RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Accounting Changes and Error Corrections [Abstract]

Schedule of Revision of Previously Issued Financial Statements

The following tables present the impact of the restatement on the affected line items of the Company’s previously issued condensed consolidated financial statements (in thousands, except per share amounts):

Condensed Consolidated Balance Sheets

	September 30, 2025 (Unaudited)
	As Reported		Adjustment		As Restated
Assets
Property, plant and equipment, net	$	1,078,803	$	(124,678)	$	954,125
Total Assets	2,295,980		(124,678)		2,171,302
Liabilities and Stockholders’ Deficit
Stockholders’ Deficit:
Accumulated deficit	(4,237,984)		(124,678)		(4,362,662)
Total Stockholders’ Deficit	(1,127,960)		(124,678)		(1,252,638)
Total Liabilities and Stockholders’ Deficit	$	2,295,980	$	(124,678)	$	2,171,302

Condensed Consolidated Statements of Operations

	For the Three Months Ended September 30, 2025						For the Nine Months Ended September 30, 2025
	As Reported		Adjustment		As Restated		As Reported		Adjustment		As Restated
	(Unaudited)				(Unaudited)		(Unaudited)				(Unaudited)
Loss on disposal of property, plant and equipment	$	2,933	$	(2,633)	$	300	$	7,105	$	(2,633)	$	4,472
Selling, general and administrative	69,354		—		69,354		166,409		4,442		170,851
Operating loss	(57,425)		2,633		(54,792)		(126,305)		(1,809)		(128,114)
Loss before income taxes	(146,535)		2,633		(143,902)		(502,278)		(1,809)		(504,087)
Net loss	$	(146,660)	$	2,633	$	(144,027)	$	(502,766)	$	(1,809)	$	(504,575)
Net loss per share, basic and diluted	$	(0.46)	$	0.01	$	(0.45)	$	(1.48)	$	—	$	(1.48)

Condensed Consolidated Statements of Cash Flows

	For the Nine Months Ended September 30, 2025
	As Reported		Adjustment		As Restated
	(Unaudited)				(Unaudited)
Cash flows from Operating Activities:
Net loss	(502,766)		(1,809)		(504,575)
Losses on disposal of property, plant and equipment	$	7,105	(2,633)		4,472
Net cash (used in) provided by operating activities	$	125,182	$	(4,442)	120,740
Cash flows from Investing Activities:
Purchases of property, plant and equipment	(454,194)		4,442		(449,752)
Net cash used in investing activities	$	(467,425)	$	4,442	(462,983)