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v3.25.2

Business Segments - Schedule of Segment Profit (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
May 31, 2025 | May 31, 2024 | May 31, 2023
Revenue: |  |  |  |
Total revenue |  | $ 144,193 | $ 136,618 | $ 55,392
Costs and expenses: |  |  |  |
Cost of revenues |  | 101,451 | 106,653 | 44,388
Selling, general and administrative | [1] | 83,065 | 45,020 | 53,915
(Gain) on classification of held for sale | [2] | (24,616) | 15,417 | 0
Loss on sale of assets |  | 1,138 | 0 | 0
Total costs and expenses |  | 161,038 | 169,470 | 98,303
Operating loss |  | (16,845) | (32,852) | (42,911)
Data Center Hosting Business |  |  |  |
Revenue: |  |  |  |
Total revenue |  | 144,193 | 136,619 | 55,392
Costs and expenses: |  |  |  |
Cost of revenues |  | 100,744 | 106,023 | 44,374
Selling, general and administrative |  | 3,006 | 10,367 | 29,200
(Gain) on classification of held for sale |  | (24,616) | 15,417 |
Loss on sale of assets |  | 1,132 |  |
Total costs and expenses |  | 80,266 | 131,807 | 73,574
Operating loss |  | 63,927 | 4,812 | (18,182)
HPC Hosting Business |  |  |  |
Revenue: |  |  |  |
Total revenue |  | 0 | 0 | 0
Costs and expenses: |  |  |  |
Cost of revenues |  | 143 | 50 | 0
Selling, general and administrative |  | 11,943 | 4,761 | 246
(Gain) on classification of held for sale |  | 0 | 0 |
Loss on sale of assets |  | 0 |  |
Total costs and expenses |  | 12,086 | 4,811 | 246
Operating loss |  | (12,086) | (4,811) | (246)
Nonrelated Party |  |  |  |
Revenue: |  |  |  |
Total revenue |  | 142,267 | 121,857 | 40,984
Nonrelated Party | Data Center Hosting Business |  |  |  |
Revenue: |  |  |  |
Total revenue |  | 142,267 | 121,858 | 40,984
Nonrelated Party | HPC Hosting Business |  |  |  |
Revenue: |  |  |  |
Total revenue |  | 0 | 0 | 0
Related party revenue |  |  |  |
Revenue: |  |  |  |
Total revenue |  | 1,926 | 14,761 | 14,408
Costs and expenses: |  |  |  |
Selling, general and administrative |  | 300 | 600 | 100
Related party revenue | Data Center Hosting Business |  |  |  |
Revenue: |  |  |  |
Total revenue |  | 1,926 | 14,761 | 14,408
Related party revenue | HPC Hosting Business |  |  |  |
Revenue: |  |  |  |
Total revenue |  | $ 0 | $ 0 | $ 0
[1] | Includes related party selling, general and administrative expense of $0.3 million, $0.6 million, and $0.1 million for the fiscal years ended May 31, 2025, May 31, 2024, and May 31, 2023 respectively
[2] | Includes $25 million received in connection with the sale of our Garden City facility once conditional approval requirements were met and escrowed funds were released during the fiscal years ended May 31, 2025. The fiscal year ended May 31, 2024 includes $15.4 million loss on classification of held for sale related to the sale of the Garden City facility.

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