Temporary Equity - Narrative (Details)
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3 Months Ended |
8 Months Ended |
12 Months Ended |
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May 29, 2026
USD ($)
shares
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May 05, 2026
USD ($)
shares
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Dec. 09, 2025
USD ($)
shares
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Nov. 25, 2025
USD ($)
shares
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Oct. 21, 2025
USD ($)
$ / shares
shares
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Oct. 06, 2025
USD ($)
shares
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Aug. 14, 2025
USD ($)
$ / shares
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Apr. 30, 2025
USD ($)
$ / shares
shares
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Sep. 23, 2024
$ / shares
shares
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May 31, 2026
USD ($)
$ / shares
shares
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May 31, 2026
USD ($)
$ / shares
shares
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May 31, 2026
USD ($)
$ / shares
shares
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May 31, 2025
USD ($)
offering
shares
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May 31, 2024
USD ($)
shares
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Oct. 07, 2025
USD ($)
$ / shares
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Sep. 25, 2025
$ / shares
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Sep. 23, 2025 |
Sep. 11, 2025
USD ($)
shares
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Sep. 10, 2025
shares
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| Temporary Equity [Line Items] |
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| Number of shares sold in transaction (in shares) |
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1,311,407
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| Proceeds from issuance of preferred stock | $ |
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$ 814,998,000
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$ 198,205,000
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$ 0
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| Common stock issuance costs | $ |
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$ 800,000
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5,950,000
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10,305,000
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284,000
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| Dividends issued on preferred stock | $ |
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6,259,000
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0
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0
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| Consideration received on sale of stock | $ |
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$ 15,700,000
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| Net loss attributable to noncontrolling interest and redeemable noncontrolling interest | $ |
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(59,665,000)
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0
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$ (397,000)
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| Redeemable noncontrolling interest | $ |
[1] |
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$ 1,956,303,000
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$ 1,956,303,000
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1,956,303,000
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0
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| Contributions from redeemable noncontrolling interest, net of costs | $ |
[1] |
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1,896,244,000
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| Net loss | $ |
[1] |
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(2,667,000)
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| MIP HPC Holdings, LLC |
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| Temporary Equity [Line Items] |
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| Net loss attributable to noncontrolling interest and redeemable noncontrolling interest | $ |
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(65,400,000)
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| Redeemable noncontrolling interest | $ |
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2,000,000,000.0
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2,000,000,000.0
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2,000,000,000.0
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$ 0
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| Contributions from redeemable noncontrolling interest, net of costs | $ |
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1,900,000,000
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| Redeemable preferred stock dividends, paid-in kind | $ |
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62,700,000
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| Net loss | $ |
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$ 2,700,000
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| Amended and Restated Unit Purchase Agreement |
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| Temporary Equity [Line Items] |
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| Number of shares sold in transaction (in shares) |
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925,000
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337,500
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450,000
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112,500
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| Consideration received on sale of stock | $ |
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$ 925,000,000.0
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$ 337,500,000
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$ 450,000,000.0
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$ 112,500,000
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$ 1,800,000,000
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| Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC |
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| Temporary Equity [Line Items] |
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| Consideration received on sale of stock | $ |
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$ 1,800,000,000
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| Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC | Redeemable Noncontrolling Interest, Redemption Period One |
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| Temporary Equity [Line Items] |
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| Fair market value percentage of common units (as percent) |
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120.00%
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| Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC | Redeemable Noncontrolling Interest, Redemption Period Two |
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| Temporary Equity [Line Items] |
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| Fair market value percentage of common units (as percent) |
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112.50%
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| Series E Redeemable Preferred Stock |
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| Temporary Equity [Line Items] |
