Bitfarms (BITF) 40-F 28 Mar 22 2021 FY Annual report (Canada) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2021shares
Document Information Line Items
Entity Registrant Name	BITFARMS LTD
Trading Symbol	BITF
Document Type	40-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	194,805,893
Amendment Flag	false
Entity Central Index Key	0001812477
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Entity File Number	001-40370
Entity Incorporation, State or Country Code	Z4
Entity Primary SIC Number	7379
Entity Address, Address Line One	18 King Street East
Entity Address, Address Line Two	Suite 902
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Postal Zip Code	M5C 1C4
Auditor Location	Canada
City Area Code	(647)
Local Phone Number	259-1790
Title of 12(b) Security	Common Shares
Security Exchange Name	NASDAQ
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Interactive Data Current	Yes
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	271
Business Contact
Document Information Line Items
Entity Address, Address Line One	122 E.
Entity Address, Address Line Two	42nd Street, 18th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10168
City Area Code	(800)
Local Phone Number	221-0102
Contact Personnel Name	Cogency Global Inc.

Consolidated Statements of Fina

Consolidated Statements of Financial Position $ in Thousands, $ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
CURRENT ASSETS:
Cash	$ 125,595	$ 5,947
Trade receivables	1,038	1,103
Other assets	6,427	669
Digital assets	66,031
Digital assets - pledged as collateral	86,825
Embedded derivative		1,449
Assets held for sale	1,211
TOTAL CURRENT ASSETS	287,127	9,168
NON-CURRENT ASSETS:
Property, plant and equipment	136,850	35,793
Right-of-use assets	9,397	5,393
Long-term deposits, equipment prepayments and other	86,681	973
Intangible assets	1,681	377
Goodwill	16,955
Deferred tax asset	3,896
TOTAL NON-CURRENT ASSETS	255,460	42,536
TOTAL ASSETS	542,587	51,704
CURRENT LIABILITIES:
Trade payables and accrued liabilities	14,480	2,696
Current portion of long-term debt	10,257	17,171
Current portion of lease liabilities	4,346	3,626
Credit facility	60,002
Taxes payable	12,093	316
Warrant liability		4,668
TOTAL CURRENT LIABILITIES	101,178	28,477
NON-CURRENT LIABILITIES:
Long-term debt	910	174
Lease liabilities	9,227	7,397
Asset retirement provision	239	209
Deferred tax liability	8,451
TOTAL NON-CURRENT LIABILITIES	18,827	7,780
TOTAL LIABILITIES	120,005	36,257
EQUITY:
Share capital	378,893	32,004
Contributed surplus	43,704	5,588
Accumulated deficit	(15)	(22,145)
TOTAL EQUITY	422,582	15,447
TOTAL LIABILITIES & EQUITY	$ 542,587	$ 51,704

Consolidated Statements of Prof

Consolidated Statements of Profit or Loss and Comprehensive Profit or Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Revenues	$ 169,491	$ 34,703
Cost of sales	58,371	31,830
Gross profit	111,120	2,873
General and administrative expenses	43,238	8,250
Loss (gain) on disposition of digital assets	289	(88)
Loss on revaluation of digital assets	4,861
Loss (gain) on disposition of property, plant and equipment	(848)	1,442
Impairment on property, plant and equipment	1,800
Impairment reversal on property, plant and equipment	(1,860)
Operating income (loss)	63,640	(6,731)
Net financial expenses	21,003	9,386
Net income (loss) before income taxes	42,637	(16,117)
Income tax expense	20,507	172
Net income (loss) and total comprehensive income (loss)	$ 22,130	$ (16,289)
Net income (loss) per share (in U.S. dollars):
Basic earnings (loss) per share (in Dollars per share)	$ 0.14	$ (0.19)
Basic weighted average number of shares (in Shares)	157,651,571	84,915,250
Diluted earnings (loss) per share (in Dollars per share)	$ 0.13	$ (0.19)
Diluted weighted average number of shares for the purpose of calculating diluted earnings per share (in Shares)	169,392,265	84,915,250

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Quantity of shares	Share capital	Contributed surplus	Accumulated deficit	Total
Balance at Dec. 31, 2019		$ 30,475	$ 3,469	$ (5,856)	$ 28,088
Balance (in Shares) at Dec. 31, 2019	83,620,630
Balance at Dec. 31, 2020		32,004	5,588	(22,145)	15,447
Balance (in Shares) at Dec. 31, 2020	88,939,359
Net income (loss) and total comprehensive income (loss)				(16,289)	(16,289)
Share-based payment (Note 24)		192	2,009		2,201
Share-based payment (Note 24) (in Shares)	600,000
Issuance of common shares and warrants (Note 18)		131			131
Issuance of common shares and warrants (Note 18) (in Shares)	1,004,350
Conversion of long-term debt (Note 14)			110		110
Reclassification of warrants from equity to liability and share issuance in partial settlement of warrant liability		(791)			(791)
Reclassification of warrants from equity to liability and share issuance in partial settlement of warrant liability (in Shares)	500,000
Exercise of warrants and stock options (Note 18)		1,997			1,997
Exercise of warrants and stock options (Note 18) (in Shares)	3,214,379
Balance at Dec. 31, 2021		378,893	43,704	(15)	422,582
Balance (in Shares) at Dec. 31, 2021	194,805,893
Net income (loss) and total comprehensive income (loss)				22,130	22,130
Share-based payment (Note 24)			22,585		22,585
Issuance of common shares and warrants (Note 18)		229,712	30,228		259,940
Issuance of common shares and warrants (Note 18) (in Shares)	64,526,328
Conversion of long-term debt (Note 14)		5,110	(110)		5,000
Conversion of long-term debt (Note 14) (in Shares)	8,474,577
Deferred tax recovery related to equity issuance costs (Note 16)		4,287			4,287
Exercise of warrants and stock options (Note 18)		$ 107,780	$ (14,587)		$ 93,193
Exercise of warrants and stock options (Note 18) (in Shares)	32,865,629

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from (used in) operating activities:
Net income (loss)	$ 22,130	$ (16,289)
Adjustments for:
Depreciation and amortization	24,476	11,486
Impairment on property, plant and equipment	1,800
Impairment reversal on property, plant and equipment	(1,860)
Net financial expenses	21,003	9,386
Digital assets mined	(164,393)
Digital assets liquidated	6,387
Loss on disposition of digital assets	289
Loss on revaluation of digital assets	4,861
Share-based payment	22,585	2,201
Interest and financial expenses paid	(3,981)	(4,246)
Deferred taxes	8,842
Gain on disposition of marketable securities	6,149
Loss (gain) on disposition of property, plant and equipment	(848)	1,442
Changes in non-cash working capital components	15,390	3,243
Net change in cash related to operating activities	(37,170)	7,223
Cash flows used in investing activities:
Purchase of property, plant and equipment and intangible assets	(108,161)	(4,453)
Proceeds from sale of property, plant and equipment	1,109	879
Acquisition through business combination	(23,000)
Equipment prepayments and other	(85,095)	(31)
Net change in cash related to investing activities	(215,147)	(3,605)
Cash flows from financing activities:
Issuance of common shares and warrants	259,174	54
Exercise of warrants and stock options	63,317	1,997
Repayment of lease liabilities	(4,233)	(1,462)
Repayment of long-term debt	(20,499)	(488)
Proceeds from long-term debt	14,227	84
Proceeds from credit facility	60,000
Net change in cash related to financing activities	371,986	185
Exchange rate differences on currency translation	(21)	(15)
Net change in cash	119,648	3,788
Cash at the beginning of the year	5,947	2,159
Cash at the end of the year	$ 125,595	$ 5,947

Reporting Entity and Liquidity

Reporting Entity and Liquidity	12 Months Ended
	Dec. 31, 2021
Disclosure of Reporting Entity Basis Of Presentation And Liquidity [Abstract]
REPORTING ENTITY AND LIQUIDITY	NOTE 1: REPORTING ENTITY AND LIQUIDITY a. Bitfarms was incorporated under the Canada Business Corporation Act on October 11, 2018. The consolidated financial statements of the corporation comprise the accounts of Bitfarms Ltd. and its wholly owned subsidiaries (together referred to as the “Company” or “Bitfarms”). The activities of the Company mainly consist of cryptocurrency mining and are divided into multiple jurisdictions described in Note 26 “Geographical Information”. The Company’s operations are predominantly in Canada and the United States, with new operations having commenced in Paraguay in 2022 and construction of a new facility having commenced in Argentina. b. Bitfarms is primarily engaged in the cryptocurrency mining industry, a highly volatile market with significant inherent risk. A significant decline in the market prices of cryptocurrencies, an increase in the difficulty of cryptocurrency mining, changes in the regulatory environment and adverse changes in other inherent risks can significantly and negatively impact the Company’s operations and its ability to maintain sufficient liquidity to meet its commitments and minimum collateral requirements for its revolving credit facility, as described in Note 11 and Note 13, respectively. In addition, adverse changes to the factors mentioned above may impact the recoverability of the Company’s digital assets and property, plant and equipment, resulting in impairment charges being recorded. 9159-9290 Quebec Inc. (“Volta”), a wholly owned subsidiary, assists the Company in building and maintaining its server farms and provides electrician services to both commercial and residential customers in Quebec. The common shares of the Company are listed under the trading symbol BITF on Nasdaq and on the TSX Venture Exchange. c. In March 2020, the World Health Organization declared COVID-19 a pandemic. The potential impacts that COVID-19 may have on the Company includes increases in cryptocurrency price volatility and delays in receiving future orders of mining hardware and construction materials required to achieve the Company’s growth objectives. The Company has been, and is expected to continue to be, operating throughout the pandemic. No significant impact of COVID-19 has been observed on the Company’s existing operations for the year ended December 31, 2021; however; the Company has observed longer than usual lead times and greater price fluctuations than usual in procuring mining equipment and construction materials required for the Company’s growth objectives. It is not possible to reliably estimate the length and severity of these developments as well as their impact on the financial results and position of the Company and its operating subsidiaries in future periods. d. In these financial statements, the following terms shall have the following definitions: 1 Backbone Backbone Hosting Solutions Inc. 2 Volta 9159-9290 Quebec Inc. 3 Backbone Argentina Backbone Hosting Solutions SAU 4 Backbone Paraguay Ankara Suites S.A 5 Backbone Mining Backbone Mining Solutions LLC 6 BTC Bitcoin 7 BVVE Blockchain Verification and Validation Equipment (including miners) 8 CAD Canadian Dollars 9 ARS Argentine Pesos

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Disclosure of Significant Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in the financial statements for all periods presented unless otherwise stated. a. Basis of presentation of the financial statements: The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB) (IFRS). The consolidated financial statements have been prepared on a cost basis, except for derivative financial instruments and digital assets that have been measured at fair value. The consolidated financial statements are presented in U.S. dollars and all values are rounded to the nearest thousand, except where otherwise indicated. The Company has elected to present the profit or loss items using the function of expense method. b. The operating cycle: The Company’s activities have a one year operating cycle. Accordingly, the assets and liabilities are classified in the statement of financial position as current assets and liabilities based on the Company’s operating cycle. The operating cycle of the Company is to mine digital assets and then routinely deposit them into custody, or convert them to fiat currency as needed. c. Consolidated financial statements: These financial statements consolidate the Company’s subsidiaries from the date of acquisition until the date that control is lost. The subsidiaries are controlled by the Company, where control is achieved when the Company is exposed to or has the right to variable returns from its involvement with the investee and has the current ability to direct the activities of the investee that significantly affect the investee’s returns. The financial statements of the Company and its subsidiaries are prepared as of the same dates and periods. The consolidated financial statements are prepared using uniform accounting policies by all subsidiaries of the Company. Significant intercompany balances and transactions and gains or losses resulting from intercompany transactions are eliminated in full in the consolidated financial statements. d. Business combinations Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date at fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in general and administrative expenses. The Company determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Company’s cash-generating units (CGUs) or group of CGUs that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. e. Function currency and presentation currency: 1. Functional currency and presentation currency: The financial statements are presented in U.S. Dollars, which is the functional currency of the parent company, as well as the functional currency of Backbone, Backbone Argentina, Backbone Paraguay and Backbone Mining. The functional currency is the currency that best reflects the economic environment in which the Company operates and conducts its transactions. The functional currency of Volta, a Canadian subsidiary, is the Canadian dollar. The Company determines the functional currency of each subsidiary. Volta has a Canadian functional currency, and, as such, assets and liabilities are translated using the exchange rate in effect at each reporting date. Revenues and expenses are translated using the average exchange rates in effect for all periods presented. The resulting translation differences are included in other comprehensive income. The translation differences on foreign currency translation of Volta was immaterial for the years ended December 31, 2021 and December 31, 2020. 2. Transactions, assets and liabilities in foreign currency: Transactions in foreign currency are initially recorded at the exchange rate in effect on the transaction date. Monetary assets and liabilities in foreign currency are subsequently translated into the functional currency at the exchange rate in effect at each reporting date. Exchange rate differences, other than those capitalized to qualifying assets or carried to equity in hedging transactions, are included in profit or loss. Non-monetary assets and liabilities in foreign currency stated at cost are translated at the exchange rate in effect at the transaction date. Non-monetary assets and liabilities in foreign currency carried at fair value are translated at the exchange rate at the date on which the fair value was determined. f. Revenue recognition: Revenue from contracts with customers is recognized when control over the goods or services is transferred to the customer. The transaction price is the amount of the consideration that is expected to be received based on the contract terms, excluding amounts collected on behalf of third parties (such as taxes). The following are the specific revenue recognition criteria which must be met before revenue is recognized: 1. Revenues from cryptocurrency mining: The Company has entered into contracts with mining pools and has undertaken the performance obligation of providing computing power to the mining pool in exchange for non-cash consideration in the form of cryptocurrency. The Company measures the non-cash consideration received at the fair market value of the cryptocurrency received. Management estimates fair value on a daily basis as the quantity of cryptocurrency received multiplied by the price quoted on www.coinmarketcap.com (“Coinmarketcap”) on the day it was received. Management considers the prices quoted on Coinmarketcap to be a level 2 input under IFRS 13 Fair Value Measurement. Any difference between the fair value of cryptocurrency recorded upon receipt from mining activities and the actual realized price upon disposal are recorded as a gain or loss on disposition of cryptocurrency. Cryptocurrency on hand at the end of a reporting period, if any, is classified as digital assets, and is accounted for under IAS 38 Intangible Assets, as an intangible asset with an indefinite useful life initially measured at cost, deemed to be the fair value upon receipt as described above, and subsequently measured under the revaluation model. Under the revaluation model, increases in the cryptocurrency’s carrying amount is recognized in other comprehensive income and under accumulated other comprehensive income in equity. However, increases are recognized in profit or loss to the extent that it reverses a revaluation decrease of cryptocurrency previously recognized in profit or loss. The fair value of cryptocurrency on hand at the end of the reporting period is calculated as the quantity of cryptocurrency on hand multiplied by price quoted on Coinmarketcap as at the reporting date. The Company reports cryptocurrency on hand at the end of the reporting period as digital assets, which are classified as current assets as management has determined that the cryptocurrency on hand at the end of the reporting period have markets with sufficient liquidity to allow conversion within the Company’s normal operating cycle. The Company presents cryptocurrency pledged as collateral separate from unencumbered cryptocurrency. 2. Revenues from hosting cryptocurrency mining equipment: The Company has entered into hosting contracts where it operates mining equipment on behalf of third parties within its facilities. Revenue from hosting contracts is measured as the Company meets its obligation of operating the hosted equipment over time. These contracts have been terminated as of December 31, 2021. 3. Revenue from electrical services: The Company, through Volta, sells electrical components and provides electrician installation for those components as well as repair and maintenance services. Revenues from providing services are recognized according to the stage of completion of the transaction as at the balance sheet date. The stage of completion is estimated based on the costs incurred for the transaction compared to the estimated cost of completion for the project. According to this method, revenues are recognized in the reporting period in which the services are provided. In the event that the outcome of the contract cannot be measured reliably, the revenues are recognized to the extent of the recoverable expenses incurred. Any amounts received in advance for future services to be provided are recorded as deferred revenues (contract liability), grouped with trade payables and accrued liabilities, and recognized as revenue in profit or loss when the services are rendered. g. Income tax: The income tax expense for the year comprises current and deferred taxes. These taxes are recognized in profit or loss, except to the extent that they relate to items which are recognized in other comprehensive income or loss or directly in shareholders’ equity. 1. Current taxes: The current tax liability is measured using the tax rates and tax laws that have been enacted or substantively enacted by the reporting date as well as adjustments required in connection with tax liabilities in respect of previous years. 2. Deferred taxes: Deferred taxes are computed in respect of temporary differences between the carrying amounts in the financial statements and the amounts attributed for tax purposes. Deferred taxes are measured at the tax rate that is expected to apply when the asset is realized, or the liability is settled, based on tax laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is not probable that they will be utilized. Deductible carryforward losses and temporary differences for which deferred tax assets had not been recognized are reviewed at each reporting date and a respective deferred tax asset is recognized to the extent that their utilization is probable. Taxes that would apply in the event of the disposal of investments in investees have not been taken into account in computing deferred taxes as long as the disposal of the investments in investees is not probable in the foreseeable future. h. Leases: The accounting policy for leases is applied as follows: The Company assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Company as a lessee: The Company applies a single recognition and measurement approach for all leases except for short-term leases and leases of low-value assets. The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 1. Right-of-use assets: The Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated over the shorter of the lease term and the estimated useful lives of the assets, as follows: Asset Class Depreciation Method Depreciation period Leased premises Straight-line 4-10 years Vehicles and other Straight-line 3-5 years BVVE and Electrical components Sum of years 5 years If ownership of the leased asset transfers to the Company at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset and is classified with property plant and equipment. Refer to the accounting policies in section j Property, plant and equipment. The right-of-use assets are also subject to impairment. Refer to the accounting policies in section l, Impairment of non-financial assets. 2. Lease liabilities: At the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating the lease if the lease term reflects the Company exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. 3. Short-term leases and leases of low value assets: The Company applies the short-term lease recognition exemption to its short-term leases of machinery, equipment and farming facilities (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). The Company also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognized as expense on a straight-line basis over the lease term. i. Assets held for sale: Non-currents assets or a disposal group are classified as held for sale if their carrying amount is expected to be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the assets must be available for immediate sale in their present condition, the Company must be committed to their sale, there must be a program to locate a buyer, and it is highly probable that a sale will be completed within one year from the date of classification. From the date of such initial classification, these assets are no longer depreciated and are presented separately as current assets at the lower of their carrying amount and fair value less costs to sell. Other comprehensive income (loss) in respect to a non-current asset or a group of non-current assets that is classified as held for sale is presented separately in equity. When an entity no longer plans to sell an asset in a sale transaction, it ceases the classification of the asset as held for sale and measures it at the lower of its carrying amount had it not been classified as held for sale or the recoverable amount of the asset on the date of the decision not to sell the asset. j. Property, plant and equipment: Property, plant and equipment are carried at cost, including directly attributable costs, less accumulated depreciation, accumulated impairment losses and any related investment grants, and excluding day-to-day servicing expenses. Cost includes spare parts and auxiliary equipment that are used in connection with plant and equipment. The cost of an item of property, plant and equipment comprises the initial estimate of the costs of dismantling and removing the item and restoring the site on which the item is located. Property, plant and equipment are depreciated as follows: Blockchain validation and verification equipment (“BVVE”) — Sum of years, declining over 5 years Mineral assets * — Units of production method Electrical equipment — Sum of years, declining over 5 years Leasehold improvements — See below Buildings — Declining balance, 4% Vehicles — Declining balance, 30% * Since the acquisition of mineral assets in 2018, there has been no production. Leasehold improvements are depreciated on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement. The useful life, depreciation method and residual value of an asset are reviewed at least each year-end and any changes are accounted for prospectively as a change in accounting estimate. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale and the date that the asset is derecognized. The sum of years depreciation method is calculated as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Rate 5/15 4/15 3/15 2/15 1/15 Percentage 33.33% 26.67% 20.00% 13.33% 6.67% k. Intangible assets: Intangible assets acquired separately are initially measured at cost plus direct acquisition costs. Intangible assets acquired in business combinations are measured at their fair value as at the acquisition date. Intangible assets with a finite useful life are amortized over their useful lives using the sum of years method and are reviewed for impairment whenever there is an indication that the asset may be impaired. The amortization period and the amortization method for an intangible asset are reviewed at least at each year end. Intangible assets consist of acquired software and a below market lease acquired in a business combination used in the Company’s cryptocurrency mining operations. Intangible assets are amortized as follows: Computer software — Sum of years, declining over 5 years Favourable lease — See below Software: The Company’s assets include computer systems comprised of hardware and software. Certain hardware comes pre-installed with firmware. Without this firmware, the hardware could not function and therefore both the hardware and firmware are classified within property plant and equipment. In contrast, stand-alone software that adds functionality to the hardware is classified as an intangible asset. The sum of years depreciation method for computer software is calculated as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Rate 5/15 4/15 3/15 2/15 1/15 Percentage 33.33% 26.67% 20.00% 13.33% 6.67% Favourable lease: The favourable lease acquired during the business acquisition described in Note 4 is depreciated on a straight-line basis over the the lease term. l. Impairment of non-financial assets: The Company evaluates the need to record an impairment of non-financial assets whenever events or changes in circumstances indicate that the carrying amount is not recoverable. If the carrying amount of non-financial assets exceeds their recoverable amount, the assets are reduced to their recoverable amount. The recoverable amount is the higher of fair value less costs of sale and value in use. In measuring value in use, the expected future cash flows are discounted using a pre-tax discount rate that reflects the risks specific to the asset. The recoverable amount of an asset that does not generate independent cash flows is determined for the CGU to which the asset belongs. Impairment losses are recognized in profit or loss. An impairment loss of an asset, other than goodwill, is reversed only if there have been changes in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. Reversal of an impairment loss, as above, shall not be increased above the lower of the carrying amount that would have been determined (net of depreciation or amortization) had no impairment loss been recognized for the asset in prior years and its recoverable amount. The reversal of impairment loss of an asset presented at cost is recognized in profit or loss. m. Financial instruments: 1. Financial assets: Initial recognition and measurement: Financial assets are initially measured at fair value plus transaction costs that can be directly attributed to the acquisition of the financial asset, except in the case of a financial asset measured at fair value through profit or loss in respect of which transaction costs are charged to profit or loss. Subsequent measurement: Financial assets at amortized cost are subsequently measured using the effective interest rate (EIR) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. The Company’s financial assets at amortized cost includes trade receivables and certain items included in other assets. Net changes in financial assets measured at fair value are recognized in the statement of profit or loss. A derivative embedded in a hybrid contract, with a financial liability or non-financial host, is separated from the host and accounted for as a separate derivative if: the economic characteristics and risks are not closely related to the host; a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative; and the hybrid contract is not measured at fair value through profit or loss. Embedded derivatives are measured at fair value with changes in fair value recognized in profit or loss. This category includes the embedded derivative arising from the repayment terms of the Dominion loan described in Note 14. Reassessment only occurs if there is either a change in the terms of the contract that significantly modifies the cash flows that would otherwise be required or a reclassification of a financial asset out of the fair value through profit or loss category. Impairment: The Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Company expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. For trade receivables and contract assets, the Company applies a simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Company has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. 2. Financial liabilities: Initial recognition and measurement: Financial liabilities are classified at initial recognition at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Company’s financial liabilities include trade payables and accrued liabilities, credit facility and long-term debt. Subsequent measurement: Financial liabilities are either measured at fair value through profit or loss or at amortized cost. Financial liabilities at fair value through profit or loss included a warrant liability, subject to the amendment of the warrant terms as described in Note 14 and the warrants issued in the private placements described in Note 18. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the effective interest rate (EIR) method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as financial expenses in the statement of profit or loss. This category generally applies to interest-bearing loans and borrowings. 3. Derecognition of financial assets: Financial assets are derecognized when the contractual rights to receive the cash flows from the financial asset expire, or when the Company transfers the contractual rights to receive the cash flows from the financial asset or assumes an obligation to pay the cash flows received in full to a third party without significant delay. 4. Derecognition of financial liabilities: Financial liabilities are derecognized when and only when they are extinguished - that is, when the obligation defined in the contract is fulfilled, cancelled or expires. A financial liability is fulfilled when the debtor repays the liability by paying cash; providing other financial assets, goods or services, or is otherwise legally released from the liability. n. Fair value measurement: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurement is based on the assumption that the transaction will take place in the asset’s or the liability’s principal market, or in the absence of a principal market, in the most advantageous market. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Fair value measurement of non-financial assets takes into account the ability of a market participant to derive economic benefits from the asset through its best use, or by selling it to another market participant capable of using the asset to its best use. Assets and liabilities measured at fair value, or whose fair value is disclosed are classified into categories within the fair value hierarchy, based on the lowest level input that is significant to the overall fair value measurement: Level 1 — Unadjusted quoted prices in an active market of identical assets and liabilities Level 2 — Non-quoted prices included in Level 1 that are either directly or indirectly observable Level 3 — Data that is not based on observable market information, such as valuation techniques without the use of observable market data o. Provisions: Under IAS 37, provisions represent liabilities to the Company for which the amount or timing is uncertain. Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligations and the amounts can be reliably estimated. When the Company expects that part or all of the expense will be refunded, such as an insurance claim, the refund will be recognized as a separate asset only on the date when there is certainty of receiving the asset. The expense will be recognized in the statement of profit or loss net of the expected refund. Asset retirement provisions: These provisions relate to Backbone’s legal obligation, in relation to its leased properties, to restore the properties to their original condition at the end of the lease period. The provisions are calculated at the present value of the expected costs to settle the obligations using estimated future cash flows discounted at a rate that reflects the risks specific to the obligations. Changes in the estimated future costs, or in the discount rate applied, are recorded as an adjustment of the cost of the related asset. Lawsuits: A provision for legal claims against the Company is recorded when the Company has a present legal or constructive obligation as a result of past events, and that is more likely than not to be settled with an outflow of economic resources that can be measured reliably. p. Shared-based transactions: Certain employees of the Company are entitled to benefits by way of share-based payment settled with equity instruments. Transactions settled with equity instruments: The cost of employee services paid in equity instruments is measured at the fair value of the equity instruments as at the grant date. The fair value is determined using a generally accepted option pricing model. Equity settled transactions with other services providers is measured at the fair value of the goods or services received in return for the equity instruments. The cost of equity-settled transactions is recognized in profit or loss together with a corresponding increase in contributed surplus during the period which the performance and/or service conditions are to be satisfied and ending on the date on which the relevant employees become entitled to the award (“the vesting period”). The cumulative expense recognized for equity-settled transactions at the end of each reporting period until the vesting date reflects the extent to which the vesting period has expired and management’s best estimate of the number of equity instruments that will ultimately vest. Expenses related to grants that do not vest are not recognized, except for grants whose vesting is contingent on market conditions that are treated as vested regardless of these conditions, assuming all other vesting conditions (service and/or performance) were met. When the Company modifies the terms of equity-settled transactions, an additional expense is recognized, calculated as the increase in the fair value of the compensation granted in excess of the original expense, on the date of the modification. Cancellation of equity settlement that has not vested is treated as if it had vested on the date of cancellation, with the unrecognized expense recognized immediately. However, if the cancellation is subsequently replaced by a new agreement and is designated as an alternative settlement, then it is treated as a modification of the original agreement as described above. q. Earnings per share: Earnings per share is calculated by dividing the net income attributable to the Company’s shareholders by the weighted average number of common shares outstanding during the period. Potential common shares are included in the calculation of diluted earnings per share if their effect dilutes earnings per share from continuing operations. Potential common shares that were converted during the period are included in diluted earnings per share only up to the conversion date, and from that date are included in basic earnings per share. r. Share capital: Share capital represents the amount received on the issuance of shares, less issuance costs (net of tax). s. Employee benefits: The cost of short-term employee benefits is recognized in the period in which the services are rendered. t. Issue of a unit of securities: The issue of a unit of securities involves the allocation of the proceeds received before issue expenses to the securities issued in the unit based on the following order: financial derivatives and other financial instruments measured at fair value in each period. Then fair value is de

