85pt;position:var(--position);text-decoration:none;white-space:pre">. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.29pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.87pt;position:var(--position);text-decoration:none;white-space:pre">, there were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.24pt;position:var(--position);text-decoration:none;white-space:pre">96.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> unexercised Tranche 1 Warrants.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">During the three months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.85pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.85pt;position:var(--position);text-decoration:none;white-space:pre">0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.7pt;position:var(--position);text-decoration:none;white-space:pre"> Tranche 2 Warrants were exercised, which resulted in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.96pt;position:var(--position);text-decoration:none;white-space:pre">immaterial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:565.2pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">cash receipts. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.74pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.32pt;position:var(--position);text-decoration:none;white-space:pre">, there were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.69pt;position:var(--position);text-decoration:none;white-space:pre">7.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> unexercised Tranche 2 Warrants.</span></div> 98313313 1 6.81 81927898 1 0.01 100000 96700000 400000 0 7800000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">8.        FAIR VALUE MEASUREMENTS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:300pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Recurring Fair Value Measurements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:318pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.85pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.28pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.28pt;position:var(--position);text-decoration:none;white-space:pre">, a decrease of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.91pt;position:var(--position);text-decoration:none;white-space:pre">$1.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.76pt;position:var(--position);text-decoration:none;white-space:pre"> and an increase of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.16pt;position:var(--position);text-decoration:none;white-space:pre">$12.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.01pt;position:var(--position);text-decoration:none;white-space:pre">, in fair </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:330pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">value of CVRs, respectively, was included in Change in fair value of warrants and contingent value rights in the Company’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:342pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated statements of operations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.85pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.28pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.28pt;position:var(--position);text-decoration:none;white-space:pre">, an increase of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.25pt;position:var(--position);text-decoration:none;white-space:pre">$31.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.1pt;position:var(--position);text-decoration:none;white-space:pre"> and a decrease of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.16pt;position:var(--position);text-decoration:none;white-space:pre">$634.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:542.01pt;position:var(--position);text-decoration:none;white-space:pre">, in fair </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">value of Warrants, respectively, was included in Change in fair value of warrants and contingent value rights in the Company’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated statements of operations. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recurring basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.25pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.83pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="position:var(--position);top:444pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:270pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:270pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:93.54pt;position:var(--position);white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Fair value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,000,384<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,000,384<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total assets measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,037,696<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,037,696<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Contingent value rights</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:105.42pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">2,330<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">2,330<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrant liabilities, current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">844,752<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">844,752<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrant liabilities, net of current portion</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">116,495<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">116,495<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total liabilities measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">963,577<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">963,577<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:667.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;white-space:pre"> The fair value of contingent value rights is included within Other current liabilities and Other noncurrent liabilities on the Company’s condensed consolidated balance </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:676.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">sheets, based on the expected timing of settlement.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recurring basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.25pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.79pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="position:var(--position);top:102pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:270pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:270pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:93.54pt;position:var(--position);white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Fair value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">267,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">267,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total assets measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">489,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">489,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Contingent value rights</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:105.42pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">3,366<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">3,366<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrant liabilities, net of current portion</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">936,107<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">936,107<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total liabilities measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">939,473<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">939,473<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:309.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;white-space:pre"> The fair value of contingent value rights is included within Other current liabilities and Other noncurrent liabilities on the Company’s condensed consolidated balance </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:319.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">sheets, based on the expected timing of settlement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:358.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Financial Instruments Not Carried at Fair Value</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:382.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81.03pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes are recorded at amortized cost in the condensed consolidated balance sheets. The fair value is disclosed </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:394.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">for informational purposes only in accordance with ASC Topic 825-10,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:321.85pt;position:var(--position);text-decoration:none;white-space:pre"> Financial Instruments, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.88pt;position:var(--position);text-decoration:none;white-space:pre">and is determined using trading </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:406.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">activity in over-the-counter markets. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.41pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the carrying amounts and estimated fair values of the Convertible </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:418.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Notes as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.47pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.01pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:442.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div><div style="position:var(--position);top:454.7pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.78pt;position:var(--position);white-space:pre">Carrying Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.77pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:6.91pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2029</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">738,262<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:33.26pt;position:var(--position);white-space:pre">Level 1</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2031</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">686,413<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.2pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:518.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div><div style="position:var(--position);top:530.95pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.78pt;position:var(--position);white-space:pre">Carrying Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.77pt;position:var(--position);white-space:pre">Fair Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:6.91pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2029</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">718,609<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:33.26pt;position:var(--position);white-space:pre">Level 1</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2031</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">657,735<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.2pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:601.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Nonrecurring Fair Value Measurements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company measures certain non-financial assets at fair value on a nonrecurring basis when events or circumstances indicate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:631.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">that the carrying amount may not be recoverable. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.43pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.68pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.18pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.76pt;position:var(--position);text-decoration:none;white-space:pre">, the Company measured the fair </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:643.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">value of its mining-related long-lived asset groups in connection with the impairment charges described in Note </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:485.47pt;position:var(--position);text-decoration:none;white-space:pre">3 — Property, Plant, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:655.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and Equipment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.77000000000001pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the fair value of assets measured on a nonrecurring basis during the three months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.21pt;position:var(--position);text-decoration:none;white-space:pre">March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:56pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="position:var(--position);top:107.5pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Fair value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Mining equipment</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,564<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,564<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Mining infrastructure</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">42,772<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">42,772<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of mining equipment was determined using a market approach based on observable pricing from published </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:183.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">secondary market indices for digital asset mining hardware, classified as Level 2 within the fair value hierarchy.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:207.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of mining infrastructure was determined using an income approach based on a discounted cash flow analysis of a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:219.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">hypothetical colocation hosting arrangement, classified as Level 3 within the fair value hierarchy. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.52pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:231.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">significant unobservable inputs used in the Level 3 measurement:</span></div><div style="position:var(--position);top:255.25pt;width:612pt"><div style="font-size:0pt;left:126.75pt;position:var(--position);width:358.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:177.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:177.75pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:177.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:28.66pt;position:var(--position);text-decoration:none;white-space:pre">Significant Unobservable Input</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);width:177.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:177.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:77.63pt;position:var(--position);white-space:pre">Value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.04pt;position:var(--position);text-decoration:none;white-space:pre">Discount rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:15.75pt;width:177.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:66.38pt;position:var(--position);text-decoration:none;white-space:pre">15%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.71pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">18%</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:49.58pt;position:var(--position);text-decoration:none;white-space:pre">Hosting rate ($/kW)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:31.5pt;width:177.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.21pt;position:var(--position);text-decoration:none;white-space:pre">$2.25</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.71000000000001pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$2.50</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.27pt;position:var(--position);text-decoration:none;white-space:pre">Projection period</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:47.25pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.02pt;position:var(--position);text-decoration:none;white-space:pre">10 years</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:335.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s financial instruments, which are not subject to recurring fair value measurements, include cash and cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:347.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equivalents (other than money market funds), restricted cash, accounts receivable, accounts payable, leases, debt and certain accrued </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:359.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">expenses and other liabilities. Except for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.76pt;position:var(--position);text-decoration:none;white-space:pre">2029</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.76pt;position:var(--position);text-decoration:none;white-space:pre"> Convertible Notes and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.66pt;position:var(--position);text-decoration:none;white-space:pre">2031 Convertible Notes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.13pt;position:var(--position);text-decoration:none;white-space:pre">, the carrying amounts of these </span></div>financial instruments materially approximate their fair values. -1000000.0 12800000 31800000 -634300000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recurring basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.25pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.83pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="position:var(--position);top:444pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:270pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:270pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:93.54pt;position:var(--position);white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Fair value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,000,384<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,000,384<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">37,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total assets measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,037,696<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,037,696<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Contingent value rights</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:105.42pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">2,330<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">2,330<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrant liabilities, current portion</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">844,752<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">844,752<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrant liabilities, net of current portion</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">116,495<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">116,495<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total liabilities measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">963,577<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">963,577<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:667.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;white-space:pre"> The fair value of contingent value rights is included within Other current liabilities and Other noncurrent liabilities on the Company’s condensed consolidated balance </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:676.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">sheets, based on the expected timing of settlement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following presents the levels of the fair value hierarchy for the Company's assets and liabilities measured at fair value on a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">recurring basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.25pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.79pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="position:var(--position);top:102pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:270pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:270pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:93.54pt;position:var(--position);white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Fair value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">267,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:63pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">267,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:78.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">222,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total assets measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">489,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:94.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">489,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Contingent value rights</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:105.42pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">3,366<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:141.