v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Revenue:    
AI Cloud Revenue $ 200 $ 7
Bitcoin Mining revenue 28 233
Total revenue 228 240
Cost of revenue (exclusive of depreciation and amortization shown below):    
Total cost of revenue (46) (81)
Operating (expenses) income:    
Selling, general and administrative expenses (217) (138)
Research and development expenses (7) 0
Depreciation and amortization (148) (85)
Impairment of assets (2) (16)
Gain (loss) on disposal of property, plant and equipment 8 0
Other operating expenses (4) 0
Other operating income 2 4
Total operating (expenses) income (368) (236)
Operating (loss) income (186) (76)
Other (expense) income:    
Finance expense (73) (9)
Interest income 51 7
Increase (decrease) in fair value of assets held for sale (21) 0
Realized gain (loss) on financial instruments 0 (6)
Unrealized gain (loss) on financial instruments (28) 665
Foreign exchange gain (loss) (4) (5)
Total other (expense) income (75) 652
Income (loss) before taxes (261) 575
Income tax (expense) benefit (2) (191)
Net income (loss) $ (263) $ 385
Net income (loss) per share of Ordinary shares:    
Basic net income (loss) per share of Ordinary shares ( in USD per share) $ (0.66) $ 1.42
Basic weighted-average shares used in computing net income (loss) per share of Ordinary shares (in shares) 398,557,846 270,696,733
Diluted net income (loss) per share of Ordinary shares (in USD per share) $ (0.66) $ 1.08
Diluted weighted-average shares used in computing net income (loss) per share of Ordinary shares (in shares) 398,557,846 361,680,593
Other comprehensive income (loss):    
Gain (loss) on cash flow hedges, net of tax $ 23 $ 0
Change in foreign currency translation adjustments (4) (5)
Total comprehensive income (loss) (244) 379
AI Cloud Services    
Revenue:    
AI Cloud Revenue 135 7
Cost of revenue (exclusive of depreciation and amortization shown below):    
Total cost of revenue (17) (1)
AI Cloud Lease    
Revenue:    
AI Cloud Revenue 65 0
Cost of revenue (exclusive of depreciation and amortization shown below):    
Total cost of revenue (11) 0
Bitcoin Mining    
Cost of revenue (exclusive of depreciation and amortization shown below):    
Total cost of revenue $ (18) $ (80)