v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Property, plant, and equipment, net $ 1,430,909 $ 935,295
Cash and cash equivalents 207,501 408,529
Restricted cash 35,792 0
Prepaid expenses and other assets 63,592 47,753
Operating lease right-of-use assets 39,699 21,737
Total assets 1,777,493 1,413,314
Liabilities and stockholders’ equity    
Debt, net 421,296 109,799
Accounts payable and accrued liabilities 238,624 176,572
Operating lease liabilities 43,714 21,320
Other liabilities 1,582 9,751
Total liabilities 705,216 317,442
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.001 par value; 2,400,000,000 shares authorized, 629,839,790 shares issued and outstanding as of March 31, 2026 and December 31, 2025 628 628
Preferred stock, $0.001 par value; 10,000,000 shares authorized, and no shares issued or outstanding as of March 31, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,393,541 1,228,443
Accumulated deficit (321,892) (133,199)
Total stockholders’ equity 1,072,277 1,095,872
Total liabilities and stockholders’ equity $ 1,777,493 $ 1,413,314