Significant Accounting Judgment

Significant Accounting Judgments and Estimates	12 Months Ended
	Dec. 31, 2021
Disclosure of Significant Accounting Judgments and Estimates [Abstract]
SIGNIFICANT ACCOUNTING JUDGMENTS AND ESTIMATES	NOTE 3: SIGNIFICANT ACCOUNTING JUDGMENTS AND ESTIMATES The preparation of the consolidated financial statements requires management to undertake several judgments, estimates and assumptions about recognition and measurement of assets, liabilities, income and expenses. These estimates and judgments are based on management’s best knowledge of the events or circumstances and actions the Company may take in the future. The actual results may differ from these assumptions and estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to assumptions and estimates are recognized in the period in which the assumption or estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Information about the significant judgments, estimates and assumptions that have the most significant effect on the recognition and measurement of assets, liabilities, income and expenses are discussed below. a. Judgements Revenue recognition: There is currently no specific definitive guidance in IFRS or alternative accounting frameworks for accounting for the revenue recognition from cryptocurrency mining as well as subsequent measurement of cryptocurrency held. Management has determined that revenues should be recognized as the fair value of cryptocurrencies received in exchange for mining services on the date that cryptocurrencies are received and subsequently measured as an intangible asset. Management has exercised significant judgement in determining the appropriate accounting treatment. In the event authoritative guidance is issued by the IASB, the Company may be required to change its accounting policies, which could have a material effect on the Company’s financial statements. Significant judgement in determining the lease term of contracts with renewal options: The Company determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease if it is reasonably certain not to be exercised. The Company has the option under some of its leases to lease the assets for additional terms of three to ten years. The Company applies judgement in evaluating whether it is reasonably certain to exercise the option to renew. That is, it considers all relevant factors that create an economic incentive for it to exercise the renewal. After the commencement date, the Company reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise (or not to exercise) the option to renew (e.g., a change in business strategy). The Company included the renewal period as part of the lease term for leases of most farming facilities due to the significance of these assets to its operations. The Company has not included renewal periods for farming facilities beginning 10 years from the commencement of the lease. b. Estimates and assumptions Property, plant and equipment and intangible assets: Estimates of useful lives, residual values and methods of depreciation are reviewed annually. Any changes based on additional available information are accounted for prospectively as a change in accounting estimate. Impairment of property, plant and equipment and intangibles: The Company evaluates the need to record an impairment of non-financial assets whenever events or changes in circumstances indicate that the carrying amount is not recoverable. The recoverable amount is the higher of fair value less costs of sale and value in use. In measuring value in use, the expected future cash flows are discounted using a pre-tax discount rate that reflects the risks specific to the asset. The Company reviews the need for recording impairment of mineral assets, as detailed in Note 9d, for which purpose it engaged an independent external appraiser to assist in determining the value of the assets. The fair value was determined through use of the market approach, which includes analyzing similar and comparable mineral properties and making adjustments for differences between those properties and the subject among certain identifiable parameters. Reversal of impairment of property, plant and equipment: The Company evaluates the need to reverse impairment of non-financial assets whenever events or changes in circumstances indicate that the previous impairment loss recognized may no longer exist or may have decreased. The impairment of non-financial assets except for goodwill is reversed up to the carrying amount of the non-financial assets that would have been determined, net of depreciation, had no impairment loss been recognized. Management exercised significant judgement in estimating the inputs used to determine the value in use of its property, plant and equipment and intangible assets. Goodwill: In the fourth quarter of each year and when there is an indication that goodwill is impaired, the Company performs an annual test for goodwill impairment for each of its CGUs or group of CGUs to which goodwill is allocated. Management exercised significant judgement in estimating the inputs used to determine the value in use of its CGUs to which goodwill is allocated. Long-term debt: The Company entered into a secured debt financing facility with Dominion Capital LLC consisting of four equal loan tranches in 2020. Upon the drawdown of each loan tranche, management exercised significant judgement in determining the effective interest rates and the fair market value of the warrants issued in connection with each tranche. Management also exercised significant judgement in determining the fair market value of the embedded derivative, which was derecognized in 2021. The key assumptions and methodologies used by management are described in Note 14.

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2021
Disclosure of Business Combination [Abstract]
BUSINESS COMBINATION	NOTE 4: BUSINESS COMBINATION On November 9, 2021, the Company acquired a cryptocurrency mining facility in Washington state through its wholly owned subsidiary, Backbone Mining Solutions LLC, comprising land, buildings, 17 megawatts of electrical infrastructure, power purchase agreements totaling 12 megawatts and in process power purchase agreement applications totaling 12 megawatts with a local hydro-electric utility producer. The consideration transferred was $26,676, including $23,000 of cash consideration and 414,508 Common shares with a value of $3,676 on the closing date. The seller entered into a consulting agreement with the Company in the amount of $2,000 for services relating to the operation of the facility. The Company also entered into a one-year lease agreement with the seller for a 5 megawatt cryptocurrency mining facility with monthly payments of $110. The primary reason for the acquisition was to expand the Company’s energy portfolio with existing infrastructure to accommodate the Company’s expected delivery schedule of mining equipment. The following are the fair values of the identifiable assets of the date of the acquisition: November 9, 2021 Consideration transferred Cash paid at closing $ 23,000 Value of 414,508 common shares transferred at closing 3,676 Fair value of total consideration transferred $ 26,676 Recognized amounts of identifiable assets acquired Electrical components $ 7,081 Buildings 755 Land 85 Intangible assets - favorable lease 1,800 Total identifiable assets acquired $ 9,721 Goodwill $ 16,955 Goodwill consists mainly of the benefit the Company expects to receive from acquiring a turnkey facility with active power purchase agreements compared to the timeline and process the Company would undertake to procure new power purchase agreements, the materials and equipment required to build a facility and complete the construction process. The entire amount of goodwill is expected to be deductible for tax purposes. From November 9, 2021 to December 31, 2021, the Company generated $7,690 of revenues mainly from using the S19j pros installed at the facility. Prior to the acquisition, the Company incurred hosting fees of $3,907. The purchase price allocation for acquisitions reflects 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, based on their condition, 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 in its interim condensed consolidated financial statements as at and for the three months ending March 31, 2022.

Cash

Cash	12 Months Ended
	Dec. 31, 2021
Disclosure of Cash [Abstract]
CASH	NOTE 5: CASH December 31, December 31, 2021 2020 Cash in USD $ 120,846 $ 3,277 Cash in USD held in trust 322 — Cash in CAD 3,475 2,670 Cash in ARS 952 — $ 125,595 $ 5,947

Trade Receivables

Trade Receivables	12 Months Ended
	Dec. 31, 2021
Disclosure of Trade Receivables [Abstract]
TRADE RECEIVABLES	NOTE 6: TRADE RECEIVABLES A receivable represents the Company’s right to an amount of consideration that is unconditional (i.e., only the passage of time is required before payment of the consideration is due). Most trade receivables are derived from the sale of electrical components and services to external customers by the Company’s wholly owned subsidiary, Volta. Trade receivables are non-interest bearing and are generally on terms of 30 to 90 days. Information about the credit risk exposure of the Company’s trade receivables as of December 31, 2021 is as follows: Trade receivables aging 1-30 days 31 - 60 days 61 - 90 days >91 days Allowance Total Gross carrying amount $ 441 $ 382 $ 73 $ 260 $ (118 ) $ 1,038

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of other assets [text block] [Abstract]
OTHER ASSETS	NOTE 7: OTHER ASSETS December 31, December 31, 2021 2020 Electrical component inventory $ 548 $ 169 Sales taxes receivable 1,980 297 Prepaid expenses and other 3,202 203 Insurance refund (Note 9c) and other receivable 697 — $ 6,427 $ 669

