40-F/A Filing

HIVE DIGITAL TECHNOLOGIES LTD. CIK: 1720424 FY 2021

Filing Information

Form Type	40-F/A
Accession Number	`0001062993-21-009809`
Period End Date	20210331
Filing Date	20211022
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	hive-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 52 Cash Flow Statement 76 Stockholders Equity 31

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$40.29M	USD	Point-in-time
Cash	`Cash`	$5.13M	USD	Point-in-time
Amounts receivable and prepaids	`TradeAndOtherCurrentReceivables`	$9.75M	USD	Point-in-time
Amounts receivable and prepaids	`TradeAndOtherCurrentReceivables`	$8.77M	USD	Point-in-time
Investments	`CurrentInvestments`	$981.74K	USD	Point-in-time
Investments	`CurrentInvestments`	-	USD	Point-in-time
Digital currencies	`CurrentFinancialAssetsAtFairValueThroughProfitOrLoss`	$3.46M	USD	Point-in-time
Digital currencies	`CurrentFinancialAssetsAtFairValueThroughProfitOrLoss`	$57.50M	USD	Point-in-time
Digital currencies	`CurrentFinancialAssetsAtFairValueThroughProfitOrLoss`	$4.16M	USD	Point-in-time
Total current assets	`CurrentAssets`	$18.33M	USD	Point-in-time
Total current assets	`CurrentAssets`	$107.54M	USD	Point-in-time
Data centre equipment	`PropertyPlantAndEquipment`	$21.60M	USD	Point-in-time
Data centre equipment	`PropertyPlantAndEquipment`	$6.42M	USD	Point-in-time
Deposits	`LongtermDeposits`	$45.53M	USD	Point-in-time
Deposits	`LongtermDeposits`	$1.88M	USD	Point-in-time
Investment in sublease	`InvestmentProperty`	$234.15K	USD	Point-in-time
Investment in sublease	`InvestmentProperty`	$76.74K	USD	Point-in-time
Investment in sublease	`InvestmentProperty`	-	USD	Point-in-time
Right of use asset	`RightofuseAssets`	$2.98M	USD	Point-in-time
Right of use asset	`RightofuseAssets`	$2.24M	USD	Point-in-time
Intangible asset	`IntangibleAssetsOtherThanGoodwill`	$604.07K	USD	Point-in-time
Intangible asset	`IntangibleAssetsOtherThanGoodwill`	-	USD	Point-in-time
Total assets	`Assets`	$178.33M	USD	Point-in-time
Total assets	`Assets`	$29.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`TradeAndOtherCurrentPayables`	$2.13M	USD	Point-in-time
Accounts payable and accrued liabilities	`TradeAndOtherCurrentPayables`	$3.48M	USD	Point-in-time
Taxes payable	`CurrentTaxLiabilitiesCurrent`	$73.08K	USD	Point-in-time
Taxes payable	`CurrentTaxLiabilitiesCurrent`	$830.74K	USD	Point-in-time
Current portion of lease liability	`CurrentLeaseLiabilities`	$1.57M	USD	Point-in-time
Current portion of lease liability	`CurrentLeaseLiabilities`	$1.91M	USD	Point-in-time
Loans payable	`ShorttermBorrowings`	$2.71M	USD	Point-in-time
Loans payable	`ShorttermBorrowings`	$4.40M	USD	Point-in-time
Total current liabilities	`CurrentLiabilities`	$9.86M	USD	Point-in-time
Total current liabilities	`CurrentLiabilities`	$7.24M	USD	Point-in-time
Convertible loan - liability component	`NonCurrentConvertibleLoanLiabilityComponent`	-	USD	Point-in-time
Convertible loan - liability component	`NonCurrentConvertibleLoanLiabilityComponent`	$6.29M	USD	Point-in-time
Convertible loan - derivative component	`NonCurrentConvertibleLoanDerivativeComponent`	$9.42M	USD	Point-in-time
Convertible loan - derivative component	`NonCurrentConvertibleLoanDerivativeComponent`	-	USD	Point-in-time
Loans payable	`LongtermBorrowings`	-	USD	Point-in-time
Loans payable	`LongtermBorrowings`	$17.14M	USD	Point-in-time
Lease liability	`NoncurrentLeaseLiabilities`	$1.15M	USD	Point-in-time
Lease liability	`NoncurrentLeaseLiabilities`	$775.48K	USD	Point-in-time
Total liabilities	`Liabilities`	$8.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$43.86M	USD	Point-in-time
