| Cost of revenue |
Note 5. Cost of revenue The components of cost of revenue (exclusive of depreciation and amortization) are as follows: | | | | | | | | | | | | | | | | | | | Year ended June 30, 2026 | | (in USD thousands) | AI Cloud | | Bitcoin Mining | | Total | | Electricity | $ | 4,502 | | | $ | 186,576 | | | $ | 191,078 | | | Employee benefits | 8,538 | | | 11,804 | | | 20,342 | | | Other direct expenses | 3,892 | | | 4,394 | | | 8,286 | | | Total cost of revenue | $ | 16,932 | | | $ | 202,774 | | | $ | 219,706 | |
| | | | | | | | | | | | | | | | | | | Year ended June 30, 2025 | | (in USD thousands) | AI Cloud | | Bitcoin Mining | | Total | | Electricity | $ | 249 | | | $ | 147,805 | | | $ | 148,054 | | | Employee benefits | 823 | | | 7,520 | | | 8,343 | | | Other direct expenses | 247 | | | 2,348 | | | 2,595 | | | Total cost of revenue | $ | 1,319 | | | $ | 157,673 | | | $ | 158,992 | |
| | | | | | | | | | | | | | | | | | | Year ended June 30, 2024 | | (in USD thousands) | AI Cloud | | Bitcoin Mining | | Total | | Electricity | $ | 42 | | | $ | 81,563 | | | $ | 81,605 | | | Employee benefits | 283 | | | 3,912 | | | 4,195 | | | Other direct expenses | 54 | | | 1,213 | | | 1,267 | | | Total cost of revenue | $ | 379 | | | $ | 86,688 | | | $ | 87,067 | |
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