v3.26.1
Property, Plant, and Equipment
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment Property, Plant, and Equipment
Property, plant, and equipment, net consisted of the following:
March 31,
2026
December 31,
2025
Construction in progress$1,423,120 $929,371 
Land7,789 5,924 
Gross property, plant, and equipment$1,430,909 $935,295 
Less: accumulated depreciation— — 
Total property, plant, and equipment, net$1,430,909 $935,295 
As of March 31, 2026, the Company's property, plant, and equipment, net consisted entirely of land and construction in progress. No depreciable property, plant, and equipment had been placed in service, and accordingly, no depreciation expense was recognized during the three months ended March 31, 2026. We capitalized $31,118 of share-based compensation during the three months ended March 31, 2026, as the related employee services were attributable to the Company's construction activities. Interest expense of $11,450 was capitalized during the three months ended March 31, 2026, all of which is included within property, plant, and equipment, net on the consolidated balance sheet.