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Business Segments (Tables)
 9 Months Ended
Feb. 29, 2024
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 EndedNine Months Ended
February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Datacenter hosting segment$37,795 $14,090 $109,720 $33,354 
Cloud services segment
5,553 — 12,156 — 
Total revenue$43,348 $14,090 $121,876 $33,354 
We also provide the following additional segment disclosures (in thousands):
Three Months EndedNine Months Ended
February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Depreciation and amortization:
Datacenter hosting segment$9,162 $1,904 $16,902 $4,596 
Cloud services segment
16,534 13 29,824 13 
HPC hosting segment407 1 717 1 
Other (1)
102 8 221 20 
Total depreciation and amortization (2)
$26,205 $1,926 $47,664 $4,630 
(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):
February 29, 2024May 31, 2023
Datacenter hosting segment$218,698 $224,447 
Cloud services segment
297,561 3,127 
HPC hosting segment103,896 10,949 
Total segment assets620,155 238,523 
Other (1)
23,013 25,434 
Total assets$643,168 $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 EndedNine Months Ended
February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Segment loss:
Datacenter hosting segment (1)
$(24,443)$(3,117)$(4,647)$(18,218)
Cloud services segment
(21,565)(741)(40,694)(741)
HPC hosting segment(1,445)(18)(3,106)(18)
Total segment loss(47,453)(3,876)(48,447)(18,977)
Other (2)
(8,369)(3,113)(22,973)(18,898)
Operating loss(55,822)(6,989)(71,420)(37,875)
Interest expense, net4,404 352 8,836 1,061 
Loss on change in fair value of related party debt2,612 — 2,612 — 
Loss on debt extinguishment— — 2,353 94 
Net loss before income tax expenses$(62,838)$(7,341)$(85,221)$(39,030)
(1)The three and nine months ended February 29, 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 13 - Assets Held for Sale and Note 3 - Property and Equipment, respectively, for further discussion of these events.
(2)Other includes corporate related items not allocated to reportable segments.