| Schedule of Property, Plant and Equipment |
| | |
Land and
buildings(1) | | |
Data miners | | |
Equipment(1)(2) | | |
Leasehold
improvement | | |
Power plant | | |
Total | |
| Cost | |
| | |
| | |
| | |
| | |
| | |
| |
| 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 | |
| Additions | |
| 3,732,407 | | |
| - | | |
| 51,286,980 | | |
| - | | |
| 671,302 | | |
| 55,690,689 | |
| June 30, 2026 | |
$ | 12,545,270 | | |
$ | 18,954,664 | | |
$ | 77,841,209 | | |
$ | 1,079,542 | | |
$ | 7,311,536 | | |
$ | 117,732,221 | |
| Accumulated depreciation | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| 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 | |
| Impairment | |
| | | |
| (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 | |
| Depreciation | |
| 249,500 | | |
| 183,423 | | |
| 4,705,235 | | |
| 52,659 | | |
| 263,406 | | |
| 5,454,223 | |
| June 30, 2026 | |
$ | 1,143,951 | | |
$ | 18,037,537 | | |
$ | 23,236,663 | | |
$ | 664,877 | | |
$ | 1,406,827 | | |
$ | 44,489,855 | |
| Net carrying value | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| As at December 31, 2025 | |
$ | 7,918,412 | | |
$ | 1,100,550 | | |
$ | 8,022,801 | | |
$ | 467,324 | | |
$ | 5,496,813 | | |
$ | 23,005,900 | |
| As at June 30, 2026 | |
$ | 11,401,319 | | |
$ | 917,127 | | |
$ | 54,604,546 | | |
$ | 414,665 | | |
$ | 5,904,709 | | |
$ | 73,242,366 | |
| (1) | As at June 30, 2026, the
Corporation made capital investments related to the development of its Tier III AI data centers segment (see Note 18 to the Condensed
Interim Consolidated Financial Statements) 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 $6,904,884. |
| (2) | Equipment
subject to operating leases are stated at cost less accumulated depreciation and are classified as property and equipment on the
consolidated balance sheets. Equipment subject to operating leases includes $48,296,097 of computing
hardware leased to customers. Depreciation is computed using the straight-line method over an estimated useful life of the greater of
the lease term or 3 years. |
|