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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 1,032,263 $ 564,526
Accounts receivable, net 24,139 1,564
Deposits and prepaid expenses 53,275 45,908
Derivative assets 2,910 5,756
Income taxes receivable 0 2,581
Other receivables 11,353 20,838
Total current assets 1,123,940 641,173
Non-current assets    
Property, plant and equipment, net 2,115,436 1,930,567
Operating lease right-of-use asset, net 1,425 1,463
Deposits and prepaid expenses 30,456 32,916
Financial assets 681,400 211,617
Derivative assets 314,400 122,100
Other non-current assets 317 486
Total non-current assets 3,143,434 2,299,150
Total assets 4,267,374 2,940,323
Current liabilities    
Accounts payable and accrued expenses 151,874 144,115
Operating lease liability, current portion 400 404
Income taxes payable, current portion 134 0
Deferred revenue, current portion 1,107 884
Other liabilities, current portion 50,230 3,945
Total current liabilities 203,745 149,347
Non-current liabilities    
Operating lease liability, less current portion 1,023 1,063
Convertible notes payable 964,209 962,765
Deferred revenue, less current portion 22,234 0
Deferred tax liabilities 195,411 7,971
Income taxes payable, less current portion 1,957 1,454
Other liabilities, less current portion 2,628 234
Total non-current liabilities 1,187,462 973,488
Total liabilities 1,391,207 1,122,835
Commitments and contingencies (See Note 19)
Stockholders’ equity    
Additional paid-in capital 157,666 88,672
Retained earnings (accumulated deficit) (211,556) (596,167)
Accumulated other comprehensive income (loss) (35,531) (30,073)
Total stockholders’ equity 2,876,167 1,817,488
Total liabilities and stockholders’ equity 4,267,374 2,940,323
Ordinary shares    
Stockholders’ equity    
Common stock per class 2,965,588 2,355,056
Class B shares    
Stockholders’ equity    
Common stock per class $ 0 $ 0