Share capital	`IssuedCapital`	$259.91M	USD	Point-in-time
Share capital	`IssuedCapital`	$188.54M	USD	Point-in-time
Reserves and accumulated other comprehensive income	`OtherReserves`	$5.71M	USD	Point-in-time
Reserves and accumulated other comprehensive income	`OtherReserves`	$5.20M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-173.17M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-130.63M	USD	Point-in-time
Total equity	`Equity`	$21.09M	USD	Point-in-time
Total equity	`Equity`	$134.47M	USD	Point-in-time
Total equity	`Equity`	$21.95M	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$178.33M	USD	Point-in-time
Total liabilities and equity	`EquityAndLiabilities`	$29.10M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Income from digital currency mining	`Revenue`	$66.70M	USD	Annual
Income from digital currency mining	`Revenue`	$29.22M	USD	Annual
Operating and maintenance costs	`OperatingExpense`	$20.71M	USD	Annual
Operating and maintenance costs	`OperatingExpense`	$16.57M	USD	Annual
Depreciation	`DepreciationExpense`	$6.30M	USD	Annual
Depreciation	`DepreciationExpense`	$10.94M	USD	Annual
Gross profit	`GrossProfit`	$2.21M	USD	Annual
Gross profit	`GrossProfit`	$39.19M	USD	Annual
Revaluation of digital currencies	`GainLossOnRevaluationOfDigitalCurrencies`	$24.73M	USD	Annual
Revaluation of digital currencies	`GainLossOnRevaluationOfDigitalCurrencies`	$-1.19M	USD	Annual
Gain on sale of digital currencies	`GainLossOnSaleOfDigitalCurrencies`	$1.37M	USD	Annual
Gain on sale of digital currencies	`GainLossOnSaleOfDigitalCurrencies`	$8.00M	USD	Annual
Hosting revenue	`HostingRevenue`	$996.02K	USD	Annual
Hosting revenue	`HostingRevenue`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.14M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.74M	USD	Annual
Foreign exchange gain	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$1.34M	USD	Annual
Foreign exchange gain	`GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss`	$1.29M	USD	Annual
Share-based compensation	`ExpenseFromSharebasedPaymentTransactionsWithEmployees`	$686.66K	USD	Annual
Share-based compensation	`ExpenseFromSharebasedPaymentTransactionsWithEmployees`	$1.65M	USD	Annual
Expenses Total	`ExpenseByNature`	$5.50M	USD	Annual
Expenses Total	`ExpenseByNature`	$4.08M	USD	Annual
Realized gain on investments	`GainsOnDisposalsOfInvestments`	$1.27M	USD	Annual
Realized gain on investments	`GainsOnDisposalsOfInvestments`	$6.64K	USD	Annual
Unrealized gain on investments	`GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement`	$794.35K	USD	Annual
Unrealized gain on investments	`GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement`	-	USD	Annual
Change in fair value of derivative liability	`GainsLossesOnChangeInFairValueOfDerivatives`	$-857.70K	USD	Annual
Change in fair value of derivative liability	`GainsLossesOnChangeInFairValueOfDerivatives`	-	USD	Annual
Loss on sale of subsidiary	`GainsLossesRecognisedWhenControlInSubsidiaryIsLost`	-	USD	Annual
Loss on sale of subsidiary	`GainsLossesRecognisedWhenControlInSubsidiaryIsLost`	$-23.44M	USD	Annual
Finance expense	`FinanceCosts`	$418.89K	USD	Annual
Finance expense	`FinanceCosts`	$1.21M	USD	Annual
Net income (loss) before tax for the year	`ProfitLossBeforeTax`	$42.69M	USD	Annual
Net income (loss) before tax for the year	`ProfitLossBeforeTax`	$-832.08K	USD	Annual
Tax expense	`IncomeTaxExpenseContinuingOperations`	$151.37K	USD	Annual
Tax expense	`IncomeTaxExpenseContinuingOperations`	$830.74K	USD	Annual
Net income (loss) for the year	`ProfitLoss`	$42.54M	USD	Annual
