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40-F Filing

HIVE DIGITAL TECHNOLOGIES LTD. CIK: 1720424 FY 2022
Filing Information
Form Type 40-F
Accession Number 0001062993-23-014191
Period End Date 20230331
Filing Date 20230630
Fiscal Year 2022
Fiscal Period FY
XBRL Instance form40f_htm.xml
Filing Contents
Balance Sheet 61 line items
Line Item Tag Value Unit Period
Cash Cash $4.37M USD Point-in-time
Cash Cash $5.32M USD Point-in-time
Amounts receivable and prepaids TradeAndOtherCurrentReceivables $9.35M USD Point-in-time
Amounts receivable and prepaids TradeAndOtherCurrentReceivables $6.76M USD Point-in-time
Investments CurrentInvestments $981.74K USD Point-in-time
Investments CurrentInvestments $17.00M USD Point-in-time
Investments CurrentInvestments $2.87M USD Point-in-time
Digital currencies CurrentFinancialAssetsAtFairValueThroughProfitOrLoss $170.00M USD Point-in-time
Digital currencies CurrentFinancialAssetsAtFairValueThroughProfitOrLoss $65.90M USD Point-in-time
Total current assets CurrentAssets $82.49M USD Point-in-time
Total current assets CurrentAssets $199.08M USD Point-in-time
Plant and equipment PropertyPlantAndEquipment $87.23M USD Point-in-time
Plant and equipment PropertyPlantAndEquipment $177.54M USD Point-in-time
Long term receivable NoncurrentReceivables $5.81M USD Point-in-time
Long term receivable NoncurrentReceivables $3.04M USD Point-in-time
Deposits, net of provision LongtermDeposits $59.69M USD Point-in-time
Deposits, net of provision LongtermDeposits $9.54M USD Point-in-time
Right of use asset RightofuseAssets $12.59M USD Point-in-time
Right of use asset RightofuseAssets $10.97M 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 $67.12K USD Point-in-time
Total assets Assets $196.12M USD Point-in-time
Total assets Assets $452.27M USD Point-in-time
Accounts payable and accrued liabilities TradeAndOtherCurrentPayables $9.35M USD Point-in-time
Accounts payable and accrued liabilities TradeAndOtherCurrentPayables $12.38M USD Point-in-time
Current portion of lease liability CurrentLeaseLiabilities $2.16M USD Point-in-time
Current portion of lease liability CurrentLeaseLiabilities $2.33M USD Point-in-time
Term loan LoansReceived $7.14M 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 $1.22M USD Point-in-time
Current income tax liability CurrentTaxLiabilitiesCurrent $1.85M USD Point-in-time
Current income tax liability CurrentTaxLiabilitiesCurrent $1.01M USD Point-in-time
Total current liabilities CurrentLiabilities $26.15M USD Point-in-time
Total current liabilities CurrentLiabilities $21.89M USD Point-in-time
Convertible loan - liability component NonCurrentConvertibleLoanLiabilityComponent $5.60M USD Point-in-time
Convertible loan - liability component NonCurrentConvertibleLoanLiabilityComponent $4.73M USD Point-in-time
Convertible loan - derivative component NonCurrentConvertibleLoanDerivativeComponent $482.00K USD Point-in-time
Convertible loan - derivative component NonCurrentConvertibleLoanDerivativeComponent $4.99M USD Point-in-time
Loans payable LongtermBorrowings $14.47M USD Point-in-time
Loans payable LongtermBorrowings $11.85M USD Point-in-time
Lease liability NoncurrentLeaseLiabilities $8.14M USD Point-in-time
Lease liability NoncurrentLeaseLiabilities $10.48M USD Point-in-time
Deferred tax liability DeferredTaxLiabilityAsset $1.53M USD Point-in-time
Deferred tax liability DeferredTaxLiabilityAsset $206.00K USD Point-in-time
Total liabilities Liabilities $47.30M USD Point-in-time
Total liabilities Liabilities $63.22M USD Point-in-time
Share capital IssuedCapital $413.66M USD Point-in-time
Share capital IssuedCapital $419.21M USD Point-in-time
Equity reserve EquityReserve $18.86M USD Point-in-time
Equity reserve EquityReserve $12.24M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncome $23.40M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncome $7.40M USD Point-in-time
Accumulated deficit RetainedEarnings $-60.24M USD Point-in-time
Accumulated deficit RetainedEarnings $-296.67M USD Point-in-time
Total equity Equity $128.15M USD Point-in-time
Total equity Equity $148.82M USD Point-in-time
Total equity Equity $389.05M USD Point-in-time
Total liabilities and equity EquityAndLiabilities $196.12M USD Point-in-time
Total liabilities and equity EquityAndLiabilities $452.27M USD Point-in-time
Income Statement 66 line items
Line Item Tag Value Unit Period
Revenue from digital currency mining RevenueFromDigitalCurrencyMining $106.09M USD Annual
Revenue from digital currency mining RevenueFromDigitalCurrencyMining $209.61M USD Annual
Hosting revenue HostingRevenue $1.58M USD Annual
Hosting revenue HostingRevenue - USD Annual
Other revenue OtherRevenue $228.71K USD Annual
Other revenue OtherRevenue - USD Annual
