XML 21 R3.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Interim Consolidated Statements of Loss and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Profit or loss [abstract]        
Revenue from digital currency mining $ 20,765 $ 22,514 $ 50,401 $ 45,858
High performance computing hosting 1,883 253 4,488 474
Total revenue 22,648 22,767 54,889 46,332
Operating and maintenance costs (21,482) (18,096) (42,283) (33,622)
Depreciation (16,138) (16,567) (29,953) (33,050)
Gross profit (14,972) (11,896) (17,347) (20,340)
Revaluation of digital currencies 0 (422) 0 (422)
Loss on sale of digital currencies (166) (2,254) (1,406) (2,829)
Expenses        
General and administrative (3,381) (3,563) (6,824) (6,330)
Foreign exchange (loss) gain (540) (354) (211) 1,091
Share-based compensation (2,234) (4,044) (2,723) (6,017)
Expenses Total (6,155) (7,961) (9,758) (11,256)
Unrealized gain (loss) on investments 8,383 34 16,115 (631)
Change in fair value of derivative liability 21 417 88 274
Provision on sales tax receivables 966 0 966 0
Gain (loss) on sale of equipment 5,190 26 9,509 (241)
Other income (expenses) 131 (11) 257 (122)
Finance expense (743) (876) (1,503) (1,814)
Net loss before tax for the period (7,345) (22,943) (3,079) (37,381)
Tax expense (318) (1,605) (1,326) (3,419)
Net loss for the period (7,663) (24,548) (4,405) (40,800)
Other comprehensive (loss) income to be reclassified to profit or loss in subsequent periods:        
Revaluation of digital currencies 4,812 (4,310) (15,890) 58
Translation adjustment 2,934 (437) 1,487 398
Net loss and comprehensive (loss) income for the period $ 83 $ (29,295) $ (18,808) $ (40,344)
Basic loss per share $ (0.06) $ (0.29) $ (0.04) $ (0.48)
Diluted loss per share $ (0.06) $ (0.29) $ (0.04) $ (0.48)
Weighted average number of common shares outstanding        
Basic 118,593,637 85,052,418 114,664,155 84,614,638
Diluted 118,593,637 85,052,418 114,664,155 84,614,638