|
FY2025
12 months to Dec 31, 2025
|
|
|---|---|
| Cash Flows from Operating Activities: | |
| Net (loss) income | |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | |
| Depreciation | |
| Inventories provision and write-off | |
| Impairment of property and equipment | |
| Provision for expected credit losses | |
| Write-down of prepaid expenses | |
| Change in fair value of cryptocurrencies | |
| Cryptocurrencies mined | |
| Loss from disposal of property and equipment | |
| Share-based compensation | |
| Employee compensation settled by cryptocurrencies | |
| Expenses settled by cryptocurrencies | |
| Cryptocurrencies paid to mining pool participants | |
| Cryptocurrencies received from mining machine revenue | |
| Cryptocurrencies received from hosting revenue | |
| Realized loss on future contracts | |
| Rewards earned from crypto short-term investments (right to receive cryptocurrencies) | |
| Non-cash operating leases expense | |
| Deferred income tax expense (recovery) | |
| Changes in operating assets and liabilities | |
| Inventories | |
| Prepaid expenses and other assets | |
| Other receivables | |
| Accounts payable and accrued liabilities | |
| Contract liabilities | |
| Taxes payable | |
| Other payables | |
| Operating lease liabilities | |
| Due to related party | |
| Net cash used in operating activities | |
| Cash Flows from Investing Activities: | |
| Proceeds from disposal of property and equipment | |
| Purchase of property and equipment | |
| Proceeds received from sale of cryptocurrencies | |
| Net cash provided by investing activities | |
| Cash Flows from Financing Activities: | |
| Dividend paid | |
| Proceeds from initial public offering, net of issuance cost | |
| Proceeds from share issuance | |
| Net cash provided by (used in) financing activities | |
| Net (decrease) increase in cash and cash equivalents | |
| Cash and cash equivalents, beginning of year | |
| Cash and cash equivalents, end of year | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: | |
| Income taxes paid | |
| Cryptocurrencies invested in short-term investments and future contracts | |
| Redemption of cryptocurrency short-term investments and future contracts | |
| Cryptocurrencies used to pay dividends | |
| Cryptocurrencies received from loan lent to related parties | |
| Cryptocurrencies lent to third party | |
| Cryptocurrencies received from repayment of cryptocurrency loan to third party | |
| Deferred offering costs recognized against the proceeds from the offering | |
| Property and equipment transferred from inventory |
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