v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 5,895,591 $ 564,526
Restricted cash, current portion 1,670,252 0
Accounts receivable, net 21,062 1,564
Deposits and prepaid expenses 189,140 45,908
Derivative assets 0 5,756
Assets held for sale 72,540 0
Income taxes receivable 1,122 2,581
Other assets 36,469 20,838
Total current assets 7,886,176 641,173
Non-current assets    
Property, plant and equipment, net 6,753,183 1,930,567
Intangible assets, net 317,432 0
Goodwill 36,577 0
Operating lease right-of-use asset, net 2,720 1,463
Restricted cash, less current portion 53,684 0
Deposits and prepaid expenses 265,956 32,916
Financial assets 0 211,617
Derivative assets 415,641 122,100
Other assets 58,670 486
Total non-current assets 7,903,863 2,299,150
Total assets 15,790,039 2,940,323
Current liabilities    
Accounts payable and accrued expenses 1,825,392 144,115
Operating lease liability, current portion 555 404
Finance lease liability, current portion 125,340 0
Debt, current portion 169,370 0
Income taxes payable, current portion 0 0
Deferred revenue, current portion 46,491 884
Other liabilities, current portion 53,952 3,945
Total current liabilities 2,221,100 149,347
Non-current liabilities    
Operating lease liability, less current portion 2,231 1,063
Finance lease liability, less current portion 118,456 0
Debt, less current portion 7,423,574 962,765
Deferred revenue, less current portion 1,796,055 0
Deferred tax liabilities 30,832 7,971
Income taxes payable, less current portion 4,283 1,454
Other liabilities, less current portion 7,894 234
Total non-current liabilities 9,383,326 973,488
Total liabilities 11,604,426 1,122,835
Commitments and contingencies (See Note 29)
Stockholders' equity    
Additional paid-in capital (1,647,061) 88,672
Retained earnings (accumulated deficit) (1,298,789) (596,167)
Accumulated other comprehensive income (loss) (41,424) (30,073)
Total stockholders' equity 4,185,613 1,817,488
Total liabilities and stockholders' equity $ 15,790,039 $ 2,940,323
Class A common stock    
Non-current liabilities    
Common stock, par value (in USD per share) $ 0 $ 0
Stockholders' equity    
Common stock per class $ 7,172,887 $ 2,355,056
Class B common stock    
Non-current liabilities    
Common stock, par value (in USD per share) $ 0 $ 0
Stockholders' equity    
Common stock per class $ 0 $ 0