v3.26.1
Digital currencies
 12 Months Ended
Dec. 31, 2025
Digital Currencies [Abstract]  
Digital currencies
3.Digital currencies

 

The Corporation’s holdings of digital currencies consist of the following: 

 

   As at
December 31,
2025		   As at
December 31,
2024		 
Bitcoin  $11,812,321   $4,525,416 
Ethereum   3,001,859    
-
 
   $14,814,180   $4,525,416 

 

The continuity of digital currencies was as follows:

 

   Number of
Ethereum		   Amount   Number of
Bitcoin		   Amount   Total 
Balance, December 31, 2023   
-
   $
-
    19   $822,884   $822,884 
Digital currencies mined   
-
    
-
    188    10,318,500    10,318,500 
Digital currencies received from colocation services   
-
    
-
    126    9,377,476    9,377,476 
Digital currencies received for electricity sales   
-
    
-
    33    2,003,106    2,003,106 
Digital currencies traded for cash   
-
    
-
    (286)   (18,507,626)   (18,507,626)
Digital currencies paid for services   
-
    
-
    (26)   (1,773,027)   (1,773,027)
Digital currencies for loan repayment   
-
    
-
    (6)   (273,360)   (273,360)
Gain on sale of digital currencies   
-
    
-
    
-
    1,658,772    1,658,772 
Revaluation adjustment   
-
    
-
    
-
    898,691    898,691 
Balance, December 31, 2024   
-
    
-
    48    4,525,416    4,525,416 
Digital currencies mined and staked(1)   7    27,128    34    3,496,250    3,523,378 
Digital currencies received from colocation services   
-
    
-
    156    15,649,009    15,649,009 
Acquisition of digital currencies   1,002    4,245,883    16    1,911,631    6,157,514 
Digital currencies paid for services   
-
    
-
    (9)   (843,665)   (843,665)
Digital currencies traded for cash   
-
    
-
    (111)   (10,972,014)   (10,972,014)
Digital currencies remitted as per Miner agreement   
-
    
-
    (1)   (145,199)   (145,199)
Gain on sale of digital currencies   
-
    
-
    
-
    1,029,017    1,029,017 
Revaluation adjustment   
-
    (1,271,152)   
-
    (2,838,124)   (4,109,276)
Balance, December 31, 2025   1,009   $3,001,859    133   $11,812,321   $14,814,180 

 

(1)

During the year ended December 31, 2025, the Corporation staked 7 Ethereum.

 

The cost bases of the Corporation’s holdings of digital currencies consist of:

 

   As at   As at 
   December 31,   December 31, 
   2025   2024 
         
Bitcoin  $14,301,245   $3,878,178 
Ethereum   4,273,011    
-
 
   $18,574,256   $3,878,178