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">3,366<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrant liabilities, net of current portion</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">936,107<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">936,107<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total liabilities measured at fair value on a recurring basis</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">939,473<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:173.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:12.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">939,473<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:309.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-1.939pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:38.6pt;position:var(--position);text-decoration:none;white-space:pre"> The fair value of contingent value rights is included within Other current liabilities and Other noncurrent liabilities on the Company’s condensed consolidated balance </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:319.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">sheets, based on the expected timing of settlement.</span></div> 1000384000 0 0 1000384000 37312000 0 0 37312000 1037696000 0 0 1037696000 2330000 0 0 2330000 844752000 844752000 116495000 0 0 116495000 963577000 0 0 963577000 267721000 0 0 267721000 222000000 0 0 222000000 489721000 0 0 489721000 3366000 0 0 3366000 936107000 0 0 936107000 939473000 0 0 939473000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.41pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the carrying amounts and estimated fair values of the Convertible </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:418.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Notes as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.47pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.01pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:442.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div><div style="position:var(--position);top:454.7pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.78pt;position:var(--position);white-space:pre">Carrying Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.77pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:6.91pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2029</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">738,262<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:33.26pt;position:var(--position);white-space:pre">Level 1</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2031</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">686,413<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.2pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:518.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div><div style="position:var(--position);top:530.95pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:243pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:96.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.78pt;position:var(--position);white-space:pre">Carrying Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.77pt;position:var(--position);white-space:pre">Fair Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);width:96.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:6.91pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Hierarchy</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2029</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">460,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">718,609<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:15.75pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:33.26pt;position:var(--position);white-space:pre">Level 1</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:243pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:243pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.00%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.459999999999997pt;position:var(--position);white-space:pre"> Convertible Senior Notes due 2031</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:246pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">625,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:52.54pt"></span></span><span style="left:60.17pt;position:var(--position)">657,735<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:31.5pt;width:96.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:96.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.2pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td></tr></tbody></table></div></div></div> 0.0300 460000000 738262000 0.0000 625000000 686413000 0.0300 460000000 718609000 0.0000 625000000 657735000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Nonrecurring Fair Value Measurements</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:619.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company measures certain non-financial assets at fair value on a nonrecurring basis when events or circumstances indicate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:631.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">that the carrying amount may not be recoverable. During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.43pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.68pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.18pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.76pt;position:var(--position);text-decoration:none;white-space:pre">, the Company measured the fair </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:643.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">value of its mining-related long-lived asset groups in connection with the impairment charges described in Note </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:485.47pt;position:var(--position);text-decoration:none;white-space:pre">3 — Property, Plant, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:655.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and Equipment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.77000000000001pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s financial instruments, which are not subject to recurring fair value measurements, include cash and cash </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:347.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equivalents (other than money market funds), restricted cash, accounts receivable, accounts payable, leases, debt and certain accrued </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:359.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">expenses and other liabilities. Except for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.76pt;position:var(--position);text-decoration:none;white-space:pre">2029</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.76pt;position:var(--position);text-decoration:none;white-space:pre"> Convertible Notes and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.66pt;position:var(--position);text-decoration:none;white-space:pre">2031 Convertible Notes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.13pt;position:var(--position);text-decoration:none;white-space:pre">, the carrying amounts of these </span></div>financial instruments materially approximate their fair values. <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the fair value of assets measured on a nonrecurring basis during the three months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.21pt;position:var(--position);text-decoration:none;white-space:pre">March 31, </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:56pt;position:var(--position);text-decoration:none;white-space:pre"> (in thousands):</span></div><div style="position:var(--position);top:107.5pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Fair value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Mining equipment</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,564<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,564<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:264.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Mining infrastructure</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:333pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">42,772<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:469.5pt;position:var(--position);top:31.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">42,772<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0 30564000 0 30564000 0 0 42772000 42772000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.52pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:231.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">significant unobservable inputs used in the Level 3 measurement:</span></div><div style="position:var(--position);top:255.25pt;width:612pt"><div style="font-size:0pt;left:126.75pt;position:var(--position);width:358.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:177.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:177.75pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:177.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:28.66pt;position:var(--position);text-decoration:none;white-space:pre">Significant Unobservable Input</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);width:177.75pt"><div><div style="line-height:9pt;position:var(--position);top:6.22pt;width:177.75pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:77.63pt;position:var(--position);white-space:pre">Value</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.04pt;position:var(--position);text-decoration:none;white-space:pre">Discount rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:15.75pt;width:177.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:66.38pt;position:var(--position);text-decoration:none;white-space:pre">15%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.71pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">18%</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:49.58pt;position:var(--position);text-decoration:none;white-space:pre">Hosting rate ($/kW)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:31.5pt;width:177.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:62.21pt;position:var(--position);text-decoration:none;white-space:pre">$2.25</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.71000000000001pt;position:var(--position);white-space:pre"> - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$2.50</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.27pt;position:var(--position);text-decoration:none;white-space:pre">Projection period</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:180.75pt;position:var(--position);top:47.25pt;width:177.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:177.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.02pt;position:var(--position);text-decoration:none;white-space:pre">10 years</span></div></div></div></td></tr></tbody></table></div></div></div> 0.15 0.18 2.25 2.50 10 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">9.        COMMITMENTS AND CONTINGENCIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:419.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Commitments</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:437.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.44pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, the Company had approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.21000000000004pt;position:var(--position);text-decoration:none;white-space:pre">$1.47 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.29pt;position:var(--position);text-decoration:none;white-space:pre"> of expected future cash expenditures under its outstanding </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:449.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">purchase and construction commitments, primarily related to infrastructure development costs, power utility deposits, equipment </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:461.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">procurement, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.42pt;position:var(--position);text-decoration:none;white-space:pre">labor. These commitments relate to the remaining build out at existing customer conversion sites,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.66pt;position:var(--position);text-decoration:none;white-space:pre"> and new </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:473.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">greenfield development undertaken for prospective customers. Of this amount, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.15pt;position:var(--position);text-decoration:none;white-space:pre">$434.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412pt;position:var(--position);text-decoration:none;white-space:pre"> will be passed through to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:485.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company’s customer as invoiced. Substantially all of these expenditures are expected to occur within the next </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.52pt;position:var(--position);text-decoration:none;white-space:pre">12</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.52pt;position:var(--position);text-decoration:none;white-space:pre"> months. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:509.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company routinely engages with construction vendors for the construction of its facilities. These engagements are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:521.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">governed by contracts containing standard terms and conditions, including certain milestones that obligate the Company to pay as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:533.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">work is completed. In the event of termination of any of these contracts by the Company, the Company would be liable for all work </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:545.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">that has been completed or is in process, plus any applicable fees. The Company generally has the right to cancel open purchase orders </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:557.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">prior to delivery or terminate the contracts without cause.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Legal </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:62.36pt;position:var(--position);text-decoration:none;white-space:pre">Proceedings</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:605.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company is subject to legal proceedings arising in the ordinary course of business. The Company accrues losses for a legal </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:617.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">proceeding when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. However, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:629.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">uncertainties inherent in legal proceedings make it difficult to reasonably estimate the costs and effects of resolving these matters. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:641.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Accordingly, actual costs incurred may differ materially from amounts accrued and could materially adversely affect the Company’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:653.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">business, cash flows, results of operations, financial condition and prospects. Unless otherwise indicated, the Company is unable to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:665.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">estimate reasonably possible losses in excess of any amounts accrued.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:695.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Purported Shareholder Class Action (“Pang”)</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:713.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On November 14, 2022, Plaintiff Mei Pang filed a purported class-action complaint against Core Scientific, Inc., its former </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:725.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">chief executive officer, Michael Levitt, and others in the United States District Court, Western District (Austin) of Texas asserting that </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:737.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the Company violated the Securities Act and Exchange Act by allegedly failing to disclose to investors that among other things the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company was vulnerable to litigation given its decision to pass power costs to its customers, that certain clients had breached their </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">contracts, and that this impacted the Company’s profitability and ability to continue as a going concern. The complaint seeks monetary </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">damages. Core filed a notice of suggestion of bankruptcy stating that its petition for bankruptcy—filed on December 21, 2022—</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">operates as a stay to the continuation of this matter. Plaintiff subsequently withdrew its claims against Core. A lead plaintiff was </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:120pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">appointed in April 2023 and proofs of claim were filed in the Company’s Chapter 11 Cases. After the Company filed its motion to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">dismiss and a subsequent motion for consideration with respect to remaining claims not dismissed, all remaining claims in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:144pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">complaint against the individual defendants were subsequently dismissed without prejudice in April 2024.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On December 7, 2023, the United States Bankruptcy Court for the Southern District of Texas in Houston, sustained the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company’s objection to the filed class proof of claim without prejudice to re-file a proof of claim on an individual basis by December </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">20, 2023; and denied plaintiff’s Motion for Class Treatment under Fed. R. Bankr. P. 7023. No individual proof of claim was filed by </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">any of the class representatives of the purported class action by December 20, 2023, and a separately filed objection to confirmation of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Debtors’ Fourth Amended Chapter 11 Plan and Disclosure Statement was overruled by the Bankruptcy Court on January 16, 2024. On </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">January 29, 2024, plaintiff filed a notice of appeal of the order confirming the Company’s Plan of Reorganization.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On June 7, 2024, Plaintiff refiled its complaint asserting that the individual defendants violated the Securities Exchange Act by </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">allegedly failing to disclose to investors that among other things the Company failed to disclose known trends or uncertainties that </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">would have an impact on the Company’s financial performance. The Company’s motion to dismiss the refiled complaint is pending </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">with the United States District Court in Austin, Texas. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On March 7, 2025, the United States District Court for the Western District (Austin) of Texas referred Plaintiff's complaint to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the United States Bankruptcy Court for the Southern District of Texas in Houston for determination of the issues raised by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:336pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company's motion to dismiss, dismissed without prejudice Company's motion to dismiss as moot and administratively closed the case. