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Business Segments (Tables) | 12 Months Ended
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May 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Revenue by segment (excluding the HPC Hosting Business as that segment has no revenue) was as follows (in thousands):
| Fiscal year ended
| May 31, 2024 |  | May 31, 2023
Data Center Hosting Business | $ | 136,618 |  |  | $ | 55,392 |
Cloud Services Business | 28,957 |  |  | — |
Total revenue | $ | 165,575 |  |  | $ | 55,392 |
We also provide the following additional segment disclosures (in thousands):
| Fiscal year ended
| May 31, 2024 |  | May 31, 2023
Depreciation and amortization: |  |  |
Data Center Hosting Business | $ | 19,948 |  |  | $ | 7,025 |
Cloud Services Business | 57,883 |  |  | 154 |
HPC Hosting Business | 1,233 |  |  | 59 |
Other (1) | 296 |  |  | 29 |
Total depreciation and amortization (2) | $ | 79,360 |  |  | $ | 7,267 |
Capital expenditures: |  |  |
Data Center Hosting Business | $ | 38,266 |  |  | $ | 135,946 |
Cloud Services Business | 80,082 |  |  | 390 |
HPC Hosting Business | 207,299 |  |  | 9,813 |
Other (1) | $ | 4,291 |  |  | $ | (1,164) |
Total capital expenditures | $ | 329,938 |  |  | $ | 144,985 |
(1)Other includes corporate related items not allocated to reportable segments. (2)Includes amortization of the finance lease right-of-use assets. Information on segment assets and a reconciliation to consolidated assets are as follows (in thousands):
| Fiscal year ended
| May 31, 2024 |  | May 31, 2023
Data Center Hosting Business | $ | 145,222 |  |  | $ | 224,447 |
Cloud Services Business | 374,216 |  |  | 3,127 |
HPC Hosting Business | 220,648 |  |  | 10,949 |
Total segment assets | 740,086 |  |  | 238,523 |
Other (1) | 22,781 |  |  | 25,434 |
Total assets | $ | 762,867 |  |  | $ | 263,957 |
(1) Other includes corporate related items not allocated to reportable segments.
Schedule of Segment Profit and a Reconciliation to Net Income (Loss) Before Income Tax Expenses | Segment profit (loss) and a reconciliation to net loss before income tax expenses is as follows (in thousands):
| Fiscal year ended
| May 31, 2024 |  | May 31, 2023
Segment profit (loss) |  |  |
Data Center Hosting Business (1) | $ | 4,660 |  |  | $ | (18,252) |
Cloud Services Business | (65,781) |  |  | (1,091) |
HPC Hosting Business | (4,817) |  |  | (246) |
Total segment loss | (65,938) |  |  | (19,589) |
Other (2) | (33,085) |  |  | (24,466) |
Operating loss | (99,023) |  |  | (44,055) |
Interest expense, net | 26,832 |  |  | 1,980 |
Change in fair value of debt | 7,401 |  |  | — |
Change in fair value of related party debt | 13,812 |  |  | — |
Loss on debt extinguishment | 2,507 |  |  | 94 |
Net loss before income tax expenses | $ | (149,575) |  |  | $ | (46,129) |
(1)The fiscal year ended May 31, 2024 includes $21.7 million loss on held for sale classification related to the sale of the Garden City facility, as well as $2.8 million of accelerated depreciation and $1.4 million of accelerated amortization related to damaged transformers at the Company’s Ellendale facility that have been rendered obsolete. See "Note 5 - Asset Disposition" and "Note 3 - Property and Equipment", respectively, for further discussion of these events. (2)Other includes corporate related items not allocated to reportable segments.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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