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Z4 Suite 855 - 789 West Pender Street 19 West 44 Vancouver New York BC NY V6C 1H2 10036 604 664-1078 Corporation Service Company Suite 200 Common Shares HIVE NASDAQ true true Yes Yes true false Hive Blockchain Technologies Ltd. (the “Registrant” or the “Company”) is filing this Amendment No. 1 on Form 40-F/A (“Amendment No. 1”) to the Company’s Annual Report on Form 40-F for the year ended March 31, 2021 and filed with the Securities and Exchange Commission on September 24, 2021 (the “Original Form 40-F”). This Amendment No. 1 is being filed for the sole purpose of furnishing Exhibit 101, the XBRL interactive data file that is required by General Instruction B(15)(a) of Form 40-F and Rule 405 of Regulation S-T. Exhibit 101 was omitted from the Registrant’s Original Form 40-F in accordance with the 30-day grace period provided under Rule 405 of Regulation S-T. No other changes have been made to the Original Form 40-F other than the furnishing of the exhibit described above. This Amendment No. 1 speaks as of the time of filing the Original Form 40-F, and does not reflect events that may have occurred subsequent to such filing.

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<div> 1. Nature of Operations HIVE Blockchain Technologies Ltd. (the "Company") was incorporated in the province of British Columbia on June 24, 1987. The Company is a reporting issuer in each of the Provinces and Territories of Canada and is listed for trading on the TSXV, under the symbol "HIVE.V", as well on the Nasdaq's Capital Markets Exchange under "HIVE", and on the Open Market of the Frankfurt Stock Exchange under "HBF". The Company's head office is located at Suite 855, 789 Pender Street, Vancouver, BC, V6C 1H2, and the Company's registered office is located at Suite 2500, 700 West Georgia Street, Vancouver, BC, V7Y 1B3.   In connection with the Company's change of business filed in September 2017 ("Change of Business"), the Company acquired digital currency mining data centre equipment in Iceland. Following the initial acquisition, the Company acquired additional data centre equipment in Iceland and Sweden throughout fiscal 2018. Phases one and two of Sweden commenced operations on January 15, 2018 and March 31, 2018 respectively, while phase three commenced operations on April 30, 2018. On April 9, 2020 the Company also acquired a data centre in Quebec, Canada (Note 6). The Company is in the business of providing infrastructure solutions, including the provision of computational capacity to distributed networks, in the blockchain industry. The Company's operations are focused on the mining and sale of digital currencies. Digital currencies are subject to risks unique to the asset class and different from traditional assets. Additionally, at times assets may be held by third party custodians or exchanges that are limited in oversight by regulatory authorities.   The negative impact on the global supply chain related to the COVID-19 pandemic has presented challenges to the Company including increased shipping costs and obtaining equipment from China on a timely basis that has led to delays. Additionally, the Company faces uncertainty in the availability of equipment from suppliers as it relates to the Company's ASIC equipment. </div>

<div> 2. Basis of Presentation (a) Statement of Compliance These consolidated financial statements, including comparatives, have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") and Interpretations issued by the International Financial Reporting Standards Interpretations Committee ("IFRIC"). The consolidated financial statements have been prepared on a historical cost basis except for some financial instruments that have been measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information. The Company is in the business of the mining and sale of digital currencies, many aspects of which are not specifically addressed by current IFRS guidance. The Company is required to make judgements as to the application of IFRS and the selection of accounting policies. The Company has disclosed its presentation, recognition and derecognition, and measurement of digital currencies, and the recognition of revenue as well as significant assumptions and judgements; however, if specific guidance is enacted by the IASB in the future, the impact may result in changes to the Company's earnings and financial position as presented. These consolidated financial statements were approved and authorized for issuance by the Board of Directors on September 23, 2021.  </div> <div> (b) Consolidation These consolidated financial statements include the financial statements of the Company and its wholly- owned subsidiaries, which are controlled by the Company (the "Group"). Control is achieved when the parent company is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if, and only if, the Group has all of the following: (i) power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee); (ii) exposure, or rights, to variable returns from its involvement with the investee; and (iii) the ability to use its power over the investee to affect its returns. The financial statements of subsidiaries are included in these consolidated financial statements from the date that control commences until the date that control ceases. All significant inter-company transactions, balances, income and expenses are eliminated on consolidation. As of March 31, 2021, the Company had the following wholly owned subsidiaries: HIVE Blockchain Switzerland AG, Bikupa Datacenter AB, Hive Digital Data Ltd., 9376-9974 Quebec Inc., and Liv Eiendom AS. HIVE Blockchain Switzerland AG had one wholly owned subsidiary, HIVE Blockchain Iceland ehf. Liv Eiendom AS had one wholly owned subsidiary, Kolos Norway AS. (c) Presentation and functional currency Foreign currency transactions are recorded at the exchange rate as at the date of the transaction. At each statement of financial position date, monetary assets and liabilities are translated using the year end foreign exchange rate. Non-monetary assets and liabilities in foreign currencies other than the functional currency are translated using the historical rate. All gains and losses on translation of these foreign currency transactions are included in the profit and loss. The functional currency for HIVE Blockchain Technologies Ltd. is the Canadian dollar, and it is the US dollar for its other wholly owned subsidiaries. (d) Comprehensive income (loss) Total comprehensive income (loss) comprises all components of profit or loss and other comprehensive income (loss). Other comprehensive income (loss) includes gains and losses from translating the financial statements of an entity's whose functional currency differs from the presentation currency. </div>

<div> 3. Significant Judgements (a) Functional currency The functional currency of the Company has been assessed by management based on consideration of the currency and economic factors that mainly influence the Company's digital currencies, production and operating costs, financing and related transactions. Specifically, the Company considers the currencies in which digital currencies are most commonly denominated and the currencies in which expenses are settled, by each entity, as well as the currency in which each entity receives or raises financing. Changes to these factors may have an impact on the judgment applied in the determination of the Company's functional currency. (b) Digital assets - accounting The Company has assessed that it acts in a capacity as a commodity broker trader as defined in IAS 2, Inventories, in characterizing certain of its holdings as inventory, or more specifically, digital assets. If assets held by commodity broker-traders are principally acquired for the purpose of selling in the near future and generating a profit from fluctuations in price or broker-traders' margin, such assets are accounted for as inventory, and changes in fair value (less costs to sell) are recognized in profit or loss. (c) Assessment of transactions as an asset acquisition or business combination Management determines whether assets acquired and liabilities assumed constitute a business. A business consists of inputs and processes applied to those inputs that have the ability to create outputs. Whether an acquisition is classified as a business combination or asset acquisition can have a significant impact on the presentation made on and after acquisition. The Company completed the Quebec Acquisition in April 2020 (Note 6) and concluded that the entity acquired qualified as a business combination under IFRS 3, "Business Combinations". Accordingly, the Quebec Acquisition has been accounted for as a business combination. (d) Income from digital currency mining The Company recognizes income from digital currency mining from the provision of transaction verification services within digital currency networks, commonly termed "cryptocurrency mining". As consideration for these services, the Company receives digital currency from each specific network in which it participates ("coins"). Income from digital currency mining is measured based on the fair value of the coins received. The fair value is determined using the spot price of the coin on the date of receipt. The coins are recorded on the statement of financial position, as digital currencies, at their fair value less costs to sell and re- measured at each reporting date. Revaluation gains or losses, as well as gains or losses on the sale of coins for traditional (fiat) currencies are included in profit and loss in accordance with the Company's treatment of its digital currencies as a traded commodity. There is currently no specific definitive guidance in IFRS or alternative accounting frameworks for the accounting for the mining and strategic selling of digital currencies and management has exercised significant judgement in determining appropriate accounting treatment for the recognition of income from digital currency mining for mining of digital currencies. Management has examined various factors surrounding the substance of the Company's operations, including the stage of completion being the completion and addition of a block to a blockchain and the reliability of the measurement of the digital currency received. </div> <div> (e) Contingencies Contingencies can be either possible assets or liabilities arising from past events which, by their nature, will be resolved only when one or more uncertain future events occur or fail to occur. Such contingencies include, but are not limited to, litigation, regulatory proceedings, tax matters and losses resulting from other events and developments. The assessment of the existence and potential impact of contingencies inherently involves the exercise of significant judgement regarding the outcome of future events. </div>

<div> 4. Significant Estimates (a) Determination of asset and liability fair values and allocation of purchase consideration Significant acquisitions require judgements and estimates to be made at the date of acquisition in relation to determining the relative fair value of the allocation of the purchase consideration over the fair value of the assets. The information necessary to measure the fair values as at the acquisition date of assets acquired requires management to make certain judgements and estimates about future performance of these assets. (b) Carrying value of assets The Company evaluates each asset or cash generating unit every reporting period to determine whether there are any indications of impairment. If any such indication exists, which is often judgmental, a formal estimate of recoverable amount is performed and an impairment loss is recognized to the extent that the carrying amount exceeds the recoverable amount. The recoverable amount of an asset or cash generating group of assets is measured at the higher of fair value less costs to sell and value in use. The evaluation of asset carrying values for indications of impairment includes consideration of both external and internal sources of information, including such factors as the relationship between mining rewards and the required computing power, digital currency prices, the periodic contribution margin of digital currency mining activities, changes in underlying costs, such as electricity, and technological changes. The estimates and assumptions are subject to risk and uncertainty; hence, there is the possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impact recorded in profit and loss. (c) Depreciation Depreciation of data centre equipment is an estimate of its expected life. In order to determine the useful life of computing equipment, assumptions are required about a range of computing industry market and economic factors, including required hashrates, technological changes, availability of hardware and other inputs, and production costs. </div> <div> (d) Deferred and current taxes The determination of the Company's tax expense for the year and deferred tax assets and liabilities involves significant estimation and judgement by management. In determining these amounts, management interprets tax legislation in a variety of jurisdictions and makes estimates of the expected timing of the reversal of deferred tax assets and liabilities, the deferral and deductibility of certain items and interpretation of the treatment for tax purposes of digital currencies by taxation authorities. Management also makes estimates of future earnings, which affect the extent to which potential future tax benefits may be used. The Company is subject to assessments by various taxation authorities, which may interpret legislation differently. These differences may affect the final amount or the timing of the payment of taxes. The Company provides for such differences where known based on management's best estimate of the probable outcome of these matters. (e) Digital currency valuation Digital currencies consist of cryptocurrency denominated assets (Note 10) and are included in current assets. Digital currencies are carried at their fair value determined by the spot rate less costs to sell. The digital currency market is still a new market and is highly volatile; historical prices are not necessarily indicative of future value; a significant change in the market prices for digital currencies would have a significant impact on the Company's earnings and financial position. Fair value is determined by taking the price of the coins at 2400 hours (per the Central European Time zone) from the exchanges which the Company most frequently uses. (f) Share-based compensation The Company utilizes the Black-Scholes Option Pricing Model ("Black-Scholes") to estimate the fair value of stock options granted to directors, officers, employees, consultants and charities. The use of Black- Scholes requires management to make various estimates and assumptions that impact the value assigned to the stock options including the forecast future volatility of the stock price, the risk-free interest rate, dividend yield and the expected life of the stock options. Any changes in these assumptions could have a material impact on the share-based compensation calculation value, however the most significant estimate is the volatility. Expected future volatility can be difficult to estimate as the Company has a limited operating history and is in an emerging industry with no comparable publicly traded competitors at the time of grant. Due to the emerging nature of the industry, volatility estimates require significant estimates. The Company estimated volatility based on historic share prices of companies operating in emerging innovative industries. Historical volatility is not necessarily indicative of future volatility. </div>