Digital Assets

Digital Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of Digital Assets [Abstract]
DIGITAL ASSETS	NOTE 8: DIGITAL ASSETS Bitcoin transactions and the corresponding values for the years ended December 31, 2021, and 2020 were as follows: Year ended December 31, 2021 2020 Quantity Value Quantity Value Balance as of January 1, — $ — — $ — Bitcoin mined* 3,453 164,393 3,014 31,125 Bitcoin exchanged for cash and services (105 ) (4,841 ) (2,641 ) (27,467 ) Bitcoin exchanged for long-term debt repayment (47 ) (1,546 ) (373 ) (3,586 ) Gain (Loss) on disposition of Bitcoin — (289 ) — 88 Prior period accounting policy change — — — (160 ) Revaluation of digital assets — (4,861 ) — — Balance of digital assets as of December 31, 3,301 152,856 — — Less digital assets pledged as collateral as of December 31,** (1,875 ) (86,825 ) — — Balance of digital assets excluding digital assets pledged as collateral as of December 31, 1,426 $ 66,031 — $ — * Management estimates the fair value of Bitcoin mined on a daily basis as the quantity of cryptocurrency received multiplied by the price quoted on www.coinmarketcap.com (“Coinmarketcap”) on the day it was received. Management considers the prices quoted on Coinmarketcap to be a level 2 input under IFRS 13 Fair Value Measurement. ** See Note 13 for details of the Company’s credit facility and Bitcoin pledged as collateral.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2021
Disclosure of property, plant and equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 9: PROPERTY, PLANT AND EQUIPMENT a. As at December 31, 2021, and December 31, 2020, property, plant and equipment consisted of: BVVE and electrical components Mineral assets Land and buildings Leasehold improvements Vehicles Total Cost: Balance as of January 1, 2021 $ 52,676 $ 9,000 $ 3,263 $ 2,707 $ 448 $ 68,094 Additions through business combination (Note 4) 7,081 — 840 — — 7,921 Additions during the period 114,323 — 470 3,265 136 118,194 Dispositions during the period (6,146 ) — (24 ) (189 ) (37 ) (6,396 ) Transfer to assets held for sale (11,287 ) — — — — (11,287 ) Balance as of December 31, 2021 156,647 9,000 4,549 5,783 547 176,526 Balance as of January 1, 2020 54,127 9,000 2,721 2,415 381 68,644 Additions during the period 9,548 — 542 306 80 10,476 Dispositions during the period (10,999 ) — — (14 ) (13 ) (11,026 ) Balance as of December 31, 2020 52,676 9,000 3,263 2,707 448 68,094 Accumulated Depreciation: Balance as of January 1, 2021 30,042 — 185 1,861 213 32,301 Depreciation 22,233 — 104 396 79 22,812 Dispositions during the period (5,172 ) — (3 ) (148 ) (28 ) (5,351 ) Transfer to assets held for sale (10,026 ) — — — — (10,026 ) Impairment — 1,800 — — — 1,800 Impairment reversal (1,311 ) — — (549 ) — (1,860 ) Balance as of December 31, 2021 35,766 1,800 286 1,560 264 39,676 Balance as of January 1, 2020 28,976 — 101 1,641 152 30,870 Depreciation 9,762 — 84 234 68 10,148 Dispositions during the period (8,696 ) — — (14 ) (7 ) (8,717 ) Balance as of December 31, 2020 30,042 — 185 1,861 213 32,301 Net book value as of December 31, 2021 $ 120,881 $ 7,200 $ 4,263 $ 4,223 $ 283 $ 136,850 December 31, 2020 $ 22,634 $ 9,000 $ 3,078 $ 846 $ 235 $ 35,793 b. Impairment reversal and assets held for sale During the year-ended December 31, 2018, the Company recorded an impairment loss on its cryptocurrency mining CGU which resulted in $16,465 of impairment being allocated to BVVE and electrical components and leasehold improvements due to a significant decline in the Bitcoin market price. As of December 31, 2021, the Company assessed whether there was an indication that the impairment loss recognized in 2018 may no longer exist or may have decreased, and concluded that there were observable indications that the CGU’s value had increased during the period. As a result, the Company’s management estimated the recoverable amount of the CGU, using a value in use calculation based on the present value of the expected cash flows over the estimated remaining useful life of the previously impaired CGU assets of approximately 1.5 years. Based on management’s calculations, an impairment reversal of $970 relating to the CGU was recognized during the period. The increased carrying amount of the CGU assets reflects the carrying amount of the CGU assets that would have been determined, net of depreciation, had no impairment loss been recognized in 2018. Mining assets outside of Quebec and Antminer S9 miners were not included in the CGU for the purposes of the impairment reversal calculation. The Company has ceased using the Antminer S9 miners and has plans to dispose of them within the next 12 months. Management has determined that the Antminer S9 miners meet the criteria to be classified as held for sale, and determined that the carrying amount, including the impairment recognized in 2018, was less than the estimated fair value less costs to sell. As a result, the Company recognized an impairment reversal of $890 relating to the impaired Antminer S9 miners held for sale, reflecting the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized in 2018. The total impairment reversal recognized during the period relating to the CGU assets and the assets held for sale totaled $1,860. The key assumptions used in the value in use calculation are as follows: Revenues Discount rate Energy prices Terminal value c. Further details of the quantity and models of BVVE held by the Company are as follows: MicroBT Whatsminer (BTC)* Bitmain S19j Pro Innosilicon T3 & T2T (BTC)** Canaan Avalon A10 (BTC) Other Bitmain Antminers (BTC)*** Total Quantity as of January 1, 2021 8,394 — 6,446 1,024 11,244 27,108 Additions during the period 10,397 7,172 — — — 17,569 Dispositions during the period (116 ) — — — (3,171 ) (3,287 ) Quantity as of December 31, 2021 18,675 7,172 6,446 1,024 8,073 41,390 * Includes 4,311 M20S, 2,062 M30S, 6,391 M31S and 5,911 M31S+ miners ** Includes 5,082 T3 and 1,364 T2T miners *** Includes 1,645 Antminer T15 and 368 Antminer S15, and 6,060 Antminer S9 miners that were classified as assets held for sale as described in Note 9b. Included in the BVVE and electrical equipment listed above are right-of-use assets consisting of 3,000 Whatsminer M31S+ with a net book value of approximately $5,422 as described in Note 15. During the year ended December 31, 2021, 116 M31S miners with a carrying value of $780 suffered fire damage and could not be repaired. The miners were derecognized as a loss on disposal of property, plant and equipment. The Company submitted an insurance claim for the irreparable miners during the year-ended December 31, 2021. In January 2022, the Company received a reimbursement from its insurer in the amount of $685. The reimbursement was accrued as other assets as of December 31, 2021 and recorded as a reduction of the loss on disposal of property, plant and equipment described above. d. In connection with the reverse acquisition of Bitfarms Ltd (Israel), the Company engaged an independent appraiser to determine the fair value as at the acquisition date, April 12, 2018 of Suni, an iron ore deposit located in Canada, held by the acquiree. The appraiser’s valuation report was based on the comparison method and the analysis of similar assets. Following certain adjustments resulting from changes in the price of iron ore, among other variables, Suni’s value at April 12, 2018 was estimated at $9,000. The independent appraiser was engaged also to determine Suni’s fair value as at December 31, 2021 and 2020. Using the same valuation techniques, the appraiser determined that the value of Suni was $7,700 on December 31, 2021, or $7,200 reflecting estimated costs to sell, compared to $9,000 on December 31, 2020 which resulted in impairment of $1,800 to Suni’s value. The fair value measurement is categorized as level 2 in the fair value hierarchy. The Company also holds interests in three additional mineral properties: Hidden Lake gold mine, Victorine Gold mine and Pembroke silver mine. It is management’s view that these three mines are unlikely to be of significant value and as a result they were not reflected in the purchase price allocation of the reverse acquisition. The above-mentioned mineral assets, including Suni, were inactive during the reporting periods and as of the date of approval of the consolidated financial statements.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of Intangible Assets [Abstract]
INTANGIBLE ASSETS	NOTE 10: INTANGIBLE ASSETS Systems software Favourable lease Total Cost: Balance as of January 1, 2021 $ 5,150 $ — $ 5,150 Additions through business combination (Note 4) — 1,800 1,800 Balance as of December 31, 2021 5,150 1,800 6,950 Balance as of January 1, 2020 5,088 — 5,088 Additions 62 — 62 Balance as of December 31, 2020 5,150 — 5,150 Accumulated amortization and impairment : Balance as of January 1, 2021 4,773 — 4,773 Amortization 235 261 496 Balance as of December 31, 2021 5,008 261 5,269 Balance as of January 1, 2020 4,422 — 4,422 Amortization 351 — 351 Balance as of December 31, 2020 4,773 — 4,773 Net book value as of December 31, 2021 $ 142 $ 1,539 $ 1,681 December 31, 2020 $ 377 $ — $ 377

Long-Term Deposits, Equipment P

Long-Term Deposits, Equipment Prepayments, Other and Commitments	12 Months Ended
	Dec. 31, 2021
Long Term Deposits And Advance Payments On Equipment [Abstract]
LONG-TERM DEPOSITS, EQUIPMENT PREPAYMENTS, OTHER AND COMMITMENTS	NOTE 11: LONG-TERM DEPOSITS, EQUIPMENT PREPAYMENTS, OTHER AND COMMITMENTS December 31, December 31, 2021 2020 VAT receivable* $ 2,067 $ — Security deposits for energy, insurance and rent 1,555 942 Equipment prepayments 83,059 31 $ 86,681 $ 973 * See note 19d for further details to the Company’s foreign currency risk on VAT receivable in Argentine Pesos. The Company has deposits on BVVE and electrical components in the amount of $83,059, mainly for outstanding orders placed consisting of 48,000 Whatsminer miners with expected delivery in 2022. The Company is exposed to counterparty risk through the significant deposits it places with suppliers of mining hardware to secure orders and delivery dates. The risk of a supplier failing to meet its contractual obligations may result in late deliveries or long-term deposits and equipment prepayments that are not realized. The Company attempts to mitigate this risk by procuring mining hardware from the larger more established suppliers and with whom the company has existing relationships and knowledge of their reputation in the market. The Company’s remaining payment obligations in connection with the 48,000 unit purchase agreement and an additional purchase agreement for 1,200 Antminer miners are outlined below: December 31, 2021 Three months ending March 31, 2022 $ 45,642 Three months ending June 30, 2022 44,239 Three months ending September 30, 2022 28,391 Three months ending December 31, 2022 13,890 $ 132,162 The Company will require additional sources of financing to meet the payment obligations included in the table above. As described in Note 1, if the Company were unable to obtain such financing, or the Bitcoin price and network difficulty were adversely impacted, then the Company may have difficulty meeting its payment obligations. If the Company were unable to meet its payment obligations, there could result in the loss of equipment prepayments and deposits paid by the Company under the purchase agreements and remedial legal measures taken against the Company which may include damages and forced continuance of the contractual arrangement. Under these circumstances, the Company’s growth plans and ongoing operations could be adversely impacted. The Company also entered into one ten-year lease agreement for a future facility in Quebec, with monthly payments totaling $64 ($81,500 CAD) which is expected to commence the first quarter of 2022.

Trade Payables and Accrued Liab

Trade Payables and Accrued Liabilities	12 Months Ended
	Dec. 31, 2021
Trade Payables and Accrued Liabilities [Abstract]
TRADE PAYABLES AND ACCRUED LIABILITIES	NOTE 12: TRADE PAYABLES AND ACCRUED LIABILITIES December 31, December 31, 2021 2020 Trade accounts payable and accrued liabilities $ 9,873 $ 2,059 Government remittances 4,607 637 $ 14,480 $ 2,696

Credit Facility

Credit Facility	12 Months Ended
	Dec. 31, 2019
Credit Facility [Abstract]
Credit Facility	NOTE 13: CREDIT FACILITY December 31, 2021 Revolving credit facility $ 60,000 Interest payable on revolving credit facility 2 $ 60,002 On December 30, 2021, the Company entered into a secured revolving credit facility up to $100,000 for a term of 6 months with Galaxy Digital LLC (the Facility Lender). The facility bears interest at a rate of 10.75% per annum with an unused fee of 0.75% per annum charged on the unused portion of the $100,000 facility. The facility is secured by Bitcoin, with the minimum value of Bitcoin pledged as collateral calculated as 143% of the amount borrowed. The Company is required to contribute additional collateral to the Facility Lender any time the value of the Bitcoin pledged as collateral is below 133% of the amount borrowed. The Company also has the right to require the Facility Lender to return any Bitcoin when the value of the Bitcoin pledged as collateral exceeds 143% of the amount borrowed. A substantial decrease in Bitcoin price may result in the Company being unable to meet the minimum Bitcoin collateral requirements, which could result in the disposition of the Company’s Bitcoin pledged as collateral by the Facility Lender, or repayment of the facility in fiat currency on demand. The Company is exposed to counterparty risk as it is reliant on the Facility Lender to return the Bitcoin collateral upon extinguishment of the credit facility. This agreement contains a covenant where the ending balance of the Company’s net assets of any calendar month cannot decline by: a. 25% or more compared to the previous month b. 50% or more compared to three months ago c. 50% or more compared to any calendar month in the immediately preceding calendar year As of February 28, 2022, the most recently completed calendar month, the Company was in compliance with all of the covenants described above. As of December 31, 2021 the Company had drawn $60,000 of the facility and pledged 1,875 Bitcoin as collateral with a fair market value of $86,825. The pledged Bitcoin is held in a segregated Coinbase Custody account owned by the Facility Lender. Subsequent to year end, an additional 739 BTC were held as collateral by the Facility Lender due to the decline in Bitcoin price.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2021
Disclosure of borrowings [text block] [Abstract]
LONG-TERM DEBT	NOTE 14: LONG-TERM DEBT December 31, December 31, 2021 2020 Dominion Capital loan $ — $ 17,092 Equipment financing 11,039 — Volta note payable 128 253 Total long-term debt 11,167 17,345 Less current portion of long-term debt (10,257 ) (17,171 ) Non-current portion of long-term debt $ 910 $ 174 a) Dominion Capital loan On March 15, 2019, the Company entered into a secured debt financing facility for up to $20,000 with Dominion Capital LLC (the Lender). The debt facility was structured into four separate loan tranches of $5,000 per tranche. Each loan tranche bore interest at 10% per annum and the term of each loan tranche was 24 months with a balloon payment for any remaining outstanding balance at the end of the term. A monthly payment equivalent to 10% of the value of cryptocurrencies mined by Backbone during the month was required in repayment of the total loan tranches drawn. The loan contained a “make-whole” clause which stipulated that the 10% interest rate was calculated on the initial principal balance of the loan tranche and did not decrease as the principal balance was repaid. The 10% interest rate was calculated over the 24-month term of each loan tranche regardless of whether the loan tranche was repaid prior to its maturity. Any unpaid interest at the time of the loan tranche’s early repayment was included in the balloon payment. The loan features resulted in a loan liability measured at amortized cost, a warrant component recorded as equity, a warrant component recorded as a liability measured at fair value through profit or loss, and an embedded derivative measured at fair value through profit or loss described below. In September 2020, the Company entered into an agreement with Dominion Capital to amend the maturity date of tranche #2 from April 2021 to November 2021. The 10% make-whole clause described below remained in effect for the 6 month extension of the second loan tranche. In addition, a conversion feature was added to tranche #3, maturing in June 2021, providing Dominion Capital with the option to convert all or a portion of the loan tranche into shares at a price of $0.59 USD per share. The conversion feature was exercisable by Dominion Capital at any time until the loan’s maturity date in June 2021. In January 2021, Dominion Capital exercised their option to convert $5,000 of debt into 8,474,577 Common Shares. In February 2021, the Company repaid the remaining debt obligation in its entirety. Loan liability The loan liability was initially measured as the residual amount of the proceeds received, net of transaction costs and the fair value of the warrant issuance. The loan was then measured at amortized cost using the effective interest method. Management used significant judgement and estimates when determining the effective interest rate. Payment amounts were determined as 10% of the cryptocurrency mined by Backbone. In order to calculate the effective interest rate, management estimated Backbone’s future cryptocurrency mining revenues in order to estimate the timing and amount of future loan repayments. Upon inception of each loan tranche, the effective interest rates were determined to be 26.93%, 30.16%, 37.10 % Warrant issuance Bitfarms Ltd. also issued 1,666,667 Lender warrants, which vested upon issuance, to acquire 1,666,667 shares of Bitfarms Ltd. for each loan tranche drawn with an exercise price of $0.40 USD per share and an expiration date of five years. As a result, an aggregate of 6,666,668 Lender warrants to acquire 6,666,668 shares have been issued, of which 1,250,000 were exercised as of December 31, 2020. The remaining 5,416,668 warrants were exercised in January and February 2021 resulting in the issuance of 5,251,223 common shares for proceeds of approximately $1,500, see Note 18. The warrant exercises described above include the cashless exercise of 1,666,667 warrants resulting in the issuance of 1,501,222 common shares. In addition to the loan modifications described above, a cashless exercise feature was authorized for the warrants issued in connection with Tranche #2 and Tranche #3, which resulted in these warrants being reclassified from equity to a warrant liability measured at fair value through profit or loss. The Black Scholes model and the inputs described in Note 18 were used in determining the values of the warrants prior to their derecognition which resulted in a non-cash loss on revaluation of warrants for the year ended December 31, 2021 of $2,466 included in net financial expenses (December 31, 2020: $ nil Embedded derivative The value of the “make-whole” clause described above varied based on management’s projections of the timing of the loan repayment, which are based on Backbone’s cryptocurrency mining revenues. This interest feature has been accounted for as an embedded derivative that is measured at fair value through profit or loss. The early repayment of the loan resulted in the company recording a loss on embedded derivative for the year ended December 31, 2021 $2,641 included in net financial expenses (December 31, 2020: a gain of $973). See Note 25c. b) Equipment financing In April and May 2021, the Company entered into four loan agreements for the acquisition of 2,465 Whatsminer miners referred to as “Foundry Loans #1, #2, #3 and #4”. In June 2021, the Company modified the terms of three lease agreements with its lender, Blockfills, for 4,000 Whatsminer miners to convert them to loan agreements. The key terms, such as interest rates, term and payment schedules remain unchanged. A total of $3,904 was reclassified from lease liabilities to long-term debt as a result of the modification. The right-of-use assets related to the three leases were classified in property, plant and equipment and as a result no reclassification was made. Details of the equipment financing and the balance of the loans and the net book value (NBV) of their related collateral, as of December 31, 2021, are as follows: Maturity date Rate Monthly Long-term NBV of Collateral* Blockfills loan #1 August 2022 22.2 % $ 92 $ 648 $ 1,022 1,000 Blockfills loan #2 September 2022 17.8 % 134 1,067 1,722 2,000 Blockfills loan #3 October 2022 18.6 % 67 574 973 1,000 Foundry loan #1 September 2022 18.6 % 551 4,620 7,917 1,465 Foundry loan #2 March 2023 16.5 % 102 1,294 1,911 300 Foundry loan #3 April 2023 16.5 % 95 1,287 1,591 300 Foundry loan #4 May 2023 16.5 % 108 1,549 1,862 400 Total $ 1,149 $ 11,039 $ 16,998 6,465 * Represents the quantity of Whatsminers received in connection with the equipment financing and pledged as collateral for the related loan.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Disclosure of leases [text block] [Abstract]
LEASES	NOTE 15: LEASES Set out below are the carrying amounts of the Company’s right-of-use assets and lease liabilities and their activity during the year ended December 31, 2021: Leased premises Vehicles Other equipment Total ROU assets Lease liabilities As at January 1, 2021 $ 5,129 $ 180 $ 84 $ 5,393 $ 11,023 Additions and extensions to ROU assets 5,713 205 21 5,939 5,911 Additions to property, plant and equipment — — — — 7,786 Depreciation (1,040 ) (99 ) (29 ) (1,168 ) — Lease termination (764 ) (3 ) — (767 ) (892 ) Lease liabilities converted to long-term debt — — — — (3,904 ) Payments — — — — (5,746 ) Issuance of warrants — — — — (2,160 ) Interest — — — — 1,513 Foreign exchange — — — — 42 As at December 31, 2021 $ 9,038 $ 283 $ 76 $ 9,397 $ 13,573 Less current portion of lease liabilities (4,346 ) Non-current portion of lease liabilities $ 9,227 During the year ended December 31, 2021, the Company modified the terms of three two-year lease agreements for mining hardware, with a balance of $3,904 at the time of conversion, in June 2021, resulting in the lease liabilities being reclassified to long-term debt as described in Note 14b. No changes were made to the payment terms, interest rate or security interest of the former leases.The Company maintains one lease agreement for mining hardware, consisting of 3,000 Whatsminer M31S+, with a net book value of approximately $5,422, classified as property, plant and equipment under BVVE and electrical equipment as described in Note 9. During the year, the Company issued 468,013 warrants to the former lessor with an exercise price of $0.40 USD and expiring in May 2023 for a total cost of $2,160. The cost of these warrants was added to the cost of the leased assets which were recorded as an addition to property, plant and equipment and will be amortized over the useful life of the corresponding assets. The inputs used to value the grant using the Black-Scholes model were as follows: Grant date May 11, Dividend yield (%) — Expected share price volatility (%) 139 % Risk-free interest rate (%) 0.05 % Expected life of warrants (years) 1.00 Share price (CAD) 6.04 Exercise price (USD) 0.40 USD Fair value of warrants (USD) 4.62 USD Quantity of warrants granted* 468,013 * All warrants issued are for the purchase of one common share in the Company

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Disclosure of Income Taxes [Abstract]
INCOME TAXES	NOTE 16: INCOME TAXES a. Deferred taxes Deferred taxes are computed at a tax rate of 26.5% based on tax rates expected to apply at the time of realization. Deferred taxes relate primarily to the timing differences on recognition of expenses relating to the depreciation of fixed assets, loss carryforwards and professional fees relating to the Company’s equity activity that are recorded as a reduction of equity. The Company’s deferred tax liability as of December 31, 2021 was $8,451 and its deferred tax asset was $3,896. b. Taxes included in profit or loss: Year ended December 31, 2021 2020 Current tax expense: Current year $ 12,358 $ 310 Prior year (693 ) (138 ) Deferred tax expense: Current year 8,665 — Prior year 177 — $ 20,507 $ 172 In addition to the taxes included in profit or loss, a deferred tax recovery of $4,287 was recorded through equity as it related to expenses recorded as a reduction of equity in connection with the Company’s Private placements and at-the-market equity program as described in Note 18. c. Effective tax rate for the year ended December 31: 2021 Income tax expense at statutory rate of 26.5% $ 11,299 Increase in taxes resulting from: Foreign rate differential 383 Prior year (516 ) Non-deductible expenses and other 12,996 Deferred tax asset previously not recognized (3,655 ) $ 20,507

Asset Retirement Provision

Asset Retirement Provision	12 Months Ended
	Dec. 31, 2021
Disclosure of Asset Retirement Provision [Abstract]
ASSET RETIREMENT PROVISION	NOTE 17: ASSET RETIREMENT PROVISION As of December 31, 2021, the Company estimated the costs of restoring its leased premises to their original state at the end of their respective lease terms to be $391, discounted to present value of $319 using a discount rate of 8% over the lease periods, which were estimated to range from one to seven years depending on the location. An amount of $80 was reclassified from asset retirement provision to trade payables and accrued liabilities as the obligation is expected to come due within 12 months.