Net income (loss) for the year	`ProfitLoss`	$-1.66M	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	$-215.25K	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	$363.12K	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncome`	$-215.25K	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncome`	$363.12K	USD	Annual
Net income (loss) and comprehensive income (loss) for the year	`ComprehensiveIncome`	$42.90M	USD	Annual
Net income (loss) and comprehensive income (loss) for the year	`ComprehensiveIncome`	$-1.88M	USD	Annual
Basic income (loss) per share (in dollars per share)	`BasicEarningsLossPerShare`	$-0.01	USD	Annual
Basic income (loss) per share (in dollars per share)	`BasicEarningsLossPerShare`	$0.12	USD	Annual
Diluted income (loss) per share (in dollars per share)	`DilutedEarningsLossPerShare`	$0.12	USD	Annual
Diluted income (loss) per share (in dollars per share)	`DilutedEarningsLossPerShare`	$-0.01	USD	Annual
Basic (in shares)	`WeightedAverageShares`	326.89M	shares	Annual
Basic (in shares)	`WeightedAverageShares`	347.06M	shares	Annual
Diluted (in shares)	`AdjustedWeightedAverageShares`	326.89M	shares	Annual
Diluted (in shares)	`AdjustedWeightedAverageShares`	366.45M	shares	Annual

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Income (loss) for the year:	`ProfitLoss`	$42.54M	USD	Annual
Income (loss) for the year:	`ProfitLoss`	$-1.66M	USD	Annual
Depreciation	`AdjustmentsForDepreciationExpense`	$6.30M	USD	Annual
Depreciation	`AdjustmentsForDepreciationExpense`	$10.67M	USD	Annual
Realized gain on investment	`AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty`	$1.27M	USD	Annual
Realized gain on investment	`AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty`	-	USD	Annual
Loss on sale of subsidiary	`AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates`	$-23.45M	USD	Annual
Loss on sale of subsidiary	`AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates`	-	USD	Annual
Unrealized gain on investment	`AdjustmentsForUnrealizedGainLossesOnInvestment`	-	USD	Annual
Unrealized gain on investment	`AdjustmentsForUnrealizedGainLossesOnInvestment`	$794.35K	USD	Annual
Change in fair value of derivative liability	`AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives`	-	USD	Annual
Change in fair value of derivative liability	`AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives`	$-857.70K	USD	Annual
Accretion on convertible debt - liability portion	`AdjustmentsForAccretionOnConvertibleDebt`	$509.70K	USD	Annual
Accretion on convertible debt - liability portion	`AdjustmentsForAccretionOnConvertibleDebt`	-	USD	Annual
Share-based compensation	`AdjustmentsForSharebasedPayments`	$1.65M	USD	Annual
Share-based compensation	`AdjustmentsForSharebasedPayments`	$686.66K	USD	Annual
Interest expense	`AdjustmentsForInterestExpense`	$434.49K	USD	Annual
Interest expense	`AdjustmentsForInterestExpense`	$96.26K	USD	Annual
Amounts receivable and prepaids	`AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables`	$-8.48M	USD	Annual
Amounts receivable and prepaids	`AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables`	$-5.51M	USD	Annual
Taxes payable	`AdjustmentsForIncreaseDecreaseInOtherLiabilities`	$-757.66K	USD	Annual
Taxes payable	`AdjustmentsForIncreaseDecreaseInOtherLiabilities`	$830.74K	USD	Annual
Digital currencies	`AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading`	$5.38M	USD	Annual
Digital currencies	`AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading`	$-52.48M	USD	Annual
Accounts payable and accrued liabilities	`AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables`	$-1.11M	USD	Annual