<div> 5. Significant Accounting Policies <div> (a) Revenue recognition The Company recognizes revenue from the provision of transaction verification services within digital currency networks, commonly termed "cryptocurrency mining". As consideration for these services, the Company receives digital currency from each specific network in which it participates ("coins"). Revenue is measured based on the fair value of the coins received. The fair value is determined using the spot price of the coin on the date of receipt. A coin is considered earned on the completion and addition of a block to the blockchain, at which time the economic benefit is received and can be reliably measured. The coins are recorded on the statement of financial position as digital currencies at their fair value and re-measured at each reporting date. This fair value is determined by taking the price of the coins at 2400 hours (per the Central European Time zone) less costs to sell. Revaluation gains or losses, as well as gains or losses on the sale of coins for traditional (fiat) currencies from the exchange which the Company most frequently uses are included in profit or loss. </div> <div> (b) Data centre equipment Items of data centre equipment are recorded at cost less accumulated depreciation. Cost includes all expenditures incurred to bring assets to the location and condition necessary for them to be operated in the manner intended by management. Data centre equipment is depreciated on a straight-line basis over a four-year life for graphics processing units ("GPU") equipment and two-year life for application-specific integrated circuit ("ASIC") equipment. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any replaced parts is derecognized. All other repairs and maintenance are charged to profit or loss during the fiscal period in which they are incurred. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss. </div> <div> (c) Reserves Equity reserves includes consideration recognized pursuant to share-based compensation and cumulative translation adjustments. </div> <div> (d) Share capital For unit offerings, the proceeds from the issuance of units are allocated between common shares and share purchase warrants using the residual method, allocating fair value first to the common shares and then share purchase warrants. </div> <div> (e) Digital currencies Digital currencies consist of cryptocurrency denominated assets (Note 10) and are included in current assets. Digital currencies are carried at their fair value less costs to sell and adjusted at each reporting date for revaluation gains and losses through the statement of profit or loss as well as when digital currencies are exchanged or sold for traditional (fiat) currencies, such as the US dollar. </div> </div> <div> <div> (f) Impairment of non-financial assets The Company reviews the carrying amounts of its non-financial assets, including data centre equipment, when events or changes in circumstances indicate the assets may not be recoverable. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash generating unit to which the asset belongs. Assets carried at fair value, such as digital currencies, are excluded from impairment analysis. Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows to be derived from continuing use of the asset or cash generating unit are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Fair value less costs of disposal is the amount obtainable from the sale of an asset or cash generating unit in an arm's length transaction between knowledgeable, willing parties, less the cost of disposal. When a binding sale agreement is not available, fair value less costs of disposal is estimated using a discounted cash flow approach with inputs and assumptions consistent with those of a market participant. If the recoverable amount of an asset or cash generating unit is estimated to be less than its carrying amount, the carrying amount of the asset or cash generating unit is reduced to its recoverable amount. An impairment loss is recognized immediately in net income. Where an impairment loss subsequently reverses, the carrying amount of the asset or cash generating unit is increased to the revised estimate of its recoverable amount, such that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized. </div> <div> (g) Share-based compensation The Company operates a stock option plan and RSU plan (Note 19). Share-based compensation to employees is measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based compensation to non-employees is measured at the fair value of goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The corresponding amount is recorded to reserves. The fair value of options is determined using the Black- Scholes pricing model which incorporates all market vesting conditions on grant date. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest. </div> <div> (h) Convertible loan A convertible loan is considered to be a compound financial instrument which requires assessment to determine if it contains a liability and an equity component related to the conversion feature. When the conversion feature is for a variable number of shares, there is no equity component but rather is a potential embedded derivative. An embedded derivative is a component of a hybrid contract that also includes a non- derivative host with the effect that some of the cash flows of the combined instrument vary in a way similar to a stand-alone derivative. An embedded derivative causes some or all of the cash flows that otherwise would be required by the contract to be modified according to a specified interest rate, financial instrument price, commodity price, foreign exchange rate, or other variable. </div> </div> <div> <div> The host instrument is accounted for as a hybrid instrument with a debt component and a separate embedded derivative component classified as a liability. The initial carrying amount of the host instrument is the residual amount after separating the embedded derivative which is measured at fair value. The debt component is subsequently accounted for at amortized cost using the effective interest rate method. The embedded derivative is subsequently measured at fair value at each reporting date, with gains and losses in fair value recognized in profit or loss. Transaction costs that relate to the issue of the convertible loan are allocated to the liability component and embedded derivative component in proportion to the allocation of the gross proceeds. Transaction costs relating to the embedded derivative liability component are expensed directly in profit or loss and transaction costs relating to the financial liability component are included in the carrying amount of the liability component and are amortized over the expected life of the convertible loan using the effective interest method. </div>   <div> (j) Financial instruments The classification and measurement of the Company's financial assets and liabilities are as follows: Financial Assets (i) Equity instruments at fair value through other comprehensive income ("FVOCI"): This category only includes equity instruments, which the Company intends to hold for the foreseeable future and which the Company has irrevocably elected to so classify upon initial recognition or transition. Equity instruments in this category are subsequently measured at fair value with changes recognized in other comprehensive income, with no recycling of gains or losses to profit or loss upon derecognition. Equity instruments at FVOCI are not subject to an impairment assessment under IFRS 9. (ii) Amortized cost: This category includes financial assets that are held within a business model with the objective to hold the financial assets in order to collect contractual cash flows that meet the solely principal and interest ("SPPI") criterion. Financial assets classified in this category are carried at amortized cost using the effective interest method. (iii) Fair value through profit or loss ("FVTPL"): This category includes derivative instruments and quoted equity instruments which the Company has not irrevocably elected, at initial recognition or transition, to classify at FVOCI. This category would also include debt instruments whose cash flow characteristics fail the SPPI criterion or are not held within a business model whose objective is either to collect contractual cash flows, or to both collect contractual cash flows and sell. Financial assets in this category are recorded at fair value with changes recognized in profit or loss. </div> </div> <div> <div> Financial Liabilities Financial liabilities are designated as either: (i) fair value through profit or loss; or (ii) other financial liabilities. All financial liabilities are classified and subsequently measured at amortized cost except for financial liabilities at FVTPL. The classification determines the method by which the financial liabilities are carried on the statement of financial position subsequent to inception and how changes in value are recorded. </div> <div> (k) Income taxes Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the country where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income (loss) or equity is recognized in other comprehensive income (loss) or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred tax Deferred tax is provided for, based on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. </div> <div> (l) Loss per share Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common shareholders by the weighted average number of shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the weighted average shares outstanding are increased to include additional shares for the assumed exercise of stock options and warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and warrants were exercised and that the proceeds from such exercises were used to acquire common stock at the average market price during the reporting periods. </div> </div> <div> <div> (l) Intangible assets Acquired intangible assets are carried at cost less accumulated amortization and impairment. Intangible assets with indefinite lives are not amortized but are reviewed annually for impairment in accordance with the policy related to the impairment of non-financial assets. The estimated useful life and amortization period of the intangible assets acquired is two years. </div> </div>

<div> (a) Revenue recognition The Company recognizes revenue from the provision of transaction verification services within digital currency networks, commonly termed "cryptocurrency mining". As consideration for these services, the Company receives digital currency from each specific network in which it participates ("coins"). Revenue is measured based on the fair value of the coins received. The fair value is determined using the spot price of the coin on the date of receipt. A coin is considered earned on the completion and addition of a block to the blockchain, at which time the economic benefit is received and can be reliably measured. The coins are recorded on the statement of financial position as digital currencies at their fair value and re-measured at each reporting date. This fair value is determined by taking the price of the coins at 2400 hours (per the Central European Time zone) less costs to sell. Revaluation gains or losses, as well as gains or losses on the sale of coins for traditional (fiat) currencies from the exchange which the Company most frequently uses are included in profit or loss. </div>

<div> (b) Data centre equipment Items of data centre equipment are recorded at cost less accumulated depreciation. Cost includes all expenditures incurred to bring assets to the location and condition necessary for them to be operated in the manner intended by management. Data centre equipment is depreciated on a straight-line basis over a four-year life for graphics processing units ("GPU") equipment and two-year life for application-specific integrated circuit ("ASIC") equipment. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any replaced parts is derecognized. All other repairs and maintenance are charged to profit or loss during the fiscal period in which they are incurred. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss. </div>

<div> (c) Reserves Equity reserves includes consideration recognized pursuant to share-based compensation and cumulative translation adjustments. </div>

<div> (d) Share capital For unit offerings, the proceeds from the issuance of units are allocated between common shares and share purchase warrants using the residual method, allocating fair value first to the common shares and then share purchase warrants. </div>

<div> (e) Digital currencies Digital currencies consist of cryptocurrency denominated assets (Note 10) and are included in current assets. Digital currencies are carried at their fair value less costs to sell and adjusted at each reporting date for revaluation gains and losses through the statement of profit or loss as well as when digital currencies are exchanged or sold for traditional (fiat) currencies, such as the US dollar. </div>

<div> (f) Impairment of non-financial assets The Company reviews the carrying amounts of its non-financial assets, including data centre equipment, when events or changes in circumstances indicate the assets may not be recoverable. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash generating unit to which the asset belongs. Assets carried at fair value, such as digital currencies, are excluded from impairment analysis. Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows to be derived from continuing use of the asset or cash generating unit are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Fair value less costs of disposal is the amount obtainable from the sale of an asset or cash generating unit in an arm's length transaction between knowledgeable, willing parties, less the cost of disposal. When a binding sale agreement is not available, fair value less costs of disposal is estimated using a discounted cash flow approach with inputs and assumptions consistent with those of a market participant. If the recoverable amount of an asset or cash generating unit is estimated to be less than its carrying amount, the carrying amount of the asset or cash generating unit is reduced to its recoverable amount. An impairment loss is recognized immediately in net income. Where an impairment loss subsequently reverses, the carrying amount of the asset or cash generating unit is increased to the revised estimate of its recoverable amount, such that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized. </div>

<div> (g) Share-based compensation The Company operates a stock option plan and RSU plan (Note 19). Share-based compensation to employees is measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based compensation to non-employees is measured at the fair value of goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The corresponding amount is recorded to reserves. The fair value of options is determined using the Black- Scholes pricing model which incorporates all market vesting conditions on grant date. The number of shares and options expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognized for services received as consideration for the equity instruments granted shall be based on the number of equity instruments that eventually vest. </div>

<div> (h) Convertible loan A convertible loan is considered to be a compound financial instrument which requires assessment to determine if it contains a liability and an equity component related to the conversion feature. When the conversion feature is for a variable number of shares, there is no equity component but rather is a potential embedded derivative. An embedded derivative is a component of a hybrid contract that also includes a non- derivative host with the effect that some of the cash flows of the combined instrument vary in a way similar to a stand-alone derivative. An embedded derivative causes some or all of the cash flows that otherwise would be required by the contract to be modified according to a specified interest rate, financial instrument price, commodity price, foreign exchange rate, or other variable. </div> <div> The host instrument is accounted for as a hybrid instrument with a debt component and a separate embedded derivative component classified as a liability. The initial carrying amount of the host instrument is the residual amount after separating the embedded derivative which is measured at fair value. The debt component is subsequently accounted for at amortized cost using the effective interest rate method. The embedded derivative is subsequently measured at fair value at each reporting date, with gains and losses in fair value recognized in profit or loss. Transaction costs that relate to the issue of the convertible loan are allocated to the liability component and embedded derivative component in proportion to the allocation of the gross proceeds. Transaction costs relating to the embedded derivative liability component are expensed directly in profit or loss and transaction costs relating to the financial liability component are included in the carrying amount of the liability component and are amortized over the expected life of the convertible loan using the effective interest method. </div>

<div> (j) Financial instruments The classification and measurement of the Company's financial assets and liabilities are as follows: Financial Assets (i) Equity instruments at fair value through other comprehensive income ("FVOCI"): This category only includes equity instruments, which the Company intends to hold for the foreseeable future and which the Company has irrevocably elected to so classify upon initial recognition or transition. Equity instruments in this category are subsequently measured at fair value with changes recognized in other comprehensive income, with no recycling of gains or losses to profit or loss upon derecognition. Equity instruments at FVOCI are not subject to an impairment assessment under IFRS 9. (ii) Amortized cost: This category includes financial assets that are held within a business model with the objective to hold the financial assets in order to collect contractual cash flows that meet the solely principal and interest ("SPPI") criterion. Financial assets classified in this category are carried at amortized cost using the effective interest method. (iii) Fair value through profit or loss ("FVTPL"): This category includes derivative instruments and quoted equity instruments which the Company has not irrevocably elected, at initial recognition or transition, to classify at FVOCI. This category would also include debt instruments whose cash flow characteristics fail the SPPI criterion or are not held within a business model whose objective is either to collect contractual cash flows, or to both collect contractual cash flows and sell. Financial assets in this category are recorded at fair value with changes recognized in profit or loss. </div> <div> Financial Liabilities Financial liabilities are designated as either: (i) fair value through profit or loss; or (ii) other financial liabilities. All financial liabilities are classified and subsequently measured at amortized cost except for financial liabilities at FVTPL. The classification determines the method by which the financial liabilities are carried on the statement of financial position subsequent to inception and how changes in value are recorded. </div>

<div> (k) Income taxes Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the country where the Company operates and generates taxable income. Current income tax relating to items recognized directly in other comprehensive income (loss) or equity is recognized in other comprehensive income (loss) or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred tax Deferred tax is provided for, based on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. </div>

<div> (l) Loss per share Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common shareholders by the weighted average number of shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the weighted average shares outstanding are increased to include additional shares for the assumed exercise of stock options and warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and warrants were exercised and that the proceeds from such exercises were used to acquire common stock at the average market price during the reporting periods. </div>

<div> 6. Quebec Acquisition On April 8, 2020, the Company completed the acquisition of 100% of the common shares of 9376-9974 Quebec Inc. ("9376"), a cryptocurrency mining operation located in Lachute, Quebec from Cryptologic Corp. In consideration for 100% of the common shares of 9376, the Company paid total consideration of $3,738,809 consisting of: (i) Issuance of 15,000,000 common shares on closing valued at a price of C$0.23 per common share for a total of $2,458,470 (C$3,450,000); and (ii) Cash payment of $1,235,873 (C$1,734,315) and a holdback payable of $44,466. The allocation of the total purchase price to the net assets acquired is as follows: <div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:100%;border-color:#000000"> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Prepaid expenses</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">719,699</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Data Centre Equipment (Note 11)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">2,322,077</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Right of use asset (Note 15)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,469,327</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Intangible asset*</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">872,545</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Accounts Payable</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(175,512</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Lease liability</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">(2,469,327</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000">)</td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff;border-bottom:1.5pt solid #000000">Net assets acquired</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff;border-bottom:1.5pt solid #000000">3,738,809</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Cash paid</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">1,235,873</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Shares issued</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,458,470</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Holdback payable</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">44,466</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff;border-bottom:1.5pt solid #000000">Total consideration</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff;border-bottom:1.5pt solid #000000">3,738,809</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div>   *Intangible asset relates to favourable supply arrangements acquired as part of the business acquisition and is being amortized over the term of the existing facility lease. </div> </div>

