v3.26.3
Plant and Equipment
 6 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Plant and Equipment [Text Block]

7. Plant and Equipment

Property and equipment consist of the following components:

    September 30, 2026     March 31, 2026  
             
Equipment $ 648,225   $ 652,672  
Land   72,476     47,065  
Building   173,811     157,236  
Total   894,512     856,973  
Accumulated depreciation and impairment   (503,863 )   (376,497 )
Net carrying value $ 390,649   $ 480,476  

The Company depreciates its property, plant and equipment over the remaining estimated useful economic life.

During the period ended September 30, 2026, the Company assessed factors such as the challenging economics of Bitcoin mining, including lower mining revenue per unit of computing power, together with the reduction in market values for ASIC equipment. These factors reduce the cash flows and residual values expected to be recovered over the remaining useful lives of the mining equipment asset group, the Company determined that these factors were indicators of impairment. As a result, the Company performed a recoverability test under ASC 360 and determined that the undiscounted cash flows expected from the use and eventual disposition of the asset group were less than its carrying amount. The Company then measured the impairment as the amount by which the carrying amount exceeded the fair value of the impaired group, which was determined using Level 3 inputs under ASC 820. As a result, the Company recorded impairment totaling $31.2 million.

Changes of 1% in certain key assumptions, such as end of life and discount rate, would result in an increase in the non-cash impairment charge by $1,841 and $1,157, respectively.