v3.26.1
Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($)
$ in Thousands
May 31, 2026
May 31, 2025
ASSETS    
Cash and cash equivalents $ 1,591,988 $ 43,950
Restricted cash 10,500 38,300
Accounts receivable 56,309 6,830
Prepaid expenses and other current assets [1] 613,692 9,652
Property and equipment, net 4,236,300 1,252,287
Other assets 830,710 179,353
TOTAL ASSETS 9,929,312 1,870,090
Liabilities:    
Accounts payable 395,474 251,491
Accrued liabilities 548,493 30,121
Current portion of debt 16,422 10,331
Deferred revenue 4,666 3,594
Due to customer 10,065 4,807
Other current liabilities 97,489 19,431
Long-term debt 4,959,516 677,825
Total liabilities 6,185,735 $ 1,236,365
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 3,505,509  
Restricted cash 200,717  
Accounts receivable 24,546  
Prepaid expenses and other current assets 538,428  
Property and equipment, net 4,012,167  
Other assets 597,949  
TOTAL ASSETS 8,879,316  
Liabilities:    
Accounts payable 361,209  
Accrued liabilities 523,816  
Current portion of debt 293,743  
Deferred revenue 4,697  
Due to customer 7,407  
Other current liabilities 97,571  
Long-term debt 4,349,907  
Total liabilities $ 5,638,350  
[1] Includes a related party loan receivable of $58.6 million as of May 31, 2026. See Note 7 - Related Party Transactions for further discussion.