v3.25.4
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net (loss) income $ (72,108) $ 49,952
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Revenue recognized from digital currency mined (211,095) (77,088)
Proceeds from sale of digital currency 184,407 38,017
Revaluation of digital currency (17,960) (60,090)
Digital currency purchased (18,330) 0
Depreciation 117,723 46,523
Non cash lease expense 2,203 2,092
Lease payments on operating leases (2,420) (2,092)
Unrealized loss (gain) on investments 13,764 (25,766)
Realized loss on investments 0 311
Change in fair value of derivatives 17,399 (1,624)
Provision on sales tax receivables (2,915) (966)
Impairment of receivable on sale of subsidiary 1,816 0
Gain on sale of equipment (1,360) (16,433)
Accretion on convertible debt 462 941
Tax expense 2,164 1,449
Share-based compensation 18,220 6,249
Interest expense 244 328
Foreign exchange (2,976) 3,975
Changes in non-working capital items    
Amounts receivable and prepaids (358) (1,190)
Accounts payable and accrued liabilities 16,721 406
Net cash provided by (used in) operating activities 45,601 (35,006)
Cash flows from investing activities    
Deposits on equipment (4,351) (44,915)
Proceeds on disposal of investments 0 658
Purchase of investments (907) 0
Proceeds on disposal of equipment 1,608 16,647
Purchase of equipment (126,322) (50,515)
Payment of security deposits (36,664) (3,210)
Acquisition of Megawatt Mining, net cash (9,249) 0
Net cash used in investing activities (175,885) (81,335)
Cash flows from financing activities    
Exercise of warrants 770 0
Exercise of options 1,112 101
Repayment of loans (3,064) (1,354)
Shares offering 156,300 121,022
Repayment of acquisition loan payable (31,000) 0
Term loan payments (1,232) (1,657)
Repayment of debenture (2,333) (1,500)
Net cash provided by financing activities 120,553 116,612
Effects of exchange rate changes on cash 425 (104)
Net change in cash during the period (9,306) 167
Cash, restricted cash equivalents and bank overdraft    
Beginning of period 23,375 9,678
End of period $ 14,069 $ 9,845