v3.26.3
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income (loss) $ (221,608) $ 19,219
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Revenue recognized from digital currency (148,098) (122,870)
Proceeds from sale of digital currency 135,776 123,917
Revaluation of digital currency (4,502) (27,714)
Digital currency purchased 0 (18,330)
Depreciation 108,541 60,303
Non-cash lease expense 9,874 1,465
Unrealized gain on investments (390) 110
Change in fair value of derivative liability 14,374 (14,173)
Gain on sale of equipment 944 (1,360)
Provision on sales tax receivables 0 (1,367)
Non-cash impairment of equipment 31,187 0
Provision for regulatory liabilities 84,473 0
Income tax expense 1,742 1,668
Accretion on convertible debt 744 315
Share-based compensation 15,710 11,222
Interest expense 807 151
Foreign exchange (gain) loss (1,029) (2,391)
Lease payments on operating leases (8,223) (1,644)
Changes in non-working capital items    
Amounts receivable and prepaids (2,221) (41,739)
Accounts payable and accrued liabilities (5,905) 12,834
Net cash provided by (used in) operating activities 12,196 (384)
Cash flows from investing activities    
Deposits on equipment (90,957) (10,895)
Purchase of investments (1,037) (907)
Proceeds on disposal of equipment 1,589 1,533
Purchase of equipment (18,034) (64,795)
Purchase of property (22,026) 0
Payment of security deposits (5,560) (23,788)
Acquisition of Megawatt Mining 0 (9,249)
Net cash used in investing activities (136,025) (108,101)
Cash flows from financing activities    
Exercise of options 0 738
Term loan payments (819) (823)
Shares offering 41,583 139,163
Repayment of loans (494) 0
Issuance of debenture 199,011 0
Repayment of acquisition loan payable 0 (31,000)
Repayment of debenture 0 (750)
Net cash provided by financing activities 239,281 107,328
Effects of exchange rate changes on cash 425 425
Net change in cash during the period 115,877 (732)
Cash, restricted cash equivalents and bank overdraft    
Beginning of period 23,113 23,375
End of period $ 138,990 $ 22,643