| Schedule of Segment Reporting Information, by Segment |
The following table presents revenue and cost of revenue for the Group’s reportable segments, reconciled to the Consolidated Statements of Operations and Comprehensive Income (Loss): | | | | | | | | | | | | | | | | | | | Year Ended, | | (in USD thousands) | 2026 | | 2025 | | 2024 | | Reportable segment revenue | | | | | | | AI Cloud Services revenue | $ | 128,795 | | | $ | 16,394 | | | $ | 3,105 | | | Bitcoin mining revenue | 578,212 | | 484,629 | | 184,087 | | Total segment and consolidated revenue | 707,007 | | 501,023 | | 187,192 | | | | | | | | Reportable segment cost of revenue (exclusive of depreciation and amortization shown below): | | | | | | | AI Cloud Services | (16,932) | | (1,319) | | (379) | | Bitcoin mining | (202,774) | | (157,673) | | (86,688) | | Total segment and consolidated cost of revenue | (219,706) | | (158,992) | | (87,067) | | | | | | | | Total segment gross profit (loss) | 487,301 | | 342,031 | | 100,125 | | | | | | | | Reconciling items: | | | | | | | Selling, general and administrative expenses | (449,115) | | (136,458) | | (70,424) | | Depreciation and amortization | (417,729) | | (181,136) | | (50,470) | | Impairment of assets | (638,805) | | (7,223) | | — | | Gain (loss) on disposal of property, plant and equipment | (24,908) | | 4,002 | | 43 | | Other operating expenses | (15,157) | | (13,302) | | (8,074) | | Other operating income | 11,699 | | 9,413 | | 1,566 | | Finance expense | (59,251) | | (11,045) | | (98) | | Interest income | 80,631 | | 7,504 | | 5,831 | | Increase (decrease) in fair value of assets held for sale | (110,622) | | (2,160) | | — | | Realized gain (loss) on financial instruments | (9,269) | | (4,215) | | 4,121 | | Unrealized gain (loss) on financial instruments | 558,541 | | 77,518 | | (3,448) | | Gain on partial extinguishment of financial liabilities | — | | 9,093 | | — | | Debt conversion inducement expense | (111,799) | | — | | — | | Foreign exchange gain (loss) | (10,273) | | (1,339) | | (4,747) | | Other non-operating income | 72 | | 817 | | 108 | | Other non-operating expense | — | | — | | — | | Income tax (expense) benefit | 6,062 | | (6,560) | | (3,453) | | Net income (loss) | $ | (702,621) | | | $ | 86,941 | | | $ | (28,920) | | | | | | | |
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| Schedule of Revenue and Long-lived Assets, by Geographical Location |
Disaggregated revenue data by geographical region based on the location of the contracting entity is as follows: | | | | | | | | | | | | | | | | | | | Years ended June 30, | | (in USD thousands) | 2026 | | 2025 | | 2024 | | Australia | $ | 578,212 | | | $ | 484,629 | | | $ | 184,087 | | | United States | — | | | — | | | — | | | Canada | 128,795 | | | 16,394 | | | 3,105 | | | Total revenue | $ | 707,007 | | | $ | 501,023 | | | $ | 187,192 | |
Long-lived assets, excluding deferred tax assets, are located in the following geographical locations: | | | | | | | | | | | | | (in USD thousands) | June 30, 2026 | | June 30, 2025 | | Australia | $ | 68,185 | | | $ | 1,748 | | | United States | 5,339,815 | | | 1,626,521 | | | Canada | 1,807,601 | | | 337,162 | | | Spain | 218,937 | | | — | | | Total long-lived assets | $ | 7,434,538 | | | $ | 1,965,431 | |
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