v3.26.1
Segment Reporting - Summary of Significant Revenue Streams, Significant Segment Expenses and Other Segment Items (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]            
Total revenues $ 280,351   $ 244,751   $ 550,813 $ 477,510
Significant Segment Expenses:            
Utilities (52,853)   (44,905)   (107,661) (89,945)
Real estate (22,531)   (29,293)   (45,567) (59,247)
Personnel (22,403)   (19,148)   (44,903) (39,612)
Property taxes (9,884)   (6,857)   (21,540) (15,021)
Repairs and maintenance (7,475)   (8,067)   (15,022) (13,880)
Selling, marketing, general and administrative (35,170)   (22,720)   (60,892) (45,648)
Gain on lease modification 40,043   0   40,043 51
Transaction and other costs (3,274)   (1,757)   (13,783) (4,584)
Depreciation and amortization (89,581)   (64,151)   (174,079) (127,884)
Other (loss) income, net (2,933)   1,929   (5,551) 1,625
Loss on extinguishment of debt 0   0   0 (5,313)
Interest expense (92,826)   (51,566)   (181,189) (106,119)
Income tax (expense) benefit (12,231)   2,199   (482) 7,657
Other segment items [1] (18,060)   (14,343)   (34,967) (28,433)
Net loss (48,827) $ (65,953) (13,928) $ (34,915) (114,780) (48,843)
Colocation            
Segment Reporting [Line Items]            
Total revenues 210,616   179,313   413,957 354,558
Interconnection            
Segment Reporting [Line Items]            
Total revenues 24,661   27,493   49,614 54,034
Other            
Segment Reporting [Line Items]            
Total revenues 12,580   12,885   25,603 22,498
Non-recurring            
Segment Reporting [Line Items]            
Total revenues [2] 12,345   12,028   19,701 21,005
Metered Power Revenues            
Segment Reporting [Line Items]            
Total revenues $ 20,149   $ 13,032   $ 41,938 $ 25,415
[1] Other segment items are primarily comprised of cost of revenues related to data center security services, commissions paid to third-party business partners, and other professional services associated with site management.
[2] Our non-recurring revenues consist of installation services and other one-time charges such as termination fees and storage fees. These services are considered to be non-recurring because they are billed typically once, upon completion of the installation, professional service work performed, or based on customer consumption of power, rather than on a fixed, recurring basis.