PROPERTY, PLANT, AND EQUIPMENT AND RIGHT-OF-USE ASSETS

12 Months Ended

Mar. 31, 2026

Property Plant And Equipment And Right-of-use Assets

PROPERTY, PLANT, AND EQUIPMENT AND RIGHT-OF-USE ASSETS

NOTE 9. PROPERTY, PLANT, AND EQUIPMENT AND RIGHT-OF-USE ASSETS

The table below presents the carrying value of property, plant, and equipment, equipment deposits, and right-of-use assets (in thousands):


COST		GPUs				GPU Deposits				Right-of-Use Asset				Total
As of March 31, 2024		$	—			$	—			$	84			$	84
Fixed asset additions			—				—				—				—
Fixed asset disposals			—				—				(84	)			(84	)
As of March 31, 2025		$	—			$	—			$	—			$	—
Fixed asset additions			1,373				9,308				516				11,197
Fixed asset disposals			—				—				—				—
As of March 31, 2026		$	1,373			$	9,308			$	516			$	11,197


ACCUMULATED DEPRECIATION		GPUs				GPU Deposits				Right-of-Use Asset				Total
As of March 31, 2024		$	—			$	—			$	(40	)		$	(40	)
Fixed asset depreciation			—				—				(44	)			(44	)
Fixed asset disposals			—				—				84				84
As of March 31, 2025		$	—			$	—			$	—			$	—
Fixed asset depreciation			(90	)			—				(103	)			(193	)
Fixed asset disposals			—				—				—				—
As of March 31, 2026		$	(90	)		$	—			$	(103	)		$	(193	)


CARRYING AMOUNT		GPUs				GPU Deposits				Right-of-Use Asset				Total
As of March 31, 2025		$	—			$	—			$	—			$	—
As of March 31, 2026		$	1,283			$	9,308			$	413			$	11,004

* Refer to Note 13 for additional information on the Company’s office lease.