<div> <div style="text-align:justify">7. Norway Acquisition</div> <div style="text-align:justify"> </div> <div style="text-align:justify;margin-left:21pt">In May 2018, the Company completed the acquisition of two entities in Norway (the "Norway Acquisition"), Liv Eiendom AS ("Liv Eiendom") and Kolos Norway AS ("Kolos").</div> <div style="text-align:justify;margin-left:21pt"> </div> <div style="text-align:justify;margin-bottom:0pt;margin-left:21pt">As consideration for the acquisition, the Company made cash payments of 55,576,560 Norwegian Kroner ("NOK") (US$6,902,498) to the former shareholders of Kolos, issued 4,750,000 common shares, issued 1,250,000 warrants exercisable at C$1.24 for a period of five years and incurred cash transaction costs of $428,127 related to the acquisition.</div> <div style="text-align:justify;margin-top:0pt;margin-left:21pt"> </div> <div style="text-align:justify;margin-left:21pt">The warrant consideration is subject to certain performance conditions whereby a total of 850,000 warrants are exercisable upon the Company's completion of certain milestones, being construction permitting and the commencement of revenue generating activities on the property. The holder of the warrants has no service commitment in relation to the completion of these milestones. The remaining 400,000 warrants have no vesting conditions. The 1,250,000 warrants had a fair value of $715,041 based on the following Black-Scholes assumptions: i) volatility of 94.26%; ii) expected life of 2.86 years; iii) dividend yield of 0.00% and; iv) interest rate of 2.30%.</div> <div style="text-align:justify;margin-left:21pt"> </div> <div style="text-align:justify;margin-left:21pt">Assets and liabilities acquired in the Norway Acquisition were recorded at their fair value. Included in liabilities is loans payable of $2,751,081 consisting of principal of NOK 20,915,000 ($2,559,599) and accrued interest of NOK 1,235,764 ($191,482); the loans were due December 31, 2018 and bear interest at a rate of 6% per annum. As the loans were not repaid by the due date of December 31, 2018 the interest rate is now increased to 9% per annum. Refer to Note 14 for the balance of loans payable at March 31, 2021.</div> <div style="text-align:justify;margin-left:21pt">The fair value of the land development rights acquired, being $15,002,728, was determined in reference to the excess of the purchase consideration over the fair value of the monetary assets and liabilities acquired. Management has rebutted the presumption in IFRS 2.13 that the fair value of the land rights can be estimated reliably and has instead measured the fair value of the land development rights in reference to the equity instruments granted. This rebuttal was based on the unique nature and lack of market data pertaining to the land development rights. The land development rights, located in Ballangen, Norway, is pledged as security to the above loan and is subject to a right of the Ballangen municipality to reclaim ownership in the event the property is not developed by March 2023, among other conditions.</div> <div style="text-align:justify;margin-left:21pt"> </div> <div> <table cellpadding="0" cellspacing="0" style="width:70%;margin-left:82.5pt;font-size:10pt"> <tr> <td style="width:78%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Consideration:</td> <td style="width:3%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="width:18%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">4,750,000 common shares at a value of $0.89 (C$1.14) per share:</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">4,233,968</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">1,250,000 warrants exercisable at C1.24 for five years</div> </td> <td style="width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom"> <div style="text-align:right">715,041</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">Cash</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">6,902,498</div> </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Transaction costs</div> </td> <td style="border-bottom:#000000 1px solid;width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="border-bottom:#000000 1px solid;width:18%;vertical-align:bottom"> <div style="text-align:right">428,127</div> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="border-bottom:1px solid #000000;width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="border-bottom:1px solid #000000;width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">12,279,634</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Net assets of Norway Acquisition:</div> </td> <td style="width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">Cash</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">25,193</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Land development rights</div> </td> <td style="width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom"> <div style="text-align:right">15,002,728</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">Other receivables</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">2,794</div> </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Loans payable</div> </td> <td style="border-bottom:#000000 1px solid;width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="border-bottom:#000000 1px solid;width:18%;vertical-align:bottom"> <div style="text-align:right">(2,751,081)</div> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="border-bottom:1.5pt solid #000000;width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="border-bottom:1.5pt solid #000000;width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">12,279,634</div> </td> </tr> </table> </div> <div style="margin:0pt"> </div> <div style="text-align:justify;margin-bottom:0pt;text-indent:1.5pt;margin-left:21pt">Management assessed whether there were any indicators of impairment under IAS 36. Management has concluded that it is no longer probable that the Company will be able to meet the development conditions of having the property developed by March 2023. As a result, the land development rights are impaired and were written down to $nil as at March 31, 2019.</div> </div>

3738809

12279634

18694219

15000000

4750000

5000000

0.23 0.89 1.14

2458470

3450000

4233968

23700000

18694219

1235873

1734315

55576560

6902498

44466

<div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:100%;border-color:#000000"> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Prepaid expenses</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">719,699</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Data Centre Equipment (Note 11)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">2,322,077</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Right of use asset (Note 15)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,469,327</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Intangible asset*</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">872,545</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Accounts Payable</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">(175,512</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Lease liability</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">(2,469,327</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000">)</td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff;border-bottom:1.5pt solid #000000">Net assets acquired</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff;border-bottom:1.5pt solid #000000">3,738,809</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Cash paid</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">1,235,873</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Shares issued</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,458,470</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Holdback payable</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">44,466</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff;border-bottom:1.5pt solid #000000">Total consideration</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff;border-bottom:1.5pt solid #000000">3,738,809</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div>   *Intangible asset relates to favourable supply arrangements acquired as part of the business acquisition and is being amortized over the term of the existing facility lease. </div>

<div> <table cellpadding="0" cellspacing="0" style="width:70%;margin-left:82.5pt;font-size:10pt"> <tr> <td style="width:78%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Consideration:</td> <td style="width:3%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="width:18%;vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">4,750,000 common shares at a value of $0.89 (C$1.14) per share:</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">4,233,968</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">1,250,000 warrants exercisable at C1.24 for five years</div> </td> <td style="width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom"> <div style="text-align:right">715,041</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">Cash</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">6,902,498</div> </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Transaction costs</div> </td> <td style="border-bottom:#000000 1px solid;width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="border-bottom:#000000 1px solid;width:18%;vertical-align:bottom"> <div style="text-align:right">428,127</div> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="border-bottom:1px solid #000000;width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="border-bottom:1px solid #000000;width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">12,279,634</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Net assets of Norway Acquisition:</div> </td> <td style="width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">Cash</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">25,193</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Land development rights</div> </td> <td style="width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom"> <div style="text-align:right">15,002,728</div> </td> </tr> <tr> <td style="width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left;margin-left:1.5pt">Other receivables</div> </td> <td style="width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">2,794</div> </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:78%;vertical-align:bottom"> <div style="text-align:left;margin-left:1.5pt">Loans payable</div> </td> <td style="border-bottom:#000000 1px solid;width:3%;vertical-align:bottom"> <div style="text-align:left"> </div> </td> <td style="border-bottom:#000000 1px solid;width:18%;vertical-align:bottom"> <div style="text-align:right">(2,751,081)</div> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;width:78%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:left"> </div> </td> <td style="border-bottom:1.5pt solid #000000;width:3%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">$</div> </td> <td style="border-bottom:1.5pt solid #000000;width:18%;vertical-align:bottom;background-color:#e6efff"> <div style="text-align:right">12,279,634</div> </td> </tr> </table> </div>

719699

671709

2322077

12898994

2469327

872545

15002728

3947481

175512

3198591

2469327

3738809

12279634

18694219

1250000

400000

5000000

5400000

1.24

P5Y

428127

850000 400000 715041 0.9426 P2Y10M9D 0.0000 0.0230

2751081

20915000

2559599

11410351

1235764

191482

0.06

0.09

0.08

25193

2794

<div> 8. Investments The Company's investment holdings that are not traded in active markets by the Company are considered investments. Investments are accounted for as financial assets which are initially recognized at fair value and subsequently measured through fair value through profit or loss As at March 31, 2021, the Company holds a number of non-material investments in both private and public companies valued at $981,736 (March 31, 2021 - $nil). In November 2018 the Company entered into a subscription agreement with Amber AI for an investment in a fund that holds digital currencies. At the time of the investment in Amber AI, the market value of the digital currency sent to Amber AI totaled $3,342,285. On July 19, 2019, the Company redeemed its investment held with Amber AI. The redemption was in the form of 14,866 Ethereum coins with a fair market value of $3,289,398. Realized gain on the sale of investments during the year ended March 31, 2021 was $6,639 (March 31, 2020 - $1,274,834). Unrealized gain on the sale of investments during the year ended March 31, 2021 was $794,350 (March 31, 2020 - $nil) </div>

3342285 14866 3289398

<div> 9. Amounts Receivable and Prepaids <div> <div style="margin-left:55.5pt"> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Sales tax receivable</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,586,643</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">5,215,304</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Prepaid expenses and other receivables</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,922,498</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">644,519</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Energy tax receivable</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,443,004</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,633,410</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Receivable on sale of subsidiary*</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,815,964</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Digital assets receivable</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">255,616</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">8,768,109</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">9,748,849</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> * Receivable is conditional upon ruling by the by the Swedish Tax Authority related to an ongoing value added tax process. If the ruling is favourable then the amounts will be received; otherwise the amounts will not be collectible. Management has assessed the collectibity using a probability model under a range of scenarios and this receivable reflects the results of that process. </div> </div>

<div> <div style="margin-left:55.5pt"> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Sales tax receivable</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,586,643</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">5,215,304</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Prepaid expenses and other receivables</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,922,498</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">644,519</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Energy tax receivable</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,443,004</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,633,410</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Receivable on sale of subsidiary*</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,815,964</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Digital assets receivable</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">255,616</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">8,768,109</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">9,748,849</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> * Receivable is conditional upon ruling by the by the Swedish Tax Authority related to an ongoing value added tax process. If the ruling is favourable then the amounts will be received; otherwise the amounts will not be collectible. Management has assessed the collectibity using a probability model under a range of scenarios and this receivable reflects the results of that process. </div> <div> 10. Digital Currencies As at March 31, 2021, the Company's digital currencies consisted of the below digital currencies, with a fair value of $57,499,720 (2020 - $3,455,756). Digital currencies are recorded at their fair value on the date they are received as income from digital currency mining, and are revalued to their current market value less costs to sell at each reporting date. The Company's holdings of digital currencies consist of the following: <div> <div style="margin-left:96pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Ethereum</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">38,640,733</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,364,331</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Ethereum Classic</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">223,995</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Bitcoin</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">18,858,987</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">867,430</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">57,499,720</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">3,455,756</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div>   The continuity of digital currencies was as follows: <div> <div style="margin-left:96pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Opening balance</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,455,756</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,158,501</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Digital currency mined</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">66,697,924</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">29,219,843</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Digital assets received</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,057,334</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,261,351</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Digital currency sold</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(38,437,132</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(32,996,432</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Revaluation adjustment</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">24,725,838</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(1,187,507</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Ending balance</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">57,499,720</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">3,455,756</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div>   During the year ended March 31, 2021 the Company sold digital currencies for proceeds totalling $46,435,625 (March 31, 2020 - $34,369,504) with a cost of $38,437,132 (March 31, 2020 - $32,996,432), and recorded a gain on sale of $7,998,493 (March 31, 2020 - gain of $1,373,072).  </div> <div> <div style="margin-left:96pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Ethereum</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">38,640,733</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,364,331</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Ethereum Classic</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">223,995</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Bitcoin</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">18,858,987</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">867,430</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">57,499,720</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">3,455,756</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div> <div> <div style="margin-left:96pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Opening balance</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">3,455,756</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,158,501</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Digital currency mined</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">66,697,924</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">29,219,843</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Digital assets received</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,057,334</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,261,351</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Digital currency sold</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(38,437,132</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(32,996,432</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Revaluation adjustment</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">24,725,838</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(1,187,507</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Ending balance</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">57,499,720</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">3,455,756</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div> 66697924 29219843 1057334 4261351 38437132 32996432

46435625

34369504

<div> 11. Data Centre Equipment <div> <div style="margin-left:111pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000">Cost</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">Data Centres</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">82,284,690</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:20.25pt">Additions</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">—</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">82,284,690</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:20.25pt">Quebec acquisition (Note 6)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,322,077</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:20.25pt;background-color:#e6efff">Additions*</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">20,924,181</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">105,530,948</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> Accumulated depreciation and impairment <div style="margin-left:111pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-top:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-top:0.75pt solid #000000;background-color:#e6efff">72,485,734</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Depreciation</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">3,383,256</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">75,868,990</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Depreciation</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">8,063,155</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">83,932,145</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Carrying amount</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance, March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">6,415,700</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">21,598,803</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> </div>