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:348pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">On March 19, 2025, the United States Bankruptcy Court Southern District of Texas Houston Division dismissed Plaintiff's appeal of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the order confirming the Company's Plan of Reorganization as it related to the Plaintiffs as moot in light of the administrative closure </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of the securities case brought by the Plaintiffs in the United States District Court Western District of Texas. On April 2, 2025, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Plaintiff's filed a Motion for Reconsideration of the orders entered in each of the United States District Court for the Southern District </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:396pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of Texas Houston Division and the United States District Court for the Western District of Texas (Austin) each of which was denied </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:408pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and as to which Plaintiff has appealed. </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:435pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Shareholder Class Action (“Ihle”)</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:453pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On July 24, 2023, Plaintiff Brad Ihle filed a class action complaint against certain officers and directors of Power &amp; Digital </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:465pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Infrastructure Acquisition Corp. (the former name of the current corporate entity operating our business, or “XPDI”) and XMS </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:477pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Sponsor LLC et al, in the Court of Chancery State of Delaware. The complaint alleges breach of fiduciary duties arising out of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:489pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">merger of XPDI and the entity that conducted our business operations prior to the merger and the marketing and solicitation of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:501pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">shareholders pursuant to that merger agreement dated July 20, 2021. Certain of the defendants have notified the Company of their </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">intention to seek defense and indemnification in this matter pursuant to Delaware law and the Company’s bylaws. The matter was </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">settled during the quarter ended December 31, 2025, with the Company’s payment in satisfaction of its existing indemnification </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">obligation. This payment is reflected in the Loss on legal settlements in the Company’s condensed consolidated statements of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:549pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">operations. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Patent Infringement Claim</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:594pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Malikie Innovations Ltd and Key Patents Innovations Ltd. (“Malikie”), filed suit in the United States District Court Eastern </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">District of Texas Marshall Division against Core Scientific, Inc. (the “Company”) alleging infringement in the Company’s bitcoin </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:618pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">mining business of U.S. Patent Nos. 8,788,827; 10,284,370; 8,666,062; 7,372,960; and 8,532,286. On July 20, 2025 the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:630pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">filed a motion to dismiss the claims on the basis that the patents are invalid under 35 U.S.C §101 and on July 25, 2025 the Company </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:642pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">filed a motion to transfer the case to the United States District Court for the Western District of</span><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:12pt;font-style:normal;font-weight:normal;left:416.34pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.34pt;position:var(--position);text-decoration:none;white-space:pre">Texas (Austin). On November 14, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:656.4pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025 Malikie filed a motion to amend the complaint to add allegations of infringement of U.S. Patent No. 8,712,039 by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:668.4pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Company’s bitcoin mining business and its HPC business. Malikie also asserted infringement of the previously asserted 8,532,286 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:680.4pt;width:612pt"><span style="color:#1c221f;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">patent against the Company’s HPC business. All motions are pending. The court set a trial date of January 25, 2027. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:704.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Leases</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.3pt;position:var(--position);text-decoration:none;white-space:pre">—See Note </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.14pt;position:var(--position);text-decoration:none;white-space:pre">5 — Leases</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.31pt;position:var(--position);text-decoration:none;white-space:pre"> for additional information.</span></div> 1470000000 434000000.0 P12M <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">10.        INCOME TAXES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Current income tax expense represents the amount expected to be reported on the Company’s income tax returns, and deferred </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">tax expense or benefit represents the change in net deferred tax assets and liabilities. Deferred tax assets and liabilities are determined </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">based on the difference between the financial statement and tax basis of assets and liabilities as measured by the enacted tax rates that </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">will be in effect when these differences reverse. Valuation allowances are recorded as appropriate to reduce deferred tax assets to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amount considered likely to be realized. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The income tax expense and effective income tax rate for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.83pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.33pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.34pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.34pt;position:var(--position);text-decoration:none;white-space:pre"> were as follows:</span></div><div style="position:var(--position);top:186pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:533.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:399.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:28.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:11.68pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except percentages)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:399.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income tax expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.21pt"></span></span><span style="left:37.84pt;position:var(--position)">600<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.21pt"></span></span><span style="left:37.84pt;position:var(--position)">205<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:399.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Effective income tax rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:37.01pt;position:var(--position)"></span><span style="left:37.01pt;position:var(--position)">(0.2)</span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:42.84pt;position:var(--position)"></span><span style="left:42.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:274.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.09pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.34pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.84pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.42pt;position:var(--position);text-decoration:none;white-space:pre">, the Company recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.93pt;position:var(--position);text-decoration:none;white-space:pre">$0.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.78pt;position:var(--position);text-decoration:none;white-space:pre"> of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.11pt;position:var(--position);text-decoration:none;white-space:pre">income tax </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.71pt;position:var(--position);text-decoration:none;white-space:pre">expense</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.89pt;position:var(--position);text-decoration:none;white-space:pre"> which consisted of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:286.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">discrete state taxes. The Company's estimated annual effective income tax rate without consideration of discrete items is </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre">(0.2)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:298.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">compared to the U.S. federal statutory rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.11pt;position:var(--position);text-decoration:none;white-space:pre">21.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.94pt;position:var(--position);text-decoration:none;white-space:pre"> due to projected changes in the valuation allowance </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.6pt;position:var(--position);text-decoration:none;white-space:pre">(17.5)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.09pt;position:var(--position);text-decoration:none;white-space:pre">, state taxes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.9pt;position:var(--position);text-decoration:none;white-space:pre">0.7%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:558.73pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:310.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">non-deductible loss on warrant and contingent liabilities </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.23pt;position:var(--position);text-decoration:none;white-space:pre">(3.2)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.72pt;position:var(--position);text-decoration:none;white-space:pre"> and other items </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.31pt;position:var(--position);text-decoration:none;white-space:pre">(1.2)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.8pt;position:var(--position);text-decoration:none;white-space:pre">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.3pt;position:var(--position);text-decoration:none;white-space:pre"> The Company has a full valuation allowance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:322.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">on its net deferred tax asset as evidence indicates that it is not more likely than not expected to realize such asset.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.09pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.34pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.84pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.42pt;position:var(--position);text-decoration:none;white-space:pre">, the Company recorded </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.93pt;position:var(--position);text-decoration:none;white-space:pre">$0.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.78pt;position:var(--position);text-decoration:none;white-space:pre"> of income tax </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.71pt;position:var(--position);text-decoration:none;white-space:pre">expense</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.89pt;position:var(--position);text-decoration:none;white-space:pre"> which consisted of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:358.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">discrete state taxes. The Company's estimated annual effective income tax rate without consideration of discrete items is </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre">0.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.1600000000001pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:370.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">compared to the U.S. federal statutory rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.11pt;position:var(--position);text-decoration:none;white-space:pre">21.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.94pt;position:var(--position);text-decoration:none;white-space:pre"> due to projected changes in the valuation allowance </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.6pt;position:var(--position);text-decoration:none;white-space:pre">2.8%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.43pt;position:var(--position);text-decoration:none;white-space:pre">, state taxes </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.24pt;position:var(--position);text-decoration:none;white-space:pre">(0.1)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.73pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:382.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">non-deductible loss on warrant and contingent liabilities </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.23pt;position:var(--position);text-decoration:none;white-space:pre">(24.6)%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:295.72pt;position:var(--position);text-decoration:none;white-space:pre"> and other items </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:362.31pt;position:var(--position);text-decoration:none;white-space:pre">0.9%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.14pt;position:var(--position);text-decoration:none;white-space:pre">. The Company has a full valuation allowance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:394.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">on its net deferred tax asset as evidence indicates that it is not more likely than not expected to realize such asset.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The income tax expense and effective income tax rate for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre">three months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.83pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.33pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.34pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.34pt;position:var(--position);text-decoration:none;white-space:pre"> were as follows:</span><div style="position:var(--position);top:186pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:533.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:399.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:28.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.49pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:11.68pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except percentages)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:399.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income tax expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.21pt"></span></span><span style="left:37.84pt;position:var(--position)">600<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.21pt"></span></span><span style="left:37.84pt;position:var(--position)">205<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:399.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Effective income tax rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:37.01pt;position:var(--position)"></span><span style="left:37.01pt;position:var(--position)">(0.2)</span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:42.84pt;position:var(--position)"></span><span style="left:42.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div> 600000 205000 -0.002 0 600000 -0.002 -0.175 0.007 -0.032 -0.012 200000 0.000 0.028 -0.001 -0.246 0.009 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">11.        STOCK-BASED COMPENSATION</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:227.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:442.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Incentive Plan </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:460.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company adopted an equity-based management incentive plan on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.83pt;position:var(--position);text-decoration:none;white-space:pre">April 26, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.42pt;position:var(--position);text-decoration:none;white-space:pre"> (the “Incentive Plan”), which was </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:472.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">amended and restated on May 12, 2025 to increase the number of shares authorized for issuance from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.46pt;position:var(--position);text-decoration:none;white-space:pre">40,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.46pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:502.23pt;position:var(--position);text-decoration:none;white-space:pre">48,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:547.23pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:484.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Under the Incentive Plan, certain executives have been granted market condition restricted stock units (“MSUs”) which are subject to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:496.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the achievement of market-based share price goals and the executives’ continued service until the relevant vesting date. The number of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:508.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">shares which vest as of the end of each measurement period on each vesting date are conditioned on the highest </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.36pt;position:var(--position);text-decoration:none;white-space:pre">20</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.36pt;position:var(--position);text-decoration:none;white-space:pre">-day volume </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:520.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">weighted average price of the Company's share price achieved during the tranche’s measurement vesting period since grant. The MSU </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:532.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">vesting schedule is proportionate over a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.49pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.45pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.97pt;position:var(--position);text-decoration:none;white-space:pre"> service period where such proportions are identified as tranches with separate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:544.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">service conditions and measurement periods for the market conditions. If certain market-based share price goals are not met during </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:556.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">certain tranche measurement periods, the ability to satisfy such goals apply in subsequent measurement periods and permit vesting if </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:568.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">such market conditions are then met (and the service conditions are then satisfied). </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.91pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents additional information </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:580.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">relating to each MSU award:</span></div><div style="position:var(--position);top:616.25pt;width:612pt"><div style="font-size:0pt;left:117pt;position:var(--position);width:393pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:129pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:129pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:28.16pt;position:var(--position);white-space:pre">Share Price Goal</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.78pt;position:var(--position);white-space:pre">Incremental Units</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.59pt;position:var(--position);white-space:pre">Tranche Cumulative Units</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">December 31, 2026 Vesting: </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:99.79pt"></span></span><span style="left:107.42pt;position:var(--position)">3.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:31.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:31.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:99.79pt"></span></span><span style="left:107.42pt;position:var(--position)">5.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:47.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:47.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">284,099<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:99.79pt"></span></span><span style="left:107.42pt;position:var(--position)">8.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:63pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">426,148<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:94.79pt"></span></span><span style="left:102.42pt;position:var(--position)">10.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">568,197<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:94.79pt"></span></span><span style="left:102.42pt;position:var(--position)">12.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:94.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:94.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">710,247<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:94.79pt"></span></span><span style="left:102.42pt;position:var(--position)">14.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:110.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:110.