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Business Segments (Tables)

6 Months Ended

Nov. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Revenue by segment (excluding HPC hosting as that segment has no revenue) was as follows (in thousands):

			Three Months Ended															Six Months Ended
			November 30, 2023						November 30, 2022									November 30, 2023						November 30, 2022
Datacenter hosting segment			$	37,753					$	12,340								$	71,925					$	19,264
Cloud services segment			4,450						—									6,602						—
Total revenue			$	42,203					$	12,340								$	78,527					$	19,264

We also provide the following additional segment disclosures (in thousands):

			Three Months Ended															Six Months Ended
			November 30, 2023						November 30, 2022									November 30, 2023						November 30, 2022
Depreciation and amortization:
Datacenter hosting segment			$	4,365					$	1,568								$	7,564					$	2,692
Cloud services segment			8,782						—									13,290						—
HPC hosting segment			184						—									311						—
Other (1)			93						—									119						12
Total depreciation and amortization			$	13,424					$	1,568								$	21,284					$	2,704

(1) Other includes corporate related items not allocated to reportable segments.

Information on segment assets and a reconciliation to consolidated assets are as follows (in thousands):

			November 30, 2023						May 31, 2023
Datacenter hosting segment			$	232,747					$	224,447
Cloud services segment			166,536						3,127
HPC hosting segment			54,748						10,949
Total segment assets			454,031						238,523
Other (1)			26,623						25,434
Total assets			$	480,654					$	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):

			Three Months Ended															Six Months Ended
			November 30, 2023						November 30, 2022									November 30, 2023						November 30, 2022
Segment Profit (Loss):
Datacenter hosting segment			$	10,846					$	(14,236)								$	19,804					$	(15,101)
Cloud services segment			(11,719)						—									(19,129)						—
HPC hosting segment			(908)						—									(1,662)						—
Total segment loss			(1,781)						(14,236)									(987)						(15,101)
Other (1)			(6,393)						(12,462)									(14,613)						(15,785)
Interest expense, net			2,355						364									4,430						709
Loss on debt extinguishment			—						—									2,353						94
Net loss before income tax expenses			$	(10,529)					$	(27,062)								$	(22,383)					$	(31,689)

(1) Other includes corporate related items not allocated to reportable segments.

X

- 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

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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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.

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