Share Capital

Share Capital	12 Months Ended
	Dec. 31, 2021
Disclosure of Share Capital [Abstract]
SHARE CAPITAL	NOTE 18: SHARE CAPITAL Authorized Issued and outstanding at December 31, December 31, December 31, Number of shares Common shares of no par value Unlimited 194,805,893 88,939,359 Details of the outstanding warrants are as follows: 2021 2020 Number of Weighted Number of Weighted warrants price (USD) warrants price (USD) Outstanding, January 1, 6,052,918 $ 0.41 6,716,668 $ 0.44 Granted 40,332,368 3.36 336,250 0.40 Exercised (26,957,489 ) 3.43 (1,000,000 ) 0.40 Outstanding, December 31, 19,427,797 $ 4.16 6,052,918 $ 0.41 Dominion Capital As described in Note 14, in January 2021, Dominion Capital exercised their option to convert $5,000 of debt into 8,474,577 Common Shares. In January and February 2021, Dominion Capital exercised all of their remaining outstanding warrants resulting in the issuance of 5,251,223 common shares for proceeds of approximately $1,500. The warrant exercises described above include the cashless exercise of 1,666,667 warrants resulting in the issuance of 1,501,222 common shares. In addition to the loan modifications described in Note 14, a cashless exercise feature was authorized for the warrants issued in connection with Tranche #2 and Tranche #3, which resulted in these warrants being reclassified from equity to a warrant liability measured at fair value through profit or loss. The derecognition of warrants containing the authorized cashless exercise feature resulted in a non-cash loss on revaluation of warrants of $2,466 included in net financial expenses for the year ended December 31, 2021 (December 31, 2020: $3,876). The Black Scholes model and the inputs below were used in determining the values of the warrants relating to Tranche #2 and Tranche #3, prior to their derecognition: Remeasurement on settlement of warrant liability Exercise date January 7, January 25, February 11, Dividend yield (%) — — — Expected share price volatility (%) 131 % 138 % 136 % Risk-free interest rate (%) 0.25 % 0.25 % 0.25 % Expected life of warrants (years) 0.92 0.42 0.71 Share price (CAD) 3.00 3.25 4.40 Exercise price (CAD) 0.51 0.39 0.51 Fair value of warrants (USD) — — — Quantity of warrants exercised 250,000 1,666,667 916,667 Private placements In January, February and May 2021, the Company completed four private placements for total gross proceeds of $155,000,000 CAD in exchange for 40,187,121 Common Shares and 36,649,385 warrants to purchase Common Shares: Closing Date January 7, January 14, February 10, May 20, Gross proceeds (CAD) 20,000,000 20,000,000 40,000,000 75,000,000 Common shares issued 8,888,889 5,586,593 11,560,695 14,150,944 Warrants issued* 8,888,889 5,586,593 11,560,695 10,613,208 Warrant strike price 2.75 CAD 3.10 USD 3.01 USD 4.87 USD Warrant life (years) 3 3.5 3.5 3 Commission paid 8 % 8 % 8 % 8 % Broker warrants issued* 711,111 446,927 924,586 1,132,076 Broker warrant strike price 2.81 CAD 3.53 USD 3.39 USD 5.49 USD Broker warrant life (years) 3 3.5 3.5 3 * All warrants issued are for the purchase of one common share in the Company In February 2021, 8,888,889 warrants and 615,111 of the 711,111 broker warrants related to the private placement that closed on January 7, 2021, were exercised resulting in the issuance of 9,504,000 common shares for proceeds of approximately $20,611 (26,172,000 CAD). In March 2021, 5,027,933 warrants related to the private placement closed on January 14, 2021 were exercised resulting in the issuance of 5,027,933 common shares for proceeds of approximately $15,587. In addition, 800,000 of the 924,586 broker warrants issued in connection with the private placement on February 10, 2021 were exercised resulting in the issuance of 800,000 common shares for proceeds of $2,712. In August 2021, 5,404,625 warrants related to the private placement closed on February 7, 2021, were exercised resulting in the issuance of 5,404,625 common shares for proceeds of approximately $16,268. In total, 20,736,558 warrants relating to the private placements have been exercised resulting in the issuance of 20,736,558 common shares for proceeds of $55,178. The warrants issued in connection with the private placement closed on January 7, 2021 had a strike price denominated in Canadian dollars, which is different from the Company’s functional currency of the U.S. dollar. As a result, fluctuations in the Canadian to U.S. dollar exchange rate could result in the Company receiving a variable amount of cash in its functional currency in exchange for the exercise of warrants and issuance of shares. The possibility of variation in the settlement price in the Company’s functional currency results in the warrants being classified as a liability that is measured at fair value through profit or loss. This accounting treatment does not apply to the broker warrants issued in Canadian dollars as warrants issued in exchange for goods or services are generally accounted for as equity with no remeasurement required. The Black Scholes model and the inputs below were used in determining the values of the warrants prior to their derecognition which resulted in a non-cash loss on revaluation of warrants of $17,058 included in net financial expenses. Initial recognition Remeasurement on settlement of warrant liability Measurement date January 7, 2021 February 16, February 22, February 26, Dividend yield (%) — — — — Expected share price volatility (%) 132 % 137 % 141 % 141 % Risk-free interest rate (%) 0.25 % 0.25 % 0.25 % 0.25 % Expected life of warrants (years) 0.5 0.38 0.38 0.38 Share price (CAD) 2.50 4.67 6.55 5.45 Exercise price (CAD) 2.75 2.75 2.75 2.75 Fair value of warrants (USD) 0.65 1.88 3.24 2.44 Quantity of warrants exercised 8,888,889 888,889 5,000,000 3,000,000 Employee Stock Options During the year ended December 31, 2021, employees, directors, consultants and former employees exercised stock options to acquire 6,073,585 common shares resulting in proceeds of approximately $6,177 being paid to the Company. An additional 414,508 common shares were issued in connection with the business combination described in Note 4, and 1,771 other common shares were issued during the year ended December 31, 2021. At-The-Market Equity Program Bitfarms commenced an at-the-market equity program on August 16, 2021, pursuant to which the Company may, at its discretion and from time-to-time, sell common shares of the Company, resulting in the Company receiving aggregate proceeds of up to $500,000. During the year ended December 31, 2021, the Company issued 23,922,928 common shares in exchange for gross proceeds of at an average share price of approximately $6.28USD. The Company received net proceeds of $145,601 after paying commissions of $4,509 to the Company’s agent and $186 in other transaction costs.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2021
Disclosure of Financial Instruments [Abstract]
FINANCIAL INSTRUMENTS	NOTE 19: FINANCIAL INSTRUMENTS a. Financial assets at amortized cost: December 31, 2021 2020 Trade receivables, net $ 1,038 $ 1,103 b. Financial liabilities at amortized cost: December 31, 2021 2020 Trade payables and accrued liabilities $ 14,480 $ 2,696 Credit facility 60,002 — Long-term debt 11,167 17,345 Lease liabilities 13,573 11,023 $ 99,222 $ 31,064 The carrying amounts of trade receivables, trade payables and accrued liabilities, credit facility and long-term debt presented in the tables above, are a reasonable approximation of their fair value. c. Risk management policy: The Company is exposed to foreign currency risk, credit risk and liquidity risk. The Company’s senior management monitors these risks. d. Foreign currency risk: Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company’s functional currency is the US Dollar as all of its cryptocurrency mining revenues, most of its capital expenditures and most of its financing are primarily measured or transacted in US dollars. The Company is exposed to variability in the and to US dollar exchange when making expenditures payable in . The Company funds foreign currency transactions by buying the foreign currency at the spot rate when required. A 5% increase or decrease in the USD/CAD and USD/ exchange rates may have an impact of an increase or decrease of $1,162 on retained earnings at December 31, 2021 (December 31, 2020: $255). Amounts denominated in Canadian dollars and Argentine pesos included in the consolidated statements of financial position, presented in U.S. dollars in thousands, are as follows: December 31, 2021 2020 CAD ARS CAD ARS Cash $ 3,475 $ 952 $ 2,670 $ — Other assets 4,374 23 500 — Trade receivables 1,038 — 923 — Long-term deposits, equipment prepayments and other 902 2,067 — — Trade payables and accrued liabilities (4,964 ) (718 ) (2,449 ) — Taxes payable (10,226 ) (1,659 ) (316 ) — Deferred tax liability (8,462 ) — — — Long-term debt (126 ) — (253 ) — Lease liabilities (9,678 ) — (5,957 ) — Asset retirement provision (239 ) — (209 ) — $ (23,906 ) $ 665 $ (5,091 ) $ — As described in Note 11, Included in long-term deposits, equipment prepayments and other is refundable Argentine value-added tax (VAT), most of which the Company does not expect to realize within the next 12 months. Historically, ARS has devalued significantly when compared to USD due to high levels of inflation in Argentina, which may result in the Company recording future foreign exchange losses on its Argentina VAT receivable. e. Credit risk: Credit risk is the risk of an unexpected loss if a third party fails to meet its contractual obligations, including cash and cash equivalents. There is a risk of suppliers of mining hardware failing to meet their contractual obligations, that may result in late deliveries or significant long-term deposits and equipment prepayments that are not realized. The Company attempts to mitigate this risk by procuring mining hardware from larger more established suppliers with whom the company has existing relationships and knowledge of their reputation in the market, as described in Note Volta’s third-party customers. The Company performs ongoing credit evaluations of its customers. An allowance for doubtful accounts is determined with respect to those amounts that the Company has determined to be doubtful of collection. The allowance for doubtful accounts is based on management’s assessment of a customer’s credit quality as well as subjective factors and trends, including the aging of receivable balances. f. Liquidity risk: Liquidity risk is a risk that the Company will not be able to pay its financial obligations when they are due. The Company has significant commitments with suppliers of mining hardware described in The Company’s policy is to monitor its cash balances and planned cash flows generated from operations to ensure that it maintains sufficient liquidity in order to pay its projected financial liabilities. The contractual maturities of and the credit facility are less than three and six months, respectively. and the include financial obligations with contractual maturities as follows, inclusive of interest on the long-term debt, as of December 31, 2021: December 31, 2021 2022 $ 73,950 2023 896 2024 and thereafter 40 $ 74,886 Lease liabilities includes financial obligations with contractual maturities as follows, inclusive of interest, as of December 31, 2021: December 31, 2021 2022 $ 5,431 2023 2,553 2024 1,820 2025 1,692 2026 and thereafter 6,023 $ 17,519 Movement in long-term debt for the years ending December 31, 2021 and 2020 is as follows: December 31, 2021 2020 Balance as of January 1, $ 17,345 $ 15,723 Conversion of lease liabilities 3,904 — Issuance of long-term debt 14,227 84 Payments (22,382 ) (3,673 ) Interest on long-term debt 1,883 5,335 Conversion of long-term debt and loan modification (5,000 ) (124 ) Derecognition of embedded derivative 1,190 — $ 11,167 $ 17,345

Transactions and Balances with

Transactions and Balances with Related Parties	12 Months Ended
	Dec. 31, 2021
Disclosure of Transactions and Balances with Related Parties [Abstract]
TRANSACTIONS AND BALANCES WITH RELATED PARTIES	NOTE 20: TRANSACTIONS AND BALANCES WITH RELATED PARTIES a. Balances with related parties: December 31, December 31, 2021 2020 Trade payables and accrued liabilities: Directors’ remuneration $ 19 $ 31 Director and senior management incentive plan 1,465 — $ 1,484 $ 31 Lease liabilities: Companies controlled by directors $ 1,357 $ 1,695 Amounts due to related parties, other than lease liabilities, are unsecured, non-interest bearing and payable on demand. b. Transactions with related parties during the year ended December 31, 2021: 1. The Company made rent payments totaling approximately $475 for the year ended December 31, 2021, (for the year ended December 31, 2020: $440) to companies controlled by certain directors. The rent payments were classified as interest included in financial expenses and principal repayment of lease liabilities. 2. The Company entered into consulting agreements with two directors. The consulting fees totaled approximately $625 for the year ended December 31, 2021, (for the year ended December 31, 2020: $379). The transactions described above were incurred in the normal course of operations. These transactions are included in consolidated statements of profit or loss and comprehensive profit and loss as follows: Year ended December 31, 2021 2020 General and administrative expenses $ 625 $ 379 Net financial expenses 126 145 $ 751 $ 524 c. Compensation of key management and directors: Key management includes the Company’s Directors, Chief Officers and Vice Presidents. The remuneration paid to directors and other members of key management personnel, to the extent that they are not included in the consulting agreements described in Note 20b, are as follows: Year ended December 31, 2021 2020 Short-term benefits* $ 5,004 $ 1,326 Share-based payments 21,174 1,611 $ 26,178 $ 2,937 * Short-term benefits includes an incentive plan adopted by the Company in 2021 to reward certain directors and members of senior management with a total of 50 Bitcoins.

Capital Management Policies and

Capital Management Policies and Procedures	12 Months Ended
	Dec. 31, 2021
Disclosure of Capital Management Policies and Procedures [Abstract]
CAPITAL MANAGEMENT POLICIES AND PROCEDURES	NOTE 21: CAPITAL MANAGEMENT POLICIES AND PROCEDURES The Company’s capital management objectives are to ensure its ability to maximize the return to its shareholders. The Company’s definition of capital includes all components of equity. Capital for the reporting period is summarized in Note 18 and in the consolidated statement of changes in equity. In order to meet its objectives, the Company monitors its capital structure and makes adjustments as required in light of changes in economic conditions and the risk characteristics of the underlying assets. These objectives will be achieved by maintaining a strong capital base so as to maintain investor confidence to sustain future development of the business, maintain a flexible capital structure that optimizes the cost of capital at acceptable risk and preserves the ability to meet financial obligations and ensuring sufficient liquidity to pursue organic growth. In order to maintain or adjust the capital structure, the Company may issue new common shares or debt.

Subsidiaries

Subsidiaries	12 Months Ended
	Dec. 31, 2021
Disclosure of Subsidiaries [Abstract]
SUBSIDIARIES	NOTE 22: SUBSIDIARIES In 2011, Bitfarms Ltd. (Israel) established AU Acquisition VI, LLC (“AU”) which is incorporated in the State of Nevada, USA, and is wholly owned and controlled by the Company. AU is registered as the legal owner of the mineral assets, Hidden Lake and Victorine. Also, in 2011, Bitfarms established Pembroke & Timberland, LLC (“Pembroke”) in the State of Maine, USA, which is also wholly owned and controlled by the Company. Pembroke is registered as the legal owner of the Pembroke mineral asset as described in Note 9d. In 2021, Backbone established Backbone Hosting Solutions (USA) Inc. (“Backbone USA”) which is incorporated in the State of Delaware, USA, and is wholly owned and controlled by Backbone. In 2021, Backbone established Backbone Paraguay which is incorporated in Asuncion, Paraguay, and is owned and controlled 90% and 10% by Backbone and Bitfarms Ltd., respectively. Backbone established Backbone Argentina which is incorporated in Buenos Aires, Argentina and is wholly owned and controlled by Backbone. In 2021, Bitfarms Ltd. established 2872246 Ontario Inc. (“ON”) which is incorporated in the Province of Ontario, Canada, and is wholly owned and controlled by the Company. ON is registered as the legal owner of Backbone Mining Solutions LLC as described in Note 4. Company name Security type Main place of business Securities Equity Voting AU Ordinary shares USA 100 % 100 % 100 % Pembroke Ordinary shares USA 100 % 100 % 100 % Volta Ordinary shares CDA 100 % 100 % 100 % Backbone Ordinary shares CDA 100 % 100 % 100 % Backbone Argentina Ordinary shares ARG 100 % 100 % 100 % Backbone Paraguay Ordinary shares PAR 100 % 100 % 100 % Backbone Mining Ordinary shares USA 100 % 100 % 100 % ON Ordinary shares CDA 100 % 100 % 100 % Backbone USA Ordinary shares USA 100 % 100 % 100 % Excluding the mineral assets with a carrying amount of $7,200, substantially all of the other assets, liabilities, revenues, expenses and cash flows in the consolidated financial statements are those of Backbone, Backbone Argentina, Backbone Paraguay, Backbone Mining and of Volta. See Note 26 for geographic information of revenues and property, plant and equipment.

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share	12 Months Ended
	Dec. 31, 2021
Disclosure of Net Earnings (Loss) Per Share [Abstract]
NET EARNINGS (LOSS) PER SHARE	NOTE 23: NET EARNINGS (LOSS) PER SHARE Details of the number of shares and income (loss) used in the computation of net earnings (loss) per share: 2021 2020 Weighted average shares outstanding Net income attributable to the shareholders of the Company Weighted average shares outstanding Net income attributable to the shareholders of the Company Number of shares (in thousands) Number of shares (in thousands) Total shares for the calculation of basic earnings per share 157,652 — 84,915 — The effect of dilutive potential ordinary shares 11,741 — — — Total shares for the calculation of diluted earnings per share 169,393 — 84,915 — Net income (loss) for the calculation of basic and diluted earnings (loss) per share — $ 22,130 — $ (16,289 ) For the year ended December 31, 2020, potentially dilutive securities have not been included in the calculation of diluted earnings (loss) per share because their effect is antidilutive. The additional potentially dilutive securities that would have been included in the calculation for diluted earnings per share had their effect not been anti-dilutive, for the year ended December 31, 2020, would have totalled approximately 385,000. Year ended December 31, 2021 2020 Basic earnings (loss) per share 0.14 (0.19 ) Diluted earnings (loss) per share 0.13 (0.19 )

Share-Based Payment

Share-Based Payment	12 Months Ended
	Dec. 31, 2021
Disclosure of share-based payment arrangements [text block] [Abstract]
SHARE-BASED PAYMENT	NOTE 24: SHARE-BASED PAYMENT The share-based payment expense recognized in the financial statements for employee services received is as follows: December 31, 2021 2020 Equity-settled share-based payment plans $ 22,585 $ 2,201 The share-based payment transactions entered into between the Company and its employees and service providers during the year ended December 31, 2021 are described below. During the year ended December 31, 2021, the Board of Directors approved stock option grants to purchase 10,775,000 common shares in accordance with the stock option plans adopted on June 20, 2019 and May 18, 2021. All options issued to employees become exercisable when they vest and can be exercised for a period of 5 years from the date of the grant. In addition, the Board of Directors approved the grant of 200,000 Restricted Stock Units (RSUs) to certain members of senior management which vest ratably, on an annual basis, over a three-year period. The value of the RSUs on the grant date was $4.05 per unit. The inputs used to value the option grants using the Black-Scholes model are as follows: Grant date March, June 2, June 29, Nov. 19, Dec. 8, Dec. 24, Dividend yield (%) — — — — — — Expected share price volatility (%) 135 % 139 % 139 % 141 % 140 % 139 % Risk-free interest rate (%) 0.25 % 0.30 % 0.47 % 0.86 % 0.99 % 0.97 % Expected life of stock options (years) 3 3 3 3 3 3 Share price (CAD) 6.39 5.45 5.01 9.81 8.13 7.41 Exercise price (CAD) 6.39 5.45 5.01 9.81 8.13 7.41 Fair value of options (USD) 3.80 3.44 3.16 5.97 4.93 4.42 Vesting period (years) 2 1.5 1.5 1.5 1.5 1.5 Quantity of options granted 65,000 364,050 7,355,950 120,000 2,750,000 120,000 Details of the outstanding stock options as of December 31, 2021 and 2020, are as follows: 2021 2020 Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding, January 1, 8,100,221 0.72 8,345,000 1.06 Granted 10,775,000 5.91 5,224,600 0.65 Exercised (6,073,585 ) 1.27 (2,714,379 ) 0.75 Forfeited (251,225 ) 3.41 (1,860,000 ) 1.10 Expired (3,678 ) 0.99 (895,000 ) 0.96 Outstanding, December 31, 12,546,733 5.06 8,100,221 0.72 Exercisable, December 31, 5,675,558 4.57 4,717,551 1.16 The weighted average contractual life of the stock options as at December 31, 2021 was 4.3 years (December 31, 2020: 4 years).

