v3.26.1
Digital Currencies
 3 Months Ended
Mar. 31, 2026
Digital Currencies [Abstract]  
Digital currencies
3.Digital currencies

 

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

 

   As at
March 31,
2026		   As at
December 31,
2025		 
Bitcoin  $11,430,207   $11,812,321 
Ethereum   2,131,189    3,001,859 
   $13,561,396   $14,814,180 

 

The continuity of digital currencies was as follows:

 

   Number of
Ethereum		   Amount   Number of
Bitcoin		   Amount   Total 
Balance, December 31, 2024   
-
   $
-
    48   $4,525,416   $4,525,416 
Digital currencies mined and staked   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 traded for cash   
-
    
-
    (111)   (10,972,014)   (10,972,014)
Digital currencies paid for services   
-
    
-
    (9)   (843,665)   (843,665)
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, March 31, 2025   
 
    
 
    
 
    
 
    
 
 
Balance, December 31, 2025   1,009    3,001,859    133    11,812,321    14,814,180 
Digital currencies mined and staked(1)   4    10,405    
-
    37,322    47,727 
Digital currencies received from colocation services   
-
    
-
    34    2,576,804    2,576,804 
Digital currencies paid for services   
-
    
-
    (1)   (115,630)   (115,630)
Gain on sale of digital currencies   
-
    
-
    
-
    2,418    2,418 
Revaluation adjustment   -    (881,075)   -    (2,883,028)   (3,764,103)
Balance, March 31, 2026   1,013   $2,131,189    166   $11,430,207   $13,561,396 

 

(1)During the three months ended March 31, 2026, the Corporation staked 4 Ethereum.

 

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

 

   As at
March 31,
2026		   As at
December 31,
2025		 
Bitcoin  $14,313,234   $14,301,245 
Ethereum   3,012,264    4,273,011 
   $17,325,498   $18,574,256