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">852,296<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Performance Share Units</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">In April 2025, the Company granted PSUs to certain executive officers under the Incentive Plan. The PSUs are eligible to vest </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:102pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.269999999999996pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:66.23pt;position:var(--position);text-decoration:none;white-space:pre"> equal installments on April 15, 2026, March 15, 2027, and March 15, 2028, subject to satisfaction of the service condition and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the achievement of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.49pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.45pt;position:var(--position);text-decoration:none;white-space:pre"> separate market or performance conditions during the respective performance measurement period (for a total </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.83pt;position:var(--position);text-decoration:none;white-space:pre">nine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.03pt;position:var(--position);text-decoration:none;white-space:pre"> tranches). The performance measurement period is generally the calendar year preceding each vesting date. The number of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">shares earned at each vesting date range from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.19pt;position:var(--position);text-decoration:none;white-space:pre">0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.52pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.29pt;position:var(--position);text-decoration:none;white-space:pre">300%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.62pt;position:var(--position);text-decoration:none;white-space:pre"> of target based on measures of satisfaction of the market or performance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condition for each tranch</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:136.15pt;position:var(--position);text-decoration:none;white-space:pre">e. Market conditions include </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.96pt;position:var(--position);text-decoration:none;white-space:pre">RTSR </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.44pt;position:var(--position);text-decoration:none;white-space:pre">metric, which is a measure of the performance of the Company’s own </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">stock relative to the Russell 2000. Performance conditions include aggregate energized MW growth and colocation customer </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">acquisition targets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Stock-Based Compensation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted Stock Units </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.97pt;position:var(--position);text-decoration:none;white-space:pre">— RSUs granted in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.03pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.03pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.46000000000004pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.46000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> generally vest over a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:389.4pt;position:var(--position);text-decoration:none;white-space:pre">3</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:394.4pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.92pt;position:var(--position);text-decoration:none;white-space:pre"> service period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Market Condition Restricted Stock Units</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.42pt;position:var(--position);text-decoration:none;white-space:pre"> — See “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:274.77pt;position:var(--position);text-decoration:none;white-space:pre">Incentive Plan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.73pt;position:var(--position);text-decoration:none;white-space:pre">” above for the vesting conditions of the MSUs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">A summary of RSU, MSU and PSU activity for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.81pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.31pt;position:var(--position);text-decoration:none;white-space:pre">ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.67pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.25pt;position:var(--position);text-decoration:none;white-space:pre">, is as follows </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:472.71pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">except per share amounts)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.59pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:300pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:549.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:143.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:133.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.57pt;position:var(--position);white-space:pre">Restricted Stock Units</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.7pt;position:var(--position);text-decoration:none;white-space:pre">Market Condition Restricted Stock </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:57.65pt;position:var(--position);text-decoration:none;white-space:pre">Units</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:133.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.38pt;position:var(--position);white-space:pre">Performance Restricted Stock Units</span></div></div></div></td></tr><tr style="height:45pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.08pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:8pt;position:var(--position);top:20.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.41pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.87pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.08pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:8pt;position:var(--position);top:20.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.41pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.87pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.08pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:8pt;position:var(--position);top:20.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.41pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.87pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unvested - January 1, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">13,270<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">8.58<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">844<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">6.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,519<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">11.57<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">928<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">16.36<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:56.17pt;position:var(--position)">8<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">3.99<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Performance adjustment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,472)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">11.57<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,846)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">9.99<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,840)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">15.71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(77)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">7.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:145.5pt;width:143.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unvested - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.7pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">12,275<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">8.90<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">852<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">6.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">2,207<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">13.18<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:478.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.44pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, unrecognized compensation cost and the related weighted-average period over which the cost is </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:490.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">expected to be recognized for each award type were as follows (in thousands):</span></div><div style="position:var(--position);top:502.25pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:331.5pt"></td><td style="padding:0;width:102.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:102.75pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);width:102.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.84pt;position:var(--position);white-space:pre">Unrecognized </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);white-space:pre">Compensation Cost</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);width:102.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.4pt;position:var(--position);white-space:pre">Weighted-Average </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);white-space:pre">Recognition Period</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:29.25pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:71.17pt;position:var(--position)">91,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:29.25pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.04pt;position:var(--position);text-decoration:none;white-space:pre">1.9 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">PSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:43.5pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.54pt"></span></span><span style="left:71.17pt;position:var(--position)">18,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:43.5pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.04pt;position:var(--position);text-decoration:none;white-space:pre">2.0 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:57.75pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:73.54pt"></span></span><span style="left:76.17pt;position:var(--position)">1,485<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:57.75pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.04pt;position:var(--position);text-decoration:none;white-space:pre">0.8 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:72pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">111,180<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Stock-based compensation expense for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.87pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.76pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.62pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:380.2pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.63pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.63pt;position:var(--position);text-decoration:none;white-space:pre">, is included in the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.74pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.77pt;position:var(--position);text-decoration:none;white-space:pre"> as follows (in thousands):</span></div><div style="position:var(--position);top:108pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:525.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:356.25pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);width:169.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of revenue</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:31.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:56.54pt"></span></span><span style="left:64.17pt;position:var(--position)">853<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:31.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:56.67pt;position:var(--position)">1,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Colocation organizational and site startup costs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:47.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">4,224<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:47.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:63pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">12,684<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:63pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">14,803<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Stock-based compensation expense, net of amounts capitalized</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:78.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">17,761<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:78.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">16,185<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Capitalized stock-based compensation</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:155.75pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:93.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">626<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:93.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">220<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Total stock-based compensation cost</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:109.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:51.67pt;position:var(--position)">18,387<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:109.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:51.67pt;position:var(--position)">16,405<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:241.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.425pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">Represents the amounts of stock-based compensation capitalized to property, plant, and equipment.</span></div> 40000000 48000000 20 P3Y <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.91pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents additional information </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:580.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">relating to each MSU award:</span></div><div style="position:var(--position);top:616.25pt;width:612pt"><div style="font-size:0pt;left:117pt;position:var(--position);width:393pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:129pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:129pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:129pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:28.16pt;position:var(--position);white-space:pre">Share Price Goal</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.78pt;position:var(--position);white-space:pre">Incremental Units</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.59pt;position:var(--position);white-space:pre">Tranche Cumulative Units</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">December 31, 2026 Vesting: </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:99.79pt"></span></span><span style="left:107.42pt;position:var(--position)">3.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:31.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:31.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:99.79pt"></span></span><span style="left:107.42pt;position:var(--position)">5.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:47.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:47.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">284,099<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:99.79pt"></span></span><span style="left:107.42pt;position:var(--position)">8.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:63pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">426,148<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:94.79pt"></span></span><span style="left:102.42pt;position:var(--position)">10.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:78.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">568,197<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:94.79pt"></span></span><span style="left:102.42pt;position:var(--position)">12.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:94.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:94.5pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">710,247<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:94.79pt"></span></span><span style="left:102.42pt;position:var(--position)">14.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:132pt;position:var(--position);top:110.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">142,049<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:110.25pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:89.79pt"></span></span><span style="left:92.42pt;position:var(--position)">852,296<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 3.14 142049 142049 5.00 142049 284099 8.00 142049 426148 10.00 142049 568197 12.00 142049 710247 14.00 142049 852296 3 3 9 0 3 P3Y P3Y <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">A summary of RSU, MSU and PSU activity for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.81pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.31pt;position:var(--position);text-decoration:none;white-space:pre">ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.67pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.25pt;position:var(--position);text-decoration:none;white-space:pre">, is as follows </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:472.71pt;position:var(--position);text-decoration:none;white-space:pre">(amounts in thousands, </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">except per share amounts)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:140.59pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:300pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:549.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:143.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:133.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:28.57pt;position:var(--position);white-space:pre">Restricted Stock Units</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.7pt;position:var(--position);text-decoration:none;white-space:pre">Market Condition Restricted Stock </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:57.65pt;position:var(--position);text-decoration:none;white-space:pre">Units</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:133.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.38pt;position:var(--position);white-space:pre">Performance Restricted Stock Units</span></div></div></div></td></tr><tr style="height:45pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.08pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:8pt;position:var(--position);top:20.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.41pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.87pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.08pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:8pt;position:var(--position);top:20.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.41pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.87pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.09pt;position:var(--position);text-decoration:none;white-space:pre">Number of</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.08pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:29.25pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.86pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:8pt;position:var(--position);top:20.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.41pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:8pt;position:var(--position);top:28.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.87pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair</span></div><div style="line-height:8pt;position:var(--position);top:36.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unvested - January 1, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">13,270<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">8.58<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">844<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">6.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,519<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:74.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">11.57<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">928<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">16.36<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:56.17pt;position:var(--position)">8<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">3.99<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Performance adjustment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,472)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">11.57<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,846)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">9.99<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,840)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">15.71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:143.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(77)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.04pt"></span></span><span style="left:43.67pt;position:var(--position)">7.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:131.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:145.5pt;width:143.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:2.63pt;width:143.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unvested - </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.7pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:143.25pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">12,275<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:211.5pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">8.90<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279.75pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">852<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:43.67pt;position:var(--position)">6.14<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:416.25pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">2,207<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:484.5pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:38.67pt;position:var(--position)">13.18<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 13270000 8.58 844000 6.14 5519000 11.57 928000 16.36 8000 3.99 0 0 0 0 0 0 -1472000 11.57 1846000 9.99 0 0 1840000 15.71 77000 7.11 0 0 0 12275000 8.90 852000 6.14 2207000 13.18 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.44pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, unrecognized compensation cost and the related weighted-average period over which the cost is </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:490.