Additional Details to the State

Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]
ADDITIONAL DETAILS TO THE STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE PROFIT OR LOSS	NOTE 25: ADDITIONAL DETAILS TO THE STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE PROFIT OR LOSS a. Additional details to the components of cost of sales expenses are as follows: Year ended December 31, 2021 2020 Energy and infrastructure $ 30,195 $ 18,299 Depreciation and amortization 24,476 11,486 Purchases of electrical components 1,973 1,138 Electrician salaries and payroll taxes 1,727 907 $ 58,371 $ 31,830 b. Additional details to the components of general and administrative expenses are as follows: Year ended December 31, 2021 2020 Salaries and share based payment $ 30,334 $ 4,864 Professional services 6,985 1,962 Advertising and promotion 174 38 Insurance and other 4,920 822 Travel, motor vehicle and meals 423 211 Hosting and telecommunications 402 353 $ 43,238 $ 8,250 c. Additional details to the components of net financial expenses are as follows: Year ended December 31, 2021 2020 Loss on revaluation of warrants $ 19,524 $ 3,876 Loss (gain) on embedded derivative 2,641 (973 ) Gain on disposition of marketable securities* (6,149 ) — Loss on currency exchange 647 238 Interest on long-term debt 1,907 5,335 Interest on lease liabilities 1,513 769 Warrant issuance costs 668 — Other financial expenses 252 141 $ 21,003 $ 9,386 * During the year ended December 31, 2021, the Company funded its expansion in Argentina through the acquisition of marketable securities and in-kind contribution of these securities to a subsidiary in Argentina that it controls. The subsequent disposition of these marketable securities in exchange for Argentine Pesos gave rise to a gain as the amount received in Pesos exceeds the amount of Pesos the Company would have received from a direct foreign currency exchange.

Geographical Information

Geographical Information	12 Months Ended
	Dec. 31, 2021
Disclosure of geographical areas [text block] [Abstract]
GEOGRAPHICAL INFORMATION	NOTE 26: GEOGRAPHICAL INFORMATION a. Revenues Year ended December 31, 2021 Canada $ 153,265 USA 16,226 $ 169,491 b. Property, Plant And Equipment December 31, 2021 Canada $ 83,402 USA 51,672 Argentina 665 Paraguay 1,111 $ 136,850

Additional Details to the Sta_2

Additional Details to the Statement of Cash Flows	12 Months Ended
	Dec. 31, 2021
Disclosure of cash flow statement [text block] [Abstract]
ADDITIONAL DETAILS TO THE STATEMENT OF CASH FLOWS	NOTE 27: ADDITIONAL DETAILS TO THE STATEMENT OF CASH FLOWS Year ended December 31, 2021 2020 Changes in working capital components: Decrease in trade receivables, net $ 64 $ 5 Decrease (increase) in other current assets (4,703 ) 898 Increase in electrical component inventory (379 ) (34 ) Decrease (increase) in long-term deposits (613 ) 206 Increase in trade payables and accrued liabilities 9,244 109 Increase in taxes payable 11,777 2,059 $ 15,390 $ 3,243 Significant non-cash transactions: Addition of right-of-use assets, property, plant and equipment and related lease liabilities $ 8,682 $ 5,878 Purchase of property, plant and equipment financed by short-term credit $ 2,802 $ 646 Extinguishment of warrant liability and long-term debt through share issuance $ 24,322 $ — Issuance of shares in connection with business combination $ 3,676 $ — Deferred tax recovery related to equity issuance costs $ 4,287 $ —

Comparative Figures

Comparative Figures	12 Months Ended
	Dec. 31, 2021
Disclosure of comparative information prepared under previous GAAP [text block] [Abstract]
COMPARATIVE FIGURES	NOTE 28: COMPARATIVE FIGURES Certain figures in the comparative period consolidated statements of financial position, consolidated statements of profit or loss and comprehensive profit or loss, consolidated statements of changes in equity and consolidated statements of cash flows have been reclassified to meet the current presentation.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Disclosure of events after reporting period [text block] [Abstract]
SUBSEQUENT EVENTS	NOTE 29: SUBSEQUENT EVENTS At-The-Market Equity Program During the period from January 1, 2022, to March 25, 2022, the Company issued 6,445,709 common shares in exchange for gross proceeds of $25,606 at an average share price of approximately 3.97 USD. The Company received net proceeds of $24,813 after paying commissions of $793 to the Company’s agent. See Note 18 for further details to the Company’s at-the-market equity program. Purchase of Digital Assets On January 6, 2022, the Company purchased 1,000 BTC for $43,237. Equipment Financing On February 24, 2022, the Company entered into a $32,000 equipment financing agreement with

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of presentation of the financial statements	a. Basis of presentation of the financial statements: The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB) (IFRS). The consolidated financial statements have been prepared on a cost basis, except for derivative financial instruments and digital assets that have been measured at fair value. The consolidated financial statements are presented in U.S. dollars and all values are rounded to the nearest thousand, except where otherwise indicated. The Company has elected to present the profit or loss items using the function of expense method.
The operating cycle	b. The operating cycle: The Company’s activities have a one year operating cycle. Accordingly, the assets and liabilities are classified in the statement of financial position as current assets and liabilities based on the Company’s operating cycle. The operating cycle of the Company is to mine digital assets and then routinely deposit them into custody, or convert them to fiat currency as needed.
Consolidated financial statements	c. Consolidated financial statements: These financial statements consolidate the Company’s subsidiaries from the date of acquisition until the date that control is lost. The subsidiaries are controlled by the Company, where control is achieved when the Company is exposed to or has the right to variable returns from its involvement with the investee and has the current ability to direct the activities of the investee that significantly affect the investee’s returns. The financial statements of the Company and its subsidiaries are prepared as of the same dates and periods. The consolidated financial statements are prepared using uniform accounting policies by all subsidiaries of the Company. Significant intercompany balances and transactions and gains or losses resulting from intercompany transactions are eliminated in full in the consolidated financial statements.
Business combinations	d. Business combinations Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date at fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Company elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in general and administrative expenses. The Company determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Company’s cash-generating units (CGUs) or group of CGUs that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units.
Function currency and presentation currency	e. Function currency and presentation currency: 1. Functional currency and presentation currency: The financial statements are presented in U.S. Dollars, which is the functional currency of the parent company, as well as the functional currency of Backbone, Backbone Argentina, Backbone Paraguay and Backbone Mining. The functional currency is the currency that best reflects the economic environment in which the Company operates and conducts its transactions. The functional currency of Volta, a Canadian subsidiary, is the Canadian dollar. The Company determines the functional currency of each subsidiary. Volta has a Canadian functional currency, and, as such, assets and liabilities are translated using the exchange rate in effect at each reporting date. Revenues and expenses are translated using the average exchange rates in effect for all periods presented. The resulting translation differences are included in other comprehensive income. The translation differences on foreign currency translation of Volta was immaterial for the years ended December 31, 2021 and December 31, 2020. 2. Transactions, assets and liabilities in foreign currency: Transactions in foreign currency are initially recorded at the exchange rate in effect on the transaction date. Monetary assets and liabilities in foreign currency are subsequently translated into the functional currency at the exchange rate in effect at each reporting date. Exchange rate differences, other than those capitalized to qualifying assets or carried to equity in hedging transactions, are included in profit or loss. Non-monetary assets and liabilities in foreign currency stated at cost are translated at the exchange rate in effect at the transaction date. Non-monetary assets and liabilities in foreign currency carried at fair value are translated at the exchange rate at the date on which the fair value was determined.
Revenue recognition	f. Revenue recognition: Revenue from contracts with customers is recognized when control over the goods or services is transferred to the customer. The transaction price is the amount of the consideration that is expected to be received based on the contract terms, excluding amounts collected on behalf of third parties (such as taxes). The following are the specific revenue recognition criteria which must be met before revenue is recognized: 1. Revenues from cryptocurrency mining: The Company has entered into contracts with mining pools and has undertaken the performance obligation of providing computing power to the mining pool in exchange for non-cash consideration in the form of cryptocurrency. The Company measures the non-cash consideration received at the fair market value of the cryptocurrency received. Management estimates fair value on a daily basis as the quantity of cryptocurrency received multiplied by the price quoted on www.coinmarketcap.com (“Coinmarketcap”) on the day it was received. Management considers the prices quoted on Coinmarketcap to be a level 2 input under IFRS 13 Fair Value Measurement. Any difference between the fair value of cryptocurrency recorded upon receipt from mining activities and the actual realized price upon disposal are recorded as a gain or loss on disposition of cryptocurrency. Cryptocurrency on hand at the end of a reporting period, if any, is classified as digital assets, and is accounted for under IAS 38 Intangible Assets, as an intangible asset with an indefinite useful life initially measured at cost, deemed to be the fair value upon receipt as described above, and subsequently measured under the revaluation model. Under the revaluation model, increases in the cryptocurrency’s carrying amount is recognized in other comprehensive income and under accumulated other comprehensive income in equity. However, increases are recognized in profit or loss to the extent that it reverses a revaluation decrease of cryptocurrency previously recognized in profit or loss. The fair value of cryptocurrency on hand at the end of the reporting period is calculated as the quantity of cryptocurrency on hand multiplied by price quoted on Coinmarketcap as at the reporting date. The Company reports cryptocurrency on hand at the end of the reporting period as digital assets, which are classified as current assets as management has determined that the cryptocurrency on hand at the end of the reporting period have markets with sufficient liquidity to allow conversion within the Company’s normal operating cycle. The Company presents cryptocurrency pledged as collateral separate from unencumbered cryptocurrency. 2. Revenues from hosting cryptocurrency mining equipment: The Company has entered into hosting contracts where it operates mining equipment on behalf of third parties within its facilities. Revenue from hosting contracts is measured as the Company meets its obligation of operating the hosted equipment over time. These contracts have been terminated as of December 31, 2021. 3. Revenue from electrical services: The Company, through Volta, sells electrical components and provides electrician installation for those components as well as repair and maintenance services. Revenues from providing services are recognized according to the stage of completion of the transaction as at the balance sheet date. The stage of completion is estimated based on the costs incurred for the transaction compared to the estimated cost of completion for the project. According to this method, revenues are recognized in the reporting period in which the services are provided. In the event that the outcome of the contract cannot be measured reliably, the revenues are recognized to the extent of the recoverable expenses incurred. Any amounts received in advance for future services to be provided are recorded as deferred revenues (contract liability), grouped with trade payables and accrued liabilities, and recognized as revenue in profit or loss when the services are rendered.
Income tax	g. Income tax: The income tax expense for the year comprises current and deferred taxes. These taxes are recognized in profit or loss, except to the extent that they relate to items which are recognized in other comprehensive income or loss or directly in shareholders’ equity. 1. Current taxes: The current tax liability is measured using the tax rates and tax laws that have been enacted or substantively enacted by the reporting date as well as adjustments required in connection with tax liabilities in respect of previous years. 2. Deferred taxes: Deferred taxes are computed in respect of temporary differences between the carrying amounts in the financial statements and the amounts attributed for tax purposes. Deferred taxes are measured at the tax rate that is expected to apply when the asset is realized, or the liability is settled, based on tax laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is not probable that they will be utilized. Deductible carryforward losses and temporary differences for which deferred tax assets had not been recognized are reviewed at each reporting date and a respective deferred tax asset is recognized to the extent that their utilization is probable. Taxes that would apply in the event of the disposal of investments in investees have not been taken into account in computing deferred taxes as long as the disposal of the investments in investees is not probable in the foreseeable future.
Leases	h. Leases: The accounting policy for leases is applied as follows: The Company assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Company as a lessee: The Company applies a single recognition and measurement approach for all leases except for short-term leases and leases of low-value assets. The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 1. Right-of-use assets: The Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated over the shorter of the lease term and the estimated useful lives of the assets, as follows: Asset Class Depreciation Method Depreciation period Leased premises Straight-line 4-10 years Vehicles and other Straight-line 3-5 years BVVE and Electrical components Sum of years 5 years If ownership of the leased asset transfers to the Company at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset and is classified with property plant and equipment. Refer to the accounting policies in section j Property, plant and equipment. The right-of-use assets are also subject to impairment. Refer to the accounting policies in section l, Impairment of non-financial assets. 2. Lease liabilities: At the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating the lease if the lease term reflects the Company exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. 3. Short-term leases and leases of low value assets: The Company applies the short-term lease recognition exemption to its short-term leases of machinery, equipment and farming facilities (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). The Company also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognized as expense on a straight-line basis over the lease term.
Assets held for sale	i. Assets held for sale: Non-currents assets or a disposal group are classified as held for sale if their carrying amount is expected to be recovered principally through a sale transaction rather than through continuing use. For this to be the case, the assets must be available for immediate sale in their present condition, the Company must be committed to their sale, there must be a program to locate a buyer, and it is highly probable that a sale will be completed within one year from the date of classification. From the date of such initial classification, these assets are no longer depreciated and are presented separately as current assets at the lower of their carrying amount and fair value less costs to sell. Other comprehensive income (loss) in respect to a non-current asset or a group of non-current assets that is classified as held for sale is presented separately in equity. When an entity no longer plans to sell an asset in a sale transaction, it ceases the classification of the asset as held for sale and measures it at the lower of its carrying amount had it not been classified as held for sale or the recoverable amount of the asset on the date of the decision not to sell the asset.
Property, plant and equipment	j. Property, plant and equipment: Property, plant and equipment are carried at cost, including directly attributable costs, less accumulated depreciation, accumulated impairment losses and any related investment grants, and excluding day-to-day servicing expenses. Cost includes spare parts and auxiliary equipment that are used in connection with plant and equipment. The cost of an item of property, plant and equipment comprises the initial estimate of the costs of dismantling and removing the item and restoring the site on which the item is located. Property, plant and equipment are depreciated as follows: Blockchain validation and verification equipment (“BVVE”) — Sum of years, declining over 5 years Mineral assets * — Units of production method Electrical equipment — Sum of years, declining over 5 years Leasehold improvements — See below Buildings — Declining balance, 4% Vehicles — Declining balance, 30% * Since the acquisition of mineral assets in 2018, there has been no production. Leasehold improvements are depreciated on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement. The useful life, depreciation method and residual value of an asset are reviewed at least each year-end and any changes are accounted for prospectively as a change in accounting estimate. Depreciation of an asset ceases at the earlier of the date that the asset is classified as held for sale and the date that the asset is derecognized. The sum of years depreciation method is calculated as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Rate 5/15 4/15 3/15 2/15 1/15 Percentage 33.33% 26.67% 20.00% 13.33% 6.67%
Intangible assets	k. Intangible assets: Intangible assets acquired separately are initially measured at cost plus direct acquisition costs. Intangible assets acquired in business combinations are measured at their fair value as at the acquisition date. Intangible assets with a finite useful life are amortized over their useful lives using the sum of years method and are reviewed for impairment whenever there is an indication that the asset may be impaired. The amortization period and the amortization method for an intangible asset are reviewed at least at each year end. Intangible assets consist of acquired software and a below market lease acquired in a business combination used in the Company’s cryptocurrency mining operations. Intangible assets are amortized as follows: Computer software — Sum of years, declining over 5 years Favourable lease — See below Software: The Company’s assets include computer systems comprised of hardware and software. Certain hardware comes pre-installed with firmware. Without this firmware, the hardware could not function and therefore both the hardware and firmware are classified within property plant and equipment. In contrast, stand-alone software that adds functionality to the hardware is classified as an intangible asset. The sum of years depreciation method for computer software is calculated as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Rate 5/15 4/15 3/15 2/15 1/15 Percentage 33.33% 26.67% 20.00% 13.33% 6.67% Favourable lease: The favourable lease acquired during the business acquisition described in Note 4 is depreciated on a straight-line basis over the the lease term. l. Impairment of non-financial assets: The Company evaluates the need to record an impairment of non-financial assets whenever events or changes in circumstances indicate that the carrying amount is not recoverable. If the carrying amount of non-financial assets exceeds their recoverable amount, the assets are reduced to their recoverable amount. The recoverable amount is the higher of fair value less costs of sale and value in use. In measuring value in use, the expected future cash flows are discounted using a pre-tax discount rate that reflects the risks specific to the asset. The recoverable amount of an asset that does not generate independent cash flows is determined for the CGU to which the asset belongs. Impairment losses are recognized in profit or loss. An impairment loss of an asset, other than goodwill, is reversed only if there have been changes in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. Reversal of an impairment loss, as above, shall not be increased above the lower of the carrying amount that would have been determined (net of depreciation or amortization) had no impairment loss been recognized for the asset in prior years and its recoverable amount. The reversal of impairment loss of an asset presented at cost is recognized in profit or loss.
Financial instruments	m. Financial instruments: 1. Financial assets: Initial recognition and measurement: Financial assets are initially measured at fair value plus transaction costs that can be directly attributed to the acquisition of the financial asset, except in the case of a financial asset measured at fair value through profit or loss in respect of which transaction costs are charged to profit or loss. Subsequent measurement: Financial assets at amortized cost are subsequently measured using the effective interest rate (EIR) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. The Company’s financial assets at amortized cost includes trade receivables and certain items included in other assets. Net changes in financial assets measured at fair value are recognized in the statement of profit or loss. A derivative embedded in a hybrid contract, with a financial liability or non-financial host, is separated from the host and accounted for as a separate derivative if: the economic characteristics and risks are not closely related to the host; a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative; and the hybrid contract is not measured at fair value through profit or loss. Embedded derivatives are measured at fair value with changes in fair value recognized in profit or loss. This category includes the embedded derivative arising from the repayment terms of the Dominion loan described in Note 14. Reassessment only occurs if there is either a change in the terms of the contract that significantly modifies the cash flows that would otherwise be required or a reclassification of a financial asset out of the fair value through profit or loss category. Impairment: The Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Company expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. For trade receivables and contract assets, the Company applies a simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Company has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. 2. Financial liabilities: Initial recognition and measurement: Financial liabilities are classified at initial recognition at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Company’s financial liabilities include trade payables and accrued liabilities, credit facility and long-term debt. Subsequent measurement: Financial liabilities are either measured at fair value through profit or loss or at amortized cost. Financial liabilities at fair value through profit or loss included a warrant liability, subject to the amendment of the warrant terms as described in Note 14 and the warrants issued in the private placements described in Note 18. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the effective interest rate (EIR) method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as financial expenses in the statement of profit or loss. This category generally applies to interest-bearing loans and borrowings. 3. Derecognition of financial assets: Financial assets are derecognized when the contractual rights to receive the cash flows from the financial asset expire, or when the Company transfers the contractual rights to receive the cash flows from the financial asset or assumes an obligation to pay the cash flows received in full to a third party without significant delay. 4. Derecognition of financial liabilities: Financial liabilities are derecognized when and only when they are extinguished - that is, when the obligation defined in the contract is fulfilled, cancelled or expires. A financial liability is fulfilled when the debtor repays the liability by paying cash; providing other financial assets, goods or services, or is otherwise legally released from the liability.
Fair value measurement	n. Fair value measurement: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurement is based on the assumption that the transaction will take place in the asset’s or the liability’s principal market, or in the absence of a principal market, in the most advantageous market. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Fair value measurement of non-financial assets takes into account the ability of a market participant to derive economic benefits from the asset through its best use, or by selling it to another market participant capable of using the asset to its best use. Assets and liabilities measured at fair value, or whose fair value is disclosed are classified into categories within the fair value hierarchy, based on the lowest level input that is significant to the overall fair value measurement: Level 1 — Unadjusted quoted prices in an active market of identical assets and liabilities Level 2 — Non-quoted prices included in Level 1 that are either directly or indirectly observable Level 3 — Data that is not based on observable market information, such as valuation techniques without the use of observable market data
Provisions	o. Provisions: Under IAS 37, provisions represent liabilities to the Company for which the amount or timing is uncertain. Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligations and the amounts can be reliably estimated. When the Company expects that part or all of the expense will be refunded, such as an insurance claim, the refund will be recognized as a separate asset only on the date when there is certainty of receiving the asset. The expense will be recognized in the statement of profit or loss net of the expected refund. Asset retirement provisions: These provisions relate to Backbone’s legal obligation, in relation to its leased properties, to restore the properties to their original condition at the end of the lease period. The provisions are calculated at the present value of the expected costs to settle the obligations using estimated future cash flows discounted at a rate that reflects the risks specific to the obligations. Changes in the estimated future costs, or in the discount rate applied, are recorded as an adjustment of the cost of the related asset. Lawsuits: A provision for legal claims against the Company is recorded when the Company has a present legal or constructive obligation as a result of past events, and that is more likely than not to be settled with an outflow of economic resources that can be measured reliably.
Shared-based transactions	p. Shared-based transactions: Certain employees of the Company are entitled to benefits by way of share-based payment settled with equity instruments. Transactions settled with equity instruments: The cost of employee services paid in equity instruments is measured at the fair value of the equity instruments as at the grant date. The fair value is determined using a generally accepted option pricing model. Equity settled transactions with other services providers is measured at the fair value of the goods or services received in return for the equity instruments. The cost of equity-settled transactions is recognized in profit or loss together with a corresponding increase in contributed surplus during the period which the performance and/or service conditions are to be satisfied and ending on the date on which the relevant employees become entitled to the award (“the vesting period”). The cumulative expense recognized for equity-settled transactions at the end of each reporting period until the vesting date reflects the extent to which the vesting period has expired and management’s best estimate of the number of equity instruments that will ultimately vest. Expenses related to grants that do not vest are not recognized, except for grants whose vesting is contingent on market conditions that are treated as vested regardless of these conditions, assuming all other vesting conditions (service and/or performance) were met. When the Company modifies the terms of equity-settled transactions, an additional expense is recognized, calculated as the increase in the fair value of the compensation granted in excess of the original expense, on the date of the modification. Cancellation of equity settlement that has not vested is treated as if it had vested on the date of cancellation, with the unrecognized expense recognized immediately. However, if the cancellation is subsequently replaced by a new agreement and is designated as an alternative settlement, then it is treated as a modification of the original agreement as described above.
Earnings per share	q. Earnings per share: Earnings per share is calculated by dividing the net income attributable to the Company’s shareholders by the weighted average number of common shares outstanding during the period. Potential common shares are included in the calculation of diluted earnings per share if their effect dilutes earnings per share from continuing operations. Potential common shares that were converted during the period are included in diluted earnings per share only up to the conversion date, and from that date are included in basic earnings per share.
Share capital	r. Share capital: Share capital represents the amount received on the issuance of shares, less issuance costs (net of tax).
Employee benefits	s. Employee benefits: The cost of short-term employee benefits is recognized in the period in which the services are rendered.
Issue of a unit of securities	t. Issue of a unit of securities: The issue of a unit of securities involves the allocation of the proceeds received before issue expenses to the securities issued in the unit based on the following order: financial derivatives and other financial instruments measured at fair value in each period. Then fair value is determined for financial liabilities that are measured at amortized cost. The proceeds allocated to equity instruments are determined to be the residual amount. Issue costs are allocated to each component pro rata to the amounts determined for each component in the unit.