Accounts payable and accrued liabilities	`AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables`	$2.38M	USD	Annual
Cash provided by operating activities	`CashFlowsFromUsedInOperatingActivities`	$22.95M	USD	Annual
Cash provided by operating activities	`CashFlowsFromUsedInOperatingActivities`	$769.51K	USD	Annual
Deposits on equipment	`CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments`	$-43.89M	USD	Annual
Deposits on equipment	`CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments`	$-1.88M	USD	Annual
Quebec acquisition	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	-	USD	Annual
Quebec acquisition	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	$967.40K	USD	Annual
Investments	`PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	-	USD	Annual
Investments	`PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod`	$187.39K	USD	Annual
Purchase of mining equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	-	USD	Annual
Purchase of mining equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$21.35M	USD	Annual
Cash divested from sale of subsidiary	`CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	$-464.12K	USD	Annual
Cash divested from sale of subsidiary	`CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	-	USD	Annual
Cash used in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-66.86M	USD	Annual
Cash used in investing activities	`CashFlowsFromUsedInInvestingActivities`	$-1.88M	USD	Annual
Exercise of options	`ProceedsFromExerciseOfOptions`	$329.32K	USD	Annual
Exercise of options	`ProceedsFromExerciseOfOptions`	$1.80M	USD	Annual
Shares offering	`ProceedsFromIssuingShares`	-	USD	Annual
Shares offering	`ProceedsFromIssuingShares`	$64.54M	USD	Annual
Issuance of debenture	`ProceedsFromIssueOfBondsNotesAndDebentures`	-	USD	Annual
Issuance of debenture	`ProceedsFromIssueOfBondsNotesAndDebentures`	$15.00M	USD	Annual
Repayment of debenture	`RepaymentsOfBondsNotesAndDebentures`	$658.33K	USD	Annual
Repayment of debenture	`RepaymentsOfBondsNotesAndDebentures`	-	USD	Annual
Lease payments made, net of lease payments received	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$2.39M	USD	Annual
Lease payments made, net of lease payments received	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$670.49K	USD	Annual
Cash (used in) provided by financing activities	`CashFlowsFromUsedInFinancingActivities`	$78.29M	USD	Annual
Cash (used in) provided by financing activities	`CashFlowsFromUsedInFinancingActivities`	$-341.16K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-229.19K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$775.83K	USD	Annual
Net increase in cash during the year	`IncreaseDecreaseInCashAndCashEquivalents`	$35.16M	USD	Annual
Net increase in cash during the year	`IncreaseDecreaseInCashAndCashEquivalents`	$-1.68M	USD	Annual
Cash, beginning of year	`CashAndCashEquivalents`	$40.29M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalents`	$6.81M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalents`	$5.13M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalents`	$40.29M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalents`	$6.81M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalents`	$5.13M	USD	Point-in-time
Share consideration issued for Quebec acquisition	`ShareConsiderationIssuedForAcquisition`	$2.46M	USD	Annual
Share consideration issued for Quebec acquisition	`ShareConsiderationIssuedForAcquisition`	-	USD	Annual
Digital assets in amounts receivable and prepaids	`DigitalAssetsInAmountsReceivableAndPrepaid`	-	USD	Annual
