| Property, plant and equipment |
| 5. | Property, plant and equipment |
| | |
Land and
buildings(1) | | |
Data miners | | |
Equipment(1) | | |
Leasehold
improvement | | |
Power plant
in use(2) | | |
Total | |
| Cost | |
| | |
| | |
| | |
| | |
| | |
| |
| December 31, 2023 | |
$ | 7,094,339 | | |
$ | 31,895,779 | | |
$ | 21,392,207 | | |
$ | 1,079,542 | | |
$ | 4,643,800 | | |
$ | 66,105,667 | |
| Additions | |
| - | | |
| - | | |
| 3,200,000 | | |
| - | | |
| 590,777 | | |
| 3,790,777 | |
| December 31, 2024 | |
| 7,094,339 | | |
| 31,895,779 | | |
| 24,592,207 | | |
| 1,079,542 | | |
| 5,234,577 | | |
| 69,896,444 | |
| Additions | |
| 1,718,524 | | |
| 1,100,550 | | |
| 1,962,022 | | |
| - | | |
| 1,405,657 | | |
| 6,186,753 | |
| Disposal | |
| - | | |
| (14,041,665 | ) | |
| - | | |
| - | | |
| - | | |
| (14,041,665 | ) |
| December 31, 2025 | |
$ | 8,812,863 | | |
$ | 18,954,664 | | |
$ | 26,554,229 | | |
$ | 1,079,542 | | |
$ | 6,640,234 | | |
$ | 62,041,532 | |
| Accumulated depreciation | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| December 31, 2023 | |
$ | 103,928 | | |
$ | 22,763,032 | | |
$ | 7,148,323 | | |
$ | 401,582 | | |
$ | 327,447 | | |
$ | 30,744,312 | |
| Depreciation | |
| 387,290 | | |
| 8,733,406 | | |
| 5,913,455 | | |
| 105,318 | | |
| 368,920 | | |
| 15,508,389 | |
| December 31, 2024 | |
| 491,218 | | |
| 31,496,438 | | |
| 13,061,778 | | |
| 506,900 | | |
| 696,367 | | |
| 46,252,701 | |
| Depreciation | |
| 403,233 | | |
| 399,341 | | |
| 5,469,650 | | |
| 105,318 | | |
| 447,054 | | |
| 6,824,596 | |
| Disposal | |
| - | | |
| (14,041,665 | ) | |
| - | | |
| - | | |
| - | | |
| (14,041,665 | ) |
| December 31, 2025 | |
$ | 894,451 | | |
$ | 17,854,114 | | |
$ | 18,531,428 | | |
$ | 612,218 | | |
$ | 1,143,421 | | |
$ | 39,035,632 | |
| Net carrying value | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| As at December 31, 2024 | |
$ | 6,603,121 | | |
$ | 399,341 | | |
$ | 11,530,429 | | |
$ | 572,642 | | |
$ | 4,538,210 | | |
$ | 23,643,743 | |
| As at December 31, 2025 | |
$ | 7,918,412 | | |
$ | 1,100,550 | | |
$ | 8,022,801 | | |
$ | 467,324 | | |
$ | 5,496,813 | | |
$ | 23,005,900 | |
| (1) | During the year ended December 31, 2025, the Corporation made capital
investments related to the development of its Tier III AI data centers segment (refer to note 20) and are included within property, plant
and equipment. Depreciation is not recognized on the AI data center assets that are not yet available for their intended use. The carrying
amount of these assets is $1,386,547. |
| (2) | At December 31, 2024, the Corporation had plant and equipment with
a carrying amount of $4,538,210 that was temporarily idle due to maintenance and repairs. The Power Plant was brought back into service
during January 2025. |
|