<div> <div style="margin-left:111pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000">Cost</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">Data Centres</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">82,284,690</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:20.25pt">Additions</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">—</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">82,284,690</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:20.25pt">Quebec acquisition (Note 6)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,322,077</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:20.25pt;background-color:#e6efff">Additions*</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">20,924,181</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">105,530,948</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> Accumulated depreciation and impairment <div style="margin-left:111pt"> <table cellpadding="0" cellspacing="0" style="width:70%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-top:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-top:0.75pt solid #000000;background-color:#e6efff">72,485,734</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Depreciation</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">3,383,256</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">75,868,990</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Depreciation</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">8,063,155</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">83,932,145</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Carrying amount</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance, March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">6,415,700</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">21,598,803</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div>

20924181

2322077

3383256

8063155

<div> 12. Deposits The Deposits at March 31, 2021 and March 31, 2020 relate to required amounts on account with electricity providers in Sweden and deposits for ASIC and GPU equipment purchases, consisting of: <div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:80%;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Description</td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right">March 31, 2021</td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right">March 31, 2020</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:5.4pt;padding-right:5.4pt">Vattenfall AB</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,494,617</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,265,907</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Bodens Energi</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">724,456</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">613,598</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff;padding-left:5.4pt;padding-right:5.4pt">Equipment Deposits</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">43,313,678</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">—</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Total </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">45,532,751</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">1,879,505</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:80%;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Description</td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right">March 31, 2021</td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;text-align:right">March 31, 2020</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;padding-left:5.4pt;padding-right:5.4pt">Vattenfall AB</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,494,617</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,265,907</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Bodens Energi</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">724,456</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">613,598</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff;padding-left:5.4pt;padding-right:5.4pt">Equipment Deposits</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">43,313,678</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">—</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Total </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">45,532,751</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">1,879,505</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div> <div> 13. Convertible loan On January 12, 2021, the Company closed its non-brokered private placement of unsecured debentures (the "Debentures"), for aggregate gross proceeds of $15,000,000 with U.S. Global Investors, Inc. ("U.S. Global"). The Interim Executive Chairman of the Company is a director, officer and controlling shareholder of U.S. Global.   The Debentures mature on the date that is 60 months from the date of issuance, bearing interest at a rate of 8% per annum. The Debentures will be issued at par, with each Debenture being redeemable by the Company at any time, and convertible at the option of the holder into common shares (each, a "Share") in the capital of the Company at a conversion price of CAD$3.00 per Share. Interest will be payable monthly and principal will be payable quarterly. In addition, U.S. Global was issued 5.0 million common share purchase warrants (the "Warrants"). Each whole Warrant entitles U.S. Global to acquire one common at an exercise price of CAD$3.00 per Share for a period of three years from closing. The Company determined that the Convertible Loan contained an embedded derivative and that the conversion feature does not qualify as equity as it does not satisfy the "fixed for fixed" requirement as the number of potential common shares to be issued is contingent on a variable carrying amount for the financial liability. The financial liability is variable because the functional currency of Hive Blockchain Technologies Ltd. is Canadian dollars and the Convertible Loan is denominated in US dollars, therefore the amount of common shares to be issued depends on the foreign exchange rate at the date of settlement. Consequently, the conversion feature is classified as a derivative liability. The Company allocated the proceeds of $15,000,000 first to derivative component for $8,560,630, with the residual value to the the liabliity component for $6,439,370. The derivative component was valued on initial recognition using the Black-Scholes option pricing model with the following assumptions: a risk-free interest rate of 0.69%; an expected volatility of 105%; an expected life of 2.71 years; a forfeiture rate of zero; and an expected dividend of zero. <div> Liability Component <div> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right">March 31, 2021</td> <td colspan="1" style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Value on initial recognition</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">6,439,370</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Principal payment</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(658,333</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Accretion</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">509,704</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">6,290,741</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div>   Derivative Component <div> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td colspan="2" style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">March 31, 2021</td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Value on initial recognition</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">8,560,630</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Change in fair value of liability</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">857,702</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Total</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">9,418,331</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> The derivative component is re-valued each reporting period. As at March 31, 2021, the derivative component was revalued at $9,418,331 using the Black-Scholes option pricing model with the following assumptions: a risk-free interest rate of 1.75%; an expected volatility of 105%; an expected life of 2.63 years; a forfeiture rate of zero; and an expected dividend of zero. Accordingly, the Company recorded a change in the fair value of the derivative liability of $857,702. </div>

15000000

18361495

P60M 3.00 5000000.0 3.00 P3Y 8560630 6439370 0.0069 0.0175 1.05 1.05 2.71 2.63 <div> Liability Component <div> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right">March 31, 2021</td> <td colspan="1" style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Value on initial recognition</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">6,439,370</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Principal payment</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(658,333</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Accretion</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">509,704</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">6,290,741</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div>   Derivative Component <div> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td colspan="2" style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">March 31, 2021</td> <td style="vertical-align:bottom;text-align:right;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Value on initial recognition</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">8,560,630</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Change in fair value of liability</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">857,702</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Total</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">9,418,331</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> 6439370 8560630 509704

857702

<div> 14.   Loans Payable As part of the Norway Acquisition (Note 7) the Company assumed loans with a principal balance of $2,559,599 (NOK 20,915,000). The loans from the Norway Acquisition are in default as at March 31, 2021. A continuity of the loan balance from the date of the Norway Acquisition to March 31, 2021 is as follows: <div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Norway</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Boden</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Total</td> <td style="vertical-align:bottom;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000">(Note 29)</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000">(Note 27)</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance - March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">2,827,024</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">2,827,024</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Interest</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">166,846</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">166,846</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Foreign exchange movement</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(280,797</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(280,797</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance - March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">2,713,073</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">2,713,073</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Additions (Note 27)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Interest</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">207,678</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">207,678</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Foreign exchange movement</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">251,338</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">251,338</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance - March 31, 2021</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">3,172,089</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">21,533,584</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Less: Current portion</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(3,172,089</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(1,224,102</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(4,396,191</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Non-current portion</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:10%">-</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:10%">17,137,393</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:10%">17,137,393</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div>

<div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Norway</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Boden</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Total</td> <td style="vertical-align:bottom;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000">(Note 29)</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000">(Note 27)</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance - March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">2,827,024</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">2,827,024</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Interest</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">166,846</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">166,846</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Foreign exchange movement</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(280,797</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">(280,797</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance - March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">2,713,073</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">2,713,073</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Additions (Note 27)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Interest</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">207,678</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">207,678</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Foreign exchange movement</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">251,338</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">251,338</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance - March 31, 2021</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">3,172,089</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">21,533,584</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Less: Current portion</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(3,172,089</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(1,224,102</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(4,396,191</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Non-current portion</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:10%">-</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:10%">17,137,393</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:10%">17,137,393</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div>

2827024

2713073

3172089

18361495

21533584

166846

207678

-280797 0 -280797 251338 0 251338

<div> 15. Right of Use Asset and Lease Liability The Company adopted a new lease standard and recognized $360,361 of lease liability on April 1, 2019. The lease liability was measured at the present value of the remaining lease payments of $360,361 as of April 1, 2019, discounted using an incremental borrowing rate of that date of 6%. The Company recorded a right of use asset of the same amount which relates to its long-term office lease. Depreciation of the right of use asset is calculated using the straight-line method over the remaining lease term. During the year ended March 31, 2021, the Company recognized interest expense on the lease liability of $236,600 which was recorded within finance expense. <div style="margin-left:54pt"> <div> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;white-space:nowrap;border-top:0.75pt solid #000000;width:84.7339%">Cost</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000;width:12.0448%">Right of Use Assets</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Transition to IFRS 16</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">360,361</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">2,730,877</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Derecognition on sub-lease</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">(360,361</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Adjustment for change in variable payments based on rate or index</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">59,923</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">2,790,800</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Additions (Note 6)</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">2,469,327</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Foreign exchange</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">493,001</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">5,753,128</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%"> </td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%"> </td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Accumulated Depreciation</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">-</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">(610,587</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Derecognition on sub-lease</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">60,061</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">(550,526</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">(2,181,512</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Foreign exchange</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">(42,806</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">(2,774,844</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%"> </td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Carrying Amount</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">2,240,274</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">2,978,284</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> </table> </div> </div> </div> <div> <div style="margin-left:51.75pt"> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Lease Liability</td> <td style="vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Transition to IFRS 16</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">360,361</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,730,877</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Lease payments made</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(762,908</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;background-color:#e6efff">Interest expense on lease liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">87,852</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;border-bottom:0.75pt solid #000000">Adjustment for change in variable payments based on rate or index</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000">(72,244</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,343,938</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Additions (Note 6)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,469,327</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;background-color:#e6efff">Lease payments made</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(2,561,297</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Interest expense on lease liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">236,600</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Foreign exchange</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000;background-color:#e6efff">575,271</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">3,063,839</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">Less: current portion</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(1,910,712</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000">Balance, March 31, 2021</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000">1,153,127</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left">Lease Disclosures</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Interest expense on lease liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">236,600</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left">Income from sub-leasing</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">9,786</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total cash outflow for leases</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:1.5pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:1.5pt solid #000000;background-color:#e6efff">2,561,297</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:1.5pt solid #000000"> </td> </tr> </table> <div> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Maturity Analysis - Undiscounted Contractual Payments</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left">Less than 1 year</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">2,015,361</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">1 to 2 years</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">954,240</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000">2 to 3 years</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000">238,560</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:1.5pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:1.5pt solid #000000;background-color:#e6efff">3,208,161</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> </div> During the year ended March 31, 2020, the Company sub-leased the office space to an arm's length tenant. The Company has recorded a net investment in sublease of $360,361 measured at either an amount equal to the leased asset or the carrying amount as if IFRS 16 had been applied since the commencement date, discounted using the incremental borrowing rate on April 1, 2019. The following is a reconciliation of the changes in the net investment in sublease: <div style="margin-left:63pt"> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-top:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-top:0.75pt solid #000000;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt">Recognition of sublease</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">300,300</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff">Lease accretion</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">26,273</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt">Receipts</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">(92,421</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">234,152</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt">Lease accretion</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">9,786</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff">Receipts</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(167,194</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance, March 31, 2021</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">76,744</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div>

360361 360361

0.06

236600

87852

236600

87852

<div> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;white-space:nowrap;border-top:0.75pt solid #000000;width:84.7339%">Cost</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000;width:12.0448%">Right of Use Assets</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Transition to IFRS 16</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">360,361</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">2,730,877</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Derecognition on sub-lease</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">(360,361</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Adjustment for change in variable payments based on rate or index</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">59,923</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">2,790,800</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Additions (Note 6)</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">2,469,327</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Foreign exchange</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">493,001</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">5,753,128</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%"> </td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%"> </td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Accumulated Depreciation</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">-</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">(610,587</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Derecognition on sub-lease</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">60,061</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">(550,526</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;width:84.7339%">Depreciation</td> <td style="vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%">(2,181,512</td> <td style="vertical-align:bottom;text-align:left;width:1.96078%">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff;width:84.7339%">Foreign exchange</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">(42,806</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">(2,774,844</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%"> </td> <td style="vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Carrying Amount</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff;width:84.7339%">Balance, March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%;background-color:#e6efff">2,240,274</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;width:84.7339%">Balance, March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.12045%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12.0448%">2,978,284</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1.96078%"> </td> </tr> </table> </div>

2730877

2469327

-360361 60061

59923

72244

493001 -42806

610587

2181512

<table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Lease Liability</td> <td style="vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Transition to IFRS 16</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">360,361</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;background-color:#e6efff">Additions</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,730,877</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Lease payments made</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(762,908</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;background-color:#e6efff">Interest expense on lease liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">87,852</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;border-bottom:0.75pt solid #000000">Adjustment for change in variable payments based on rate or index</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000">(72,244</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,343,938</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Additions (Note 6)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,469,327</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;background-color:#e6efff">Lease payments made</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(2,561,297</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt">Interest expense on lease liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">236,600</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:8.25pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Foreign exchange</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000;background-color:#e6efff">575,271</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">3,063,839</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">Less: current portion</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000;background-color:#e6efff">(1,910,712</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000">Balance, March 31, 2021</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000">1,153,127</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left">Lease Disclosures</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Interest expense on lease liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">236,600</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left">Income from sub-leasing</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">9,786</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff">Total cash outflow for leases</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:1.5pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:1.5pt solid #000000;background-color:#e6efff">2,561,297</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:1.5pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:1.5pt solid #000000"> </td> </tr> </table>

