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Condensed Interim Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net loss for the period: $ (4,405) $ (40,800)
Adjusted for:    
Revenue recognized from digital currency mined (50,401) (45,858)
Depreciation 29,953 33,050
Unrealized (gain) loss on investments (16,115) 631
Change in fair value of derivative liability (88) (274)
Provision on sales tax receivables (966) 0
(Gain) loss on sale of equipment (9,509) 241
Accretion on convertible debt 739 964
Tax expense 1,326 3,419
Share-based compensation 2,723 6,017
Interest expense 452 466
Foreign exchange 342 (449)
Changes in non-cash working capital items:    
Amounts receivable and prepaids 1,172 (519)
Digital currencies 30,979 64,925
Accounts payable and accrued liabilities 8,778 (365)
Cash (used in) provided by operating activities (5,020) 21,448
Investing activities    
Deposits on equipment (613) (3,834)
Investments (1,128) (250)
Proceeds on disposal of equipment 9,723 320
Purchase of equipment (32,593) (22,303)
Payment of security deposits (3,360) 0
Cash used in investing activities (27,971) (26,067)
Financing activities    
Exercise of options 0 53
Shares offering, net of issuance costs 35,924 8,362
Repayment of loans (2,406) (706)
Repayment of debenture (1,500) (1,504)
Lease payments made (1,522) (1,397)
Cash provided by financing activities 30,496 4,808
Effect of exchange rate changes on cash 58 (18)
Net change in cash during the period (2,437) 171
Cash and cash equivalents at beginning of period 9,678 4,373
Cash and cash equivalents at end of period 7,241 4,544
Supplemental cash flow information    
Recognition of right of use assets and lease liabilities 432 0
Supplemental disclosures:    
Interest paid 913 920
Income taxes paid $ 415 $ 0