v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) (Variable Interest Entities) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 2,106,371 $ 461,836
Prepaid expenses and other 30,634 9,714
Total current assets 2,154,182 482,130
Deposits 12,602 15,234
Construction-in-process 1,235,160 789,571
Other long-term assets 33,478 13,520
Total assets 3,535,089 1,365,168
Liabilities    
Accounts payable 29,667 10,789
Accrued capital expenditures 173,961 119,303
Current portion of long-term debt 11,042 0
Other current liabilities 10,614 16,997
Total current liabilities 250,028 151,911
Long-term debt, net of issuance costs and current portion 217,376 172,837
Other long-term liabilities 1,749 11,407
Total liabilities 554,276 408,794
VIEs    
Assets    
Cash and cash equivalents 11 13,882
Prepaid expenses and other 8,787 545
Total current assets 8,798 14,427
Deposits 3,128 7,158
Construction-in-process 411,702 361,213
Other long-term assets 14,899 0
Total assets 438,527 382,798
Liabilities    
Accounts payable 33 0
Accrued capital expenditures 22,273 17,061
Current portion of long-term debt 11,042 0
Other current liabilities 60 2,970
Total current liabilities 33,408 20,031
Long-term debt, net of issuance costs and current portion 187,376 142,837
Other long-term liabilities 1,536 1,468
Total liabilities 222,320 164,336
Total net assets of consolidated VIEs $ 216,207 $ 218,462