2343938

3063839

360361 2730877 2469327 575271

9786

<div> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">Maturity Analysis - Undiscounted Contractual Payments</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left">Less than 1 year</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">2,015,361</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff">1 to 2 years</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">954,240</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:0.75pt solid #000000">2 to 3 years</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:0.75pt solid #000000">238,560</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;border-bottom:1.5pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-bottom:1.5pt solid #000000;background-color:#e6efff">3,208,161</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-bottom:1.5pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> 2015361 954240 238560 3208161 <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;text-align:left;width:1%;border-top:0.75pt solid #000000;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;border-top:0.75pt solid #000000;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt">Recognition of sublease</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">300,300</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff">Lease accretion</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">26,273</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt">Receipts</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">(92,421</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">234,152</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:10.5pt">Lease accretion</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">9,786</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:10.5pt;background-color:#e6efff">Receipts</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(167,194</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Balance, March 31, 2021</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">76,744</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> 26273 9786 92421 167194

<div> 16. Commitments and contingencies (a) Service agreements The Company has a service agreement to operate and maintain their data centre computing equipment for the purpose of mining crypto currency on the cloud. As part of the arrangement, proprietary software is installed on the Company's computing equipment to assist in optimizing the use of the equipment. (b) Power purchase agreement The Company has a supplemental power pricing arrangement that was entered into in order to fix 12 MW of electricity consumption each month at a set price. The fixed price agreement was assessed and is being accounted for as an executory contract whereby the monthly electricity costs are expensed as incurred. (c) Capital and other commitments: There were no capital or other commitments at the current or prior year end in addition to the commitments disclosed above. (d) Obligations on Mining equipment The Company had purchase commitments of $44,589,100. </div>

44589100

<div> 17. Related Party Transactions The Company had the following related party transactions not otherwise disclosed in these consolidated financial statements: a) As at March 31, 2021, the Company had $49,288 (March 31, 2020 - $182,787) due to directors for the reimbursement of expenses included in accounts payable and accrued liabilities. Key Management Compensation Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consist of members of the Company's Board of Directors and corporate officers. For the year ended March 31, 2021, key management compensation includes salaries and wages paid to key management personnel and directors of $743,684 (March 31, 2020 - $687,697) and share-based payments of $1,326,049 (March 31, 2020 - $450,436).  </div>

49288

182787

743684

687697

1326049

450436

<div> 18. Income Taxes A reconciliation of income taxes at statutory rates with the reported taxes is as follows: <div style="margin-left:31.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Income (loss) for the year from continuing operations before</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">42,691,050</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(832,081</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Expected income tax (recovery)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">11,527,336</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(224,258</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Change in statutory, foreign tax, foreign exchange rates and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(13,449,000</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(1,342,000</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Permanent differences</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,799,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">260,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Impact on sale of subsidiary</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">3,924,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Share issue cost</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(497,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Adjustment to prior years provision and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,803,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">11,155,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Change in unrecognized deductible temporary differences</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(7,956,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(9,018,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Tax recovery (expense)</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">151,336</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">830,742</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Current income tax</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">151,336</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">830,742</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Deferred income tax</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total income tax</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">151,336</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">830,742</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> The significant components of the Company's deductible temporary differences, unused tax losses and unused tax credits not included in deferred tax assets/liabilities: <div style="margin-left:31.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center">Expiry</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Intangible asset</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">6,209,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">2020 - 2039</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Share issue costs and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">5,162,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">8,758,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">2041 - 2045</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Loss carryforwards</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">75,393,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">87,023,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;white-space:nowrap;background-color:#e6efff">2025 - Indefinite</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Digital currencies</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">9,434,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">NA</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Intercompany loan</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">12,884,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">NA</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:9.75pt">Data centre equipment</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%">4,368,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%">14,249,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%">NA</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">104,016,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">119,464,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div>

<table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;white-space:nowrap"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;white-space:nowrap">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Income (loss) for the year from continuing operations before</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">42,691,050</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(832,081</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Expected income tax (recovery)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">11,527,336</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(224,258</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Change in statutory, foreign tax, foreign exchange rates and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(13,449,000</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">(1,342,000</td> <td style="vertical-align:bottom;text-align:left;width:2%">)</td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Permanent differences</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,799,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">260,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Impact on sale of subsidiary</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">3,924,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Share issue cost</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(497,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Adjustment to prior years provision and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,803,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">11,155,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Change in unrecognized deductible temporary differences</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(7,956,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(9,018,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Tax recovery (expense)</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">151,336</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">830,742</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Current income tax</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">151,336</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">830,742</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Deferred income tax</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total income tax</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">151,336</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">830,742</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table>

42691050

-832081

11527336

-224258

-13449000

-1342000

4799000

260000

3924000 0 -497000 0

1803000

11155000

-7956000 -9018000

151336

830742

<table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;text-align:center">Expiry</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:left;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Intangible asset</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">6,209,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">2020 - 2039</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Share issue costs and other</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">5,162,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">8,758,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">2041 - 2045</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Loss carryforwards</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">75,393,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">87,023,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;white-space:nowrap;background-color:#e6efff">2025 - Indefinite</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt">Digital currencies</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">9,434,000</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:10%">NA</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:9.75pt;background-color:#e6efff">Intercompany loan</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">12,884,000</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">NA</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:9.75pt">Data centre equipment</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%">4,368,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%">14,249,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%">NA</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">104,016,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff">119,464,000</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:10%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table>

6209000

5162000

8758000

75393000

87023000

9434000

12884000

4368000

14249000

104016000

119464000

2020 - 2039

2041 - 2045

2025 - Indefinite

<div> 19. Equity (a) Authorized Unlimited common shares without par value Unlimited preferred shares without par value (b) Issued and fully paid common shares During the year ended March 31, 2021, the Company: • Issued 15,000,000 common shares with a value of C$3,450,000 ($2,458,470) to Cryptologic Corp. in connection to the acquisition of 9376-9974 Quebec Inc. • Issued 100,000 common shares with a value of C$22,875 ($24,448) to a contractor in exchange for services completed. • Issued 1,626,000 common shares with a value of $584,244 pursuant to the vesting of 1,626,000 restricted share-units. An amount of $241,502 was reallocated from reserves to share capital in connection with the vesting of these restricted share-units • Issued 7,476,972 common shares for proceeds of C$4,673,819 ($3,779,887) pursuant to the exercise of 187,500 options at a price of C$0.29, 5,625,000 options at a price of C$0.30 per option, 300,000 options at a price of C$0.62 per option, 1,344,472 options at a price of C$2.00 per option, and 20,000 options at a price of C$2.85 per option. An amount of $2,056,713 was reallocated from reserves to share capital in connection with the exercise of these options. • Issued 16,363,500 common shares (the "ATM Shares") pursuant to the ATM Equity Program for proceeds of C$81,726,582 ($64,543,080). The ATM Shares were sold at prevailing market prices, for an average price per ATM Share of C$4.99. Pursuant to the Equity Distribution Agreement , a cash commission of $1,842,480 on the aggregate gross proceeds raised was paid to the agent in connection with its services under the Equity Distribution Agreement. • Subsequent to the year ended March 31, 2021, the Company issued 6,897,700 common shares (the "ATM Shares") pursuant to the ATM Equity Program for proceeds of C$26,808,163 ($21,484,385). The ATM Shares were sold at prevailing market prices, for an average price per ATM Share of C$3.94. Pursuant to the Equity Distribution Agreement, a cash commission of $644,532 on the aggregate gross proceeds raised was paid to the agent in connection with its services under the Equity Distribution Agreement. During the year ended March 31, 2020, the Company: • Issued 1,469,938 common shares for proceeds of C$440,981 ($329,323) pursuant to the exercise of 1,469,938 options at a price of C$0.30 per option. An amount of $186,164 was reallocated from reserves to share capital in connection with the exercise of these options. As at March 31, 2021 no common shares were held in escrow. (c) Stock options The Company has established a rolling Stock Option Plan (the "Plan"). Under the Plan, the number of shares reserved for issuance may not exceed 10% of the total number of issued and outstanding shares and, to any one optionee, may not exceed 5% of the issued shares on a yearly basis. The maximum term of each option shall not be greater than 10 years. The exercise price of each option shall not be less than the market price of the Company's shares at the date of grant. Options granted to Consultants performing Investor Relations activities shall vest over a minimum of 12 months with no more than 1/4 of such options vesting in any 3-month period. All other options vest at the discretion of the Board of Directors. </div> <div> Following is a summary of changes in stock options outstanding for the year ended March 31, 2021: <div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:80%;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">Weighted average</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">Outstanding</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">exercise price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">20,216,952</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">C$</td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">0.61</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">3,000,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">0.29</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;background-color:#e6efff">Forfeited</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">(853,846</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">1.03</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Exercised</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">(1,469,938</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">0.30</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">20,893,168</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">C$</td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">0.57</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">1,138,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">4.52</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;background-color:#e6efff">Forfeited</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">(1,000,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">0.62</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Exercised</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">(7,476,972</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">0.63</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff;border-bottom:0.75pt solid #000000">Balance, March 31, 2021</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff;border-bottom:0.75pt solid #000000">13,554,196</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000">C$</td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff;border-bottom:0.75pt solid #000000">0.87</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000"> </td> </tr> </table> </div>   The stock options outstanding and exercisable as at March 31, 2021, are as follows: <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;margin-left:78pt;width:75%"> <tr> <td style="border-bottom:#000000 1px solid;width:25%;vertical-align:bottom"> Outstanding </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;padding-right:10pt"> Exercisable </td> <td colspan="2" style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;text-align:center">Exercise price</td> <td style="border-bottom:1px solid #000000;width:27%;vertical-align:bottom;padding-left:10pt"> Expiry date </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 676,502 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 676,502 </td> <td style="width:10.5%;vertical-align:bottom;white-space:nowrap;background-color:#e6efff;padding-left:10pt">C$</td> <td style="width:10.5%;vertical-align:bottom;white-space:nowrap;background-color:#e6efff;padding-right:10pt"> 0.30 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> September 14, 2022 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 10,000 </td> <td style="width:25%;vertical-align:bottom"> — </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 3.14 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> February 11, 2026 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 5,075,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 5,075,000 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 0.30 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> September 14, 2027 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 1,122,194 </td> <td style="width:25%;vertical-align:bottom"> 1,122,194 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 2.00 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> October 11, 2027 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 250,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 250,000 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 2.00 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> March 26, 2028 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 2,000,000 </td> <td style="width:25%;vertical-align:bottom"> 2,000,000 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 0.62 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> September 18, 2028 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 500,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 500,000 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 0.27 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> December 21, 2028 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 2,812,500 </td> <td style="width:25%;vertical-align:bottom"> 1,406,250 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 0.29 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> February 10, 2030 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 100,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 37,500 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 0.38 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> May 29, 2030 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 8,000 </td> <td style="width:25%;vertical-align:bottom"> 8,000 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 2.16 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> December 24, 2030 </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;background-color:#e6efff"> 1,000,000 </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;background-color:#e6efff"> — </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 5.00 </td> <td style="border-bottom:1px solid #000000;width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> February 23, 2031 </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:25%;vertical-align:bottom"> 13,554,196 </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom"> 11,075,446 </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;padding-right:10pt">   </td> <td style="border-bottom:#000000 1px solid;width:27%;vertical-align:bottom">   </td> </tr> </table> </div>   *Subsequent to March 31, 2021, the Company granted options to acquire 175,000 common shares exercisable at C$5.03 expiring April 6, 2031, 550,000 common shares exercisable at C$3.67 expiring April 29, 2031, and 50,000 common shares exercisable at C$2.99 expiring June 4, 2026, 215,577 options were also exercised for proceeds of C$303,654 (d) Warrants Following is a summary of changes in warrants outstanding for the year ended March 31, 2021: <div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:80%;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;padding-left:5.4pt;padding-right:5.4pt;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-top:0.75pt solid #000000">Warrants</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-top:0.75pt solid #000000">Weighted average</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000">outstanding</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center;border-bottom:0.75pt solid #000000">exercise price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">50,080,150</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">C$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3.83</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Expired</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">(48,830,150</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">3.90</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1,250,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">C$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">1.24</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Issued</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">5,000,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">3.00</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Balance, March 31, 2021</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">6,250,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">C$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">2.65</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div>   The warrants outstanding and exercisable as at March 31, 2021, are as follows: <div> <table cellpadding="0" cellspacing="0" style="width:80%;margin-left:78pt;font-size:10pt;border-collapse:collapse"> <tr> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;white-space:nowrap"> Outstanding </td> <td style="border-bottom:1px solid #000000;width:1%;vertical-align:bottom;white-space:nowrap">   </td> <td style="border-bottom:1px solid #000000;width:22%;vertical-align:bottom;padding-right:10pt;white-space:nowrap"> Exercisable </td> <td colspan="2" style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;white-space:nowrap"> Exercise price </td> <td style="border-bottom:1px solid #000000;width:26%;vertical-align:bottom;padding-left:10pt;white-space:nowrap"> Expiry date </td> </tr> <tr> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 1,250,000 </td> <td style="width:1%;vertical-align:bottom;background-color:#e6efff"> * </td> <td style="width:22%;vertical-align:bottom;background-color:#e6efff"> 400,000 </td> <td style="width:8%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> C$ </td> <td style="width:16%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 1.24 </td> <td style="width:26%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> May 22, 2023 </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:23%;vertical-align:bottom"> 5,000,000 </td> <td style="border-bottom:#000000 1px solid;width:1%;vertical-align:bottom">   </td> <td style="border-bottom:1px solid #000000;width:22%;vertical-align:bottom"> 5,000,000 </td> <td style="border-bottom:1px solid #000000;width:8%;vertical-align:bottom;padding-left:10pt"> C$ </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;padding-right:10pt"> 3.00 </td> <td style="border-bottom:1px solid #000000;width:26%;vertical-align:bottom;padding-left:10pt"> January 12, 2024 </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;background-color:#e6efff"> 6,250,000 </td> <td style="border-bottom:1px solid #000000;width:1%;vertical-align:bottom;background-color:#e6efff">   </td> <td style="border-bottom:1px solid #000000;width:22%;vertical-align:bottom;background-color:#e6efff"> 5,400,000 </td> <td style="border-bottom:1px solid #000000;width:8%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt">   </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt">   </td> <td style="border-bottom:1px solid #000000;width:26%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff">   </td> </tr> </table> </div> <div> </div> </div> <div> * Of the 1,250,000 warrants granted as part of the Norway Acquisition (Note 7), 400,000 vest upon the receipt of all regulatory permits required to commence construction of a digital currency mining data centre in Ballangen Norway. A further 450,000 warrants vest upon the commencement of the mining of digital currency or other revenue generating activity on the property. (e) Restricted share-units The Company has established a Restricted Share Unit Plan (the "RSU Plan"). Under the RSU Plan, together with any other share compensation arrangement, the number of shares reserved for issuance may not exceed 10% of the total number of issued and outstanding shares and, to any one optionee, may not exceed 5% of the issued shares on a yearly basis. Currently, the RSU Plan has a limit of 10 million shares, which is not rolling. The Board may in its own discretion, at any time, and from time to time, grant RSUs to any employee, director or consultant of the Company or its subsidiaries (collectively, "Eligible Persons"), other than persons conducting investor relations activities, subject to the limitations set forth in the RSU Plan. The Board may designate one or more performance periods under the RSU Plan. In respect of each designated performance period and subject to the terms of the RSU Plan, the Board may from time to time establish the grant date and grant to any Eligible Person one or more RSUs as the Board deems appropriate. Following is a summary of changes in restricted share units outstanding for the year ended March 31, 2021: <div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:50%;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Outstanding</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">—</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">3,100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">310,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Exercised</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">(1,626,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Balance, March 31, 2021</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">1,784,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> </table> </div>   Subsequent to March 31, 2021, 517,500 shares were were issued under the RSU plan. (f) Share-based compensation During the year ended March 31, 2021, $936,127 (March 31, 2020 - $524,953) of share-based compensation expense was recognized in relation to the vesting of options, and $718,219 (March 31, 2020 - $161,706) of share-based compensation expense was recognized in relation to the vesting of RSU's. The following weighted average assumptions were used for the valuation of the stock options: <div> <table cellpadding="0" cellspacing="0" style="width:276.75pt;margin-left:auto;font-size:10pt;border-collapse:collapse;margin-right:auto"> <tr> <td style="border-bottom:1px solid #000000;width:50%;vertical-align:bottom;border-top:0.75pt solid #000000">   </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;border-top:0.75pt solid #000000"> 2021 </td> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;border-top:0.75pt solid #000000"> 2020 </td> </tr> <tr> <td style="width:50%;vertical-align:bottom;background-color:#e6efff"> Risk-free interest rate </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 0.42% </td> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 1.32% </td> </tr> <tr> <td style="width:50%;vertical-align:bottom"> Expected life (years) </td> <td style="width:25%;vertical-align:bottom"> 5.00 </td> <td style="width:23%;vertical-align:bottom"> 6.00 </td> </tr> <tr> <td style="width:50%;vertical-align:bottom;background-color:#e6efff"> Annualized volatility </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 105% </td> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 120% </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:50%;vertical-align:bottom"> Dividend rate </td> <td style="border-bottom:#000000 1px solid;width:25%;vertical-align:bottom"> 0.00% </td> <td style="border-bottom:#000000 1px solid;width:23%;vertical-align:bottom"> 0.00% </td> </tr> </table> </div> <div> </div> </div>

