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Digital Currencies | 12 Months Ended
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Mar. 31, 2022
Disclosure of Digital Currencies [Abstract] |
Digital Currencies [Text Block] | 10. Digital Currencies As at March 31, 2022, the Company's digital currencies consisted of the below, with a fair value of $170,000,412 (March 31, 2021 - $57,499,720). Digital currencies are recorded at their fair value on the date they are received as income from digital currency mining and are revalued to their current market value less costs to sell at each reporting date. The Company's holdings of digital currencies consist of the following:
|  | March 31, 2022 |  |  | March 31, 2021 |
Bitcoin | $ | 117,669,390 |  | $ | 18,858,987 |
Ethereum |  | 52,301,707 |  |  | 38,640,733 |
Ethereum Classic |  | 29,315 |  |  | - |
Total | $ | 170,000,412 |  | $ | 57,499,720 |
The continuity of digital currencies was as follows:
Bitcoin |  | Amount |  |  | Number of coins |
Digital assets, March 31, 2020 | $ | 867,430 |  |  | 135 |
Digital currency mined |  | 13,729,050 |  |  | 595 |
Digital currency sold |  | (5,040,223 | ) |  | (407 | )
Revaluation adjustment |  | 9,302,730 |  |  | - |
Digital assets, March 31, 2021 |  | 18,858,987 |  |  | 322 |
Digital currency mined |  | 109,289,154 |  |  | 2,368 |
Digital currency sold |  | (3,134,857 | ) |  | (94 | )
Revaluation adjustment |  | (7,343,894 | ) |  | - |
Digital currencies, March 31, 2022 | $ | 117,669,390 |  |  | 2,596 |
Ethereum |  | Amount |  |  | Number of coins |
Digital assets, March 31, 2020 | $ | 2,364,150 |  |  | 17,697 |
Digital currency mined |  | 52,407,332 |  |  | 96,333 |
Digital assets received |  | 1,026,806 |  |  | 632 |
Digital currency sold |  | (32,600,918 | ) |  | (94,620 | )
Revaluation adjustment |  | 15,443,363 |  |  | - |
Digital assets, March 31, 2021 |  | 38,640,733 |  |  | 20,041 |
Digital currency mined |  | 97,854,252 |  |  | 31,840 |
Digital currency sold |  | (103,791,716 | ) |  | (35,716 | )
Revaluation adjustment |  | 19,598,438 |  |  | - |
Digital currencies, March 31, 2022 | $ | 52,301,707 |  |  | 16,165 |
Ethereum Classic |  | Amount |  |  | Number of coins |
Digital assets, March 31, 2020 | $ | 223,994 |  |  | 45,251 |
Digital currency mined |  | 561,542 |  |  | 88,689 |
Digital assets received |  | (664 | ) |  | (6 | )
Digital currency sold |  | (764,617 | ) |  | (133,935 | )
Revaluation adjustment |  | (20,255 | ) |  | - |
Digital assets, March 31, 2021 |  | - |  |  | - |
Digital currency mined |  | 2,465,241 |  |  | 50,853 |
Digital assets received |  | 751 |  |  | - |
Digital currency sold |  | (2,461,250 | ) |  | (50,228 | )
Revaluation adjustment |  | 24,573 |  |  | - |
Digital currencies, March 31, 2022 | $ | 29,315 |  |  | 625 |
During the year ended March 31, 2022 the Company sold digital currencies for proceeds totalling $117,217,872 (March 31, 2021 - $46,435,625) with a cost of $110,127,728 (March 31, 2021 - $38,437,132), and recorded a gain on sale of $7,090,144 (March 31, 2021 - gain of $7,998,493).

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