v3.26.1
Condensed Interim Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands, kr in Millions
3 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash flows from operating activities    
Net (loss) income for the period $ (142,907) $ 35,016
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Revenue recognized from digital currency mined (72,060) (40,797)
Proceeds from sale of digital currency 65,803 66,447
Revaluation of digital currency 809 (23,161)
Depreciation 53,678 22,011
Non-cash lease expense 4,966 2,484
Unrealized 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 mining assets 960 (1,312)
Income tax expense 1,575 649
Accretion on convertible debt 211 138
Share-based compensation 7,082 5,750
Interest expense 438 72
Unrealized foreign exchange (540) (2,832)
Lease payments on operating leases (4,120) (867)
Changes in non-working capital items    
Amounts receivable and prepaids (3,225) (17,941)
Accounts payable and accrued liabilities 952 (9,454)
Net cash provided by operating activities 4,057 10,228
Cash flows from investing activities    
Deposits on equipment (27,527) (15,978)
Purchases of investments 0 (126)
Proceeds on disposal of equipment 1,574 1,475
Purchase of equipment (3,456) (31,379)
Purchase of property (14,745) 0
Payment of security deposits (3,964) (15,948)
Net cash used in investing activities (48,118) (61,956)
Cash flows from financing activities    
Proceeds from exercise of options 0 738
Term loan payments (411) (410)
Shares offering 30,026 68,024
Repayment of loans (216) 0
Repayment of acquisition loan payable 0 (15,500)
Issuance of debentures 199,163 0
Net cash provided by financing activities 228,562 52,852
Effects of exchange rate changes on cash 425 102
Net change in cash during the year 184,926 1,226
Cash and cash equivalents    
Beginning of the year 23,113 23,375
End of the year $ 208,039 $ 24,601