Digital Currencies |
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| Digital Currencies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Digital Currencies [Text Block] |
6. Digital Currencies Digital currencies are recognized at their fair value on the date they are received as revenue from digital currency mining and are revalued to their current market value at each reporting date. The Company's holdings of digital currencies consist of the following:
The continuity of digital currencies was as follows:
The following table summarizes the Company's net realized and unrealized gains (losses) on digital currencies:
During the period ended June 30, 2026, the Company sold digital currencies for proceeds totalling $70.8 million (June 30, 2025 - $265.5 million) (i) The Company enters into certain equipment purchase agreements whereby the Company has the right to pay for the equipment deposit using Bitcoin. If the deposit is paid in Bitcoin the Company has an option to repurchase the Bitcoin in the future at the price on the date that the deposit in Bitcoin was made. During the period ended June 30, 2025 the Company exercised certain options and repurchased a total of 86 Bitcoin at a strike price of $88 resulting in a gain of $1.4 million in the condensed interim consolidated statements of loss and comprehensive loss (Note 25). There were no exercises during period ended June 30, 2026. During the period ended June 30, 2026 the Company transferred 46 Bitcoin (March 31, 2026 - 2,139 Bitcoin), as a deposit on equipment and received an option to repurchase the Bitcoin. The option is initially measured at fair value on the respective issuance dates included in the table below, using the Black- Scholes option pricing model with the following assumptions:
The options are remeasured each reporting period. As at June 30, 2026 and March 31, 2026, the options were valued using the Black-Scholes option pricing model with the following assumptions:
As at June 30, 2026, the Company holds options to repurchase 212 Bitcoin (March 31, 2026 - 166) and the fair value of these options is $0.1 million (March 31, 2026 - $0.6 million). During the period ended June 30, 2026, the Company recognized a remeasurement loss of $0.7 million (June 30, 2025 - remeasurement gain of $16.6 million) (Note 25). The derivative asset continuity is outlined below:
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