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">expected to be recognized for each award type were as follows (in thousands):</span></div><div style="position:var(--position);top:502.25pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:331.5pt"></td><td style="padding:0;width:102.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:102.75pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);width:102.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.84pt;position:var(--position);white-space:pre">Unrecognized </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.96pt;position:var(--position);white-space:pre">Compensation Cost</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);width:102.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.4pt;position:var(--position);white-space:pre">Weighted-Average </span></div><div style="line-height:8pt;position:var(--position);top:20.62pt;width:102.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.63pt;position:var(--position);white-space:pre">Recognition Period</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:29.25pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:63.54pt"></span></span><span style="left:71.17pt;position:var(--position)">91,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:29.25pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.04pt;position:var(--position);text-decoration:none;white-space:pre">1.9 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">PSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:43.5pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.54pt"></span></span><span style="left:71.17pt;position:var(--position)">18,178<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:43.5pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.04pt;position:var(--position);text-decoration:none;white-space:pre">2.0 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">MSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:57.75pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:73.54pt"></span></span><span style="left:76.17pt;position:var(--position)">1,485<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:57.75pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.04pt;position:var(--position);text-decoration:none;white-space:pre">0.8 years</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:331.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:72pt;width:102.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:102.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.54pt"></span></span><span style="left:66.17pt;position:var(--position)">111,180<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div> 91517000 P1Y10M24D 18178000 P2Y 1485000 P0Y9M18D 111180000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Stock-based compensation expense for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.87pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.76pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.62pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:380.2pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.63pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.63pt;position:var(--position);text-decoration:none;white-space:pre">, is included in the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.74pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.77pt;position:var(--position);text-decoration:none;white-space:pre"> as follows (in thousands):</span></div><div style="position:var(--position);top:108pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:525.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:356.25pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);width:169.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of revenue</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:31.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:56.54pt"></span></span><span style="left:64.17pt;position:var(--position)">853<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:31.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:56.67pt;position:var(--position)">1,382<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Colocation organizational and site startup costs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:47.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">4,224<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:47.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:63pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">12,684<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:63pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">14,803<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Stock-based compensation expense, net of amounts capitalized</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:78.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">17,761<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:78.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">16,185<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Capitalized stock-based compensation</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:155.75pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:93.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">626<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:93.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">220<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Total stock-based compensation cost</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:109.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:51.67pt;position:var(--position)">18,387<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:109.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:51.67pt;position:var(--position)">16,405<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:241.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.425pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">Represents the amounts of stock-based compensation capitalized to property, plant, and equipment.</span></div> 853000 1382000 4224000 0 12684000 14803000 17761000 16185000 626000 220000 18387000 16405000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">12.        NET (LOSS) INCOME PER SHARE</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:230.35pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:289.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Basic earnings per share (“EPS”) is measured as the income or loss available to common stockholders divided by the weighted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:301.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">average common shares outstanding for the period. Upon exercise of the Tranche 2 Warrants, shares are issuable for little or no </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:313.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">consideration, sometimes referred to as “penny warrants”. Under ASC 260-10-45-13, those issuable shares are considered outstanding </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:325.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in the computation of basic EPS whether or not related warrants have been exercised. At </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:392.24pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.82pt;position:var(--position);text-decoration:none;white-space:pre">, approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.02pt;position:var(--position);text-decoration:none;white-space:pre">7.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.87pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:337.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">shares of common stock remain issuable upon the exercise of the Tranche 2 Warrants and are included in the number of outstanding </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:349.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">shares used for the computation of basic EPS for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.02pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.91pt;position:var(--position);text-decoration:none;white-space:pre"> then ended. Additionally, the basic EPS numerator includes an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:361.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">adjustment to eliminate the changes in fair value that have been recognized in net (loss) income.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:385.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted EPS includes and presents the dilutive effect on EPS from the potential issuance of shares from unvested restricted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:397.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">stock units, conversion of convertible securities, or the exercise of options and/or warrants. The potentially dilutive effect of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:409.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">convertible securities is calculated using the if-converted method. The potentially dilutive effect of options or warrants are computed </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:421.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">using the treasury stock method. When potentially dilutive securities have an anti-dilutive effect (i.e., increase income per share or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:433.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">decrease loss per share), they are excluded from the diluted EPS calculation.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:457.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted (loss) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:469.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">income per share (in thousands, except per share amounts):</span></div><div style="position:var(--position);top:493.25pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:523.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);width:169.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:12pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:12pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Numerator:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net (loss) income</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:46.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(347,188)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:46.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:46.67pt;position:var(--position)">576,251<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Add: Change in fair value of Tranche 2 Warrants</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:60.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">4,750<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:60.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(127,372)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Basic and diluted net (loss) income</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(342,438)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:46.67pt;position:var(--position)">448,879<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Denominator:</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Weighted average shares outstanding - basic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:103.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">322,911<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:103.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">315,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Effect of dilutive securities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Tranche 1 Warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:132pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:132pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">39,232<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">RSUs, PSUs, and MSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:146.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:146.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">8,896<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:160.5pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average shares outstanding - diluted</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:160.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">322,911<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:160.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">363,314<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net (loss) income per share - basic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:189pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.71pt"></span></span><span style="left:58.34pt;position:var(--position)">(1.06)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:189pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:61.67pt;position:var(--position)">1.42<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:203.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net (loss) income per share - diluted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:203.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.71pt"></span></span><span style="left:58.34pt;position:var(--position)">(1.06)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:203.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:61.67pt;position:var(--position)">1.24<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Pote</span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:80.76pt;position:var(--position);text-decoration:none;white-space:pre">ntially dilutive securities include securities excluded from the calculation of diluted EPS because to do so would be anti-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">dilutive. Shares which may be issued from potentially dilutive securities are as follows (in thousands):</span></div><div style="position:var(--position);top:120pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:525.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:356.25pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);width:169.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:356.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">69,611<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">69,611<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs, PSUs, and MSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">15,334<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">1,249<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock options</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:57pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">344<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:57pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">321<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tranche 1 Warrants</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">96,654<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total shares issuable from potentially dilutive securities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">181,943<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">71,181<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 7800000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted (loss) </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:469.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">income per share (in thousands, except per share amounts):</span></div><div style="position:var(--position);top:493.25pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:523.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:354pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);width:169.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:12pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:12pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:11.62pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Numerator:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net (loss) income</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:46.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(347,188)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:46.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:46.67pt;position:var(--position)">576,251<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Add: Change in fair value of Tranche 2 Warrants</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:60.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">4,750<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:60.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(127,372)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Basic and diluted net (loss) income</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:43.34pt;position:var(--position)">(342,438)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:46.67pt;position:var(--position)">448,879<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Denominator:</span></div></div></div></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Weighted average shares outstanding - basic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:103.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">322,911<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:103.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">315,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Effect of dilutive securities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Tranche 1 Warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:132pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:132pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">39,232<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">RSUs, PSUs, and MSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:146.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:146.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">8,896<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:160.5pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average shares outstanding - diluted</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:160.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">322,911<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:160.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">363,314<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net (loss) income per share - basic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:189pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.71pt"></span></span><span style="left:58.34pt;position:var(--position)">(1.06)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:189pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:61.67pt;position:var(--position)">1.42<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:203.25pt;width:354pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:354pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net (loss) income per share - diluted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:354pt;position:var(--position);top:203.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.71pt"></span></span><span style="left:58.34pt;position:var(--position)">(1.06)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:440.25pt;position:var(--position);top:203.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:61.67pt;position:var(--position)">1.24<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> -347188000 576251000 4750000 -127372000 -342438000 -342438000 448879000 448879000 322911000 315186000 0 39232000 0 8896000 322911000 363314000 -1.06 1.42 -1.06 1.24 <span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Pote</span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:80.76pt;position:var(--position);text-decoration:none;white-space:pre">ntially dilutive securities include securities excluded from the calculation of diluted EPS because to do so would be anti-</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">dilutive. Shares which may be issued from potentially dilutive securities are as follows (in thousands):</span></div><div style="position:var(--position);top:120pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:525.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:356.25pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);width:169.5pt"><div><div style="line-height:8pt;position:var(--position);top:7.12pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:356.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:15.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">69,611<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:28.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">69,611<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs, PSUs, and MSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">15,334<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:42.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.04pt"></span></span><span style="left:56.67pt;position:var(--position)">1,249<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock options</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:57pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">344<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:57pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:61.54pt"></span></span><span style="left:64.17pt;position:var(--position)">321<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tranche 1 Warrants</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">96,654<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:71.