Reporting Entity and Liquidity

Reporting Entity and Liquidity (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Reporting Entity Basis Of Presentation And Liquidity [Abstract]
Schedule of financial statements	1 Backbone Backbone Hosting Solutions Inc. 2 Volta 9159-9290 Quebec Inc. 3 Backbone Argentina Backbone Hosting Solutions SAU 4 Backbone Paraguay Ankara Suites S.A 5 Backbone Mining Backbone Mining Solutions LLC 6 BTC Bitcoin 7 BVVE Blockchain Verification and Validation Equipment (including miners) 8 CAD Canadian Dollars 9 ARS Argentine Pesos

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Significant Accounting Policies [Abstract]
Schedule of right-of-use assets	Asset Class Depreciation Method Depreciation period Leased premises Straight-line 4-10 years Vehicles and other Straight-line 3-5 years BVVE and Electrical components Sum of years 5 years
Schedule of property, plant and equipment	Blockchain validation and verification equipment (“BVVE”) — Sum of years, declining over 5 years Mineral assets * — Units of production method Electrical equipment — Sum of years, declining over 5 years Leasehold improvements — See below Buildings — Declining balance, 4% Vehicles — Declining balance, 30%
Schedule of years depreciation method	Year 1 Year 2 Year 3 Year 4 Year 5 Rate 5/15 4/15 3/15 2/15 1/15 Percentage 33.33% 26.67% 20.00% 13.33% 6.67% Year 1 Year 2 Year 3 Year 4 Year 5 Rate 5/15 4/15 3/15 2/15 1/15 Percentage 33.33% 26.67% 20.00% 13.33% 6.67%
Schedule of intangible assets	Computer software — Sum of years, declining over 5 years Favourable lease — See below

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Business Combination [Abstract]
Schedule of fair values of the identifiable assets	November 9, 2021 Consideration transferred Cash paid at closing $ 23,000 Value of 414,508 common shares transferred at closing 3,676 Fair value of total consideration transferred $ 26,676 Recognized amounts of identifiable assets acquired Electrical components $ 7,081 Buildings 755 Land 85 Intangible assets - favorable lease 1,800 Total identifiable assets acquired $ 9,721 Goodwill $ 16,955

Cash (Tables)

Cash (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Cash [Abstract]
Schedule of cash	December 31, December 31, 2021 2020 Cash in USD $ 120,846 $ 3,277 Cash in USD held in trust 322 — Cash in CAD 3,475 2,670 Cash in ARS 952 — $ 125,595 $ 5,947

Trade Receivables (Tables)

Trade Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Trade Receivables [Abstract]
Schedule of credit risk trade receivables	Trade receivables aging 1-30 days 31 - 60 days 61 - 90 days >91 days Allowance Total Gross carrying amount $ 441 $ 382 $ 73 $ 260 $ (118 ) $ 1,038

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of other assets [text block] [Abstract]
Schedule of other assets	December 31, December 31, 2021 2020 Electrical component inventory $ 548 $ 169 Sales taxes receivable 1,980 297 Prepaid expenses and other 3,202 203 Insurance refund (Note 9c) and other receivable 697 — $ 6,427 $ 669

Digital Assets (Tables)

Digital Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Digital Assets [Abstract]
Schedule of Bitcoin transactions and the corresponding values	Year ended December 31, 2021 2020 Quantity Value Quantity Value Balance as of January 1, — $ — — $ — Bitcoin mined* 3,453 164,393 3,014 31,125 Bitcoin exchanged for cash and services (105 ) (4,841 ) (2,641 ) (27,467 ) Bitcoin exchanged for long-term debt repayment (47 ) (1,546 ) (373 ) (3,586 ) Gain (Loss) on disposition of Bitcoin — (289 ) — 88 Prior period accounting policy change — — — (160 ) Revaluation of digital assets — (4,861 ) — — Balance of digital assets as of December 31, 3,301 152,856 — — Less digital assets pledged as collateral as of December 31,** (1,875 ) (86,825 ) — — Balance of digital assets excluding digital assets pledged as collateral as of December 31, 1,426 $ 66,031 — $ —

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of property, plant and equipment [Abstract]
Schedule of property, plant and equipment	BVVE and electrical components Mineral assets Land and buildings Leasehold improvements Vehicles Total Cost: Balance as of January 1, 2021 $ 52,676 $ 9,000 $ 3,263 $ 2,707 $ 448 $ 68,094 Additions through business combination (Note 4) 7,081 — 840 — — 7,921 Additions during the period 114,323 — 470 3,265 136 118,194 Dispositions during the period (6,146 ) — (24 ) (189 ) (37 ) (6,396 ) Transfer to assets held for sale (11,287 ) — — — — (11,287 ) Balance as of December 31, 2021 156,647 9,000 4,549 5,783 547 176,526 Balance as of January 1, 2020 54,127 9,000 2,721 2,415 381 68,644 Additions during the period 9,548 — 542 306 80 10,476 Dispositions during the period (10,999 ) — — (14 ) (13 ) (11,026 ) Balance as of December 31, 2020 52,676 9,000 3,263 2,707 448 68,094 Accumulated Depreciation: Balance as of January 1, 2021 30,042 — 185 1,861 213 32,301 Depreciation 22,233 — 104 396 79 22,812 Dispositions during the period (5,172 ) — (3 ) (148 ) (28 ) (5,351 ) Transfer to assets held for sale (10,026 ) — — — — (10,026 ) Impairment — 1,800 — — — 1,800 Impairment reversal (1,311 ) — — (549 ) — (1,860 ) Balance as of December 31, 2021 35,766 1,800 286 1,560 264 39,676 Balance as of January 1, 2020 28,976 — 101 1,641 152 30,870 Depreciation 9,762 — 84 234 68 10,148 Dispositions during the period (8,696 ) — — (14 ) (7 ) (8,717 ) Balance as of December 31, 2020 30,042 — 185 1,861 213 32,301 Net book value as of December 31, 2021 $ 120,881 $ 7,200 $ 4,263 $ 4,223 $ 283 $ 136,850 December 31, 2020 $ 22,634 $ 9,000 $ 3,078 $ 846 $ 235 $ 35,793
Schedule of quantity of BVVE held by the company	MicroBT Whatsminer (BTC)* Bitmain S19j Pro Innosilicon T3 & T2T (BTC)** Canaan Avalon A10 (BTC) Other Bitmain Antminers (BTC)*** Total Quantity as of January 1, 2021 8,394 — 6,446 1,024 11,244 27,108 Additions during the period 10,397 7,172 — — — 17,569 Dispositions during the period (116 ) — — — (3,171 ) (3,287 ) Quantity as of December 31, 2021 18,675 7,172 6,446 1,024 8,073 41,390

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Intangible Assets [Abstract]
Schedule of intangible Assets	Systems software Favourable lease Total Cost: Balance as of January 1, 2021 $ 5,150 $ — $ 5,150 Additions through business combination (Note 4) — 1,800 1,800 Balance as of December 31, 2021 5,150 1,800 6,950 Balance as of January 1, 2020 5,088 — 5,088 Additions 62 — 62 Balance as of December 31, 2020 5,150 — 5,150 Accumulated amortization and impairment : Balance as of January 1, 2021 4,773 — 4,773 Amortization 235 261 496 Balance as of December 31, 2021 5,008 261 5,269 Balance as of January 1, 2020 4,422 — 4,422 Amortization 351 — 351 Balance as of December 31, 2020 4,773 — 4,773 Net book value as of December 31, 2021 $ 142 $ 1,539 $ 1,681 December 31, 2020 $ 377 $ — $ 377

Long-Term Deposits, Equipment_2

Long-Term Deposits, Equipment Prepayments, Other and Commitments (Tables)	12 Months Ended
	Dec. 31, 2021
Long Term Deposits And Advance Payments On Equipment [Abstract]
Schedule of long-term deposits, equipment prepayments, other and commitments	December 31, December 31, 2021 2020 VAT receivable* $ 2,067 $ — Security deposits for energy, insurance and rent 1,555 942 Equipment prepayments 83,059 31 $ 86,681 $ 973 * See note 19d for further details to the Company’s foreign currency risk on VAT receivable in Argentine Pesos.
Schedule of antminer miners are outlined	December 31, 2021 Three months ending March 31, 2022 $ 45,642 Three months ending June 30, 2022 44,239 Three months ending September 30, 2022 28,391 Three months ending December 31, 2022 13,890 $ 132,162

Trade Payables and Accrued Li_2

Trade Payables and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Trade Payables and Accrued Liabilities [Abstract]
Schedule of trade payables and accrued liabilities	December 31, December 31, 2021 2020 Trade accounts payable and accrued liabilities $ 9,873 $ 2,059 Government remittances 4,607 637 $ 14,480 $ 2,696

Credit Facility (Tables)

Credit Facility (Tables)	12 Months Ended
	Dec. 31, 2021
Credit Facility [Abstract]
Schedule of credit facility	December 31, 2021 Revolving credit facility $ 60,000 Interest payable on revolving credit facility 2 $ 60,002

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of borrowings [text block] [Abstract]
Schedule of long-term debt	December 31, December 31, 2021 2020 Dominion Capital loan $ — $ 17,092 Equipment financing 11,039 — Volta note payable 128 253 Total long-term debt 11,167 17,345 Less current portion of long-term debt (10,257 ) (17,171 ) Non-current portion of long-term debt $ 910 $ 174
Schedule of equipment financing and balance of the loans and the net book value (NBV)	Maturity date Rate Monthly Long-term NBV of Collateral* Blockfills loan #1 August 2022 22.2 % $ 92 $ 648 $ 1,022 1,000 Blockfills loan #2 September 2022 17.8 % 134 1,067 1,722 2,000 Blockfills loan #3 October 2022 18.6 % 67 574 973 1,000 Foundry loan #1 September 2022 18.6 % 551 4,620 7,917 1,465 Foundry loan #2 March 2023 16.5 % 102 1,294 1,911 300 Foundry loan #3 April 2023 16.5 % 95 1,287 1,591 300 Foundry loan #4 May 2023 16.5 % 108 1,549 1,862 400 Total $ 1,149 $ 11,039 $ 16,998 6,465

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of leases [text block] [Abstract]
Schedule of right-of-use assets and lease liabilities	Leased premises Vehicles Other equipment Total ROU assets Lease liabilities As at January 1, 2021 $ 5,129 $ 180 $ 84 $ 5,393 $ 11,023 Additions and extensions to ROU assets 5,713 205 21 5,939 5,911 Additions to property, plant and equipment — — — — 7,786 Depreciation (1,040 ) (99 ) (29 ) (1,168 ) — Lease termination (764 ) (3 ) — (767 ) (892 ) Lease liabilities converted to long-term debt — — — — (3,904 ) Payments — — — — (5,746 ) Issuance of warrants — — — — (2,160 ) Interest — — — — 1,513 Foreign exchange — — — — 42 As at December 31, 2021 $ 9,038 $ 283 $ 76 $ 9,397 $ 13,573 Less current portion of lease liabilities (4,346 ) Non-current portion of lease liabilities $ 9,227
Schedule of inputs used to value the grant using the Black-Scholes model	Grant date May 11, Dividend yield (%) — Expected share price volatility (%) 139 % Risk-free interest rate (%) 0.05 % Expected life of warrants (years) 1.00 Share price (CAD) 6.04 Exercise price (USD) 0.40 USD Fair value of warrants (USD) 4.62 USD Quantity of warrants granted* 468,013

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Income Taxes [Abstract]
Schedule of taxes included in profit or loss	Year ended December 31, 2021 2020 Current tax expense: Current year $ 12,358 $ 310 Prior year (693 ) (138 ) Deferred tax expense: Current year 8,665 — Prior year 177 — $ 20,507 $ 172
Schedule of effective tax rate	2021 Income tax expense at statutory rate of 26.5% $ 11,299 Increase in taxes resulting from: Foreign rate differential 383 Prior year (516 ) Non-deductible expenses and other 12,996 Deferred tax asset previously not recognized (3,655 ) $ 20,507

Share Capital (Tables)

Share Capital (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Share Capital [Abstract]
Schedule of share capital	Authorized Issued and outstanding at December 31, December 31, December 31, Number of shares Common shares of no par value Unlimited 194,805,893 88,939,359
Schedule of outstanding warrants	2021 2020 Number of Weighted Number of Weighted warrants price (USD) warrants price (USD) Outstanding, January 1, 6,052,918 $ 0.41 6,716,668 $ 0.44 Granted 40,332,368 3.36 336,250 0.40 Exercised (26,957,489 ) 3.43 (1,000,000 ) 0.40 Outstanding, December 31, 19,427,797 $ 4.16 6,052,918 $ 0.41
Schedule of black Scholes model and the inputs below were used in determining the values of the warrants	Remeasurement on settlement of warrant liability Exercise date January 7, January 25, February 11, Dividend yield (%) — — — Expected share price volatility (%) 131 % 138 % 136 % Risk-free interest rate (%) 0.25 % 0.25 % 0.25 % Expected life of warrants (years) 0.92 0.42 0.71 Share price (CAD) 3.00 3.25 4.40 Exercise price (CAD) 0.51 0.39 0.51 Fair value of warrants (USD) — — — Quantity of warrants exercised 250,000 1,666,667 916,667 Initial recognition Remeasurement on settlement of warrant liability Measurement date January 7, 2021 February 16, February 22, February 26, Dividend yield (%) — — — — Expected share price volatility (%) 132 % 137 % 141 % 141 % Risk-free interest rate (%) 0.25 % 0.25 % 0.25 % 0.25 % Expected life of warrants (years) 0.5 0.38 0.38 0.38 Share price (CAD) 2.50 4.67 6.55 5.45 Exercise price (CAD) 2.75 2.75 2.75 2.75 Fair value of warrants (USD) 0.65 1.88 3.24 2.44 Quantity of warrants exercised 8,888,889 888,889 5,000,000 3,000,000
Schedule of company private placements	Closing Date January 7, January 14, February 10, May 20, Gross proceeds (CAD) 20,000,000 20,000,000 40,000,000 75,000,000 Common shares issued 8,888,889 5,586,593 11,560,695 14,150,944 Warrants issued* 8,888,889 5,586,593 11,560,695 10,613,208 Warrant strike price 2.75 CAD 3.10 USD 3.01 USD 4.87 USD Warrant life (years) 3 3.5 3.5 3 Commission paid 8 % 8 % 8 % 8 % Broker warrants issued* 711,111 446,927 924,586 1,132,076 Broker warrant strike price 2.81 CAD 3.53 USD 3.39 USD 5.49 USD Broker warrant life (years) 3 3.5 3.5 3

