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40-F Filing

HIVE DIGITAL TECHNOLOGIES LTD. CIK: 1720424 FY 2021
Filing Information
Form Type 40-F
Accession Number 0001062993-22-016645
Period End Date 20220331
Filing Date 20220722
Fiscal Year 2021
Fiscal Period FY
XBRL Instance form40f_htm.xml
Filing Contents
Balance Sheet 65 line items
Line Item Tag Value Unit Period
Cash Cash $5.32M USD Point-in-time
Cash Cash $40.29M USD Point-in-time
Amounts receivable and prepaids TradeAndOtherCurrentReceivables $7.98M USD Point-in-time
Amounts receivable and prepaids TradeAndOtherCurrentReceivables $8.77M USD Point-in-time
Investments CurrentInvestments - USD Point-in-time
Investments CurrentInvestments $981.74K USD Point-in-time
Investments CurrentInvestments $17.00M USD Point-in-time
Digital currencies CurrentFinancialAssetsAtFairValueThroughProfitOrLoss $57.50M USD Point-in-time
Digital currencies CurrentFinancialAssetsAtFairValueThroughProfitOrLoss $170.00M USD Point-in-time
Total current assets CurrentAssets $107.54M USD Point-in-time
Total current assets CurrentAssets $200.30M USD Point-in-time
Plant and equipment PropertyPlantAndEquipment $21.60M USD Point-in-time
Plant and equipment PropertyPlantAndEquipment $177.54M USD Point-in-time
Long term receivable NoncurrentReceivables - USD Point-in-time
Long term receivable NoncurrentReceivables $1.82M USD Point-in-time
Deposits LongtermDeposits $45.53M USD Point-in-time
Deposits LongtermDeposits $59.69M 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 $12.59M USD Point-in-time
Right of use asset RightofuseAssets $2.98M USD Point-in-time
Goodwill and intangible asset IntangibleAssetsAndGoodwill $604.07K USD Point-in-time
Goodwill and intangible asset IntangibleAssetsAndGoodwill $335.59K USD Point-in-time
Goodwill and intangible asset IntangibleAssetsAndGoodwill - USD Point-in-time
Total assets Assets $452.27M USD Point-in-time
Total assets Assets $178.33M USD Point-in-time
Accounts payable and accrued liabilities TradeAndOtherCurrentPayables $12.38M USD Point-in-time
Accounts payable and accrued liabilities TradeAndOtherCurrentPayables $3.48M USD Point-in-time
Taxes payable CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax $126.80K USD Point-in-time
Taxes payable CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax $73.08K USD Point-in-time
Current portion of lease liability CurrentLeaseLiabilities $1.91M USD Point-in-time
Current portion of lease liability CurrentLeaseLiabilities $2.16M USD Point-in-time
Term loan LoansReceived - USD Point-in-time
Term loan LoansReceived $9.38M USD Point-in-time
Loans payable ShorttermBorrowings $1.22M USD Point-in-time
Loans payable ShorttermBorrowings $4.40M USD Point-in-time
Current income tax liability CurrentTaxLiabilitiesCurrent - USD Point-in-time
Current income tax liability CurrentTaxLiabilitiesCurrent $887.00K USD Point-in-time
Total current liabilities CurrentLiabilities $26.15M USD Point-in-time
Total current liabilities CurrentLiabilities $9.86M USD Point-in-time
Convertible loan - liability component NonCurrentConvertibleLoanLiabilityComponent $5.60M USD Point-in-time
Convertible loan - liability component NonCurrentConvertibleLoanLiabilityComponent $6.29M USD Point-in-time
Convertible loan - derivative component NonCurrentConvertibleLoanDerivativeComponent $4.99M USD Point-in-time
Convertible loan - derivative component NonCurrentConvertibleLoanDerivativeComponent $15.74M USD Point-in-time
Loans payable LongtermBorrowings $17.14M USD Point-in-time
Loans payable LongtermBorrowings $14.47M USD Point-in-time
Lease liability NoncurrentLeaseLiabilities $10.48M USD Point-in-time
Lease liability NoncurrentLeaseLiabilities $1.15M USD Point-in-time
Deferred tax liability DeferredTaxLiabilityAsset - USD Point-in-time
Deferred tax liability DeferredTaxLiabilityAsset $1.53M USD Point-in-time
Total liabilities Liabilities $50.18M USD Point-in-time
Total liabilities Liabilities $63.22M USD Point-in-time
Share capital IssuedCapital $259.91M USD Point-in-time
Share capital IssuedCapital $413.66M USD Point-in-time