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:356.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:356.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total shares issuable from potentially dilutive securities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:356.25pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.04pt"></span></span><span style="left:46.67pt;position:var(--position)">181,943<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:85.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.04pt"></span></span><span style="left:51.67pt;position:var(--position)">71,181<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 69611000 69611000 15334000 1249000 344000 321000 96654000 0 181943000 71181000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">13.        SEGMENT REPORTING</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:260.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The Company’s operating segments are aggregated into reportable segments only if they exhibit similar economic </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:272.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">characteristics and have similar business activities.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:296.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The Company has </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> operating segments: “Colocation”, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre">consisting of providing high-density colocation services to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:308.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">customers employing AI and HPC related workloads;</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:250.24pt;position:var(--position);text-decoration:none;white-space:pre"> “Digital Asset Self-Mining”, consisting of performing digital asset mining for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:320.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">its own account; and “Digital Asset Hosted Mining”, consisting of providing hosting services to third-parties for digital asset mining. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:332.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:51.53pt;position:var(--position);text-decoration:none;white-space:pre"> Colocation operation generates revenue through licensing agreements and orders with licensees that include fixed and variable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:344.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">payments on a recurring basis. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.32pt;position:var(--position);text-decoration:none;white-space:pre">The Digital Asset Self-Mining segment generates revenue from operating owned digital infrastructure </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:356.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">and computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:368.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">exchange for these services, the Company receives digital assets. The Digital Asset Hosted Mining business generates revenue through </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:380.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the sale of consumption-based contracts for its digital asset hosted mining services which are recurring in nature.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:404.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The Company’s Chief Executive Officer is the chief operating decision maker (“CODM”). The CODM uses gross profit to </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:416.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">evaluate performance and allocate resources. Gross profit is used to evaluate actual results against expectations, which are based on </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:428.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">comparable prior results, current budget, and current forecast. Gross profit is also used in deciding how profits and cash flows will be </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:440.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">reinvested or otherwise deployed. The CODM does not evaluate performance or allocate resources based on segment asset or liability </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:452.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">information; accordingly, the Company has not presented a measure of assets by segment. The segments’ accounting policies are the </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:464.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">same as those described in the summary of significant accounting policies. The Company excludes certain operating expenses and </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:476.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">other expenses from the allocations to operating segments. </span></span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The following table presents revenue and gross profit by reportable segment for the periods presented (in thousands): </span></span></div><div style="position:var(--position);top:96pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:519.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:387pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);width:132.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:132.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.42pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:25.5pt;width:132.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:132.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:11.3pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except percentages)</span></div></div></div><div style="position:var(--position);top:25.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Colocation Segment</span></div></div></div></td><td colspan="3" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Colocation revenue:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);white-space:pre">License fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:51pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">59,195<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:51pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">5,995<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);white-space:pre">Power fees passed through to customer</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:63.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">21,059<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">2,586<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);white-space:pre">Maintenance and other</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:76.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:28.15pt"></span></span><span style="left:30.779999999999998pt;position:var(--position)">(2,715)<span style="display:inline-block;height:6.24pt;width:7.49pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:76.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:43.15pt"></span></span><span style="left:45.78pt;position:var(--position)">(8)<span style="display:inline-block;height:6.24pt;width:7.49pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total colocation revenue</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">77,539<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:89.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">8,573<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of colocation services:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);white-space:pre">Power fees passed through to customer</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">21,059<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:114.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">2,586<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">2,075<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:127.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:41.64pt"></span></span><span style="left:44.27pt;position:var(--position)">67<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);white-space:pre">Employee compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">2,986<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:140.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">1,295<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Facility operations expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:153pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">6,755<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:153pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">3,852<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Other segment items</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:165.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">743<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:165.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">306<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cost of colocation services</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:178.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">33,618<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:178.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">8,106<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Colocation gross profit</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:191.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">43,921<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:191.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:32.64pt"></span></span><span style="left:39.77pt;position:var(--position)">467<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Colocation gross margin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:204pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.02pt;position:var(--position)"></span><span style="left:45.02pt;position:var(--position)">57<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:204pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.77pt;position:var(--position)"></span><span style="left:48.77pt;position:var(--position)">5<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:226.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Self-Mining Segment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:239.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Digital asset self-mining revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:239.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">30,105<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:239.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:21.39pt"></span></span><span style="left:28.52pt;position:var(--position)">67,179<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of digital asset self-mining:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Power fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:264.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">27,271<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:264.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:28.52pt;position:var(--position)">30,319<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:277.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:277.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">13,909<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:277.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:28.52pt;position:var(--position)">19,259<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:290.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:290.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">3,527<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:290.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">7,335<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Facility operations expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:303pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">1,972<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:303pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">3,280<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Other segment items</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:315.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">510<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:315.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">977<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:328.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:328.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">47,189<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:328.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:28.52pt;position:var(--position)">61,170<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:341.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Self-Mining gross profit</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:341.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.15pt"></span></span><span style="left:26.279999999999998pt;position:var(--position)">(17,084)<span style="display:inline-block;height:6.24pt;width:7.49pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:341.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">6,009<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:354pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Self-Mining gross margin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:354pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:42.03pt;position:var(--position)"></span><span style="left:42.03pt;position:var(--position)">(57)</span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:354pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.77pt;position:var(--position)"></span><span style="left:48.77pt;position:var(--position)">9<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:376.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Hosted Mining Segment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:389.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital asset hosted mining revenue from customers</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:389.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:33.77pt;position:var(--position)">7,600<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:389.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">3,773<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:402pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of digital asset hosted mining services:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:414.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Power fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:414.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">3,303<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:414.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">1,367<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:427.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:427.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">306<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:427.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">145<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:440.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:440.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">427<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:440.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">332<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:453pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Facility operations expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:453pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">234<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:453pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">148<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:465.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Other segment items</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:465.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:42.39pt"></span></span><span style="left:45.02pt;position:var(--position)">61<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:465.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:41.64pt"></span></span><span style="left:44.27pt;position:var(--position)">44<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:478.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cost of digital asset hosted mining services</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:478.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">4,331<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:478.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">2,036<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:491.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Hosted Mining gross profit</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:491.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:33.77pt;position:var(--position)">3,269<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:491.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">1,737<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:504pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Hosted Mining gross margin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:504pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.02pt;position:var(--position)"></span><span style="left:45.02pt;position:var(--position)">43<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:504pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.27pt;position:var(--position)"></span><span style="left:44.27pt;position:var(--position)">46<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:537.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:550.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated total revenue</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:550.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:17.64pt"></span></span><span style="left:24.77pt;position:var(--position)">115,244<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:550.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:21.39pt"></span></span><span style="left:28.52pt;position:var(--position)">79,525<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:563.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated cost of revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:563.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">85,138<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:563.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:21.39pt"></span></span><span style="left:28.52pt;position:var(--position)">71,312<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:576pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated gross profit</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:576pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">30,106<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:576pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">8,213<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:588.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated gross margin</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:588.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.02pt;position:var(--position)"></span><span style="left:45.02pt;position:var(--position)">26<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:588.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.27pt;position:var(--position)"></span><span style="left:44.27pt;position:var(--position)">10<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:72pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">A reconciliation of the reportable segment gross profit to (loss) income before income taxes included in the Company’s</span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.51pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated statements of operations</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.77pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> for the </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.13pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.02pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> ended </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.88pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.46pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.39pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.89pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.89pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, is as follows (in thousands):</span></span></div><div style="position:var(--position);top:108pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:402pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);width:132.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:132.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.42pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:12pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Reportable segment gross profit</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:35.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,106<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:35.25pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:37.92pt;position:var(--position)">8,213<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in fair value of digital assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">6,558<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:49.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:32.92pt;position:var(--position)">10,688<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loss on disposal of property, plant and equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:63.