v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property and Equipment [Abstract]  
Property and Equipment

9. Property and Equipment

 

   

As of

June 30,
2026

    

As of

December 31,
2025

  
Land   $ 9,524,459     $ -  
Buildings     41,076,344       -  
Advance payments made and assets under construction     98,750,474       -  
Data centers     786,190,432       27,195,275  
Computer hardware     1,772,753       1,813,514  
Furniture and fixtures     978,081       261,769  
Leasehold improvements     2,350,575       2,295,521  
      940,643,118       31,566,079  
Accumulated depreciation     (26,815,457 )     (15,387,138 )
Net carrying value   $ 913,827,661     $ 16,178,941  

 

Depreciation expense on property and equipment for the three months ended June 30, 2026 and 2025 were $9,699,781 and $1,420,064, respectively. Depreciation expense on property and equipment for the six months ended June 30, 2026 and 2025 were $11,428,319 and $2,584,287, respectively.