Equity Reserve EquityReserve $12.24M USD Point-in-time
Equity Reserve EquityReserve $5.10M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncome $23.40M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncome $10.06M USD Point-in-time
Accumulated deficit RetainedEarnings $-60.24M USD Point-in-time
Accumulated deficit RetainedEarnings $-146.90M USD Point-in-time
Total equity Equity $389.05M USD Point-in-time
Total equity Equity $21.09M USD Point-in-time
Total equity Equity $128.15M USD Point-in-time
Total liabilities and equity EquityAndLiabilities $452.27M USD Point-in-time
Total liabilities and equity EquityAndLiabilities $178.33M USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Revenue from digital currency mining RevenueFromDigitalCurrencyMining $209.61M USD Annual
Revenue from digital currency mining RevenueFromDigitalCurrencyMining $66.70M USD Annual
Hosting revenue HostingRevenue $1.58M USD Annual
Hosting revenue HostingRevenue $996.02K USD Annual
Total revenue Revenue $211.18M USD Annual
Total revenue Revenue $67.69M USD Annual
Operating and maintenance costs OperatingExpense $16.57M USD Annual
Operating and maintenance costs OperatingExpense $47.25M USD Annual
Depreciation DepreciationExpense $67.02M USD Annual
Depreciation DepreciationExpense $10.94M USD Annual
Gross profit GrossProfit $96.91M USD Annual
Gross profit GrossProfit $40.18M USD Annual
Revaluation of digital currencies GainLossOnRevaluationOfDigitalCurrencies $24.58K USD Annual
Revaluation of digital currencies GainLossOnRevaluationOfDigitalCurrencies $14.77M USD Annual
Gain on sale of digital currencies GainOnSaleOfDigitalCurrenciesRecognizedInNetIncome $51.28K USD Annual
Gain on sale of digital currencies GainOnSaleOfDigitalCurrenciesRecognizedInNetIncome $5.88M USD Annual
General and administrative GeneralAndAdministrativeExpense $10.95M USD Annual
General and administrative GeneralAndAdministrativeExpense $5.14M USD Annual
Foreign exchange gain (loss) GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss $1.29M USD Annual
Foreign exchange gain (loss) GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss $3.30M USD Annual
Share-based compensation ExpenseFromSharebasedPaymentTransactionsWithEmployees $6.75M USD Annual
Share-based compensation ExpenseFromSharebasedPaymentTransactionsWithEmployees $1.65M USD Annual
Expenses Total ExpenseByNature $5.50M USD Annual
Expenses Total ExpenseByNature $14.41M USD Annual
Realized gain on investments GainsOnDisposalsOfInvestments - USD Annual
Realized gain on investments GainsOnDisposalsOfInvestments $6.64K USD Annual
Unrealized (loss) gain on investments GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement $-837.82K USD Annual
Unrealized (loss) gain on investments GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement $794.35K USD Annual
Change in fair value of derivative liability GainsLossesOnChangeInFairValueOfDerivatives $-7.18M USD Annual
Change in fair value of derivative liability GainsLossesOnChangeInFairValueOfDerivatives $10.75M USD Annual
Change in fair value of contingent consideration ChangeInFairValueOfContingentConsideration $1.37M USD Annual
Change in fair value of contingent consideration ChangeInFairValueOfContingentConsideration - USD Annual
Impairment of goodwill and intangibles ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss - USD Annual
Impairment of goodwill and intangibles ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss $13.33M USD Annual
Gain (loss) on sale of subsidiary GainsLossesRecognisedWhenControlInSubsidiaryIsLost $-23.44M USD Annual
Gain (loss) on sale of subsidiary GainsLossesRecognisedWhenControlInSubsidiaryIsLost $3.17M USD Annual
Gain on sale of mining assets GainOnSaleOfMiningAssets $2.21M USD Annual
Gain on sale of mining assets GainOnSaleOfMiningAssets - USD Annual
Finance expense FinanceCosts $1.21M USD Annual
Finance expense FinanceCosts $3.87M USD Annual
Net income before tax for the year ProfitLossBeforeTax $24.30M USD Annual
Net income before tax for the year ProfitLossBeforeTax $82.04M USD Annual
