v3.26.3
Segment information
 3 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment information
Note 3. Segment information
The Group’s significant expense categories and amounts that are regularly provided to, and used by, the Chief Operating Decision Maker (“CODM”) in assessing performance and allocating resources and that are included in each reported measure of segment profit or loss are presented by reportable segments in Note 5. Cost of revenue.
The following table presents revenue and cost of revenue for the Group’s reportable segments, reconciled to the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss):
(in USD millions)Three Months Ended
September 30,
20262025
Reportable segment revenue
AI Cloud$200 $7 
Bitcoin Mining28 233 
Total segment and consolidated revenue228 240 
Reportable segment cost of revenue (exclusive of depreciation and amortization shown below):
AI Cloud(28)(1)
Bitcoin Mining(18)(80)
Total segment and consolidated cost of revenue(46)(81)
Total segment gross profit (loss)182 160 
Reconciling items:
Selling, general and administrative expenses(217)(138)
Research and development expenses(7)— 
Depreciation and amortization(148)(85)
Impairment of assets(2)(16)
Gain (loss) on disposal of property, plant and equipment8 — 
Other operating expenses(4)— 
Other operating income2 4 
Finance expense(73)(9)
Interest income51 7 
Increase (decrease) in fair value of assets held for sale (21)— 
Realized gain (loss) on financial instruments— (6)
Unrealized gain (loss) on financial instruments(28)665 
Foreign exchange gain (loss)(4)(5)
Income tax (expense) benefit(2)(191)
Net income (loss)$(263)$385