v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net (loss) income $ (13,341) $ 5,230
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,109 2,631
Amortization of debt issuance costs 996 0
Straight-line rent adjustments, net (782) (465)
Equity-based compensation 3,418 2,561
Non-cash operating lease expense 4,580 3,348
Realized gain on available for sale investments (9) (54)
Paid-in-kind interest expense 537 0
Loss on disposition of assets 85 69
Unrealized gain on warrants (3,002) (19,274)
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses, and other assets (431) (272)
Accounts payable, accrued expenses, and other liabilities 407 232
Net cash used in operating activities (3,433) (5,994)
Cash flows from investing activities:    
Purchases of long-lived assets (2,426) (6,221)
Payments for cost of construction (62,232) (39,429)
Proceeds from disposition of long-lived assets 0 553
Investment in notes receivable, net 0 (121)
Purchases of available for sale investments (83,533) (164,640)
Purchases of held-to-maturity investments (31,359) 0
Proceeds from available for sale investments 83,542 152,699
Proceeds from held-to-maturity investments 0 2,356
Net cash used in investing activities (96,008) (54,803)
Cash flows from financing activities:    
Payments for debt issuance costs (3,906) 0
Payments for equity issuance costs (20) (90)
Payments of employee taxes related to vested equity awards (881) (777)
Net cash provided by (used in) financing activities 226,443 (1,457)
Net increase (decrease) in cash and restricted cash 127,002 (62,254)
Cash and restricted cash, beginning of period 37,024 94,359
Cash and restricted cash, end of period 164,026 32,105
Bonds Payable [Member]    
Cash flows from financing activities:    
Proceeds from Issuance of Long-Term Debt 150,000 0
Loans Payable [Member]    
Cash flows from financing activities:    
Proceeds from Issuance of Long-Term Debt 78,810 0
Loans Payable and Finance Leases [Member]    
Cash flows from financing activities:    
Principal payments for loans payable and finance leases (105) (871)
At Market Issuance Sales Agreement [Member]    
Cash flows from financing activities:    
Proceeds from issuance of shares $ 2,545 $ 281