Tax expense IncomeTaxExpenseContinuingOperations $2.42M USD Annual
Tax expense IncomeTaxExpenseContinuingOperations $151.37K USD Annual
Net income for the year ProfitLoss $79.62M USD Annual
Net income for the year ProfitLoss $24.14M USD Annual
Revaluation gain on digital currencies OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation $12.25M USD Annual
Revaluation gain on digital currencies OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation $9.96M USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $363.12K USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $1.09M USD Annual
Net income and comprehensive income for the year ComprehensiveIncome $34.46M USD Annual
Net income and comprehensive income for the year ComprehensiveIncome $92.96M USD Annual
Basic income per share BasicEarningsLossPerShare $1.02 USD Annual
Basic income per share BasicEarningsLossPerShare $0.35 USD Annual
Diluted income per share DilutedEarningsLossPerShare $0.94 USD Annual
Diluted income per share DilutedEarningsLossPerShare $0.33 USD Annual
Basic (in shares) WeightedAverageShares 77.72M shares Annual
Basic (in shares) WeightedAverageShares 69.41M shares Annual
Diluted (in shares) AdjustedWeightedAverageShares 73.29M shares Annual
Diluted (in shares) AdjustedWeightedAverageShares 84.81M shares Annual
Cash Flow Statement 88 line items
Line Item Tag Value Unit Period
Income for the year: ProfitLoss $79.62M USD Annual
Income for the year: ProfitLoss $24.14M USD Annual
Depreciation and amortization AdjustmentsForDepreciationExpense $67.02M USD Annual
Depreciation and amortization AdjustmentsForDepreciationExpense $10.67M USD Annual
Loss on sale of subsidiary (gain) AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates $-23.45M USD Annual
Loss on sale of subsidiary (gain) AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates $3.17M USD Annual
Loss (gain) on investment AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty $794.35K USD Annual
Loss (gain) on investment AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty $-837.82K USD Annual
Change in fair value of contingent consideration ChangeInFairValueOfContingentConsideration $1.37M USD Annual
Change in fair value of contingent consideration ChangeInFairValueOfContingentConsideration - USD Annual
Impairment of goodwill and intangibles AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill - USD Annual
Impairment of goodwill and intangibles AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill $13.33M USD Annual
Change in fair value of derivative liability AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives $-7.18M USD Annual
Change in fair value of derivative liability AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives $10.75M USD Annual
Accretion and interest on convertible debt AdjustmentsForAccretionOnConvertibleDebt $3.37M USD Annual
Accretion and interest on convertible debt AdjustmentsForAccretionOnConvertibleDebt $509.70K USD Annual
Tax expense AdjustmentsForIncomeTaxExpense $2.42M USD Annual
Tax expense AdjustmentsForIncomeTaxExpense - USD Annual
Share-based compensation AdjustmentsForSharebasedPayments $6.75M USD Annual
Share-based compensation AdjustmentsForSharebasedPayments $1.65M USD Annual
Interest expense AdjustmentsForInterestExpense $434.49K USD Annual
Interest expense AdjustmentsForInterestExpense $597.11K USD Annual
Foreign exchange gain (loss) AdjustmentsForUnrealisedForeignExchangeLossesGains $-3.30M USD Annual
Foreign exchange gain (loss) AdjustmentsForUnrealisedForeignExchangeLossesGains $743.56K USD Annual
Amounts receivable and prepaids AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables $60.01K USD Annual
Amounts receivable and prepaids AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables $-5.51M USD Annual
Taxes payable AdjustmentsForIncreaseDecreaseInOtherLiabilities $53.72K USD Annual
Taxes payable AdjustmentsForIncreaseDecreaseInOtherLiabilities $-757.66K USD Annual
Digital currencies AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading $-92.12M USD Annual
