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PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

May 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

Property and equipment consisted of the following as of May 31, 2023 and 2022:

(in thousands)						Estimated Useful Life						May 31, 2023						May 31, 2022
Hosting Equipment
Electric Generation and Transformers						15 years						$	4,655					$	4,338
Other Equipment and Fixtures						6 years						1,685						588
Construction in Progress												106,226						18,305
Information Systems and Software						5 years						21,173						9,608
Land & Building
Land												2,152						1,074
Land Improvements						15 years						1,293						1,180
Building						39 years						63,350						30,176
Total cost of property and equipment												200,534						65,269
Accumulated Depreciation												(4,940)						(1,009)
Property and Equipment, Net												$	195,593					$	64,260

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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