| Schedule of Property and Equipment |
Property and equipment consisted of the following as of August 31, 2026 and May 31, 2026 (in thousands): | | | | | | | | | | | | | | | | | | | Estimated Useful Life | | August 31,
2026 | | May 31,
2026 | Networking equipment, electrical equipment, and software | 3 years - 5 years | | $ | 40,425 | | | $ | 38,669 | | Mechanical infrastructure | 20 years | | 194,896 | | | 71,939 | | Electrical infrastructure | 15 years | | 237,495 | | | 104,491 | | | Electric generation and transformers | 15 years - 30 years | | 344,021 | | | 188,110 | | | Land and building | | | | | | | Building | 39 years | | 471,239 | | | 279,308 | | Building improvements | 15 years - 25 years | | 1,085,386 | | | 682,348 | | | Land | | | 150,363 | | | 59,713 | | | Land improvements | 15 years | | 109,095 | | | 43,786 | | | Leasehold improvements | 3 years - 7 years | | 1,142 | | | 1,142 | | | Construction in progress | | | 3,670,267 | | | 2,776,232 | | | Other equipment and fixtures | 5 years - 10 years | | 132,918 | | | 68,128 | | | Total cost of property and equipment | | | 6,437,247 | | | 4,313,866 | | | Accumulated depreciation | | | (106,836) | | | (77,566) | | | Property and equipment, net | | | $ | 6,330,411 | | | $ | 4,236,300 | |
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