Digital currencies AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading $-40.41M USD Annual
Accounts payable and accrued liabilities AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables $2.38M USD Annual
Accounts payable and accrued liabilities AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables $5.14M USD Annual
Cash provided by operating activities CashFlowsFromUsedInOperatingActivities $68.49M USD Annual
Cash provided by operating activities CashFlowsFromUsedInOperatingActivities $23.69M USD Annual
Deposits on equipment CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments $-14.50M USD Annual
Deposits on equipment CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments $-43.89M USD Annual
Investments PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod $187.39K USD Annual
Investments PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod $1.89M USD Annual
Quebec acquisition CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities $967.40K USD Annual
Quebec acquisition CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities - USD Annual
Proceeds from disposal of mining equipment ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $2.98M USD Annual
Proceeds from disposal of mining equipment ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities - USD Annual
Purchase of mining equipment PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $21.35M USD Annual
Purchase of mining equipment PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $200.55M USD Annual
Cash divested from sale of subsidiary CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities $-237.25K USD Annual
Cash divested from sale of subsidiary CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities $-464.12K USD Annual
Cash used in investing activities CashFlowsFromUsedInInvestingActivities $-214.19M USD Annual
Cash used in investing activities CashFlowsFromUsedInInvestingActivities $-66.86M USD Annual
Exercise of options ProceedsFromExerciseOfOptions $2.06M USD Annual
Exercise of options ProceedsFromExerciseOfOptions $1.80M USD Annual
Shares offering ProceedsFromIssuingShares $33.91M USD Annual
Shares offering ProceedsFromIssuingShares $64.54M USD Annual
Issuance of warrants IssuanceOfWarrants - USD Annual
Issuance of warrants IssuanceOfWarrants $83.98M USD Annual
Repayment of loan RepaymentOfLoan $-2.40M USD Annual
Repayment of loan RepaymentOfLoan - USD Annual
Issuance of debenture ProceedsFromIssueOfBondsNotesAndDebentures $15.00M USD Annual
Issuance of debenture ProceedsFromIssueOfBondsNotesAndDebentures - USD Annual
Repayment of debenture RepaymentsOfBondsNotesAndDebentures $658.33K USD Annual
Repayment of debenture RepaymentsOfBondsNotesAndDebentures $4.06M USD Annual
Lease payments made, net of lease payments received PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities $2.39M USD Annual
Lease payments made, net of lease payments received PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities $2.72M USD Annual
Cash provided by financing activities CashFlowsFromUsedInFinancingActivities $78.29M USD Annual
Cash provided by financing activities CashFlowsFromUsedInFinancingActivities $110.77M USD Annual
Effect of exchange rate changes on cash EffectOfExchangeRateChangesOnCashAndCashEquivalents $32.27K USD Annual
Effect of exchange rate changes on cash EffectOfExchangeRateChangesOnCashAndCashEquivalents $-38.27K USD Annual
Net increase in cash during the year IncreaseDecreaseInCashAndCashEquivalents $-34.97M USD Annual
Net increase in cash during the year IncreaseDecreaseInCashAndCashEquivalents $35.16M USD Annual
Cash, beginning of year CashAndCashEquivalents $5.13M USD Point-in-time
Cash, beginning of year CashAndCashEquivalents $40.29M USD Point-in-time
Cash, beginning of year CashAndCashEquivalents $5.32M USD Point-in-time
Cash, end 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 $5.32M USD Point-in-time
Share consideration issued for Quebec acquisition ShareConsiderationIssuedForAcquisition $2.46M USD Annual
