v3.26.1
Business Segments - Schedule of Segment Profit (Details) - USD ($)
$ in Thousands
 12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
Revenue:      
Data center rental and other revenue $ 114,702 $ 0 $ 0
Total revenue 611,311 228,569 165,575
Costs and expenses:      
Data center rental and other cost of revenue 56,771 0 0
Selling, general and administrative [1] 332,096 107,877 97,776
Loss on classification of held for sale [2] 59,650 (24,616) 15,417
Loss on abandonment of assets 2,398 724 0
Total costs and expenses 847,773 300,744 263,913
Segment profit (236,462) (72,175) (98,338)
Data Center Hosting Business      
Revenue:      
Segment revenue 154,403    
Data center rental and other revenue 0 0 0
Total revenue 154,403 144,193 136,618
Costs and expenses:      
Cost of revenue 102,980 100,744 106,022
Data center rental and other cost of revenue 0 0 0
Selling, general and administrative 2,516 3,006 10,367
Loss on classification of held for sale   (24,616) 15,417
Loss on abandonment of assets 570 1,132  
Total costs and expenses 106,066 80,266 131,806
Segment profit 48,337 63,927 4,812
HPC Hosting Business      
Revenue:      
Segment revenue 270,602    
Data center rental and other revenue 114,702 0 0
Total revenue 385,304 0 0
Costs and expenses:      
Cost of revenue 258,147 143 50
Data center rental and other cost of revenue 56,773 0 0
Selling, general and administrative 30,017 11,943 4,761
Loss on classification of held for sale   0 0
Loss on abandonment of assets 1,240 0  
Total costs and expenses 346,177 12,086 4,811
Segment profit 39,127 (12,086) (4,811)
Nonrelated Party      
Revenue:      
Segment revenue 496,609 226,643 150,814
Nonrelated Party | Data Center Hosting Business      
Revenue:      
Segment revenue   142,267 121,857
Nonrelated Party | HPC Hosting Business      
Revenue:      
Segment revenue   0 0
Related party revenue      
Revenue:      
Segment revenue 0 1,926 14,761
Costs and expenses:      
Selling, general and administrative $ 300 300 600
Related party revenue | Data Center Hosting Business      
Revenue:      
Segment revenue   1,926 14,761
Related party revenue | HPC Hosting Business      
Revenue:      
Segment revenue   $ 0 $ 0
[1] Includes related party selling, general and administrative expense of $0.3 million, $0.3 million, and $0.6 million for the fiscal years ended May 31, 2026, May 31, 2025, and May 31, 2024, respectively
[2] For the fiscal year ended May 31, 2026, amount includes a loss on classification of held for sale of $59.7 million representing the write down of our cloud services business' (the “Cloud Services Business”) assets to their carrying value as of February 15, 2026 when it no longer qualified as held for sale. For the fiscal year ended May 31, 2025, amount includes $25 million received in connection with the sale of our Garden City facility once conditional approval requirements were met and escrowed funds were released. The fiscal year ended May 31, 2024 includes a $15.4 million loss on classification of held for sale related to the sale of the Garden City facility.