Digital assets in amounts receivable and prepaids	`DigitalAssetsInAmountsReceivableAndPrepaid`	$255.62K	USD	Annual
Digital asset consideration received on investment redemption	`DigitalAssetConsiderationReceivedOnInvestmentRedemption`	$3.29M	USD	Annual
Digital asset consideration received on investment redemption	`DigitalAssetConsiderationReceivedOnInvestmentRedemption`	-	USD	Annual
Derecognition of ROU asset sub-leased	`DerecognitionOfRightOfUseAssetSubLeased`	$300.30K	USD	Annual
Derecognition of ROU asset sub-leased	`DerecognitionOfRightOfUseAssetSubLeased`	-	USD	Annual
Recognition of right of use assets and lease liabilities	`RecognitionOfRightOfUseAssetsAndLeaseLiabilities`	$3.15M	USD	Annual
Recognition of right of use assets and lease liabilities	`RecognitionOfRightOfUseAssetsAndLeaseLiabilities`	-	USD	Annual
Interest Paid	`InterestPaid`	-	USD	Annual
Interest Paid	`InterestPaid`	$259.73K	USD	Annual
Income taxes paid	`IncomeTaxesPaidRefund`	$151.37K	USD	Annual
Income taxes paid	`IncomeTaxesPaidRefund`	-	USD	Annual

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`Equity`	$21.09M	USD	Point-in-time
Beginning Balance	`Equity`	$134.47M	USD	Point-in-time
Beginning Balance	`Equity`	$21.95M	USD	Point-in-time
Beginning Balance (shares)	`NumberOfSharesOutstanding`	327.15M	shares	Point-in-time
Beginning Balance (shares)	`NumberOfSharesOutstanding`	367.71M	shares	Point-in-time
Beginning Balance (shares)	`NumberOfSharesOutstanding`	325.68M	shares	Point-in-time
Share-based compensation	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$686.66K	USD	Annual
Share-based compensation	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$1.65M	USD	Annual
Shares offering	`ValueOfCommonSharesIssuedInAtmEquityProgram`	$64.54M	USD	Annual
Shares offering (shares)	`NumberOfCommonSharesIssuedInAtmEquityProgram`	16.36M	shares	Annual
Share issuance costs	`ShareIssueRelatedCost`	$1.84M	USD	Annual
Quebec acquisition	`IncreaseDecreaseThroughAcquisitionOfSubsidiary`	$2.46M	USD	Annual
Quebec acquisition (shares)	`NumberOfCommonSharesIssuedInAcquisition`	15.00M	shares	Annual
Exercise of options	`IncreaseDecreaseThroughExerciseOfOptions`	$3.78M	USD	Annual
Exercise of options	`IncreaseDecreaseThroughExerciseOfOptions`	$329.32K	USD	Annual
Exercise of options (shares)	`IncreaseDecreaseThroughStockOptionsExercisedShares`	1.47M	shares	Annual
Exercise of options (shares)	`IncreaseDecreaseThroughStockOptionsExercisedShares`	7.48M	shares	Annual
Vesting of restricted stock units	`IncreaseDecreaseThroughVestingOfRestrictedStockUnits`	$-133.97K	USD	Annual
Vesting of restricted stock units (shares)	`NumberOfCommonSharesIssuedPursuantToVestingOfRestrictedShareUnits`	1.63M	shares	Annual
Shares issued for services	`IncreaseDecreaseThroughSharesIssuedForServices`	$24.45K	USD	Annual
Shares issued for services (shares)	`NumberOfCommonSharesIssuedToContractorForServices`	100,000.00	shares	Annual
Income (loss) for the year:	`ProfitLoss`	$42.54M	USD	Annual
Income (loss) for the year:	`ProfitLoss`	$-1.66M	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	$-215.25K	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	$363.12K	USD	Annual
Ending Balance	`Equity`	$21.09M	USD	Point-in-time
Ending Balance	`Equity`	$134.47M	USD	Point-in-time
Ending Balance	`Equity`	$21.95M	USD	Point-in-time
Ending Balance (shares)	`NumberOfSharesOutstanding`	327.15M	shares	Point-in-time
Ending Balance (shares)	`NumberOfSharesOutstanding`	367.71M	shares	Point-in-time
Ending Balance (shares)	`NumberOfSharesOutstanding`	325.68M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.