v3.25.4

Term Loan | 9 Months Ended
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Dec. 31, 2025
Short-Term Debt [Abstract] |
Term Loan [Text Block] | 13. Term Loan As part of the Atlantic acquisition, the Company acquired a $11.0 million (C$13.6 million) term loan ("Atlantic Term Loans"). The Atlantic Term Loans were made up of two discrete balances; Term Loan 1 and Term Loan 2; and the total facility bearing an interest rate of 3.33% per annum with a term maturity date of June 30, 2024. On June 30, 2024, the Company renewed Term Loan 1 over a 1-year term at an interest rate of 5.31% with a balance remaining of C$4.2 million, and Term Loan 2 was renewed at 5.15% over a 2-year term with a balance remaining of C$2.6 million. Principal payments of C$0.2 million plus interest is payable monthly. On June 30, 2025, the Company renewed Term Loan 1 over a 1-year term at an interest rate of 4.39% with a balance remaining of C$2.8 million. The principal and interest payment are the same as noted above. On April 21, 2025, the Company received a covenant amendment from its lender in relation to the Atlantic Term Loans maintained by HIVE Atlantic Datacentres Ltd. As part of this modification, the lender formally withdrew the following financial covenants: A minimum working capital ratio of 1.20:1 A maximum long-term debt to tangible net worth ratio of 2.00:1 The following covenant remains in effect and must be maintained at all times: A minimum debt service coverage ratio to EBITDA of 1.50:1 As at December 31, 2025, HIVE Atlantic Datacentres Ltd. was in compliance with the amended required debt service coverage ratio covenant. The outstanding balance is presented as a current liability as at December 31, 2025, because it matures within one year. The Atlantic Term Loans include an unlimited guarantee from the Company.
|  | Term Loan 1 |  |  | Term Loan 2 |  |  | Total |
Balance, March 31, 2024 | $ | 3,454 |  | $ | 2,154 |  | $ | 5,608 |
Interest |  | 134 |  |  | 81 |  |  | 215 |
Repayment |  | (1,234 | ) |  | (767 | ) |  | (2,001 | )
Foreign exchange movement |  | (163 | ) |  | (101 | ) |  | (264 | )
Balance, March 31, 2025 |  | 2,191 |  |  | 1,367 |  |  | 3,558 |
Interest |  | 69 |  |  | 47 |  |  | 116 |
Repayment |  | (828 | ) |  | (520 | ) |  | (1,348 | )
Foreign exchange movement |  | 100 |  |  | 62 |  |  | 162 |
Balance, December 31, 2025 | $ | 1,532 |  | $ | 956 |  | $ | 2,488 |

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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