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PROPERTY AND EQUIPMENT
3 Months Ended
Aug. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consisted of the following as of August 31, 2022, and May 31, 2022:
(in thousands)Estimated Useful LifeAugust 31,
2022
May 31,
2022
Hosting Equipment
Electric Generation and Transformers15 years4,376 4,338 
Other Equipment and Fixtures
5 years-7 years
588 588 
Construction in Progress46,086 18,305 
Information Systems and Software5 years9,675 9,608 
Land & Building
Land2,125 1,074 
Land Improvements15 years1,259 1,180 
Building39 years32,833 30,176 
Total cost of property and equipment96,942 65,269 
Accumulated Depreciation(1,847)(1,009)
Property Plant and Equipment, Net$95,095 $64,260 
Depreciation expense from continuing operations totaled $838,000 and $3,000 for the three-month periods ended August 31, 2022 and 2021, respectively.