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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (1,366,000) $ (605,000)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 2,540,000 1,003,000
Amortization of debt discounts and issuance costs and accretion of redemption premiums 86,000 67,000
Stock-based compensation expense 318,000 329,000
Non-cash lease expense 365,000 144,000
Deferred income taxes 140,000 91,000
Gain on fair value adjustments 0 (27,000)
Other non-cash reconciling items 97,000 39,000
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable 607,000 (1,505,000)
Prepaid expenses and other assets (611,000) (70,000)
Accounts payable and accrued expenses 304,000 (289,000)
Deferred revenue 1,365,000 743,000
Lease liabilities (182,000) (110,000)
Net cash provided by (used in) operating activities 3,663,000 (190,000)
Cash flows from investing activities:    
Purchase of property and equipment, including capitalized internal-use software (14,117,000) (3,860,000)
Maturities and sales of marketable securities 18,000 29,000
Investments related to joint ventures (550,000) (32,000)
Purchase of strategic investments (138,000) 0
Sales of warrants received as lease incentive 0 101,000
Issuance of notes receivable 0 (73,000)
Business combination, net of cash acquired 0 (46,000)
Other investing activities (87,000) 6,000
Net cash used in investing activities (14,874,000) (3,875,000)
Cash flows from financing activities:    
Proceeds from issuance of debt, net 16,747,000 4,396,000
Repayments of debt (5,219,000) (1,575,000)
Purchase of capped calls related to convertible senior notes (492,000) 0
Issuance of common stock in private placements, net of issuance costs 2,982,000 0
Payment of tax withholdings on settlement of restricted stock units 0 (133,000)
Proceeds from initial public offering, net of underwriting discounts and commissions 0 1,491,000
Redeemable convertible preferred stock cash dividends paid 0 (29,000)
Other financing activities (33,000) (66,000)
Net cash provided by financing activities 13,985,000 4,084,000
Net increase (decrease) in cash, cash equivalents, and restricted cash 2,774,000 19,000
Cash, cash equivalents, and restricted cash—beginning of period 4,130,000 2,035,000
Cash, cash equivalents, and restricted cash—end of period 6,904,000 2,054,000
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of capitalized amounts 806,000 362,000
Non-cash investing and financing activities:    
Liabilities related to property and equipment additions, including OEM financed additions 9,796,000 2,155,000
Reclassification of liabilities related to property and equipment additions to debt upon execution of OEM financing arrangements 1,469,000 0
Operating lease right-of-use assets acquired through lease liability 8,359,000 969,000
Conversion of convertible promissory notes 195,000 0
Conversion of redeemable convertible preferred stock in connection with initial public offering 0 1,722,000
Issuance of common stock, restricted stock units, and restricted stock awards for business combinations 0 933,000
Issuance of common stock for contract incentive 0 350,000
Reclassification of warrant liabilities to equity 0 173,000
Reclassification of customer deposit to debt 0 230,000
Warrants received as lease incentive 0 90,000
Non-cash investments 0 72,000
Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated balance sheets:    
Cash and cash equivalents 5,524,000 1,153,000
Restricted cash and cash equivalents, current 873,000 560,000
Restricted cash and cash equivalents, non-current 507,000 341,000
Total cash, cash equivalents, and restricted cash $ 6,904,000 $ 2,054,000