| Components of property and equipment |
The components of property and equipment were as follows: | | | | | | | | | | | | | (in USD thousands) | June 30, 2026 | | June 30, 2025 | | GPU Hardware | $ | 2,034,811 | | | $ | 76,001 | | | Buildings | 864,255 | | | 639,750 | | | Right-of-use assets - Finance lease | 301,848 | | | — | | | Other PPE | 69,237 | | | 10,002 | | | Land | 139,074 | | | 13,086 | | | Leasehold improvements | 32 | | | 43 | | | Construction in progress | 3,657,072 | | | 237,734 | | | Mining hardware | 596,988 | | | 1,135,584 | | | Property and equipment, gross | $ | 7,663,316 | | | $ | 2,112,200 | | | Less: Accumulated depreciation | (425,643) | | | (181,246) | | | Less: Accumulated impairment | (484,491) | | | (385) | | Property and equipment, net | $ | 6,753,183 | | | $ | 1,930,567 | |
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