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).