v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Revenue:      
Total revenue $ 707,007 $ 501,023 $ 187,192
Cost of revenue (exclusive of depreciation and amortization shown below):      
Total segment and consolidated cost of revenue (219,706) (158,992) (87,067)
Operating (expenses) income:      
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) 0
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
Total operating (expenses) income (1,534,014) (324,704) (127,359)
Operating (loss) income (1,046,714) 17,327 (27,234)
Other (expense) income:      
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) 0
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 0 9,093 0
Debt conversion inducement expense (111,799) 0 0
Foreign exchange gain (loss) (10,273) (1,339) (4,747)
Other non-operating income 72 817 108
Total other (expense) income 338,029 76,173 1,767
Income (loss) before taxes (708,683) 93,501 (25,467)
Income tax (expense) benefit 6,062 (6,560) (3,453)
Net income (loss) $ (702,621) $ 86,941 $ (28,920)
Net income (loss) per share of Ordinary shares:      
Basic net income (loss) per share of Ordinary shares ( in USD per share) $ (2.22) $ 0.41 $ (0.29)
Basic weighted-average shares used in computing net income (loss) per share of Ordinary shares (in shares) 316,123,145 214,586,767 99,640,920
Diluted net income (loss) per share of Ordinary shares (in USD per share) $ (2.22) $ 0.39 $ (0.29)
Diluted weighted-average shares used in computing net income (loss) per share of Ordinary shares (in shares) 316,123,145 223,245,651 99,640,920
Other comprehensive income (loss):      
Gain (loss) on cash flow hedges, net of tax $ 3,141 $ 0  
Change in foreign currency translation adjustments, net of tax (14,492) 4,921 $ (339)
Total other comprehensive income (loss), net of tax (11,351) 4,921 (339)
Total comprehensive income (loss) (713,972) 91,862 (29,259)
AI Cloud      
Revenue:      
Total revenue 128,795 16,394 3,105
Cost of revenue (exclusive of depreciation and amortization shown below):      
Total segment and consolidated cost of revenue (16,932) (1,319) (379)
Bitcoin Mining      
Revenue:      
Total revenue 578,212 484,629 184,087
Cost of revenue (exclusive of depreciation and amortization shown below):      
Total segment and consolidated cost of revenue $ (202,774) $ (157,673) $ (86,688)