3450000 2458470 22875 24448 584244

1626000

241502

7476972

187500

5625000

300000

1344472

20000

1469938

215577

4673819 3779887 440981 329323

0.29

0.30

0.62

2.00

2.85

0.30

0.63

2056713 186164 81726582 64543080 26808163 21484385

4.99

3.94

1842480

644532

0.10 0.05

10 years

Options granted to Consultants performing Investor Relations activities shall vest over a minimum of 12 months with no more than 1/4 of such options vesting in any 3-month period. All other options vest at the discretion of the Board of Directors.

<div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:80%;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">Weighted average</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">Outstanding</td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;text-align:right;white-space:nowrap;border-bottom:0.75pt solid #000000">exercise price</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">20,216,952</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">C$</td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">0.61</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">3,000,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">0.29</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;background-color:#e6efff">Forfeited</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">(853,846</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">1.03</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Exercised</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">(1,469,938</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">0.30</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">20,893,168</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">C$</td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">0.57</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">1,138,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:10%;text-align:right">4.52</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;background-color:#e6efff">Forfeited</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">(1,000,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff">0.62</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Exercised</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">(7,476,972</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000">)</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;border-bottom:0.75pt solid #000000">0.63</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff;border-bottom:0.75pt solid #000000">Balance, March 31, 2021</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff;border-bottom:0.75pt solid #000000">13,554,196</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000">C$</td> <td style="vertical-align:bottom;width:10%;text-align:right;background-color:#e6efff;border-bottom:0.75pt solid #000000">0.87</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff;border-bottom:0.75pt solid #000000"> </td> </tr> </table> </div>

20216952

20893168

13554196

676502

10000

5075000

1122194

250000

2000000

500000

2812500

100000

8000

1000000

0.61

0.57

0.87

0.30

3.14

0.30

2.00

0.62

0.27

0.29

0.38

2.16

5.00

3000000

1138000

175000

550000

50000

0.29

4.52

853846

1000000

1.03

0.62

<div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;margin-left:78pt;width:75%"> <tr> <td style="border-bottom:#000000 1px solid;width:25%;vertical-align:bottom"> Outstanding </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;padding-right:10pt"> Exercisable </td> <td colspan="2" style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;text-align:center">Exercise price</td> <td style="border-bottom:1px solid #000000;width:27%;vertical-align:bottom;padding-left:10pt"> Expiry date </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 676,502 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 676,502 </td> <td style="width:10.5%;vertical-align:bottom;white-space:nowrap;background-color:#e6efff;padding-left:10pt">C$</td> <td style="width:10.5%;vertical-align:bottom;white-space:nowrap;background-color:#e6efff;padding-right:10pt"> 0.30 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> September 14, 2022 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 10,000 </td> <td style="width:25%;vertical-align:bottom"> — </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 3.14 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> February 11, 2026 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 5,075,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 5,075,000 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 0.30 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> September 14, 2027 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 1,122,194 </td> <td style="width:25%;vertical-align:bottom"> 1,122,194 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 2.00 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> October 11, 2027 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 250,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 250,000 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 2.00 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> March 26, 2028 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 2,000,000 </td> <td style="width:25%;vertical-align:bottom"> 2,000,000 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 0.62 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> September 18, 2028 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 500,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 500,000 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 0.27 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> December 21, 2028 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 2,812,500 </td> <td style="width:25%;vertical-align:bottom"> 1,406,250 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 0.29 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> February 10, 2030 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 100,000 </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 37,500 </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 0.38 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> May 29, 2030 </td> </tr> <tr> <td style="width:25%;vertical-align:bottom"> 8,000 </td> <td style="width:25%;vertical-align:bottom"> 8,000 </td> <td style="width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="width:10.5%;vertical-align:bottom;padding-right:10pt"> 2.16 </td> <td style="width:27%;vertical-align:bottom;padding-left:10pt"> December 24, 2030 </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;background-color:#e6efff"> 1,000,000 </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;background-color:#e6efff"> — </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 5.00 </td> <td style="border-bottom:1px solid #000000;width:27%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> February 23, 2031 </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:25%;vertical-align:bottom"> 13,554,196 </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom"> 11,075,446 </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;padding-left:10pt"> </td> <td style="border-bottom:1px solid #000000;width:10.5%;vertical-align:bottom;padding-right:10pt">   </td> <td style="border-bottom:#000000 1px solid;width:27%;vertical-align:bottom">   </td> </tr> </table> </div>

676502

5075000

1122194

250000

2000000

500000

1406250

37500

8000

11075446

5.03

3.67

2.99

<div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;border-collapse:collapse;width:50%;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000">Outstanding</td> <td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2019</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">—</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">3,100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Balance, March 31, 2020</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,100,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt">Granted</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">310,000</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:16pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Exercised</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">(1,626,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Balance, March 31, 2021</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">1,784,000</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> </table> </div>

50080150

1250000

6250000

1250000

5000000

3100000

1784000

3.83

1.24

2.65

1.24

3.00

48830150

3.90

5000000

3100000

310000

517500

3.00

<div> <table cellpadding="0" cellspacing="0" style="width:80%;margin-left:78pt;font-size:10pt;border-collapse:collapse"> <tr> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;white-space:nowrap"> Outstanding </td> <td style="border-bottom:1px solid #000000;width:1%;vertical-align:bottom;white-space:nowrap">   </td> <td style="border-bottom:1px solid #000000;width:22%;vertical-align:bottom;padding-right:10pt;white-space:nowrap"> Exercisable </td> <td colspan="2" style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;white-space:nowrap"> Exercise price </td> <td style="border-bottom:1px solid #000000;width:26%;vertical-align:bottom;padding-left:10pt;white-space:nowrap"> Expiry date </td> </tr> <tr> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 1,250,000 </td> <td style="width:1%;vertical-align:bottom;background-color:#e6efff"> * </td> <td style="width:22%;vertical-align:bottom;background-color:#e6efff"> 400,000 </td> <td style="width:8%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt"> C$ </td> <td style="width:16%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt"> 1.24 </td> <td style="width:26%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff"> May 22, 2023 </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:23%;vertical-align:bottom"> 5,000,000 </td> <td style="border-bottom:#000000 1px solid;width:1%;vertical-align:bottom">   </td> <td style="border-bottom:1px solid #000000;width:22%;vertical-align:bottom"> 5,000,000 </td> <td style="border-bottom:1px solid #000000;width:8%;vertical-align:bottom;padding-left:10pt"> C$ </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;padding-right:10pt"> 3.00 </td> <td style="border-bottom:1px solid #000000;width:26%;vertical-align:bottom;padding-left:10pt"> January 12, 2024 </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;background-color:#e6efff"> 6,250,000 </td> <td style="border-bottom:1px solid #000000;width:1%;vertical-align:bottom;background-color:#e6efff">   </td> <td style="border-bottom:1px solid #000000;width:22%;vertical-align:bottom;background-color:#e6efff"> 5,400,000 </td> <td style="border-bottom:1px solid #000000;width:8%;vertical-align:bottom;background-color:#e6efff;padding-left:10pt">   </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;background-color:#e6efff;padding-right:10pt">   </td> <td style="border-bottom:1px solid #000000;width:26%;vertical-align:bottom;padding-left:10pt;background-color:#e6efff">   </td> </tr> </table> </div> 1250000 400000 450000 0.10 0.05 10000000

<div> <table cellpadding="0" cellspacing="0" style="width:276.75pt;margin-left:auto;font-size:10pt;border-collapse:collapse;margin-right:auto"> <tr> <td style="border-bottom:1px solid #000000;width:50%;vertical-align:bottom;border-top:0.75pt solid #000000">   </td> <td style="border-bottom:1px solid #000000;width:25%;vertical-align:bottom;border-top:0.75pt solid #000000"> 2021 </td> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;border-top:0.75pt solid #000000"> 2020 </td> </tr> <tr> <td style="width:50%;vertical-align:bottom;background-color:#e6efff"> Risk-free interest rate </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 0.42% </td> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 1.32% </td> </tr> <tr> <td style="width:50%;vertical-align:bottom"> Expected life (years) </td> <td style="width:25%;vertical-align:bottom"> 5.00 </td> <td style="width:23%;vertical-align:bottom"> 6.00 </td> </tr> <tr> <td style="width:50%;vertical-align:bottom;background-color:#e6efff"> Annualized volatility </td> <td style="width:25%;vertical-align:bottom;background-color:#e6efff"> 105% </td> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 120% </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:50%;vertical-align:bottom"> Dividend rate </td> <td style="border-bottom:#000000 1px solid;width:25%;vertical-align:bottom"> 0.00% </td> <td style="border-bottom:#000000 1px solid;width:23%;vertical-align:bottom"> 0.00% </td> </tr> </table> </div>

