v3.26.1
Debt, net (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The table below summarizes the Company’s debt:
As of June 30, 2026As of December 31, 2025
MaturityAmountsEffective interest rateAmountsEffective interest rate
Macquarie Term Loan2026$— — %$148,986 48.9 %
Turbine Warehouse Equipment Financing2027444,867 12.2 %— — 
High Voltage Equipment Financing203177,348 14.1 %— — 
Turbine Warehouse II Equipment Financing202814,689 17.0 %— — 
Total debt$536,904 $148,986 
Less: Unamortized debt issuance costs and discount(16,813)(39,187)
Total debt, net$520,091 $109,799