v3.26.3
Business Segments - Schedule of Segment Profit (Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Revenue:    
Services and other revenue $ 262,755 $ 80,934
Data center rental and other revenue 79,120 0
Total revenue 341,875 80,934
Costs and expenses:    
Data center rental and other cost of revenue 43,862 140
Selling, general and administrative [1] 114,683 29,482
Loss on abandonment of assets 0 2,243
Total costs and expenses 404,254 90,696
Operating loss (62,379) (9,762)
Data Center Hosting Business    
Revenue:    
Services and other revenue 37,755 37,921
Data center rental and other revenue 0 0
Total revenue 37,755 37,921
Costs and expenses:    
Services and other cost of revenue 23,978 30,409
Data center rental and other cost of revenue 0 0
Selling, general and administrative 450 965
Loss on abandonment of assets   512
Total costs and expenses 24,428 31,886
Operating loss 13,327 6,035
HPC Hosting Business    
Revenue:    
Services and other revenue 183,518 26,296
Data center rental and other revenue 79,120 0
Total revenue 262,638 26,296
Costs and expenses:    
Services and other cost of revenue 176,100 25,044
Data center rental and other cost of revenue 43,861 140
Selling, general and administrative 9,246 1,894
Loss on abandonment of assets   1,240
Total costs and expenses 229,207 28,318
Operating loss $ 33,431 $ (2,022)
[1] Includes related party selling, general and administrative expense of $49.7 thousand and $74.3 thousand for the three months ended August 31, 2026 and August 31, 2025, respectively. See Note 7 - Related Party Transactions for further discussion of related party transactions.