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Property and Equipment, Net (Tables)

3 Months Ended

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

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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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