Prepaid expenses and other current assets were $56.3 million as of September 30, 2026, primarily consisting of receivables from utilities for cash deposits replaced with letters of credit, as well as the fair value of the 806,439,900 shares of Canaan Inc. common stock, acquired on February 19, 2026, as part of the sale of the Company’s WindHQ JV sites and certain mining rigs located at the Black Pearl Facility to Canaan.

Prepaid expenses and other current assets were $8.0 million at December 31, 2025, consisting primarily of prepaid insurance.

Other noncurrent assets were $555.1 million, and $562.0 million as of September 30, 2026, and December 31, 2025, respectively. The balance primarily consisted of an asset of $544.5 million at both periods representing the value of Google agreeing to make the lease payments from Fluidstack in the event of Fluidstack not fulfilling its obligations under the lease. The Company will amortize this asset over the life of the lease on a straight-line basis to recognize the benefit over the term of the benefit derived from the backstop.


	September 30, 2026		December 31, 2025
Construction costs	$	507,066	$	36,081
Accrued interest	77,606		16,892
Contingent liabilities	21,858		14,650
Employee compensation	10,200		5,847
Professional fees	4,970		3,994
Taxes	2,487		9,310
Power costs	2,403		2,622
Other	2,180		690

Total accrued expenses and other current liabilities	$	628,770	$	90,086