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Property and Equipment, Net
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
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 
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(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.

For the Company’s equipment under finance leases and lease financing obligations, accumulated depreciation was $30.0 million and $29.3 million as of March 31, 2025 and December 31, 2024, respectively. The carrying value of the Company’s equipment under finance lease agreements and lease financing obligations was $38.5 million and $35.7 million as of March 31, 2025 and December 31, 2024, respectively.
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, 2025December 31, 2024
United States$49,967 $47,930 
Canada3,145 3,309 
The Netherlands7,514 7,583 
Total property and equipment, net and operating lease right-of-use assets$60,626 $58,822