Total revenue Revenue $211.18M USD Annual
Total revenue Revenue $106.32M USD Annual
Operating and maintenance costs OperatingExpense $47.25M USD Annual
Operating and maintenance costs OperatingExpense $55.72M USD Annual
Depreciation DepreciationExpense $81.73M USD Annual
Depreciation DepreciationExpense $67.02M USD Annual
Gross profit GrossProfit $-31.13M USD Annual
Gross profit GrossProfit $96.91M USD Annual
Revaluation of digital currencies GainLossOnRevaluationOfDigitalCurrencies $24.58K USD Annual
Revaluation of digital currencies GainLossOnRevaluationOfDigitalCurrencies $-70.89M USD Annual
(Loss) gain on sale of digital currencies GainLossOnSaleOfDigitalCurrencies $-1.82M USD Annual
(Loss) gain on sale of digital currencies GainLossOnSaleOfDigitalCurrencies $51.28K USD Annual
General and administrative GeneralAndAdministrativeExpense $10.95M USD Annual
General and administrative GeneralAndAdministrativeExpense $13.24M USD Annual
Foreign exchange gain GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss $1.25M USD Annual
Foreign exchange gain GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss $3.30M USD Annual
Share-based compensation ExpenseFromSharebasedPaymentTransactionsWithEmployees $6.75M USD Annual
Share-based compensation ExpenseFromSharebasedPaymentTransactionsWithEmployees $8.38M USD Annual
Expenses Total ExpenseByNature $20.38M USD Annual
Expenses Total ExpenseByNature $14.41M USD Annual
Unrealized loss on investments GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement $-837.82K USD Annual
Unrealized loss on investments GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement $-13.43M USD Annual
Change in fair value of derivative liability GainsLossesOnChangeInFairValueOfDerivatives $10.75M USD Annual
Change in fair value of derivative liability GainsLossesOnChangeInFairValueOfDerivatives $4.50M 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 $13.33M USD Annual
Impairment of goodwill and intangibles ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss - USD Annual
Impairment of equipment ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment $70.41M USD Annual
Impairment of equipment ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment - USD Annual
Impairment of deposits ImpairmentOfDeposits - USD Annual
Impairment of deposits ImpairmentOfDeposits $27.33M USD Annual
Gain on sale of subsidiary GainsLossesRecognisedWhenControlInSubsidiaryIsLost $3.17M USD Annual
Gain on sale of subsidiary GainsLossesRecognisedWhenControlInSubsidiaryIsLost - USD Annual
(Loss) gain on sale of equipment LossGainOnSaleOfEquipment $-2.21M USD Annual
(Loss) gain on sale of equipment LossGainOnSaleOfEquipment $1.39M USD Annual
Other expenses OtherExpenseByNature $140.90K USD Annual
Other expenses OtherExpenseByNature - USD Annual
Finance expense FinanceCosts $3.71M USD Annual
Finance expense FinanceCosts $3.87M USD Annual
Net (loss) income before tax for the year ProfitLossBeforeTax $-236.13M USD Annual
Net (loss) income before tax for the year ProfitLossBeforeTax $82.04M USD Annual
Tax expense IncomeTaxExpenseContinuingOperations $2.42M USD Annual
Tax expense IncomeTaxExpenseContinuingOperations $289.00K USD Annual
Net (loss) income for the year ProfitLoss $-236.42M USD Annual
Net (loss) income for the year ProfitLoss $79.62M USD Annual
Revaluation of digital currencies OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation - USD Annual
Revaluation of digital currencies OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation $12.25M USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $1.09M USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $-884.02K USD Annual
Net (loss) income and comprehensive (loss) income for the year ComprehensiveIncome $92.96M USD Annual
Net (loss) income and comprehensive (loss) income for the year ComprehensiveIncome $-237.31M USD Annual
Basic (loss) income per share BasicEarningsLossPerShare $1.02 USD Annual
Basic (loss) income per share BasicEarningsLossPerShare $-2.85 USD Annual
Diluted (loss) income per share DilutedEarningsLossPerShare $-2.85 USD Annual
Diluted (loss) income per share DilutedEarningsLossPerShare $0.94 USD Annual
Basic WeightedAverageShares 77.72M shares Annual
Basic WeightedAverageShares 82.87M shares Annual
Diluted AdjustedWeightedAverageShares 84.81M shares Annual
Diluted AdjustedWeightedAverageShares 82.87M shares Annual
Cash Flow Statement 90 line items
Line Item Tag Value Unit Period
Net (loss) income for the year: ProfitLoss $-236.42M USD Annual
Net (loss) income for the year: ProfitLoss $79.62M USD Annual
Revenue recognized from digital currency mined AdjustmentForRevenueRecognizedFromDigitalCurrencyMined $209.61M USD Annual