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">13,638<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.79pt"></span></span><span style="left:55.42pt;position:var(--position)">6<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Impairment of property, plant and equipment</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">266,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:78pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.79pt"></span></span><span style="left:50.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Colocation organizational and site startup costs </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">8,665<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:92.25pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:32.92pt;position:var(--position)">11,667<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Advisor fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:106.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">333<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:106.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.79pt"></span></span><span style="left:45.42pt;position:var(--position)">603<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">44,846<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:120.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:32.92pt;position:var(--position)">32,287<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating loss</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:135pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(310,422)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:135pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.96pt"></span></span><span style="left:29.59pt;position:var(--position)">(47,038)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-operating expenses (income), net:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:163.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense (income), net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:163.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">4,857<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:163.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.96pt"></span></span><span style="left:34.59pt;position:var(--position)">(2,187)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Change in fair value of warrants and contingent value rights</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:177.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,799<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:177.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.96pt"></span></span><span style="left:24.59pt;position:var(--position)">(621,464)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Loss on legal settlements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:192pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.79pt"></span></span><span style="left:50.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:206.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Other non-operating expense, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:206.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:206.25pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.79pt"></span></span><span style="left:45.42pt;position:var(--position)">157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:220.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total non-operating expense (income), net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:220.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">36,166<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:220.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.96pt"></span></span><span style="left:24.59pt;position:var(--position)">(623,494)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">(Loss) income before income taxes</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:234.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(346,588)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:234.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.29pt"></span></span><span style="left:27.919999999999998pt;position:var(--position)">576,456<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:5.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:386.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Concentrations of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:114.84pt;position:var(--position);text-decoration:none;white-space:pre">Revenue</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:151.47pt;position:var(--position);text-decoration:none;white-space:pre"> and Credit Risk</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:404.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash and cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:416.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">equivalents and accounts receivable. Credit risk with respect to accounts receivable is concentrated with a small number of customers. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:428.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The Company places its cash and cash equivalents with major financial institutions, which management assesses to be of high credit </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:440.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">quality, in order to limit the exposure to credit risk. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.43pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.01pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:350.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.98pt;position:var(--position);text-decoration:none;white-space:pre">, all of the Company’s fixed assets </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:452.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">were located in the United States. For the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.84pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.73pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.59000000000003pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.17pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.1pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.6pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.6pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.1pt;position:var(--position);text-decoration:none;white-space:pre"> all of the Company’s revenue was generated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:464.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in the United States. For the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.6pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.49pt;position:var(--position);text-decoration:none;white-space:pre"> ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.35pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.93pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.86pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.36pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.36pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.36pt;position:var(--position);text-decoration:none;white-space:pre">26%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.69pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.62pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.12pt;position:var(--position);text-decoration:none;white-space:pre">84%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.45pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:453.7pt;position:var(--position);text-decoration:none;white-space:pre">of the Company’s total </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:476.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">revenue was generated from one customer in the Digital Asset Self-Mining segment. For the three months ended March 31, 2026 and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:488.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2025, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61pt;position:var(--position);text-decoration:none;white-space:pre">67%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.33pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.75999999999999pt;position:var(--position);text-decoration:none;white-space:pre">11%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.09pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, of the Company's total revenue was generated from one customer in the Colocation segment. As of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:500.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.58pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.01pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.55pt;position:var(--position);text-decoration:none;white-space:pre">, substantially all of the Company’s digital assets were held by </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.04pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.47pt;position:var(--position);text-decoration:none;white-space:pre"> third-party digital asset </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:512.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">service.</span></div> 3 3 <span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The following table presents revenue and gross profit by reportable segment for the periods presented (in thousands): </span></span><div style="position:var(--position);top:96pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:519.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:387pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);width:132.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:132.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.42pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:25.5pt;width:132.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.99pt;width:132.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:normal;left:11.3pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except percentages)</span></div></div></div><div style="position:var(--position);top:25.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Colocation Segment</span></div></div></div></td><td colspan="3" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Colocation revenue:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);white-space:pre">License fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:51pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">59,195<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:51pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">5,995<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);white-space:pre">Power fees passed through to customer</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:63.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">21,059<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">2,586<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);white-space:pre">Maintenance and other</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:76.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:28.15pt"></span></span><span style="left:30.779999999999998pt;position:var(--position)">(2,715)<span style="display:inline-block;height:6.24pt;width:7.49pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:76.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:43.15pt"></span></span><span style="left:45.78pt;position:var(--position)">(8)<span style="display:inline-block;height:6.24pt;width:7.49pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total colocation revenue</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:89.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">77,539<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:89.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">8,573<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of colocation services:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);white-space:pre">Power fees passed through to customer</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:114.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">21,059<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:114.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">2,586<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">2,075<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:127.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:41.64pt"></span></span><span style="left:44.27pt;position:var(--position)">67<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);white-space:pre">Employee compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">2,986<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:140.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">1,295<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Facility operations expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:153pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">6,755<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:153pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">3,852<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Other segment items</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:165.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">743<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:165.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">306<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cost of colocation services</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:178.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">33,618<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:178.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">8,106<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Colocation gross profit</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:191.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">43,921<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:191.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:32.64pt"></span></span><span style="left:39.77pt;position:var(--position)">467<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Colocation gross margin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:204pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.02pt;position:var(--position)"></span><span style="left:45.02pt;position:var(--position)">57<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:204pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.77pt;position:var(--position)"></span><span style="left:48.77pt;position:var(--position)">5<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:226.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Self-Mining Segment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:239.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Digital asset self-mining revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:239.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">30,105<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:239.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:21.39pt"></span></span><span style="left:28.52pt;position:var(--position)">67,179<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of digital asset self-mining:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Power fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:264.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">27,271<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:264.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:28.52pt;position:var(--position)">30,319<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:277.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:277.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">13,909<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:277.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:28.52pt;position:var(--position)">19,259<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:290.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:290.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">3,527<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:290.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">7,335<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Facility operations expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:303pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">1,972<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:303pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">3,280<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Other segment items</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:315.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">510<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:315.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">977<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:328.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cost of digital asset self-mining</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:328.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:29.27pt;position:var(--position)">47,189<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:328.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:28.52pt;position:var(--position)">61,170<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:341.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Self-Mining gross profit</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:341.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:19.15pt"></span></span><span style="left:26.279999999999998pt;position:var(--position)">(17,084)<span style="display:inline-block;height:6.24pt;width:7.49pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:341.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">6,009<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:354pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Self-Mining gross margin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:354pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:42.03pt;position:var(--position)"></span><span style="left:42.03pt;position:var(--position)">(57)</span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:354pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.77pt;position:var(--position)"></span><span style="left:48.77pt;position:var(--position)">9<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:376.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Hosted Mining Segment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:389.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital asset hosted mining revenue from customers</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:389.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:33.77pt;position:var(--position)">7,600<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:389.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">3,773<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:402pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of digital asset hosted mining services:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:414.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Power fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:414.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">3,303<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:414.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">1,367<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:427.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:427.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">306<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:427.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">145<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:440.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:440.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">427<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:440.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">332<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:453pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Facility operations expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:453pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.89pt"></span></span><span style="left:40.52pt;position:var(--position)">234<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:453pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:37.14pt"></span></span><span style="left:39.77pt;position:var(--position)">148<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:465.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:26.63pt;position:var(--position);text-decoration:none;white-space:pre">Other segment items</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:465.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:42.39pt"></span></span><span style="left:45.02pt;position:var(--position)">61<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:465.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:41.64pt"></span></span><span style="left:44.27pt;position:var(--position)">44<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:478.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cost of digital asset hosted mining services</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:478.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:31.14pt"></span></span><span style="left:33.77pt;position:var(--position)">4,331<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:478.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.24pt;width:30.39pt"></span></span><span style="left:33.02pt;position:var(--position)">2,036<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:491.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Hosted Mining gross profit</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:491.