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Property and Equipment, Net (Tables) | 3 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment | Property and equipment, net consisted of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Data center equipment | $ | 57,079 |  |  | $ | 54,552 |
Leased and financed data center equipment | 68,496 |  |  | 65,037 |
Machinery and equipment | 17,705 |  |  | 16,872 |
Computer equipment | 2,261 |  |  | 2,239 |
Leasehold improvements | 244 |  |  | 244 |
Construction-in-progress(1) | 19 |  |  | 311 |
Total property and equipment | 145,804 |  |  | 139,255 |
Less: accumulated depreciation and amortization | (100,143) |  |  | (96,306) |
Total property and equipment, net | $ | 45,661 |  |  | $ | 42,949 |
________________ (1) Construction-in-progress relates to assets that have not yet been placed in service and is primarily comprised of hard drives that are not yet deployed.
Schedule of Long-Lived Assets by Geographic Areas | The Company has long-lived assets, comprising of property and equipment, net and operating lease right-of-use assets in the following geographic areas (in thousands):
| March 31, 2025 |  | December 31, 2024
United States | $ | 49,967 |  |  | $ | 47,930 |
Canada | 3,145 |  |  | 3,309 |
The Netherlands | 7,514 |  |  | 7,583 |
Total property and equipment, net and operating lease right-of-use assets | $ | 60,626 |  |  | $ | 58,822 |

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- 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 + Details
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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 + Details
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