v3.26.1
Segment information - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Reportable segment revenue      
Total segment and consolidated revenue $ 707,007 $ 501,023 $ 187,192
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):      
Total segment and consolidated cost of revenue (219,706) (158,992) (87,067)
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) 0
Gain (loss) on disposal of property, plant and equipment (24,908) 4,002 43
Other transaction costs (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) 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)
Income tax (expense) benefit 6,062 (6,560) (3,453)
Net income (loss) (702,621) 86,941 (28,920)
Operating Segments      
Reportable segment revenue      
Total segment and consolidated revenue 707,007 501,023 187,192
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):      
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) 0
Gain (loss) on disposal of property, plant and equipment (24,908) 4,002 43
Other transaction costs (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) 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
Other non-operating expense 0 0 0
Income tax (expense) benefit 6,062 (6,560) (3,453)
Net income (loss) (702,621) 86,941 (28,920)
Operating Segments | AI Cloud      
Reportable segment revenue      
Total segment and consolidated revenue 128,795 16,394 3,105
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):      
Total segment and consolidated cost of revenue (16,932) (1,319) (379)
Operating Segments | Bitcoin Mining      
Reportable segment revenue      
Total segment and consolidated revenue 578,212 484,629 184,087
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):      
Total segment and consolidated cost of revenue $ (202,774) $ (157,673) $ (86,688)