v3.25.2
Debt - DCSP Financing Arrangements (Q2) (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Apr. 30, 2025
Jun. 30, 2023
MW
Jun. 06, 2023
MW
Lessor, Lease, Description [Line Items]                      
Electrical power expected to be received in phases | MW                   78 78
Total property and equipment   $ 18,585,117,000   $ 18,585,117,000   $ 12,880,005,000 $ 3,600,786,000        
Term of contract 14 years         14 years          
Lessee, finance lease term                 14 years    
Lessee, imputed interest rate                 0.13    
Finance lease right-of-use assets acquired       123,000,000   $ 141,916,000 0 $ 14,622,000      
Interest expense   256,162,000 $ 67,097,000 513,533,000 $ 107,600,000 $ 349,203,000 $ 26,967,000 $ 8,374,000      
DCSP Financing Obligation                      
Lessor, Lease, Description [Line Items]                      
Interest rate 15.00%         15.00%          
Interest income   6,000,000   9,000,000   $ 0          
Interest expense   8,000,000   12,000,000   3,000,000          
DCSP Note Receivable                      
Lessor, Lease, Description [Line Items]                      
Financing receivable   288,000,000   288,000,000   $ 224,000,000          
Financing receivable, term 7 years         7 years          
Financing receivable, stated rate 13.00%         13.00%          
DCSP Note Receivable | DCSP Financing Obligation                      
Lessor, Lease, Description [Line Items]                      
Financing receivable   $ 237,000,000   $ 237,000,000   $ 116,000,000          
DCSP Note Receivable | Unfunded Loan Commitment                      
Lessor, Lease, Description [Line Items]                      
Financing receivable $ 305,000,000                    
Critical Infrastructure Assets                      
Lessor, Lease, Description [Line Items]                      
Total property and equipment           $ 116,000,000