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| Number of offerings | offering |
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4
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| Number of shares sold in transaction (in shares) |
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301,673
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| Proceeds from issuance of preferred stock | $ |
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$ 6,900,000
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| Common stock issuance costs | $ |
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600,000
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| Dividend rate percentage |
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9.00%
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| Dividends issued on preferred stock | $ |
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$ 655,000
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$ 610,000
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| Liquidation price per share (in dollars per share) | $ / shares |
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$ 25.00
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$ 25.00
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$ 25.00
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| Deliverable limit, percentage of outstanding shares |
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19.99%
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19.99%
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19.99%
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| Common stock, share cap (in shares) |
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25,475,751
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25,475,751
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25,475,751
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| Minimum notice period |
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10 days
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| Preferred stock, redemption (in shares) |
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25,000
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0
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| Temporary equity, shares issued (in shares) |
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301,673
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301,673
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301,673
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301,673
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| Temporary equity, shares outstanding (in shares) |
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276,673
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276,673
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276,673
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301,673
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0
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| Series E Redeemable Preferred Stock | Preferred Stock, Redemption Period 1 |
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| Temporary Equity [Line Items] |
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| Percentage fee equal to stated value |
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9.00%
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9.00%
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9.00%
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| Series E Redeemable Preferred Stock | Preferred Stock, Redemption Period 2 |
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| Temporary Equity [Line Items] |
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| Percentage fee equal to stated value |
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7.00%
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7.00%
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7.00%
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| Series E Redeemable Preferred Stock | Preferred Stock, Redemption Period 3 |
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| Temporary Equity [Line Items] |
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| Percentage fee equal to stated value |
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5.00%
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5.00%
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5.00%
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| Series E Redeemable Preferred Stock | Preferred Stock, Redemption Period 4 |
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| Temporary Equity [Line Items] |
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| Percentage fee equal to stated value |
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0.00%
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0.00%
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0.00%
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| Series E-1 Redeemable Preferred Stock |
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| Temporary Equity [Line Items] |
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| Number of offerings | offering |
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8
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| Number of shares sold in transaction (in shares) |
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62,500
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| Proceeds from issuance of preferred stock | $ |
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$ 62,500,000
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| Dividend rate percentage |
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9.00%
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| Dividends issued on preferred stock | $ |
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$ 5,600,000
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$ 1,700,000
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| Deliverable limit, percentage of outstanding shares |
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19.99%
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19.99%
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19.99%
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| Common stock, share cap (in shares) |
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25,889,470
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25,889,470
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25,889,470
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| Minimum notice period |
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10 days
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| Preferred stock, redemption (in shares) |
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576
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15
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| Preferred stock, par value (in dollars per share) | $ / shares |
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$ 1,000
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| Temporary equity, shares issued (in shares) |
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62,500
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62,500
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62,500
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62,500
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| Temporary equity, shares outstanding (in shares) |
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61,909
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61,909
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61,909
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62,485
