v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Operating activities      
Net income (loss) $ (702,621) $ 86,941 $ (28,920)
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:      
Depreciation and amortization 417,729 181,136 50,470
Impairment of assets 638,805 7,223 0
Increase (decrease) in fair value of assets held for sale 110,622 2,160 0
Other non-operating income 0 0 (108)
Realized gain (loss) on financial asset 8,667 4,215 (4,121)
Unrealized (gain) loss on financial instrument (558,541) (77,518) 3,448
Debt conversion inducement expense 111,799 0 0
Other (income) expense 0 11,811 0
Other finance expense 0 586 0
(Gain) loss on disposal of property, plant and equipment 24,908 (4,002) (43)
Foreign exchange loss (gain) 9,919 3,821 (3,507)
Gain on partial extinguishment of financial liabilities 0 (9,093) 0
Amortization of debt issuance costs 9,408 1,400 0
Stock-based compensation expense 205,023 42,642 23,636
Changes in assets and liabilities:      
Accounts receivable and other receivables (29,434) (9,656) (5,588)
Financial asset, current 0 6,530 0
Accounts payable and accrued expenses 38,017 16,689 10,072
Other assets 494 0
Tax related receivables 0 (2,581) 0
Tax related liabilities (9,136) 4,911 1,357
Other liabilities 49,506 2,718 409
Deferred revenue 1,841,662 (1,674) 2,558
Prepayments and deposits (67,727) (22,227) 2,940
Operating lease liabilities 1,319 (146) (384)
Net cash from (used in) operating activities 2,100,418 245,886 52,219
Investing activities      
Payments for property, plant and equipment, net of computer hardware (2,998,006) (573,456) (141,855)
Payments for computer hardware (1,335,081) (799,171) (338,054)
Payments for intangible assets (107,573) 0 0
Payments for other prepayments and deposits (203,439) (19,502) (18,600)
Proceeds from disposal of property, plant and equipment 23,782 11,172 43
Deposits paid for right-of-use assets (10,184) 0 0
Payment for the acquisition of subsidiaries (92,483) 0 0
Proceeds from release of deposits 0 470 0
Net cash from (used in) investing activities (4,722,984) (1,380,487) (498,466)
Financing activities      
Payment for induced conversion of convertible notes (1,623,484) 0 0
Proceeds from loan funded shares 658 876 503
Proceeds from exercise of options 6,597 0 0
Proceeds from convertible notes 6,299,555 701,211 0
Proceeds from financing facilities 938,000 0 0
Repayment of debt (9,213) 0 0
Payment of capped call transactions (448,922) 0 0
Settlement of capped call transactions 38,812 0 0
Repayment of finance lease liabilities (48,876) 0 0
Payment of borrowing transaction costs (165,536) (8,088) 0
Net cash from (used in) financing activities 9,680,050 1,294,735 782,626
Net increase (decrease) in cash, cash equivalents and restricted cash 7,057,484 160,134 336,379
Cash, cash equivalents and restricted cash — beginning of period 564,526 404,601 68,894
Effects of exchange rate changes on cash, cash equivalents and restricted cash (2,483) (209) (672)
Cash, cash equivalents and restricted cash — end of period 7,619,527 564,526 404,601
Supplemental cash flow information:      
Cash paid for interest (42,639) (7,634) (213)
Cash paid for income taxes (2,696) 0 (1,419)
Supplemental schedule of non-cash investing and financing activities:      
Additions to right-of-use assets in exchange for lease liability 291,592 1,686 347
Stock-based compensation - third party issuance 0 0 319
Reclassification of property and equipment to equipment held for sale 204,762 23,222 0
Property and equipment obtained in exchange transactions 0 49,207 0
Restricted stock units      
Supplemental schedule of non-cash investing and financing activities:      
Issuance of Ordinary shares - restricted stock unit and option settlements 73,564 1,178 0
Commited equity facility      
Financing activities      
Payments of offering costs for committed equity facility and issuance of Ordinary shares 0 0 (213)
Proceeds from committed equity facility and issuance of Ordinary shares 0 0 51,352
Ordinary shares      
Financing activities      
Payments of offering costs for committed equity facility and issuance of Ordinary shares (50,380) (1,069) (733)
Proceeds from committed equity facility and issuance of Ordinary shares $ 4,742,839 $ 601,805 $ 731,717