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Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

The following table presents the estimated useful lives of property and equipment:

Property and Equipment						Useful life
Data center equipment						3 - 5 years
Machinery and equipment						3 - 5 years
Computer equipment						3 - 5 years
Leasehold improvements						Shorter of useful life or expected lease term

Property and equipment, net consisted of the following (in thousands):

			December 31,
			2024						2023
Data center equipment			$	54,552					$	37,245
Leased and financed data center equipment			65,037						68,757
Machinery and equipment			16,872						14,004
Computer equipment			2,239						2,472
Leasehold improvements			244						1,114
Construction-in-process (1)			311						1,371
Total property and equipment			139,255						124,963
Less: accumulated depreciation and amortization			(96,306)						(79,363)
Total property and equipment, net			$	42,949					$	45,600

(1) Construction-in-process relates to assets that have not yet been placed in service related to hard drives not yet deployed.

Schedule of Long-Lived Assets by Geographic Areas

The following table presents property and equipment, net and operating lease right-of-use assets by geographic region (in thousands):

			December 31,
			2024						2023
United States			$	47,930					$	50,746
Canada			3,309						—
The Netherlands			7,583						4,834
Total property and equipment, net and operating lease right-of-use assets			$	58,822					$	55,580

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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