The components of cost of revenue (exclusive of depreciation and amortization) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | | (in USD millions) | AI Cloud Services | | AI Cloud Lease | | Total AI Cloud | | Bitcoin Mining | | Total | Electricity | $ | 3 | | | $ | 4 | | | $ | 7 | | | $ | 14 | | | $ | 21 | | Employee benefits | 9 | | | 3 | | | 12 | | | 2 | | | 14 | | Other direct expenses | 5 | | | 4 | | | 9 | | | 2 | | | 11 | | | Total cost of revenue | $ | 17 | | | $ | 11 | | | $ | 28 | | | $ | 18 | | | $ | 46 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | (in USD millions) | AI Cloud Services | | AI Cloud Lease | | Total AI Cloud | | Bitcoin Mining | | Total | Electricity | $ | — | | | $ | — | | | $ | — | | | $ | 76 | | | $ | 76 | | Employee benefits | 1 | | | — | | | 1 | | | 3 | | | 4 | | Other direct expenses | — | | | — | | | — | | | 1 | | | 1 | | | Total cost of revenue | $ | 1 | | | $ | — | | | $ | 1 | | | $ | 80 | | | $ | 81 | |
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