0.0042

0.0132

1.05

1.20

0.0000

<div> 20. Income and loss per share Income (loss) per common share represents net income (loss) for the year divided by the weighted average number of common shares outstanding during the year. Diluted income (loss) per share is calculated by dividing the applicable net income (loss) by the sum of the weighted average number of common shares outstanding and all additional common shares that would have been outstanding if potentially dilutive common shares had been issued during the year. <div> <table cellpadding="0" cellspacing="0" style="margin-left:22.5pt;width:90%;font-size:10pt;border-collapse:collapse"> <tr> <td style="width:59%;vertical-align:bottom;border-top:0.75pt solid #000000">   </td> <td style="width:23%;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap"> Year ended </td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap"> Year ended </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:59%;vertical-align:bottom">   </td> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;white-space:nowrap"> March 31, 2021 </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;white-space:nowrap"> March 31, 2020 </td> </tr> <tr> <td style="width:59%;vertical-align:bottom;background-color:#e6efff"> Basic weighted average number of common shares outstanding </td> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 347,059,039 </td> <td style="width:16%;vertical-align:bottom;background-color:#e6efff"> 326,895,000 </td> </tr> <tr> <td style="width:59%;vertical-align:bottom"> Effect of dilutive stock options and warrants </td> <td style="width:23%;vertical-align:bottom"> 13,259,446 </td> <td style="width:16%;vertical-align:bottom"> - </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:59%;vertical-align:bottom;background-color:#e6efff"> Effect of convertible loan </td> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;background-color:#e6efff"> 6,128,917 </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;background-color:#e6efff"> - </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:59%;vertical-align:bottom"> Diluted weighted average common shares outstanding </td> <td style="border-bottom:#000000 1px solid;width:23%;vertical-align:bottom"> 366,447,402 </td> <td style="border-bottom:#000000 1px solid;width:16%;vertical-align:bottom"> 326,895,000 </td> </tr> </table> </div> </div>

<div> <table cellpadding="0" cellspacing="0" style="margin-left:22.5pt;width:90%;font-size:10pt;border-collapse:collapse"> <tr> <td style="width:59%;vertical-align:bottom;border-top:0.75pt solid #000000">   </td> <td style="width:23%;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap"> Year ended </td> <td style="width:16%;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap"> Year ended </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:59%;vertical-align:bottom">   </td> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;white-space:nowrap"> March 31, 2021 </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;white-space:nowrap"> March 31, 2020 </td> </tr> <tr> <td style="width:59%;vertical-align:bottom;background-color:#e6efff"> Basic weighted average number of common shares outstanding </td> <td style="width:23%;vertical-align:bottom;background-color:#e6efff"> 347,059,039 </td> <td style="width:16%;vertical-align:bottom;background-color:#e6efff"> 326,895,000 </td> </tr> <tr> <td style="width:59%;vertical-align:bottom"> Effect of dilutive stock options and warrants </td> <td style="width:23%;vertical-align:bottom"> 13,259,446 </td> <td style="width:16%;vertical-align:bottom"> - </td> </tr> <tr> <td style="border-bottom:1px solid #000000;width:59%;vertical-align:bottom;background-color:#e6efff"> Effect of convertible loan </td> <td style="border-bottom:1px solid #000000;width:23%;vertical-align:bottom;background-color:#e6efff"> 6,128,917 </td> <td style="border-bottom:1px solid #000000;width:16%;vertical-align:bottom;background-color:#e6efff"> - </td> </tr> <tr> <td style="border-bottom:#000000 1px solid;width:59%;vertical-align:bottom"> Diluted weighted average common shares outstanding </td> <td style="border-bottom:#000000 1px solid;width:23%;vertical-align:bottom"> 366,447,402 </td> <td style="border-bottom:#000000 1px solid;width:16%;vertical-align:bottom"> 326,895,000 </td> </tr> </table> </div>

13259446

6128917

<div> 21. General and administrative expenses <div> <div> General and administrative expenses were comprised of the following for the years ending: <div> <div> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Management fees, salaries and wages</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">598,629</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">761,373</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Marketing</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">466,429</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">95,848</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Office, administration, and regulatory</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,061,063</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,409,627</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Professional fees, advisory, and consulting</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,005,562</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,163,987</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Travel</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">10,462</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">307,582</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">5,142,145</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">4,738,417</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div> </div> </div>

<div> <div> <table cellpadding="0" cellspacing="0" style="width:80%;font-size:10pt;border-collapse:collapse;border-color:#000000;margin-left:auto;margin-right:auto"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;border-top:0.75pt solid #000000;white-space:nowrap;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Management fees, salaries and wages</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">598,629</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">761,373</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Marketing</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">466,429</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">95,848</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Office, administration, and regulatory</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">2,061,063</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,409,627</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Professional fees, advisory, and consulting</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,005,562</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">2,163,987</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Travel</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">10,462</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">307,582</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">5,142,145</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">4,738,417</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div>

598629

761373

466429

95848

2061063

1409627

2005562

2163987

10462

307582

<div> <div style="text-align:justify">22. Finance expense  </div> <div style="text-align:justify;margin-left:22.5pt">Finance expense was comprised of the following for the years ending:  </div> <div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;width:80%;border-color:rgb(0, 0, 0);margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000">March 31, 2021</td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000">March 31, 2020</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Interest on convertible loan</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">769,946</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">-</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Interest on loans payable</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">207,678</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">331,036</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000;background-color:#e6efff">Interest on lease liabilities</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">236,600</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">87,852</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;border-bottom:0.75pt solid #000000">Total</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">1,214,224</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000">418,888</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000"> </td> </tr> </table> </div> </div>

1214224

418888

<div> <div style="text-align:justify">23. Financial Instruments and Risk Management  </div> <div style="text-align:justify;margin-left:21pt">The investments measured at fair value are classified into one of the three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values, with the designation based upon the lowest level of input that is significant to the fair value measurement. The three levels of the fair value hierarchy are:  </div> <div style="text-align:justify;margin-left:21pt">Level 1 Inputs: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.  </div> <div style="text-align:justify;margin-left:21pt">Level 2 Inputs: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices.  </div> <div style="text-align:justify;margin-left:21pt">Level 3 Inputs: Unobservable inputs for the asset or liability (Unobservable inputs reflect management's assumptions on how market participants would price the asset or liability based on the information available).  </div> <div style="text-align:justify;margin-left:21pt">Valuation of Assets that use Level 2 Inputs ("Level 2 Assets"). The fair value of Level 2 assets would use the quoted price from the exchanges which the Company most frequently uses, with no adjustment.  </div> <div style="text-align:justify;margin-left:21pt">The Company is exposed, in varying degrees, to a variety of financial related risks. The fair value of the Company's financial instruments, including cash, amounts receivable, investments, and accounts payable and accrued liabilities approximates their carrying value due to their short-term nature. The type of risk exposure and the way in which such exposure is managed is provided as follows:  </div> <div style="text-align:justify;margin-left:21pt">Credit risk  </div> <div style="text-align:justify;margin-left:21pt">Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss. The Company's primary exposure to credit risk is on its cash held in bank accounts as at March 31, 2021. The majority of cash is deposited in bank accounts held primarily with one major bank in Canada so there is a concentration of credit risk. This risk is managed by using a major bank that is a high credit quality financial institution as determined by rating agencies.</div> <div style="text-align:justify;margin-left:21pt"> </div> <div style="text-align:justify;margin-left:21pt">For the custody of its digital currencies, the Company uses the services of two financial institutions through custodial agreements, one financial institution located in Liechtenstein and another in the United States.  </div> <div style="text-align:justify;margin-left:21pt">Liquidity risk  </div> <div style="text-align:justify;margin-bottom:0pt;margin-left:21pt">Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company manages liquidity risk by maintaining cash balances to ensure that it is able to meet its short term and long-term obligations as and when they fall due. The Company manages company-wide cash projections centrally and regularly updates projections for changes in business and fluctuations cause in digital currency prices and exchange rates. </div> </div> <div> <div style="text-align:justify;margin-left:21pt"> </div> <div style="text-align:justify;margin-left:21pt">Foreign currency risk   </div> <div style="text-align:justify;margin-left:21pt">Currency risk relates to the risk that the fair values or future cash flows of the Company's financial instruments will fluctuate because of changes in foreign exchange rates. Exchange rate fluctuations affect the costs that the Company incurs in its operations as well as the currency in which the Company has historically raised capital.</div> <div style="text-align:justify;margin-left:21pt">The Company's presentation currency is the US dollar and major purchases are transacted in US dollars, while all financing equity to date has been completed in Canadian dollars. As the Company operates in an international environment, some of the Company's financial instruments and transactions are denominated in currencies other than an entity's functional currency. A portion of the Company's general and administrative costs are incurred mainly in currencies separate from each entity's functional currency, such as Swiss Francs, the Euro, the Swedish Krona, the Norwegian Krone, and Icelandic Krona. The fluctuation of these currencies in relation to the US dollar will consequently impact the profitability of the Company and may also affect the value of the Company's assets and liabilities and the amount of shareholders' equity.  </div> <div style="text-align:justify;margin-left:21pt">The Company's net monetary position in the significant foreign currencies as of March 31, 2021 is summarized below with the effect on comprehensive income of a 10% fluctuation of each currency relative to the functional currency of the entity holding it to the USD dollar:  </div>  <div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;width:80%;border-color:rgb(0, 0, 0);margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000">Net Monetary Position March 31, 2021 (USD$ equivalent)</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000">Impact of 10% variance in foreign exchange rate (in foreign currency)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">US Dollars</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">38,849,027</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,531,730</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;padding-left:5.4pt;padding-right:60pt">Canadian Dollars</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">321,373</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">23,204</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">Euros</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,433</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">259</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;padding-left:5.4pt;padding-right:60pt">Swiss Francs</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(69,278</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">6,677</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">Swedish Krona</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,443,606</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">25,456</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;padding-left:5.4pt;padding-right:60pt">Norwegian Krone</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(2,800,814</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">29,819</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">Icelandic Krona</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">684,920</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">493</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div> <div style="text-align:justify;margin-left:21pt">  Interest rate risk   </div> <div style="text-align:justify;margin-left:21pt">Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company's exposure to interest rate risk is limited and only relates to its ability to earn interest income on cash balances at variable rates. Changes in short term interest rates will not have a significant effect on the fair value of the Company's cash account.   </div> <div style="text-align:justify;margin-left:21pt">Price Risk   </div> <div style="text-align:justify;margin-left:21pt">Price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market prices, other than those arising from interest rate risk or foreign currency risk. The Company is not exposed to any significant price risks with respect to its financial instruments. </div> </div>

<div> <table cellpadding="0" cellspacing="0" style="font-size:10pt;width:80%;border-color:rgb(0, 0, 0);margin-left:auto;margin-right:auto"> <tr> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000">Net Monetary Position March 31, 2021 (USD$ equivalent)</td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:right;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000">Impact of 10% variance in foreign exchange rate (in foreign currency)</td> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">US Dollars</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">38,849,027</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">3,531,730</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;padding-left:5.4pt;padding-right:60pt">Canadian Dollars</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">321,373</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">23,204</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">Euros</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,433</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">259</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;padding-left:5.4pt;padding-right:60pt">Swiss Francs</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(69,278</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">6,677</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">Swedish Krona</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">2,443,606</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">25,456</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:right;padding-left:5.4pt;padding-right:60pt">Norwegian Krone</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(2,800,814</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">29,819</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;background-color:#e6efff;text-align:right;padding-left:5.4pt;padding-right:60pt">Icelandic Krona</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">684,920</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">493</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> </table> </div>

38849027 321373 2433 -69278 2443606 -2800814 684920 3531730 23204 259 6677 25456 29819 493 <div> 24. Digital Currency and Risk Management Digital currencies are measured using Level 2 inputs (Note 10). Digital currency prices are affected by various forces including global supply and demand, interest rates, exchange rates, inflation or deflation and the global political and economic conditions. The profitability of the Company is directly related to the current and future market price of coins; in addition, the Company may not be able liquidate its inventory of digital currency at its desired price if required. A decline in the market prices for coins could negatively impact the Company's future operations. The Company has not hedged the conversion of any of its coin sales or future mining of digital currencies. Digital currencies have a limited history and the fair value historically has been very volatile. Historical performance of digital currencies are not indicative of their future price performance. The Company's digital currencies currently consist of Ethereum, Ethereum Classic, and Bitcoin. The table below shows the impact of the 25% variance in the price of each of these digital currencies on the Company's earnings before tax, based on their closing prices at March 31, 2021. <div style="margin-left:91.5pt"> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">Impact of 25% variance in price</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Ethereum</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">9,608,671</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Ethereum Classic</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,286</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Bitcoin</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,749,386</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> </div> <table cellpadding="0" cellspacing="0" style="width:90%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap;border-top:0.75pt solid #000000">Impact of 25% variance in price</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Ethereum</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">9,608,671</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Ethereum Classic</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,286</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Bitcoin</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">4,749,386</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> 9608671 1286 4749386