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:26.64pt"></span></span><span style="left:33.77pt;position:var(--position)">3,269<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:491.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">1,737<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:504pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital Asset Hosted Mining gross margin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:504pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.02pt;position:var(--position)"></span><span style="left:45.02pt;position:var(--position)">43<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:504pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.27pt;position:var(--position)"></span><span style="left:44.27pt;position:var(--position)">46<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:537.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:550.5pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated total revenue</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:550.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:17.64pt"></span></span><span style="left:24.77pt;position:var(--position)">115,244<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:550.5pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:21.39pt"></span></span><span style="left:28.52pt;position:var(--position)">79,525<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:563.25pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated cost of revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:563.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">85,138<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:563.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:21.39pt"></span></span><span style="left:28.52pt;position:var(--position)">71,312<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:576pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated gross profit</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:576pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:22.14pt"></span></span><span style="left:29.27pt;position:var(--position)">30,106<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:576pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.89pt"></span></span><span style="left:33.02pt;position:var(--position)">8,213<span style="display:inline-block;height:6.24pt;width:10.48pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:588.75pt;width:387pt"><div><div style="line-height:9pt;position:var(--position);top:2.63pt;width:387pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated gross margin</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:588.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.02pt;position:var(--position)"></span><span style="left:45.02pt;position:var(--position)">26<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:455.25pt;position:var(--position);top:588.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:44.27pt;position:var(--position)"></span><span style="left:44.27pt;position:var(--position)">10<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span><span style="left:56.260000000000005pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div> 59195000 5995000 21059000 2586000 -2715000 -8000 77539000 8573000 21059000 2586000 2075000 67000 2986000 1295000 6755000 3852000 743000 306000 33618000 8106000 43921000 467000 0.57 0.05 30105000 67179000 27271000 30319000 13909000 19259000 3527000 7335000 1972000 3280000 510000 977000 47189000 61170000 -17084000 6009000 -0.57 0.09 7600000 3773000 3303000 1367000 306000 145000 427000 332000 234000 148000 61000 44000 4331000 2036000 3269000 1737000 0.43 0.46 115244000 79525000 85138000 71312000 30106000 8213000 0.26 0.10 <span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">A reconciliation of the reportable segment gross profit to (loss) income before income taxes included in the Company’s</span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.51pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">condensed consolidated statements of operations</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.77pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> for the </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.13pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.02pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> ended </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.88pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.46pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.39pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.89pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.89pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, is as follows (in thousands):</span></span></div><div style="position:var(--position);top:108pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:534.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:402pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);width:132.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:132.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.42pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:12pt;width:64.5pt"><div><div style="line-height:8pt;position:var(--position);top:14.62pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Reportable segment gross profit</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:35.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,106<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:35.25pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:37.92pt;position:var(--position)">8,213<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Decrease in fair value of digital assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">6,558<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:49.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:32.92pt;position:var(--position)">10,688<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Loss on disposal of property, plant and equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:63.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">13,638<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:63.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.79pt"></span></span><span style="left:55.42pt;position:var(--position)">6<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Impairment of property, plant and equipment</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:78pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">266,488<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:78pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.79pt"></span></span><span style="left:50.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Colocation organizational and site startup costs </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">8,665<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:92.25pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:32.92pt;position:var(--position)">11,667<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Advisor fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:106.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">333<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:106.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.79pt"></span></span><span style="left:45.42pt;position:var(--position)">603<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:120.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">44,846<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:120.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:32.92pt;position:var(--position)">32,287<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating loss</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:135pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(310,422)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:135pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.96pt"></span></span><span style="left:29.59pt;position:var(--position)">(47,038)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-operating expenses (income), net:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:163.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense (income), net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:163.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">4,857<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:163.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.96pt"></span></span><span style="left:34.59pt;position:var(--position)">(2,187)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Change in fair value of warrants and contingent value rights</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:177.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">30,799<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:177.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.96pt"></span></span><span style="left:24.59pt;position:var(--position)">(621,464)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">Loss on legal settlements</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:192pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.79pt"></span></span><span style="left:50.42pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:206.25pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:2.63pt;width:402pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Other non-operating expense, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:206.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:206.25pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.79pt"></span></span><span style="left:45.42pt;position:var(--position)">157<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:220.5pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total non-operating expense (income), net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:220.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">36,166<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:220.5pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.96pt"></span></span><span style="left:24.59pt;position:var(--position)">(623,494)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:402pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:402pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">(Loss) income before income taxes</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402pt;position:var(--position);top:234.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(346,588)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:470.25pt;position:var(--position);top:234.75pt;width:64.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:64.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.29pt"></span></span><span style="left:27.919999999999998pt;position:var(--position)">576,456<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:5.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div> 30106000 8213000 -6558000 -10688000 -13638000 -6000 266488000 0 8665000 11667000 333000 603000 44846000 32287000 -310422000 -47038000 -4857000 2187000 30799000 -621464000 -500000 0 -10000 -157000 -36166000 623494000 -346588000 576456000 0.26 0.84 0.67 0.11 1 1 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">14.        SUPPLEMENTAL CASH FLOW AND NONCASH INFORMATION</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:560.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents supplemental cash flow and non-cash information for the periods presented (in thousands):</span></div><div style="position:var(--position);top:584.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:406.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental disclosure of other cash flow information:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for interest</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:34.13pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">6,905<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:34.13pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">7,822<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Income tax (refunds) payments</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:46.89pt"></span></span><span style="left:54.02pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:49.88pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">1<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental disclosure of noncash investing and financing activities:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Purchases of PP&amp;E in accounts payable and accrued expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.13pt"></span></span><span style="left:32.26pt;position:var(--position)">205,232<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:29.63pt"></span></span><span style="left:36.760000000000005pt;position:var(--position)">48,668<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Noncash exercise of warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:40.88pt"></span></span><span style="left:48.010000000000005pt;position:var(--position)">483<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:29.63pt"></span></span><span style="left:36.760000000000005pt;position:var(--position)">18,776<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Noncash asset retirement obligation addition</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:40.88pt"></span></span><span style="left:48.010000000000005pt;position:var(--position)">976<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:45.38pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents supplemental cash flow and non-cash information for the periods presented (in thousands):</span><div style="position:var(--position);top:584.75pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:406.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.79pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:12pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.37pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental disclosure of other cash flow information:</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for interest</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:34.13pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">6,905<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:34.13pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">7,822<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Income tax (refunds) payments</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:46.89pt"></span></span><span style="left:54.02pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:49.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:49.88pt"></span></span><span style="left:57.010000000000005pt;position:var(--position)">1<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental disclosure of noncash investing and financing activities:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);white-space:pre">Purchases of PP&amp;E in accounts payable and accrued expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:25.13pt"></span></span><span style="left:32.26pt;position:var(--position)">205,232<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:29.63pt"></span></span><span style="left:36.760000000000005pt;position:var(--position)">48,668<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Noncash exercise of warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:40.88pt"></span></span><span style="left:48.010000000000005pt;position:var(--position)">483<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:29.63pt"></span></span><span style="left:36.760000000000005pt;position:var(--position)">18,776<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:406.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:406.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Noncash asset retirement obligation addition</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:406.5pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:40.88pt"></span></span><span style="left:48.010000000000005pt;position:var(--position)">976<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.07pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.24pt;width:45.38pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.24pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 6905000 7822000 -1000 1000 205232000 48668000 483000 18776000 976000 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">15.        SUBSEQUENT EVENTS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Hunt County Acquisition</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On May 5, 2026, the Company completed its acquisition of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre">100%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.12pt;position:var(--position);text-decoration:none;white-space:pre"> of the membership interests of Telios Quinlan One, LLC, a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Delaware limited liability company that owns approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.5pt;position:var(--position);text-decoration:none;white-space:pre">260</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.5pt;position:var(--position);text-decoration:none;white-space:pre"> acres of land in Hunt County, Texas, together with a related electric </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">service agreement with Farmers Electric Cooperative, Inc. for an approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.77pt;position:var(--position);text-decoration:none;white-space:pre">430</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.77pt;position:var(--position);text-decoration:none;white-space:pre"> MW</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.59pt;position:var(--position);text-decoration:none;white-space:pre"> project, which the Company intends to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">develop as a future data center site. The aggregate purchase price was approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.18pt;position:var(--position);text-decoration:none;white-space:pre">$232.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.03pt;position:var(--position);text-decoration:none;white-space:pre"> in cash, of which a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.23pt;position:var(--position);text-decoration:none;white-space:pre">$2.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:565.08pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">deposit was paid in January 2026 and is included in Other current assets on the condensed consolidated balance sheet</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.93pt;position:var(--position);text-decoration:none;white-space:pre"> as of March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">2026. In January 2026, in connection with the related electric service agreement, the Company posted </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.51pt;position:var(--position);text-decoration:none;white-space:pre">$33.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.36pt;position:var(--position);text-decoration:none;white-space:pre"> of cash collateral </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">to Farmers Electric Cooperative, Inc., which is included in Other noncurrent assets on the condensed consolidated balance sheet as of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Polaris DS LLC Merger Agreement</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:63pt;position:var(--position);text-decoration:none;white-space:pre">On May 5, 2026, the Company entered into an Agreement and Plan of Merger to acquire Polaris DS LLC, which owns an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.2pt;position:var(--position);text-decoration:none;white-space:pre">40</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.2pt;position:var(--position);text-decoration:none;white-space:pre">-acre site adjacent to the Company's existing Muskogee, Oklahoma data center operations and electric service </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">agreements providing for up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.28pt;position:var(--position);text-decoration:none;white-space:pre">440</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.28pt;position:var(--position);text-decoration:none;white-space:pre"> MW of gross utility power capacity. The aggregate purchase price is approximately </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.31pt;position:var(--position);text-decoration:none;white-space:pre">$421 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:567.66pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">in cash, subject to customary adjustments and certain contingent payments. Concurrently with execution, the Company deposited an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">additional </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.44pt;position:var(--position);text-decoration:none;white-space:pre">$60 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.79pt;position:var(--position);text-decoration:none;white-space:pre"> into the existing escrow account, bringing the total deposit (recorded in restricted cash) to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.24pt;position:var(--position);text-decoration:none;white-space:pre">$120 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.5899999999999pt;position:var(--position);text-decoration:none;white-space:pre">, which </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:300pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">will be applied to the purchase price at closing. The transaction is subject to customary closing conditions and is expected to close in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">the third quarter of 2026.</span></div> 1 260 430 232500000 2000000.0 33000000.0 40 440 421000000 60000000 120000000 false false false false Proceeds from digital assets received as noncash revenue consideration liquidated upon management's discretion.