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0
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| Series E-1 Redeemable Preferred Stock | Private Placement |
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| Temporary Equity [Line Items] |
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| Number of shares sold in transaction (in shares) |
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62,500
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| Preferred stock, par value (in dollars per share) | $ / shares |
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$ 0.001
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| Series E-1 Redeemable Preferred Stock | Preferred Stock, Redemption Period 1 |
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| Temporary Equity [Line Items] |
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| Percentage fee equal to stated value |
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9.00%
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9.00%
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9.00%
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| Series E-1 Redeemable Preferred Stock | Preferred Stock, Redemption Period 2 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage fee equal to stated value |
|
|
|
|
|
|
|
|
|
|
7.00%
|
|
7.00%
|
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
| Series E-1 Redeemable Preferred Stock | Preferred Stock, Redemption Period 3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage fee equal to stated value |
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
5.00%
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
| Series E-1 Redeemable Preferred Stock | Preferred Stock, Redemption Period 4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage fee equal to stated value |
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
| Series G preferred stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares sold in transaction (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
835,800
|
|
78,000
|
|
|
|
|
|
|
|
|
| Proceeds from issuance of preferred stock | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 815,000,000.0
|
|
$ 75,000,000.0
|
|
|
|
|
|
|
|
|
| Percentage fee equal to stated value |
|
|
|
|
|
3.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
| Preferred stock, redemption (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
|
|
|
|
|
|
|
| Preferred stock, par value (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
$ 1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, convertible, transaction, terms |
|
|
|
|
|
|
|
|
36 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beneficial ownership limitation percent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.99%
|
|
|
| Conversion limitation percent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19.99%
|
|
|
| Preferred stock, convertible, exchange cap, limitation, terms (in months) |
|
|
|
|
|
|
|
|
18 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, convertible, redemption, threshold trading days |
|
|
|
|
|
|
|
|
10 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, convertible, redemption price, percentage |
|
|
|
|
|
|
|
|
110.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, convertible, conversion price, percentage |
|
|
|
|
|
|
|
|
95.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, convertible, conversion Price, threshold trading days |
|
|
|
|
|
|
|
|
5 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, convertible, conversion initial floor price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
$ 12.50
|
$ 4.25
|
|
|
|
|
|
|
|
|
|
|
|
$ 34.00
|
$ 22.00
|
|
|
|
| Conversion price (in dollars per share) | $ / shares |
|
|
|
|
|
$ 4.48
|
|
$ 4.33
|
$ 1.34
|
|
|
|
|
|
|
|
|
|
|
|
$ 4.33
|
|
|
|
|
| Preferred stock, convertible, shares issuable (in shares) |
|
|
|
|
|
|
|
|
236
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred equity purchase agreement, aggregate commitment, amount | $ |
|
|
|
|
|
$ 1,590,000,000
|
|
$ 300,000,000
|
$ 150,000,000
|
|
|
|
|
|
|
|
|
|
|
|
$ 590,000,000.0
|
|
|
$ 450,000,000.0
|
|
| Put issuance aggregate purchase price | $ |
|
$ 150,000,000
|
|
|
|
$ 75,000,000.0
|
|
$ 75,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, convertible, conversion maximum limits, amount | $ |
|
|
|
|
|
|
|
|
$ 30,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock, shares authorized (in shares) |
|
|
|
|
|
1,030,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
204,000
|
156,000
|
| Conversion of preferred stock (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
913,800
|
|
|
|
|
|
|
|
|
|
|
| Conversion of stock, shares converted (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Temporary equity, shares issued (in shares) |
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
0
|
|
78,000
|
|
|
|
|
|
|
|
|
| Temporary equity, shares outstanding (in shares) |
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
0
|
|
78,000
|
|
0
|
|
|
|
|
|
|
| Series G preferred stock | Private Placement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares sold in transaction (in shares) |
|
|
|
|
|
|
|
|
156,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary equity, shares outstanding (in shares) |
|
|
|
|
|
|
|
|
|
|
338,582
|
[1] |
338,582
|
[1] |
338,582
|
[1] |
442,158
|
[1],[2] |
0
|
[2] |
|
|
|
|
|
| Preferred Stock | Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares sold in transaction (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,825,000
|
|
|
|
|
|
|
|
|
|
|
| Dividend rate percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.75%
|
|
|
|
|
|
|
|
|
|
|
| Increase to dividend rate by weighted average interest rate (as percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.75%
|
|
|
|
|
|
|
|
|
|
|
| Invested capital liquidation preference multiple |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.80
|
|
|
|
|
|
|
|
|
|
|
| Increase invested capital liquidation preference multiple |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00
|
|
|
|
|
|
|
|
|
|
|
| Fixed annual rate (as percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.75%
|
|
|
|
|
|
|
|
|
|
|
| Preferred Stock | Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dividend rate percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16.75%
|
|
|
|
|
|
|
|
|
|
|
| Preferred Stock | Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC | Redeemable Noncontrolling Interest, Redemption Period One |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock basis spread on dividend rate (as percent) |
|
|
|
|
|
|
|
|
|
|
0.875%
|
|
0.875%
|
|
0.875%
|
|
|
|
|
|
|
|
|
|
|
| Preferred Stock | Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC | Redeemable Noncontrolling Interest, Redemption Period Three |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock basis spread on dividend rate (as percent) |
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
2.00%
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
| Preferred Stock | Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC | Redeemable Noncontrolling Interest, Redemption Period Two |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock basis spread on dividend rate (as percent) |
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
2.00%
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
| Common Stock | Amended and Restated Unit Purchase Agreement | MIP HPC Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Temporary Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares sold in transaction (in shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
144,593
|
|
|
|
|
|
|
|
|
|
|
|
|