HIVE Digital Technologies Ltd.
For the period ended Mar 31, 2024. Filed Jun 24, 2024.
View on SEC.govAbout this filing
The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Jun 24, 2024
Use the contents to explore the available documents and sections.
Contents
EX-99.2 · 16. Commitments and Contingencies
16. Commitments and Contingencies
(a) Service agreements
The Company has a service agreements with unrelated third parties to operate and maintain the Company's data center computing equipment for the purpose of mining crypto currency in Canada, Sweden and Iceland. 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 entered into a supplemental power pricing arrangement that provides a fixed price of electricity consumption each month at the Company's Bikupa Datacenter AB and Bikupa Datacenter 2 AB location in Sweden. The fixed price agreement was assessed and is being accounted for as an executory contract; electricity costs are expensed as incurred.
(c) Obligations on mining equipment
The Company had purchase commitments of $5.8 million at the year ended March 31, 2024 (March 31, 2023 - $8.9 million).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.