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Digital Currencies | 6 Months Ended
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Sep. 30, 2024
Disclosure of Digital Currencies [Abstract] |
Digital Currencies [Text Block] | 7. Digital Currencies 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:
|  | September 30, 2024 |  |  | March 31, 2024 |
Bitcoin | $ | 164,860 |  | $ | 161,258 |
Ethereum Classic |  | 113 |  |  | 196 |
Other coins |  | 204 |  |  | 191 |
Total | $ | 165,177 |  | $ | 161,645 |
The continuity of digital currencies was as follows:
Bitcoin |  | Amount |  |  | Number of coins |
Digital currencies, March 31, 2023 | $ | 65,772 |  |  | 2,332 |
Digital currency mined |  | 111,002 |  |  | 3,123 |
Digital currency sold |  | (92,600 | ) |  | (3,168 | )
Revaluation adjustment |  | 77,084 |  |  | - |
Digital currencies, March 31, 2024 |  | 161,258 |  |  | 2,287 |
Digital currency mined |  | 50,370 |  |  | 789 |
Digital currency sold |  | (31,014 | ) |  | (472 | )
Revaluation adjustment |  | (15,754 | ) |  | - |
Digital currencies, September 30, 2024 | $ | 164,860 |  |  | 2,604 |
Ethereum Classic |  |  |  |  |  |
Digital currencies, March 31, 2023 | $ | 117 |  |  | 5,718 |
Digital currency mined |  | 1 |  |  | 28 |
Revaluation adjustment |  | 78 |  |  | - |
Digital currencies, March 31, 2024 |  | 196 |  |  | 5,746 |
Revaluation adjustment |  | (83 | ) |  | - |
Digital currencies, September 30, 2024 | $ | 113 |  |  | 5,746 |
In the three and six months period ended September 30, 2024, the Company mined 340 Bitcoin and 789 Bitcoin respectively, compared with 801 and 1,635, respectively for the period ended September 30, 2023. During the three and six months period ended September 30, 2024, the Company sold digital currencies for proceeds totalling $14.1 million and $29.6 million, respectively (September 30, 2023 - $28.2 million and $61.7 million, respectively) with a cost of $14.3 million and $31.0 million, respectively (September 30, 2023 - $30.5 million and $64.5 million, respectively) and recorded a loss on sale of $0.2 million and $1.4 million, respectively (September 30, 2023 - loss on sale of $2.3 million and $2.8 million, respectively). For the three and six months period ended September 30, 2024, the Company recognized a $4.8 million gain and a loss of $15.9 million, respectively, in accumulated other comprehensive income (September 30, 2023 – a $4.3 million gain and $0.1 million gain, respectively) in connection to the revaluation on its digital currencies.

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