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Property and Equipment, Net
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net, consisted of the following (in thousands):
September 30,
2025		December 31,
2024
Technology equipment$14,628,790 $9,146,575 
Software541,567 139,508 
Data center equipment and leasehold improvements1,139,095 384,372 
Furniture, fixtures, and other assets14,241 8,684 
Construction in progress6,910,066 3,200,866 
Total property and equipment23,233,759 12,880,005 
Less: accumulated depreciation and amortization(2,574,578)(965,231)
Total property and equipment, net$20,659,181 $11,914,774 
Depreciation and amortization on property and equipment was $621 million and $253 million for the three months ended September 30, 2025 and 2024, respectively, and $1.6 billion and $496 million for the nine months ended September 30, 2025 and 2024, respectively.
The Company capitalized $19 million and $10 million of software development costs during the three months ended September 30, 2025 and 2024, respectively, and $62 million and $22 million during the nine months ended September 30, 2025 and 2024, respectively.
The Company capitalizes interest associated with the construction of data centers and purchases of related technology equipment. There was $62 million and $35 million of interest capitalized during the three months ended September 30, 2025 and 2024, respectively, and $98 million and $108 million of interest capitalized during the nine months ended September 30, 2025 and 2024, respectively.