v3.25.2
Condensed Interim Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenues $ 45,611 $ 32,241
Cost of sales    
Operating and maintenance costs (28,983) (21,004)
High performance computing service fees (809) (544)
Depreciation (22,011) (13,094)
Gross profit (6,192) (2,401)
Net realized and unrealized gains (losses) of digital currencies 23,161 (21,942)
Operating expenses    
Selling, general and administrative expenses (5,750) (3,443)
Foreign exchange gain (loss) 2,872 (1,152)
Stock-based compensation (5,750) (489)
Total operating expenses (8,628) (5,084)
Unrealized gain on investments 8,172 7,732
Change in fair value of derivatives 16,436 615
Provision on sales tax receivables 1,367 0
Gain on sale of equipment 1,312 4,319
Other income 325 126
Finance expense (288) (645)
Income (loss) from operations 35,665 (17,280)
Tax expense (649) (1,008)
Net income (loss) after tax 35,016 (18,288)
Other comprehensive income    
Translation adjustment 1,856 37
Net income (loss) and comprehensive income (loss) $ 36,872 $ (18,251)
Basic income (loss) per share $ 0.19 $ (0.17)
Diluted income (loss) per share $ 0.18 $ (0.17)
Weighted average number of common shares outstanding - Basic 182,007,767 110,691,493
Weighted average number of common shares outstanding - Diluted 192,827,179 110,691,493
Revenue from digital currency mining [Member]    
Revenues $ 40,797 $ 29,636
Cost of sales    
Operating and maintenance costs (26,843) (18,266)
High performance computing [Member]    
Revenues 4,814 2,605
Cost of sales    
Operating and maintenance costs $ (2,140) $ (2,738)