v3.26.1
Condensed Interim Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income (Unaudited)
$ in Thousands, kr in Millions
3 Months Ended
Jun. 30, 2026
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Revenues $ 79,120 $ 45,611
Cost of sales    
Operating and maintenance costs (53,877) (28,983)
High performance computing service fees (1,055) (809)
Depreciation (53,678) (22,011)
Gross profit (29,490) (6,192)
Net realized and unrealized (loss) gain on digital currencies (809) 23,161
Operating expenses    
Selling, general, administrative expenses (9,021) (5,750)
Foreign exchange (loss) gain (2,874) 2,872
Stock-based compensation (7,082) (5,750)
Total operating expenses (18,977) (8,628)
Unrealized (loss) gain on investments 1,277 8,172
Change in fair value of derivatives (7,062) 16,436
Non-cash provision for regulatory liabilities (84,650) 0
Recovery of sales tax receivables 0 1,367
(Loss) gain on sale of equipment (960) 1,312
Other income 675 325
Finance expense (1,336) (288)
(Loss) income from operations (141,332) 35,665
Tax expense (1,575) (649)
Net (loss) income after tax (142,907) 35,016
Other comprehensive income (loss)    
Translation adjustment (859) 1,856
Net (loss) income and comprehensive (loss) income $ (143,766) $ 36,872
Basic (loss) income per share | $ / shares $ (0.54) $ 0.19
Diluted (loss) income per share | $ / shares $ (0.54) $ 0.18
Weighted average number of common shares outstanding - Basic | shares 266,251,300 182,007,767
Weighted average number of common shares outstanding - Diluted | shares 266,251,300 192,827,179
Revenue from digital currency mining [Member]    
Revenues $ 72,060 $ 40,797
High performance computing [Member]    
Revenues $ 7,060 $ 4,814