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Financial Instruments [Abstract]
Schedule of financial assets at amortized cost	December 31, 2021 2020 Trade receivables, net $ 1,038 $ 1,103
Schedule of financial liabilities at amortized cost	December 31, 2021 2020 Trade payables and accrued liabilities $ 14,480 $ 2,696 Credit facility 60,002 — Long-term debt 11,167 17,345 Lease liabilities 13,573 11,023 $ 99,222 $ 31,064
Schedule of consolidated statements of financial position	December 31, 2021 2020 CAD ARS CAD ARS Cash $ 3,475 $ 952 $ 2,670 $ — Other assets 4,374 23 500 — Trade receivables 1,038 — 923 — Long-term deposits, equipment prepayments and other 902 2,067 — — Trade payables and accrued liabilities (4,964 ) (718 ) (2,449 ) — Taxes payable (10,226 ) (1,659 ) (316 ) — Deferred tax liability (8,462 ) — — — Long-term debt (126 ) — (253 ) — Lease liabilities (9,678 ) — (5,957 ) — Asset retirement provision (239 ) — (209 ) — $ (23,906 ) $ 665 $ (5,091 ) $ —
Schedule of financial obligations with contractual maturities	December 31, 2021 2022 $ 73,950 2023 896 2024 and thereafter 40 $ 74,886
Schedule of financial obligations with contractual maturities	December 31, 2021 2022 $ 5,431 2023 2,553 2024 1,820 2025 1,692 2026 and thereafter 6,023 $ 17,519
Schedule of movement in long-term debt	December 31, 2021 2020 Balance as of January 1, $ 17,345 $ 15,723 Conversion of lease liabilities 3,904 — Issuance of long-term debt 14,227 84 Payments (22,382 ) (3,673 ) Interest on long-term debt 1,883 5,335 Conversion of long-term debt and loan modification (5,000 ) (124 ) Derecognition of embedded derivative 1,190 — $ 11,167 $ 17,345

Transactions and Balances wit_2

Transactions and Balances with Related Parties (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Transactions and Balances with Related Parties [Abstract]
Schedule of balances with related parties	December 31, December 31, 2021 2020 Trade payables and accrued liabilities: Directors’ remuneration $ 19 $ 31 Director and senior management incentive plan 1,465 — $ 1,484 $ 31 Lease liabilities: Companies controlled by directors $ 1,357 $ 1,695
Schedule of consolidated statements of profit or loss and comprehensive profit and loss	Year ended December 31, 2021 2020 General and administrative expenses $ 625 $ 379 Net financial expenses 126 145 $ 751 $ 524
Schedule of compensation of key management and directors	Year ended December 31, 2021 2020 Short-term benefits* $ 5,004 $ 1,326 Share-based payments 21,174 1,611 $ 26,178 $ 2,937

Subsidiaries (Tables)

Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Subsidiaries [Abstract]
Schedule of legal owner of backbone mining solutions	Company name Security type Main place of business Securities Equity Voting AU Ordinary shares USA 100 % 100 % 100 % Pembroke Ordinary shares USA 100 % 100 % 100 % Volta Ordinary shares CDA 100 % 100 % 100 % Backbone Ordinary shares CDA 100 % 100 % 100 % Backbone Argentina Ordinary shares ARG 100 % 100 % 100 % Backbone Paraguay Ordinary shares PAR 100 % 100 % 100 % Backbone Mining Ordinary shares USA 100 % 100 % 100 % ON Ordinary shares CDA 100 % 100 % 100 % Backbone USA Ordinary shares USA 100 % 100 % 100 %

Net Earnings (Loss) Per Share (

Net Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of Net Earnings (Loss) Per Share [Abstract]
Shedule of basic and diluted per share	2021 2020 Weighted average shares outstanding Net income attributable to the shareholders of the Company Weighted average shares outstanding Net income attributable to the shareholders of the Company Number of shares (in thousands) Number of shares (in thousands) Total shares for the calculation of basic earnings per share 157,652 — 84,915 — The effect of dilutive potential ordinary shares 11,741 — — — Total shares for the calculation of diluted earnings per share 169,393 — 84,915 — Net income (loss) for the calculation of basic and diluted earnings (loss) per share — $ 22,130 — $ (16,289 )
Schedule of basic and diluted per share	Year ended December 31, 2021 2020 Basic earnings (loss) per share 0.14 (0.19 ) Diluted earnings (loss) per share 0.13 (0.19 )

Share-Based Payment (Tables)

Share-Based Payment (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of share-based payment arrangements [text block] [Abstract]
Schedule of expense recognized in the financial statements for employee services received	December 31, 2021 2020 Equity-settled share-based payment plans $ 22,585 $ 2,201
Schedule of inputs used to value the option grants using the black-scholes model	Grant date March, June 2, June 29, Nov. 19, Dec. 8, Dec. 24, Dividend yield (%) — — — — — — Expected share price volatility (%) 135 % 139 % 139 % 141 % 140 % 139 % Risk-free interest rate (%) 0.25 % 0.30 % 0.47 % 0.86 % 0.99 % 0.97 % Expected life of stock options (years) 3 3 3 3 3 3 Share price (CAD) 6.39 5.45 5.01 9.81 8.13 7.41 Exercise price (CAD) 6.39 5.45 5.01 9.81 8.13 7.41 Fair value of options (USD) 3.80 3.44 3.16 5.97 4.93 4.42 Vesting period (years) 2 1.5 1.5 1.5 1.5 1.5 Quantity of options granted 65,000 364,050 7,355,950 120,000 2,750,000 120,000
Schedule of outstanding stock options	2021 2020 Number of Weighted Average Exercise Price Number of Weighted Average Exercise Price Outstanding, January 1, 8,100,221 0.72 8,345,000 1.06 Granted 10,775,000 5.91 5,224,600 0.65 Exercised (6,073,585 ) 1.27 (2,714,379 ) 0.75 Forfeited (251,225 ) 3.41 (1,860,000 ) 1.10 Expired (3,678 ) 0.99 (895,000 ) 0.96 Outstanding, December 31, 12,546,733 5.06 8,100,221 0.72 Exercisable, December 31, 5,675,558 4.57 4,717,551 1.16

Additional Details to the Sta_3

Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Schedule of cost of sales expenses	Year ended December 31, 2021 2020 Energy and infrastructure $ 30,195 $ 18,299 Depreciation and amortization 24,476 11,486 Purchases of electrical components 1,973 1,138 Electrician salaries and payroll taxes 1,727 907 $ 58,371 $ 31,830
Schedule of general and administrative expenses	Year ended December 31, 2021 2020 Salaries and share based payment $ 30,334 $ 4,864 Professional services 6,985 1,962 Advertising and promotion 174 38 Insurance and other 4,920 822 Travel, motor vehicle and meals 423 211 Hosting and telecommunications 402 353 $ 43,238 $ 8,250
Schedule of net financial expenses	Year ended December 31, 2021 2020 Loss on revaluation of warrants $ 19,524 $ 3,876 Loss (gain) on embedded derivative 2,641 (973 ) Gain on disposition of marketable securities* (6,149 ) — Loss on currency exchange 647 238 Interest on long-term debt 1,907 5,335 Interest on lease liabilities 1,513 769 Warrant issuance costs 668 — Other financial expenses 252 141 $ 21,003 $ 9,386

Geographical Information (Table

Geographical Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of geographical areas [text block] [Abstract]
Schedule of revenues	Year ended December 31, 2021 Canada $ 153,265 USA 16,226 $ 169,491
Schedule of property, plant and equipment	December 31, 2021 Canada $ 83,402 USA 51,672 Argentina 665 Paraguay 1,111 $ 136,850

Additional Details to the Sta_4

Additional Details to the Statement of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of cash flow statement [text block] [Abstract]
Schedule of additional details to the statement of cash flows	Year ended December 31, 2021 2020 Changes in working capital components: Decrease in trade receivables, net $ 64 $ 5 Decrease (increase) in other current assets (4,703 ) 898 Increase in electrical component inventory (379 ) (34 ) Decrease (increase) in long-term deposits (613 ) 206 Increase in trade payables and accrued liabilities 9,244 109 Increase in taxes payable 11,777 2,059 $ 15,390 $ 3,243 Significant non-cash transactions: Addition of right-of-use assets, property, plant and equipment and related lease liabilities $ 8,682 $ 5,878 Purchase of property, plant and equipment financed by short-term credit $ 2,802 $ 646 Extinguishment of warrant liability and long-term debt through share issuance $ 24,322 $ — Issuance of shares in connection with business combination $ 3,676 $ — Deferred tax recovery related to equity issuance costs $ 4,287 $ —

Reporting Entity and Liquidit_2

Reporting Entity and Liquidity (Details) - Schedule of financial statements	12 Months Ended
	Dec. 31, 2021
Backbone Hosting Solutions Inc. [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	Backbone
9159-9290 Quebec Inc. [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	Volta
Backbone Hosting Solutions SAU [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	Backbone Argentina
Ankara Suites S.A [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	Backbone Paraguay
Backbone Mining Solutions LLC [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	Backbone Mining
Bitcoin [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	BTC
Blockchain Verification and Validation Equipment (including miners) [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	BVVE
Canadian Dollars [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	CAD
Argentine Pesos [Member]
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	ARS

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets	12 Months Ended
	Dec. 31, 2021
Leased premises [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets [Line Items]
Depreciation Method	Straight-line
Leased premises [Member] | Minimum [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets [Line Items]
Depreciation period	4 years
Leased premises [Member] | Maximum [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets [Line Items]
Depreciation period	10 years
Vehicles and other [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets [Line Items]
Depreciation Method	Straight-line
Vehicles and other [Member] | Minimum [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets [Line Items]
Depreciation period	3 years
Vehicles and other [Member] | Maximum [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets [Line Items]
Depreciation period	5 years
BVVE and Electrical components [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of right-of-use assets [Line Items]
Depreciation Method	Sum of years
Depreciation period	5 years

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies (Details) - Schedule of property, plant and equipment	12 Months Ended
	Dec. 31, 2021
Blockchain validation and verification equipment (“BVVE”) [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of property, plant and equipment [Line Items]
Description of property, plant and equipment depreciation	Sum of years, declining over 5 years
Mineral assets [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of property, plant and equipment [Line Items]
Description of property, plant and equipment depreciation	Units of production method	[1]
Electrical equipment [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of property, plant and equipment [Line Items]
Description of property, plant and equipment depreciation	Sum of years, declining over 5 years
Leasehold improvements [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of property, plant and equipment [Line Items]
Description of property, plant and equipment depreciation	See below
Buildings [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of property, plant and equipment [Line Items]
Description of property, plant and equipment depreciation	Declining balance, 4%
Vehicles [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of property, plant and equipment [Line Items]
Description of property, plant and equipment depreciation	Declining balance, 30%
[1]	Since the acquisition of mineral assets in 2018, there has been no production.

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method	12 Months Ended
	Dec. 31, 2021
Year 1 [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	5/15
Percentage	33.33%
Year 1 [Member] | Computer software [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	5/15
Percentage	33.33%
Year 2 [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	4/15
Percentage	26.67%
Year 2 [Member] | Computer software [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	4/15
Percentage	26.67%
Year 3 [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	3/15
Percentage	20.00%
Year 3 [Member] | Computer software [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	3/15
Percentage	20.00%
Year 4 [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	2/15
Percentage	13.33%
Year 4 [Member] | Computer software [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	2/15
Percentage	13.33%
Year 5 [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	1/15
Percentage	6.67%
Year 5 [Member] | Computer software [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	1/15
Percentage	6.67%

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policies (Details) - Schedule of intangible assets	12 Months Ended
	Dec. 31, 2021
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of intangible assets [Line Items]
Favourable lease	See below
Computer Software [Member]
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of intangible assets [Line Items]
Intangible assets life	Sum of years, declining over 5 years

Significant Accounting Judgme_2

Significant Accounting Judgments and Estimates (Details)	12 Months Ended
	Dec. 31, 2021
Disclosure of Significant Accounting Judgments and Estimates [Abstract]
Lease assets, descriptions	The Company has the option under some of its leases to lease the assets for additional terms of three to ten years.

Business Combination (Details)

Business Combination (Details)	Nov. 09, 2021USD ($)shares
Disclosure of Business Combination [Abstract]
Consideration transferred amount	$ 26,676,000
Cash consideration	$ 23,000,000
Business combination common shares (in Shares) | shares	414,508
Common shares value	$ 3,676,000
Services amount	2,000,000
Lease payments	$ 110,000
Explanation of possibility of reimbursement, contingent liabilities in business combination	$7,690
Increase through adjustments arising from passage of time, contingent liabilities recognised in business combination	$ 3,907

Business Combination (Details)

Business Combination (Details) - Schedule of fair values of the identifiable assets - USD ($) $ in Thousands	Nov. 09, 2021	Dec. 31, 2021	Dec. 31, 2020
Consideration transferred
Cash paid at closing	$ 23,000
Value of 414,508 common shares transferred at closing	3,676
Fair value of total consideration transferred	26,676
Recognized amounts of identifiable assets acquired
Electrical components	7,081	$ 548	$ 169
Buildings	755
Land	85
Intangible assets - favorable lease	1,800
Total identifiable assets acquired	9,721
Goodwill	$ 16,955

Cash (Details) - Schedule of ca

Cash (Details) - Schedule of cash - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Cash (Details) - Schedule of cash [Line Items]
Cash	$ 125,595	$ 5,947
USD [Member]
Cash (Details) - Schedule of cash [Line Items]
Cash	120,846	3,277
USD held in trust [Member]
Cash (Details) - Schedule of cash [Line Items]
Cash	322
CAD [Member]
Cash (Details) - Schedule of cash [Line Items]
Cash	3,475	2,670
ARS [Member]
Cash (Details) - Schedule of cash [Line Items]
Cash	$ 952

Trade Receivables (Details)

Trade Receivables (Details)	12 Months Ended
	Dec. 31, 2019
Bottom of range [Member]
Trade Receivables (Details) [Line Items]
Trade receivables terms	30 days
Top of range [Member]
Trade Receivables (Details) [Line Items]
Trade receivables terms	90 days

Trade Receivables (Details) - S

Trade Receivables (Details) - Schedule of credit risk trade receivables $ in Thousands	Dec. 31, 2021USD ($)
Trade Receivables (Details) - Schedule of credit risk trade receivables [Line Items]
Gross carrying amount	$ 1,038
1-30 days [Member]
Trade Receivables (Details) - Schedule of credit risk trade receivables [Line Items]
Gross carrying amount	441
30 – 60 days [Member]
Trade Receivables (Details) - Schedule of credit risk trade receivables [Line Items]
Gross carrying amount	382
61 – 90 days [Member]
Trade Receivables (Details) - Schedule of credit risk trade receivables [Line Items]
Gross carrying amount	73
>91 days [Member]
Trade Receivables (Details) - Schedule of credit risk trade receivables [Line Items]
Gross carrying amount	260
Allowance for ECL [Member]
Trade Receivables (Details) - Schedule of credit risk trade receivables [Line Items]
Gross carrying amount	$ (118)

Other Assets (Details) - Schedu

Other Assets (Details) - Schedule of other assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Nov. 09, 2021
Schedule of other assets [Abstract]
Electrical component inventory	$ 548	$ 169	$ 7,081
Sales taxes receivable	1,980	297
Prepaid expenses and other	3,202	203
Insurance refund (Note 9c) and other receivable	697
Total	$ 6,427	$ 669

Digital Assets (Details) - Sche

Digital Assets (Details) - Schedule of Bitcoin transactions and the corresponding values $ in Thousands		Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Schedule of Bitcoin transactions and the corresponding values [Abstract]
Quantity beginning balance
Value beginning balance
Bitcoin mined, Quantity	[1]	3,453	3,014
Bitcoin mined, Value	[1]	$ 164,393	$ 31,125
Bitcoin exchanged for cash and services, Quantity		(105)	(2,641)
Bitcoin exchanged for cash and services, Value		$ (4,841)	$ (27,467)
Bitcoin exchanged for long-term debt repayment, Quantity		(47)	(373)
Bitcoin exchanged for long-term debt repayment, Value		$ (1,546)	$ (3,586)
Gain (Loss) on disposition of Bitcoin, Quantity
Gain (Loss) on disposition of Bitcoin, Value		$ (289)	$ 88
Prior period accounting policy change, Quantity
Prior period accounting policy change, Value			$ (160)
Revaluation of digital assets, Quantity
Revaluation of digital assets, Value		$ (4,861)
Ending balance of digital assets, Quantity		3,301
Ending balance of digital assets, Value		$ 152,856
Less digital assets pledged as collateral as of December 31, Quantity	[2]	(1,875)
Less digital assets pledged as collateral as of December 31, Value	[2]	$ (86,825)
Balance of digital assets excluding digital assets pledged as collateral as of December 31, Quantity		1,426
Balance of digital assets excluding digital assets pledged as collateral as of December 31, Value		$ 66,031
[1]	Management estimates the fair value of Bitcoin mined on a daily basis as the quantity of cryptocurrency received multiplied by the price quoted on www.coinmarketcap.com (“Coinmarketcap”) on the day it was received. Management considers the prices quoted on Coinmarketcap to be a level 2 input under IFRS 13 Fair Value Measurement.
[2]	See Note 13 for details of the Company’s credit facility and Bitcoin pledged as collateral.

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2018
Disclosure of property, plant and equipment [Abstract]
Impairment loss		$ 16,465
Remaining useful life		1 year 6 months
Impairment reversal	$ 890	$ 970
Assets held for sale	$ 1,860
weighted average daily revenue per terahash (in Dollars per share)	$ 0.22
Discount rate	18.30%
Accounts payable and accrued liabilities (in Dollars per share)	$ 0.04
Net book value	$ 5,422
Carrying value of suffered fire damage	780
Reimbursement from insurer	$ 685
Mineral assets description	The appraiser’s valuation report was based on the comparison method and the analysis of similar assets. Following certain adjustments resulting from changes in the price of iron ore, among other variables, Suni’s value at April 12, 2018 was estimated at $9,000. The independent appraiser was engaged also to determine Suni’s fair value as at December 31, 2021 and 2020. Using the same valuation techniques, the appraiser determined that the value of Suni was $7,700 on December 31, 2021, or $7,200 reflecting estimated costs to sell, compared to $9,000 on December 31, 2020 which resulted in impairment of $1,800 to Suni’s value. The fair value measurement is categorized as level 2 in the fair value hierarchy.

