BALANCE SHEET COMPONENTS (Tables)

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Prepaid Expenses & Other Current Assets

Customer funding receivable and other current assets as of December 31, 2025 and 2024 consisted of the following (in

thousands):

	December 31, 2025	December 31, 2024
Customer funding receivable	$337,158	$7,442
Other	25,001	35,647
Total customer funding receivable and other current assets	$362,159	$43,089

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses as of December 31, 2025 and 2024 consisted of the following (in thousands):

	December 31, 2025	December 31, 2024
Accrued customer funded construction	$290,603	$—
Accrued capital expenditures	197,888	17,395
Other	23,466	47,275
Total accrued expenses	$511,957	$64,670

Schedule of Other Noncurrent Liabilities

Other noncurrent liabilities as of December 31, 2025 and 2024 consisted of the following (in thousands):

	December 31, 2025	December 31, 2024
Operating lease liabilities, net of current portion	89,011	97,843
Other	15,250	15,315
Total other noncurrent liabilities	$104,261	$113,158