| Schedule of Property, Plant, and Equipment, Net |
The following table presents the composition of property, plant and equipment, net at the dates indicated (in thousands): | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Estimated Useful Lives | Land and improvements(1) | $ | 90,770 | | | $ | 21,769 | | | 20 years | Building and improvements | 509,709 | | | 275,186 | | | 10 to 39 years | Mining equipment | 308,479 | | | 393,623 | | | 3 years | Electrical and mechanical equipment | 127,885 | | | 80,384 | | | 15 years | Other property, plant and equipment | 7,385 | | | 18,164 | | | 5 to 7 years | Total | 1,044,228 | | | 789,126 | | | | Less: accumulated depreciation and amortization | 371,262 | | | 406,893 | | | | Total | 672,966 | | | 382,233 | | | | Add: Construction in progress | 1,101,176 | | | 911,066 | | | | | Property, plant and equipment, net | $ | 1,774,142 | | | $ | 1,293,299 | | | |
(1)Estimated useful life of improvements. Land is not depreciated.
|
| Schedule of Property Plant and Equipment, Net Leased to Customers |
The following table presents the composition of property, plant and equipment, net that is subject to operating leases with customers and is included in the total property, plant and equipment, net presented above, at the dates indicated (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Land and improvements | $ | 79,590 | | | $ | 5,546 | | Building and improvements | 471,976 | | | 146,082 | | | | | | Electrical and mechanical equipment | 78,752 | | | 19,146 | | Other property, plant and equipment | 250 | | | 226 | | Total | 630,568 | | | 171,000 | | Less: accumulated depreciation and amortization | 16,473 | | | 9,856 | | Property, plant and equipment, net leased to customers | $ | 614,095 | | | $ | 161,144 | |
|