| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following as of May 31, 2026 and 2025 (in thousands): | | | | | | | | | | | | | | | | | | | Estimated Useful Life | | May 31,
2026 | | May 31,
2025 | Networking equipment, electrical equipment, and software | 3 years - 5 years | | $ | 38,669 | | | $ | 33,611 | | | Mechanical infrastructure | 20 years | | 71,939 | | | — | | | Electrical infrastructure | 15 years | | 104,491 | | | — | | | Electric generation and transformers | 15 years - 30 years | | 188,110 | | | 9,914 | | | Land and building | | | | | | | Building | 39 years | | 279,308 | | | 109,672 | | | Building improvements | 15 years - 25 years | | 682,348 | | | — | | | Land | | | 59,713 | | | 20,047 | | | Land improvements | 15 years | | 43,786 | | | 1,423 | | | Leasehold improvements | 3 years - 7 years | | 1,142 | | | 1,142 | | | Construction in progress | | | 2,776,232 | | | 1,090,587 | | | Other equipment and fixtures | 5 years - 10 years | | 68,128 | | | 12,447 | | | Total cost of property and equipment | | | 4,313,866 | | | 1,278,843 | | | Accumulated depreciation | | | (77,566) | | | (26,556) | | | Property and equipment, net | | | $ | 4,236,300 | | | $ | 1,252,287 | |
|