Revenue recognized from digital currency mined AdjustmentForRevenueRecognizedFromDigitalCurrencyMined $106.09M USD Annual
Depreciation and amortization AdjustmentsForDepreciationExpense $81.73M USD Annual
Depreciation and amortization AdjustmentsForDepreciationExpense $67.02M USD Annual
Gain on sale of subsidiary AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates $3.17M USD Annual
Gain on sale of subsidiary AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates - USD Annual
Unrealized loss on investments AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty $-13.43M USD Annual
Unrealized loss on investments 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 $4.50M USD Annual
Change in fair value of derivative liability AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives $10.75M USD Annual
Impairment of equipment AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment - USD Annual
Impairment of equipment AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment $70.41M USD Annual
Impairment of deposits ImpairmentOfDeposits - USD Annual
Impairment of deposits ImpairmentOfDeposits $27.33M USD Annual
Loss (gain) on sale of equipment LossGainOnSaleOfEquipment $-2.21M USD Annual
Loss (gain) on sale of equipment LossGainOnSaleOfEquipment $1.39M USD Annual
Accretion and interest on convertible debt AdjustmentsForAccretionOnConvertibleDebt $2.13M USD Annual
Accretion and interest on convertible debt AdjustmentsForAccretionOnConvertibleDebt $3.37M USD Annual
Tax expense AdjustmentsForIncomeTaxExpense $2.42M USD Annual
Tax expense AdjustmentsForIncomeTaxExpense $289.00K USD Annual
Share-based compensation AdjustmentsForSharebasedPayments $6.75M USD Annual
Share-based compensation AdjustmentsForSharebasedPayments $8.38M USD Annual
Interest expense AdjustmentsForInterestExpense $663.77K USD Annual
Interest expense AdjustmentsForInterestExpense $597.11K USD Annual
Foreign exchange loss (gain) AdjustmentsForUnrealisedForeignExchangeLossesGains $136.01K USD Annual
Foreign exchange loss (gain) AdjustmentsForUnrealisedForeignExchangeLossesGains $-3.30M USD Annual
Amounts receivable and prepaids AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables $60.01K USD Annual
Amounts receivable and prepaids AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables $-5.37M USD Annual
Taxes payable AdjustmentsForIncreaseDecreaseInOtherLiabilities $53.72K USD Annual
Taxes payable AdjustmentsForIncreaseDecreaseInOtherLiabilities - USD Annual
Digital currencies AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading $117.49M USD Annual
Digital currencies AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading $195.08M USD Annual
Accounts payable and accrued liabilities AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables $5.14M USD Annual
Accounts payable and accrued liabilities AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables $-3.80M USD Annual
Cash provided by operating activities CashFlowsFromUsedInOperatingActivities $44.78M USD Annual
Cash provided by operating activities CashFlowsFromUsedInOperatingActivities $66.28M USD Annual
Deposits on equipment CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments $-14.50M USD Annual
Deposits on equipment CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments $-38.75M USD Annual
Investments PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod $1.89M USD Annual
Investments PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod - USD Annual
Proceeds on disposal of equipment ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $1.94M USD Annual
Proceeds on disposal of equipment ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $2.98M USD Annual
Purchase of equipment PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $4.07M USD Annual
Purchase of equipment PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities $198.34M USD Annual
Cash divested from sale of subsidiary CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities $-237.25K USD Annual
Cash divested from sale of subsidiary CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities - USD Annual
Cash used in investing activities CashFlowsFromUsedInInvestingActivities $-40.89M USD Annual
Cash used in investing activities CashFlowsFromUsedInInvestingActivities $-211.99M USD Annual
Exercise of options ProceedsFromExerciseOfOptions $2.06M USD Annual
Exercise of options ProceedsFromExerciseOfOptions - USD Annual
Shares offering, net of issuance costs ProceedsFromIssuingShares $3.80M USD Annual
Shares offering, net of issuance costs ProceedsFromIssuingShares $33.91M USD Annual
Issuance of warrants IssuanceOfWarrants $83.98M USD Annual
Issuance of warrants IssuanceOfWarrants - USD Annual