<div> <div style="text-align:justify">25. Capital Management  </div> <div style="text-align:justify;margin-left:22.5pt">The Company manages its capital to maintain its ability to continue as a going concern and to provide returns to shareholders and benefits to other stakeholders. The capital structure of the Company consists of equity comprised of issued share capital and reserves.  </div> <div style="text-align:justify;margin-left:22.5pt">The Company manages its capital structure and makes adjustments to it in light of economic conditions. The Company, upon approval from its Board of Directors, will balance its overall capital structure through new share issues or by undertaking other activities as deemed appropriate under the specific circumstances.   </div> <div style="text-align:justify;margin-left:22.5pt">The Company is not subject to externally imposed capital requirements and the Company's overall strategy with respect to capital risk management remains unchanged from the year ended March 31, 2020.</div> </div>

<div> 26. Loss on Sale of Subsidiary On March 31, 2021, the Company completed the sale of the net assets of Boden Technologies AB: <div style="margin-left:22.5pt"> <div> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000;background-color:#e6efff">Consideration:</td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:18pt">Cash</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">10</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:18pt;background-color:#e6efff">Receivable1</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,821,454</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,821,464</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Less: Net assets derecognized</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(25,263,683</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Loss on disposal</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">(23,442,219</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%">)</td> </tr> </table> </div> </div> 1) Receivable is conditional upon ruling by the by the Swedish Tax Authority related to an ongoing value added tax process. If the ruling is favourable then the amounts will be received; otherwise the amounts will not be collectible. Management has assessed the collectibity using a probability model under a range of scenarios and this receivable reflects the results of that process. <div style="margin-left:34.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Assets</td> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Current assets</td> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Cash and equivalents</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">464,123</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Amounts receivable and prepaids</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">7,693,866</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">8,157,989</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt">Receivable from Bikupa</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Data centre equipment</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt">Deposits</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Investment in sublease</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Right of use asset</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Total assets</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">26,519,484</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Liabilities and equity</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Current liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Accounts payable and accrued liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,255,801</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Lease liability</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Total liabilities</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,255,801</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Net Assets</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">25,263,683</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table> </div> As part of the sale, the Company incurred a loan payable of $18,361,495 to Boden, of which $1,223,702 is current. The loan payble has an amortization term of 15 years under which annual principal and interest payments are required. Interest is set at the Swedish Government Borrowing Rate +1% . The loan payable is contingently forgiven based on a favourable ruling from the Swedish Tax Authority on the ongoing value tax assessment.  </div> <div> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;border-top:0.75pt solid #000000;background-color:#e6efff">Consideration:</td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;border-top:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:18pt">Cash</td> <td style="vertical-align:bottom;text-align:left;width:1%">$</td> <td style="vertical-align:bottom;text-align:right;width:12%">10</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:18pt;background-color:#e6efff">Receivable1</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,821,454</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">1,821,464</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Less: Net assets derecognized</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">(25,263,683</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff">)</td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Loss on disposal</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%">(23,442,219</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%">)</td> </tr> </table> </div>

-1821454

1821464

25263683 <table cellpadding="0" cellspacing="0" style="width:100%;font-size:10pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;white-space:nowrap">March 31, 2021</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Assets</td> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Current assets</td> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left"> </td> <td style="vertical-align:bottom;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Cash and equivalents</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">464,123</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Amounts receivable and prepaids</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">7,693,866</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">8,157,989</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt">Receivable from Bikupa</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">18,361,495</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Data centre equipment</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt">Deposits</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%">-</td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Investment in sublease</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:11.25pt">Right of use asset</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Total assets</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">26,519,484</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Liabilities and equity</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:2.25pt">Current liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:12%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:11.25pt;background-color:#e6efff">Accounts payable and accrued liabilities</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,255,801</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt">Lease liability</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Total liabilities</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">1,255,801</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:12%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;padding-left:2.25pt;background-color:#e6efff">Net Assets</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:right;width:12%;background-color:#e6efff">25,263,683</td> <td style="border-bottom:1.5pt solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> </table>

18361495

25263683

P15Y

Interest is set at the Swedish Government Borrowing Rate +1%

<div> 27. Segmented Information The Company operates in one segment, the mining and sale of digital currencies. External revenues are attributed by geographical location, based on the country from which services are provided. <div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:8pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;white-space:nowrap;text-align:center">March 31, 2021</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Canada</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Sweden</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Iceland</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td colspan="2" style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Switzerland</td> <td colspan="1" style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Norway</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Bermuda</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Total</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Income from digital currency mining</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">22,602,105</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">624,475</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">43,471,344</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">66,697,924</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td colspan="1" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;text-align:center">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Canada</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Sweden</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Iceland</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Switzerland</td> <td colspan="1" style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Norway</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="vertical-align:bottom;width:1%;text-align:center"> </td> <td style="vertical-align:bottom;width:8%;text-align:center"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Income from digital currency mining</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">24,869,473</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">4,350,370</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">29,219,843</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div>   </div> The Company's non-current tangible assets are located in the following jurisdictions: <div>   <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:8pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;white-space:nowrap;text-align:center">March 31, 2021</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Canada</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Sweden</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Iceland</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td colspan="2" style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Switzerland</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Norway</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Bermuda</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Total</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Data centre equipment</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">5,519,758</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">12,849,969</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">3,229,076</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">21,598,803</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt">ROU Asset</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">1,928,889</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">1,049,395</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">2,978,284</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">7,448,647</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">13,899,364</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">3,229,076</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">24,577,087</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:34.5pt;text-align:center"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td colspan="2" style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;text-align:center">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Canada</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Sweden</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Iceland</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:center">Switzerland</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Norway</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Data centre equipment</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">5,712,764</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">702,936</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">6,415,700</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt">ROU Asset</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">2,240,274</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">2,240,274</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">7,953,038</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">702,936</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">8,655,974</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div> </div>

<div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:8pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;white-space:nowrap;text-align:center">March 31, 2021</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Canada</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Sweden</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Iceland</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td colspan="2" style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Switzerland</td> <td colspan="1" style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Norway</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Bermuda</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Total</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Income from digital currency mining</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">22,602,105</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">624,475</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">43,471,344</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">66,697,924</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td colspan="1" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;text-align:center">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Canada</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Sweden</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Iceland</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Switzerland</td> <td colspan="1" style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Norway</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:1%;text-align:center"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:2%;text-align:center"> </td> <td style="vertical-align:bottom;width:1%;text-align:center"> </td> <td style="vertical-align:bottom;width:8%;text-align:center"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Income from digital currency mining</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">24,869,473</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">4,350,370</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">29,219,843</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div>   </div>

<div>   <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="width:100%;font-size:8pt;border-collapse:collapse;border-color:#000000"> <tr> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;white-space:nowrap;text-align:center">March 31, 2021</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Canada</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Sweden</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Iceland</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td colspan="2" style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Switzerland</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Norway</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Bermuda</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> </td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center">Total</td> <td style="border-top:1px solid #000000;border-bottom:1px solid #000000;vertical-align:bottom;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Data centre equipment</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">5,519,758</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">12,849,969</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">3,229,076</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">21,598,803</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt">ROU Asset</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">1,928,889</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">1,049,395</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">2,978,284</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">7,448,647</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">13,899,364</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">3,229,076</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">24,577,087</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:34.5pt;text-align:center"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td colspan="2" style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-left:34.5pt;text-align:center">March 31, 2020</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Canada</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Sweden</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Iceland</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td colspan="2" style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:center">Switzerland</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Norway</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;width:8%;text-align:center">Total</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="vertical-align:bottom;text-align:left;padding-left:1.5pt;background-color:#e6efff">Data centre equipment</td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">5,712,764</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">702,936</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">6,415,700</td> <td style="vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;padding-left:1.5pt">ROU Asset</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">2,240,274</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%">2,240,274</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> <tr> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">7,953,038</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">702,936</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">-</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:1%;background-color:#e6efff">$</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:right;width:8%;background-color:#e6efff">8,655,974</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;text-align:left;width:2%;background-color:#e6efff"> </td> <td style="vertical-align:bottom;text-align:left;width:1%"> </td> <td style="vertical-align:bottom;text-align:right;width:8%"> </td> <td style="vertical-align:bottom;text-align:left;width:2%"> </td> </tr> </table> </div> </div>

7448647

13899364

3229076

24577087

7953038

702936

8655974

<div> <div style="text-align:justify">28. Subsequent Events</div> <div style="text-align:justify"> </div> <div style="text-align:justify;margin-left:22.5pt">Acquisition of GPU Atlantic Inc.</div> <div style="text-align:justify;margin-left:22.5pt"> </div> <div style="text-align:justify;margin-left:22.5pt">On April 15, 2021, the Company completed the acquisition of 100% of the common shares of GPU Atlantic. In consideration for 100% of GPU Atlantic, the Company paid total consideration of 5,000,000 common shares on closing valued at a total of $18.7 million (C$23.7 million). 1,000,000 of the common shares were allocated to a holdback and to GPU One earn-out upon delivery of certain earn-out conditions.</div> <div style="text-align:justify;margin-left:22.5pt"> </div> <div style="text-align:justify;margin-left:22.5pt">GPU Atlantic has a 50-megawatt data centre campus located in New Brunswick, Canada.</div> <div style="text-align:justify;margin-left:22.5pt"> </div> <div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="font-size:10pt;width:100%;border-color:rgb(0, 0, 0)"> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Current assets</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">671,709</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Data centre equipment</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">12,898,994</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Land</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">662,910</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Buiding</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">4,576,290</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Sales taxes refunds</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">75,780</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Intangible assets</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">3,947,481</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Goodwill</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">10,469,997</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Accounts payable</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(3,198,591</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Long-term debt</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">(11,410,351</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Net Assets Acquired</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">18,694,219</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Consideration paid</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">18,694,219</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Total Consideration</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">18,694,219</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div> </div> <div style="text-align:justify;margin-left:22.5pt"> </div> <div style="text-align:justify;margin-left:22.5pt">The purchase price allocation for acquisitions reflects various fair value estimates which are subject to change within the measurement period. The primary areas of purchase price allocation that are subject to change relate to the fair values of certain tangible assets, the valuation of intangible assets acquired, and residual goodwill. Measurement period adjustments that the Company determines to be material will be applied retrospectively to the period of acquisition in the Company's consolidated financial statements and, depending on the nature of the adjustments, other periods subsequent to the period of acquisition could also be affected. The Company expects to finalize the accounting for the acquisition by March 31, 2022. </div> <div style="text-align:justify;margin-left:22.5pt"> </div> </div> <div> <div style="text-align:justify;margin-left:18pt">Sale of Noregian Subsidiary Kolos</div> <div style="text-align:justify;margin-left:18pt"> </div> <div style="text-align:justify;margin-left:18pt">On May 10, 2021, the Company has sold its Norwegian subsidiary Kolos to the local municipality Narvik under a share purchase agreement. Under the agreement the Company transferred all of the shares of Kolos to the municipality of Narvik, along with a $200,000 payment. </div> <div style="text-align:justify;margin-left:18pt"> </div> <div style="text-align:justify;margin-left:18pt">Investment in DeFi</div> <div style="text-align:justify;margin-left:18pt"> </div> <div style="text-align:justify;margin-left:18pt">On April 21, 2021, the Company completed a share swap transaction with DeFi Technologies Inc. (“DeFi Technologies”), pursuant to which HIVE received 10,000,000 common shares of DeFi Technologies, in exchange for 4,000,000 common shares of the Company, valued at C$16 million.</div> </div>

1000000

<div> <div style="margin-left:22.5pt"> <table cellpadding="0" cellspacing="0" style="font-size:10pt;width:100%;border-color:rgb(0, 0, 0)"> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt"> </td> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000"> </td> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;border-top:0.75pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Current assets</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">671,709</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Data centre equipment</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">12,898,994</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Land</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">662,910</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Buiding</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">4,576,290</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Sales taxes refunds</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">75,780</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Intangible assets</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">3,947,481</td> <td style="vertical-align:bottom;width:2%;text-align:left"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Goodwill</td> <td style="vertical-align:bottom;width:1%;text-align:left;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;background-color:#e6efff">10,469,997</td> <td style="vertical-align:bottom;width:2%;text-align:left;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;padding-left:5.4pt;padding-right:5.4pt">Accounts payable</td> <td style="vertical-align:bottom;width:1%;text-align:left"> </td> <td style="vertical-align:bottom;width:12%;text-align:right">(3,198,591</td> <td style="vertical-align:bottom;width:2%;text-align:left">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Long-term debt</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">(11,410,351</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff">)</td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Net Assets Acquired</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">18,694,219</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;padding-left:5.4pt;padding-right:5.4pt;background-color:#e6efff">Consideration paid</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:0.75pt solid #000000;background-color:#e6efff">18,694,219</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:0.75pt solid #000000;background-color:#e6efff"> </td> </tr> <tr> <td style="vertical-align:bottom;border-bottom:1.5pt solid #000000;padding-left:5.4pt;padding-right:5.4pt">Total Consideration</td> <td style="vertical-align:bottom;width:1%;text-align:left;border-bottom:1.5pt solid #000000">$</td> <td style="vertical-align:bottom;width:12%;text-align:right;border-bottom:1.5pt solid #000000">18,694,219</td> <td style="vertical-align:bottom;width:2%;text-align:left;border-bottom:1.5pt solid #000000"> </td> </tr> </table> </div> </div>

662910 4576290 75780

10469997

200000 10000000 4000000

16000000