Share consideration issued for Quebec acquisition ShareConsiderationIssuedForAcquisition - USD Annual
Share consideration issued for Atlantic acquisition ShareConsiderationIssuedForAtlanticAcquisition - USD Annual
Share consideration issued for Atlantic acquisition ShareConsiderationIssuedForAtlanticAcquisition $18.56M USD Annual
Share consideration issued for investments ShareConsiderationIssuedForInvestments $14.58M USD Annual
Share consideration issued for investments ShareConsiderationIssuedForInvestments - USD Annual
Warrants issued for asset purchase WarrantsIssuedForAssetPurchase - USD Annual
Warrants issued for asset purchase WarrantsIssuedForAssetPurchase $2.03M USD Annual
Recognition of right of use assets and lease liabilities RecognitionOfRightOfUseAssetsAndLeaseLiabilities $2.47M USD Annual
Recognition of right of use assets and lease liabilities RecognitionOfRightOfUseAssetsAndLeaseLiabilities - USD Annual
Interest Paid InterestPaid $286.05K USD Annual
Interest Paid InterestPaid $259.73K USD Annual
Income taxes paid IncomeTaxesPaidRefund - USD Annual
Income taxes paid IncomeTaxesPaidRefund $151.37K USD Annual
Stockholders Equity 33 line items
Line Item Tag Value Unit Period
Beginning Balance Equity $389.05M USD Point-in-time
Beginning Balance Equity $21.09M USD Point-in-time
Beginning Balance Equity $128.15M USD Point-in-time
Share-based compensation IncreaseDecreaseThroughSharebasedPaymentTransactions $1.65M USD Annual
Share-based compensation IncreaseDecreaseThroughSharebasedPaymentTransactions $5.98M USD Annual
Warrants issued for asset purchase IncreaseDecreaseThroughWarrantsIssuedForAssetPurchase $2.03M USD Annual
Shares offering ValueOfCommonSharesIssuedInAtmEquityProgram $64.54M USD Annual
Shares offering ValueOfCommonSharesIssuedInAtmEquityProgram $34.96M USD Annual
Shares offering (shares) NumberOfCommonSharesIssuedInAtmEquityProgram 2.17M shares Annual
Shares offering (shares) NumberOfCommonSharesIssuedInAtmEquityProgram 3.27M shares Annual
Special warrants IncreaseDecreaseThroughSpecialWarrants $89.92M USD Annual
Share issuance costs ShareIssueRelatedCost $1.84M USD Annual
Share issuance costs ShareIssueRelatedCost $6.98M USD Annual
Quebec acquisition IncreaseDecreaseThroughAcquisitionOfSubsidiary $2.46M USD Annual
Atlantic acquisition IncreaseDecreaseThroughAcquisitionOfSubsidiaryEquityTwo $17.19M USD Annual
Shares and warrants issued for investment IncreaseDecreaseThroughSharesAndWarrantsIssuedForInvestment $14.97M USD Annual
Exercise of options IncreaseDecreaseThroughExerciseOfOptions $3.78M USD Annual
Exercise of options IncreaseDecreaseThroughExerciseOfOptions $2.06M USD Annual
Vesting of restricted stock units IncreaseDecreaseThroughVestingOfRestrictedStockUnits $771.06K USD Annual
Vesting of restricted stock units IncreaseDecreaseThroughVestingOfRestrictedStockUnits $-133.97K USD Annual
Vesting of restricted stock units (shares) NumberOfCommonSharesIssuedPursuantToVestingOfRestrictedShareUnits 290,800.00 shares Annual
Vesting of restricted stock units (shares) NumberOfCommonSharesIssuedPursuantToVestingOfRestrictedShareUnits 325,200.00 shares Annual
Shares issued for services IncreaseDecreaseThroughSharesIssuedForServices $24.45K USD Annual
Shares issued for services (shares) NumberOfCommonSharesIssuedToContractorForServices 20,000.00 shares Annual
Income for the year ProfitLoss $79.62M USD Annual
Income for the year ProfitLoss $24.14M USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $363.12K USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $1.09M USD Annual
Revaluation gain on digital currencies IncreaseDecreaseThroughRevaluationGainOnDigitalCurrencies $12.08M USD Annual
Revaluation gain on digital currencies IncreaseDecreaseThroughRevaluationGainOnDigitalCurrencies $19.29M USD Annual
Ending Balance Equity $389.05M USD Point-in-time
Ending Balance Equity $21.09M USD Point-in-time
Ending Balance Equity $128.15M USD Point-in-time

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

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