XML 38 R31.htm IDEA: XBRL DOCUMENT
v3.21.2

Loss on Sale of Subsidiary | 12 Months Ended
--- | ---
Mar. 31, 2021
Loss on Sale of Subsidiary [Abstract] |
Loss on Sale of Subsidiary [Text Block] | 26. Loss on Sale of Subsidiary On March 31, 2021, the Company completed the sale of the net assets of Boden Technologies AB:
Consideration: |  |  |
Cash | $ | 10 |
Receivable1 |  | 1,821,454 |
|  | 1,821,464 |
Less: Net assets derecognized |  | (25,263,683 | )
Loss on disposal | $ | (23,442,219 | )
1) Receivable is conditional upon ruling by the by the Swedish Tax Authority related to an ongoing value added tax process. If the ruling is favourable then the amounts will be received; otherwise the amounts will not be collectible. Management has assessed the collectibity using a probability model under a range of scenarios and this receivable reflects the results of that process.
| March 31, 2021 |
Assets |  |  |
Current assets |  |  |
Cash and equivalents | $ | 464,123 |
Amounts receivable and prepaids |  | 7,693,866 |
|  | 8,157,989 |
Receivable from Bikupa |  | 18,361,495 |
Data centre equipment |  | - |
Deposits |  | - |
Investment in sublease |  | - |
Right of use asset |  | - |
Total assets | $ | 26,519,484 |
Liabilities and equity |  |  |
Current liabilities |  |  |
Accounts payable and accrued liabilities | $ | 1,255,801 |
Lease liability |  | - |
Total liabilities |  | 1,255,801 |
Net Assets | $ | 25,263,683 |
As part of the sale, the Company incurred a loan payable of $18,361,495 to Boden, of which $1,223,702 is current. The loan payble has an amortization term of 15 years under which annual principal and interest payments are required. Interest is set at the Swedish Government Borrowing Rate +1% . The loan payable is contingently forgiven based on a favourable ruling from the Swedish Tax Authority on the ongoing value tax assessment.

X
- Definition Disclosure of information about loss on sale of subsidiary. + References No definition available. + Details
Name: | hive_DisclosureOfLossOnSaleOfSubsidiaryExplanatory
Namespace Prefix: | hive_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | hive_LossOnSaleOfSubsidiaryAbstract
Namespace Prefix: | hive_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration