v3.26.1
Property, Plant, and Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant, and Equipment Property, Plant, and Equipment
Property, plant, and equipment, net consisted of the following:
June 30,
2026
December 31,
2025
Construction in progress$1,539,249 $929,371 
Land8,607 5,924 
Gross property, plant, and equipment1,547,856 935,295 
Less: accumulated depreciation— — 
Total property, plant, and equipment, net$1,547,856 $935,295 
As of June 30, 2026, the Company’s property, plant, and equipment, net consisted entirely of land and construction in progress. No depreciable property, plant, and equipment had been placed in service, and accordingly, no depreciation expense was recognized during the six months ended June 30, 2026. We capitalized $31,118 of share-based compensation during the six months ended June 30, 2026, as the related employee services were attributable to the Company’s construction activities. Interest expense of $25,776 was capitalized during the six months ended June 30, 2026, all of which is included within property, plant, and equipment, net on the unaudited condensed consolidated balance sheet.