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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows used in operating activities:    
Net loss $ (95,182) $ (32,872)
Adjustments to reconcile net loss for the period to net cash used in operating activities:    
Stock-based compensation 44,998 1,530
Depreciation and amortization 989 1,534
Other non-cash items 192 (786)
(Gain) loss on sale of assets, net 94 (68)
Non-cash interest expense 0 9,236
Asset retirement obligation adjustments and accretion (6,081) (1,676)
Changes in operating assets and liabilities:    
Contract liabilities 4,150 3,900
Receivables 233 (81)
Supplies inventories, net (313) 20
Accounts payable, accrued expenses, and other liabilities (383) (1,932)
Prepaids and deposits (415) (962)
Net cash used in operating activities (51,718) (22,157)
Cash flows from investing activities:    
Additions to property, plant, and equipment (1,452) (447)
Proceeds from sale of assets 88 697
Proceeds from sale of equity investment securities 625 0
Net cash (used in) provided by investing activities (739) 250
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 79,223 112,242
Taxes paid related to net share settlement of equity awards (5,182) 0
Principal payments 0 (25)
Net cash provided by financing activities 74,041 112,217
Net increase in cash, cash equivalents, and restricted cash 21,584 90,310
Cash, cash equivalents, and restricted cash, beginning of period 204,231 77,057
Cash, cash equivalents, and restricted cash, end of period 225,815 167,367
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 211,217 139,094
Restricted cash 14,598 28,273
Total cash, cash equivalents, and restricted cash $ 225,815 $ 167,367