v3.25.2
Condensed Interim Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 35,016 $ (18,288)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Revenue recognized from digital currency (40,797) (29,636)
Proceeds from sale of digital currency 66,447 15,479
Revaluation of digital currency (23,161) 21,942
Depreciation 22,011 13,094
Non-cash lease expense 2,484 749
Unrealized gain on investments (8,172) (7,732)
Change in fair value of derivative asset (16,436) (615)
Gain on sale of equipment (1,312) (4,319)
Provision on sales tax receivables (1,367) 0
Income tax expense 649 1,008
Accretion on convertible debt 138 388
Share-based compensation 5,750 489
Interest expense 72 105
Foreign exchange (gain) loss (2,832) 1,354
Lease payments on operating leases (867) (733)
Changes in non-working capital items    
Amounts receivable and prepaids (17,941) 2,529
Accounts payable and accrued liabilities (9,454) (201)
Net cash provided by (used in) operating activities 10,228 (4,387)
Cash flows from investing activities    
Deposits on equipment (15,978) (11,111)
Investments 0 (570)
Purchase of investments (126) 0
Proceeds on disposal of equipment 1,475 4,840
Purchase of equipment (31,379) (2,219)
Payment of security deposits (15,948) 0
Net cash used in investing activities (61,956) (9,060)
Cash flows from financing activities    
Exercise of options 738 0
Loan payments 0 (1,775)
Term loan payments (410) 0
Shares offering 68,024 31,901
Repayment of acquisition loan payable (15,500)  
Repayment of debenture 0 (748)
Net cash provided by financing activities 52,852 29,378
Effects of exchange rate changes on cash 102 0
Net change in cash during the year 1,226 15,931
Cash, restricted cash equivalents and bank overdraft    
Beginning of period 23,375 9,678
End of period $ 24,601 $ 25,609