Repayment of loan RepaymentOfLoan $-2.77M USD Annual
Repayment of loan RepaymentOfLoan $-2.40M USD Annual
Repayment of debenture RepaymentsOfBondsNotesAndDebentures $4.06M USD Annual
Repayment of debenture RepaymentsOfBondsNotesAndDebentures $3.00M USD Annual
Lease payments made PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities $2.72M USD Annual
Lease payments made PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities $2.67M USD Annual
Cash (used in) provided by financing activities CashFlowsFromUsedInFinancingActivities $110.77M USD Annual
Cash (used in) provided by financing activities CashFlowsFromUsedInFinancingActivities $-4.64M USD Annual
Effect of exchange rate changes on cash EffectOfExchangeRateChangesOnCashAndCashEquivalents $-201.85K USD Annual
Effect of exchange rate changes on cash EffectOfExchangeRateChangesOnCashAndCashEquivalents $-38.27K USD Annual
Net change in cash during the year IncreaseDecreaseInCashAndCashEquivalents $-34.97M USD Annual
Net change in cash during the year IncreaseDecreaseInCashAndCashEquivalents $-946.09K USD Annual
Cash, beginning of year CashAndCashEquivalents $5.32M USD Point-in-time
Cash, beginning of year CashAndCashEquivalents $4.37M USD Point-in-time
Cash, beginning of year CashAndCashEquivalents $40.29M USD Point-in-time
Cash, end of year CashAndCashEquivalents $5.32M USD Point-in-time
Cash, end of year CashAndCashEquivalents $4.37M USD Point-in-time
Cash, end of year CashAndCashEquivalents $40.29M USD Point-in-time
Share consideration issued for Atlantic acquisition ShareConsiderationIssuedForAtlanticAcquisition $18.56M USD Annual
Share consideration issued for Atlantic acquisition ShareConsiderationIssuedForAtlanticAcquisition - USD Annual
Share consideration issued for investments ShareConsiderationIssuedForInvestments - USD Annual
Share consideration issued for investments ShareConsiderationIssuedForInvestments $14.58M USD Annual
Share consideration issued deposits ShareConsiderationIssuedDeposits - USD Annual
Share consideration issued deposits ShareConsiderationIssuedDeposits $2.03M USD Annual
Recognition of right of use assets and lease liabilities RecognitionOfRightOfUseAssetsAndLeaseLiabilities $249.99K USD Annual
Recognition of right of use assets and lease liabilities RecognitionOfRightOfUseAssetsAndLeaseLiabilities $2.47M USD Annual
Interest paid InterestPaid $1.98M USD Annual
Interest paid InterestPaid $286.05K USD Annual
Income taxes paid IncomeTaxesPaidRefund - USD Annual
Income taxes paid IncomeTaxesPaidRefund - USD Annual
Stockholders Equity 28 line items
Line Item Tag Value Unit Period
Beginning Balance Equity $128.15M USD Point-in-time
Beginning Balance Equity $148.82M USD Point-in-time
Beginning Balance Equity $389.05M USD Point-in-time
Share-based compensation IncreaseDecreaseThroughSharebasedPaymentTransactions $5.98M USD Annual
Share-based compensation IncreaseDecreaseThroughSharebasedPaymentTransactions $8.38M USD Annual
Warrants issued for asset purchase IncreaseDecreaseThroughWarrantsIssuedForAssetPurchase $2.03M USD Annual
Shares offering ValueOfCommonSharesIssuedInAtmEquityProgram $3.82M USD Annual
Shares offering ValueOfCommonSharesIssuedInAtmEquityProgram $34.96M USD Annual
Shares offering (shares) NumberOfCommonSharesIssuedInAtmEquityProgram 1.31M shares Annual
Shares offering (shares) NumberOfCommonSharesIssuedInAtmEquityProgram 2.17M shares Annual
Special warrants IncreaseDecreaseThroughSpecialWarrants $89.92M USD Annual
Issuance costs ShareIssueRelatedCost $6.98M USD Annual
Issuance costs ShareIssueRelatedCost $19.66K USD Annual
Atlantic acquisition IncreaseDecreaseThroughAcquisitionOfSubsidiaryEquityTwo $17.19M USD Annual
Shares and warrants issued for investment IncreaseDecreaseThroughSharesAndWarrantsIssuedForInvestment $14.97M 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 - USD Annual
Income for the period ProfitLoss $-236.42M USD Annual
Income for the period ProfitLoss $79.62M USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $1.09M USD Annual
Translation adjustment OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation $-884.02K USD Annual
Revaluation gain on digital currencies IncreaseDecreaseThroughRevaluationGainOnDigitalCurrencies $19.29M USD Annual
Revaluation gain on digital currencies IncreaseDecreaseThroughRevaluationGainOnDigitalCurrencies $-15.11M USD Annual
Realized gain on digital currencies IncreaseDecreaseThroughRealizedGainOnDigitalCurrencies - USD Annual
Ending Balance Equity $128.15M USD Point-in-time
Ending Balance Equity $148.82M USD Point-in-time
Ending Balance Equity $389.05M USD Point-in-time

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

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