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:
The total net realized and unrealized gains (losses) on digital currencies during the three and six month period ended of September 30, 2026 was $5.3 million and $4.5 million, respectively (September 30, 2025 - gain of $4.6 million and loss of $27.7 million, respectively) includes cumulative realized gains of $1.9 million and $2.6 million, respectively, (September 30, 2025 - cumulative realized gains of $4.2 million and $21.5 million, respectively) and revaluation adjustment gain of $3.4 million and $1.9 million, respectively (September 30, 2025 - revaluation adjustment gain of $0.4 million and $6.2 million, respectively). During the three month and six month period ended September 30, 2026, the Company sold digital currencies for proceeds totalling $70 million and $140.8 million, respectively (September 30, 2025 - $118.6 million and $325.8 million, respectively). (i) The Company enters into certain equipment purchase agreements whereby the Company has the right to pay for the equipment deposit using Bitcoin (BTC). If the deposit is paid in BTC the Company has an option to repurchase the bitcoin in the future at the price on the date that that the deposit in BTC was made. During the six month period ended September 30, 2026, the Company exercised certain options and repurchased a total of 259 Bitcoin at a strike price between $87 to $88.
During the six month period ended September 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 BTC. 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 re-valued each reporting period. As at September 30, 2026 and March 31, 2026, the options were valued using the Black-Scholes option pricing model with the following assumptions:
As of September 30, 2026, the Company holds options to repurchase 212 Bitcoin (March 31, 2026 - 166) and the fair value of these options is $0.3 million (March 31, 2026 - $0.6 million). During the three and six month period ended September 30, 2026, the Company recognized a remeasurement gain of $0.2 million and $0.5 million, respectively (September 30, 2025 - $0.9 and $17.5, respectively) (Note 25). The derivative asset continuity is outlined below:
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