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
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Contents
EX-99.2 · Derivative Component
Derivative Component
| Balance, March 31, 2022 | $4,986 |
|---|---|
| Change in fair value of liability | (4,504) |
| Balance, March 31, 2023 | 482 |
| Change in fair value of liability | (362) |
| Balance, March 31, 2024 | $120 |
The derivative component is re-valued each reporting period. As at March 31, 2024, the derivative component was revalued at $0.1 million (2023 - $0.5 million) using the Black-Scholes option pricing model with the following assumptions: share price of C$4.56 (2023 - C$4.46) an expected weighted average risk-free interest rate of 4.5% (2023 -3.71%); an expected weighted average volatility of 79% (2023 -97%); and an expected weighted average life of 1.1 years (2023 -1.61 years). Accordingly, the Company recorded a change in the fair value of the derivative liability of $0.4 million (2023 - $4.5 million).
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