Back to dashboard
Capacity progress
>1 GW
7 Aug 2025
>2.5 GW
11 Nov 2025
+96d after prior raise
>3 GW
19 Feb 2026
+100d after prior raise
>4 GW
14 May 2026
+84d after prior raise
5 GW
7 Aug 2026
+85d after prior raise
as of 7 Aug 2026 · Q2 2026 shareholder letter
Connected power against capacity implied to be earning
connected (energized)1.0 GW
implied to be earning (ARR ÷ blended rate)160 MW
Roughly 16% of energized power is implied to be earning at contract rates. Multiplying connected megawatts by a headline contract rate overstates revenue by about 6.3×.
as of 30 Jun 2026 · Derived from ARR divided by the blended contract rate, not disclosed
ARR against the year-end targetbehind pace
33% delivered · 61% of the year elapsed · 124 days left
as of 7 Aug 2026 · Q2 2026 shareholder letter
as of 30 Jun 2026 · Q2 2026 shareholder letter
as of 30 Jun 2026 · Q2 2026 shareholder letter