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - Schedule of property, plant and equipment - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	$ 68,094	$ 68,644
Net book value as of
Additions through business combination	7,921
Additions during the period	118,194	10,476
Dispositions during the period	(6,396)	(11,026)
Transfer to assets held for sale	(11,287)
Balance	176,526	68,094
Accumulated Depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	32,301	30,870
Net book value as of
Depreciation	22,812	10,148
Dispositions during the period	(5,351)	(8,717)
Transfer to assets held for sale	(10,026)
Impairment	1,800
Impairment reversal	(1,860)
Balance	39,676	32,301
Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	35,793
Net book value as of
Balance	136,850	35,793
BVVE and electrical components [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	52,676	54,127
Net book value as of
Additions through business combination	7,081
Additions during the period	114,323	9,548
Dispositions during the period	(6,146)	(10,999)
Transfer to assets held for sale	(11,287)
Balance	156,647	52,676
BVVE and electrical components [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	30,042	28,976
Net book value as of
Depreciation	22,233	9,762
Dispositions during the period	(5,172)	(8,696)
Transfer to assets held for sale	(10,026)
Impairment reversal	(1,311)
Balance	35,766	30,042
BVVE and electrical components [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	22,634
Net book value as of
Balance	120,881	22,634
Mineral assets [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	9,000	9,000
Net book value as of
Additions through business combination
Additions during the period
Dispositions during the period
Transfer to assets held for sale
Balance	9,000	9,000
Mineral assets [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance
Net book value as of
Depreciation
Dispositions during the period
Transfer to assets held for sale
Impairment	1,800
Impairment reversal
Balance	1,800
Mineral assets [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	9,000
Net book value as of
Balance	7,200	9,000
Land and buildings [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	3,263	2,721
Net book value as of
Additions through business combination	840
Additions during the period	470	542
Dispositions during the period	(24)
Transfer to assets held for sale
Balance	4,549	3,263
Land and buildings [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	185	101
Net book value as of
Depreciation	104	84
Dispositions during the period	(3)
Transfer to assets held for sale
Impairment reversal
Balance	286	185
Land and buildings [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	3,078
Net book value as of
Balance	4,263	3,078
Leasehold improvements [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	2,707	2,415
Net book value as of
Additions through business combination
Additions during the period	3,265	306
Dispositions during the period	(189)	(14)
Transfer to assets held for sale
Balance	5,783	2,707
Leasehold improvements [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	1,861	1,641
Net book value as of
Depreciation	396	234
Dispositions during the period	(148)	(14)
Transfer to assets held for sale
Impairment reversal	(549)
Balance	1,560	1,861
Leasehold improvements [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	846
Net book value as of
Balance	4,223	846
Vehicles [Member] | Cost [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	448	381
Net book value as of
Additions through business combination
Additions during the period	136	80
Dispositions during the period	(37)	(13)
Transfer to assets held for sale
Balance	547	448
Vehicles [Member] | Accumulated Depreciation [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	213	152
Net book value as of
Depreciation	79	68
Dispositions during the period	(28)	(7)
Transfer to assets held for sale
Impairment reversal
Balance	264	213
Vehicles [Member] | Net book value [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance	235
Net book value as of
Balance	$ 283	$ 235

Property, Plant and Equipment_4

Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company [Line Items]
Quantity opening balance	$ 27,108
Quantity ending balance	41,390
Additions during the period	17,569
Dispositions during the period	(3,287)
MicroBT Whatsminer (BTC) [Member]
Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company [Line Items]
Quantity opening balance	8,394	[1]
Quantity ending balance	18,675	[1]
Additions during the period	10,397	[1]
Dispositions during the period	(116)	[1]
Bitmain S19j Pro [Member]
Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company [Line Items]
Quantity opening balance
Quantity ending balance	7,172
Additions during the period	7,172
Dispositions during the period
Innosilicon T3 & T2T (BTC) [Member]
Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company [Line Items]
Quantity opening balance	6,446	[2]
Quantity ending balance	6,446	[2]
Additions during the period		[2]
Dispositions during the period		[2]
Canaan Avalon A10 (BTC) [Member]
Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company [Line Items]
Quantity opening balance	1,024
Quantity ending balance	1,024
Additions during the period
Dispositions during the period
Other Bitmain Antminers (BTC) [Member]
Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company [Line Items]
Quantity opening balance	11,244	[3]
Quantity ending balance	8,073	[3]
Additions during the period		[3]
Dispositions during the period	$ (3,171)	[3]
[1]	Includes 4,311 M20S, 2,062 M30S, 6,391 M31S and 5,911 M31S+ miners
[2]	Includes 5,082 T3 and 1,364 T2T miners
[3]	Includes 1,645 Antminer T15 and 368 Antminer S15, and 6,060 Antminer S9 miners that were classified as assets held for sale as described in Note 9b.

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cost:
Beginning Balance	$ 5,150,000	$ 5,088,000
Additions	1,800,000	62,000
Ending Balance	6,950,000	5,150,000
Accumulated amortization and impairment :
Beginning Balance	4,773,000	4,422,000
Amortization	496,000	351,000
Ending Balance	5,269,000	4,773,000
Net book value as of
Ending Balance	1,681,000	377,000
Systems Software [Member]
Cost:
Beginning Balance	5,150	5,088
Additions		62
Ending Balance	5,150	5,150
Accumulated amortization and impairment :
Beginning Balance	4,773	4,422
Amortization	235	351
Ending Balance	5,008	4,773
Net book value as of
Ending Balance	142	377
Favourable Lease [Member]
Cost:
Beginning Balance
Additions	1,800,000
Ending Balance	1,800,000
Accumulated amortization and impairment :
Beginning Balance
Amortization	261,000
Ending Balance	261,000
Net book value as of
Ending Balance	$ 1,539,000

Long-Term Deposits, Equipment_3

Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Long Term Deposits And Advance Payments On Equipment [Abstract]
Deposits	$ 83,059
Lease agreement description	The Company also entered into one ten-year lease agreement for a future facility in Quebec, with monthly payments totaling $64 ($81,500 CAD) which is expected to commence the first quarter of 2022.

Long-Term Deposits, Equipment_4

Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of long-term deposits, equipment prepayments, other and commitments - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of long-term deposits, equipment prepayments, other and commitments [Abstract]
VAT receivable	$ 2,067
Security deposits for energy, insurance and rent	1,555	942
Equipment prepayments	83,059	31
Total long term deposits	$ 86,681	$ 973

Long-Term Deposits, Equipment_5

Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined [Line Items]
Remaining payment obligation	$ 132,162
Three months ending March 31, 2022 [Member]
Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined [Line Items]
Remaining payment obligation	45,642
Three months ending June 30, 2022 [Member]
Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined [Line Items]
Remaining payment obligation	44,239
Three months ending September 30, 2022 [Member]
Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined [Line Items]
Remaining payment obligation	28,391
Three months ending December 31, 2022 [Member]
Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined [Line Items]
Remaining payment obligation	$ 13,890

Trade Payables and Accrued Li_3

Trade Payables and Accrued Liabilities (Details) - Schedule of trade payables and accrued liabilities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of trade payables and accrued liabilities [Abstract]
Trade accounts payable and accrued liabilities	$ 9,873	$ 2,059
Government remittances	4,607	637
Total	$ 14,480	$ 2,696

Credit Facility (Details)

Credit Facility (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 30, 2021	Dec. 31, 2021
Credit Facility [Abstract]
Credit facility amount	$ 100,000
Facility bears interest	10.75%
Unused fees	0.75%
Unused portion credit facility	$ 100,000
Credit facility, description		The facility is secured by Bitcoin, with the minimum value of Bitcoin pledged as collateral calculated as 143% of the amount borrowed. The Company is required to contribute additional collateral to the Facility Lender any time the value of the Bitcoin pledged as collateral is below 133% of the amount borrowed. The Company also has the right to require the Facility Lender to return any Bitcoin when the value of the Bitcoin pledged as collateral exceeds 143% of the amount borrowed. A substantial decrease in Bitcoin price may result in the Company being unable to meet the minimum Bitcoin collateral requirements, which could result in the disposition of the Company’s Bitcoin pledged as collateral by the Facility Lender, or repayment of the facility in fiat currency on demand. The Company is exposed to counterparty risk as it is reliant on the Facility Lender to return the Bitcoin collateral upon extinguishment of the credit facility.
Company nets assets, description		a.25% or more compared to the previous month b.50% or more compared to three months ago c.50% or more compared to any calendar month in the immediately preceding calendar year
Drawn credit facility		$ 60,000
Fair market value		$ 86,825

Credit Facility (Details) - Sch

Credit Facility (Details) - Schedule of credit facility $ in Thousands	Dec. 31, 2021USD ($)
Schedule of credit facility [Abstract]
Revolving credit facility	$ 60,000
Interest payable on revolving credit facility	2
Total credit facility	$ 60,002

Long-Term Debt (Details)

Long-Term Debt (Details) $ / shares in Units, $ in Thousands	Mar. 15, 2019USD ($)	May 31, 2021shares	Apr. 30, 2021shares	Feb. 28, 2021USD ($)shares	Jan. 31, 2021USD ($)shares	Sep. 30, 2020	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)shares
Long-Term Debt (Details) [Line Items]
Number of tranches	4
Tranche bears interest	10.00%
Effective interest rates							10.00%
Interest expense, loan (in Dollars)							$ 472	$ 5,315
Proceeds from warrants (in Dollars)							259,174	$ 54
Loan agreements shares | shares		4,000
Reclassified from lease liabilities debt (in Dollars)							$ 3,904
Dominion Capital LLC [Member]
Long-Term Debt (Details) [Line Items]
Secured debt (in Dollars)	$ 20,000
Tranches loan (in Dollars)	$ 5,000
Tranche bears interest	10.00%						10.00%
Term of loan tranche	24 months
Loan payments monthly due percentage	10.00%
Convertable loan per share (in Dollars per share) | $ / shares							$ 0.59
Loan's maturity date							2021-06
Convertible debt (in Dollars)					$ 5,000
Common shares issued | shares					8,474,577
Dominion Capital LLC [Member] | Bottom of range [member]
Long-Term Debt (Details) [Line Items]
Loan's maturity date, description						In September 2020, the Company entered into an agreement with Dominion Capital to amend the maturity date of tranche #2 from April 2021 to November 2021.
Warrants [Member]
Long-Term Debt (Details) [Line Items]
Warrant shares issued | shares							1,666,667	6,666,668
Warrant acquire shares | shares							1,666,667
Exercise price of per share (in Dollars per share) | $ / shares							$ 0.4
Expiration date							5 years
Aggregate of lender warrants | shares								6,666,668
Warrant exercises | shares					5,416,668		1,666,667	1,250,000
Warrants issuance | shares				5,251,223	5,251,223		1,501,222
Proceeds from warrants (in Dollars)				$ 1,500	$ 1,500
Net financial expenses (in Dollars)							$ 2,466
Foundry Loans [Member]
Long-Term Debt (Details) [Line Items]
Loan agreements shares | shares		2,465	2,465
Loan Tranche [Member]
Long-Term Debt (Details) [Line Items]
Tranche bears interest	10.00%
Tranche First [Member]
Long-Term Debt (Details) [Line Items]
Effective interest rates							26.93%
Tranche second [Member]
Long-Term Debt (Details) [Line Items]
Effective interest rates							30.16%
Tranche Third [Member]
Long-Term Debt (Details) [Line Items]
Effective interest rates							37.10%
Tranche Fourth [Member]
Long-Term Debt (Details) [Line Items]
Effective interest rates							38.02%
Embedded Derivative [Member]
Long-Term Debt (Details) [Line Items]
Net financial expenses (in Dollars)							$ 2,641	$ (973)

Long-Term Debt (Details) - Sche

Long-Term Debt (Details) - Schedule of long-term debt - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of long-term debt [Abstract]
Dominion Capital loan		$ 17,092
Equipment financing	11,039
Volta note payable	128	253
Total long-term debt	11,167	17,345
Less current portion of long-term debt	(10,257)	(17,171)
Non-current portion of long-term debt	$ 910	$ 174

Long-Term Debt (Details) - Sc_2

Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Mar. 15, 2019
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Rate			10.00%
Monthly repayment		$ 1,149
Long-term debt balance		11,039
NBV of Collateral		16,998
Collateral	[1]	$ 6,465
Blockfills loan #1 [Member]
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Maturity date		2022-08
Rate		22.20%
Monthly repayment		$ 92
Long-term debt balance		648
NBV of Collateral		1,022
Collateral	[1]	$ 1,000
Blockfills loan #2 [Member]
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Maturity date		2022-09
Rate		17.80%
Monthly repayment		$ 134
Long-term debt balance		1,067
NBV of Collateral		1,722
Collateral	[1]	$ 2,000
Blockfills loan #3 [Member]
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Maturity date		2022-10
Rate		18.60%
Monthly repayment		$ 67
Long-term debt balance		574
NBV of Collateral		973
Collateral	[1]	$ 1,000
Foundry loan #1 [Member]
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Maturity date		2022-09
Rate		18.60%
Monthly repayment		$ 551
Long-term debt balance		4,620
NBV of Collateral		7,917
Collateral	[1]	$ 1,465
Foundry loan #2 [Member]
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Maturity date		2023-03
Rate		16.50%
Monthly repayment		$ 102
Long-term debt balance		1,294
NBV of Collateral		1,911
Collateral	[1]	$ 300
Foundry loan #3 [Member]
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Maturity date		2023-04
Rate		16.50%
Monthly repayment		$ 95
Long-term debt balance		1,287
NBV of Collateral		1,591
Collateral	[1]	$ 300
Foundry loan #4 [Member]
Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV) [Line Items]
Maturity date		2023-05
Rate		16.50%
Monthly repayment		$ 108
Long-term debt balance		1,549
NBV of Collateral		1,862
Collateral	[1]	$ 400
[1]	Represents the quantity of Whatsminers received in connection with the equipment financing and pledged as collateral for the related loan.

Leases (Details)

Leases (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases (Details) [Line Items]
Lease liabilities	$ 3,904,000
Property, plant and equipment	136,850,000	$ 35,793,000
Property, plant and equipment net value	$ 5,422,000
Warrants issued (in Shares)	468,013
Exercise price	$ 0.4
Total cost	2,160,000
Mining Hardware [Member]
Leases (Details) [Line Items]
Property, plant and equipment	$ 3,000,000

Leases (Details) - Schedule of

Leases (Details) - Schedule of right-of-use assets and lease liabilities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases (Details) - Schedule of right-of-use assets and lease liabilities [Line Items]
Additions to property, plant and equipment	$ 41,390	$ 27,108
Depreciation	(8,682)	(5,878)
Interest	1,513	769
Foreign exchange	647	238
Less current portion of lease liabilities	(4,346)	(3,626)
Non-current portion of lease liabilities	9,227	7,397
Total ROU assets [Member]
Leases (Details) - Schedule of right-of-use assets and lease liabilities [Line Items]
As at January 1, 2021	5,393
Additions and extensions to ROU assets	5,939
Additions to property, plant and equipment
Depreciation	(1,168)
Lease termination	(767)
Lease liabilities converted to long-term debt
Payments
Issuance of warrants
Interest
Foreign exchange
As at December 31, 2021	9,397	5,393
Lease liabilities [Member]
Leases (Details) - Schedule of right-of-use assets and lease liabilities [Line Items]
As at January 1, 2021	11,023
Additions and extensions to ROU assets	5,911
Additions to property, plant and equipment	7,786
Depreciation
Lease termination	(892)
Lease liabilities converted to long-term debt	(3,904)
Payments	(5,746)
Issuance of warrants	(2,160)
Interest	1,513
Foreign exchange	42
As at December 31, 2021	13,573	11,023
Less current portion of lease liabilities	(4,346)
Non-current portion of lease liabilities	9,227
Leased premises [Member]
Leases (Details) - Schedule of right-of-use assets and lease liabilities [Line Items]
As at January 1, 2021	5,129
Additions and extensions to ROU assets	5,713
Additions to property, plant and equipment
Depreciation	(1,040)
Lease termination	(764)
Lease liabilities converted to long-term debt
Payments
Issuance of warrants
Interest
Foreign exchange
As at December 31, 2021	9,038	5,129
Vehicles [Member]
Leases (Details) - Schedule of right-of-use assets and lease liabilities [Line Items]
As at January 1, 2021	180
Additions and extensions to ROU assets	205
Additions to property, plant and equipment
Depreciation	(99)
Lease termination	(3)
Lease liabilities converted to long-term debt
Payments
Issuance of warrants
Interest
Foreign exchange
As at December 31, 2021	283	180
Other equipment [Member]
Leases (Details) - Schedule of right-of-use assets and lease liabilities [Line Items]
As at January 1, 2021	84
Additions and extensions to ROU assets	21
Additions to property, plant and equipment
Depreciation	(29)
Lease termination
Lease liabilities converted to long-term debt
Payments
Issuance of warrants
Interest
Foreign exchange
As at December 31, 2021	$ 76	$ 84

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of inputs used to value the grant using the Black-Scholes model - May 11, 2021	USD ($)$ / sharesshares	$ / shares
Schedule of inputs used to value the grant using the Black-Scholes model [Abstract]
Dividend yield
Expected share price volatility	139.00%
Risk-free interest rate	0.05%
Expected life of warrants	1 year
Share price (in Dollars per share)		$ 6.04
Exercise price (in Dollars per share)	$ 0.4
Fair value of warrants (in Dollars) | $	$ 4,620
Quantity of warrants granted (in Shares) | shares	468,013

Income Taxes (Details)

Income Taxes (Details) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2021ARS ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020ARS ($)
Disclosure of Income Taxes [Abstract]
Deferred tax rate	26.50%
Deferred tax liability	$ 8,451,000
Deferred tax asset	3,896	$ (23,906)	$ 665	$ (5,091)
Deferred tax recovery	$ 4,287

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of taxes included in profit or loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of taxes included in profit or loss [Abstract]
Current year	$ 12,358	$ 310
Prior year	(693)	(138)
Current year	8,665
Prior year	177
Tax total	$ 20,507	$ 172

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of effective tax rate $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Schedule of effective tax rate [Abstract]
Income tax expense at statutory rate of 26.5%	$ 11,299
Increase in taxes resulting from:
Foreign rate differential	383
Prior year	(516)
Non-deductible expenses and other	12,996
Deferred tax asset previously not recognized	(3,655)
Total	$ 20,507

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of effective tax rate (Parentheticals)	12 Months Ended
	Dec. 31, 2021
Schedule of effective tax rate [Abstract]
Statutory rate	26.50%

Asset Retirement Provision (Det

Asset Retirement Provision (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Disclosure of Asset Retirement Provision [Abstract]
Lease terms amount	$ 391,000
Present value	$ 319,000
Discount rate percentage	8.00%
Asset retirement provision	$ 80
Due maturity date	12 months

Share Capital (Details)

Share Capital (Details)	1 Months Ended								12 Months Ended
	Aug. 31, 2021USD ($)shares	Aug. 16, 2021USD ($)	May 31, 2021CAD ($)shares	Mar. 31, 2021USD ($)shares	Feb. 28, 2021USD ($)shares	Feb. 28, 2021CAD ($)shares	Jan. 31, 2021USD ($)shares	Jan. 31, 2021CAD ($)shares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)	May 20, 2021shares	Feb. 10, 2021shares		Jan. 07, 2021shares	[1]
Share Capital (Details) [Line Items]
Conversion of debt (in Dollars) | $							$ 5,000,000
Common shares							8,474,577
Warrants outstanding					5,251,223	5,251,223	5,251,223	5,251,223
Common shares proceeds (in Dollars) | $					$ 1,500,000		$ 1,500,000
Warrant exercises Description					The warrant exercises described above include the cashless exercise of 1,666,667 warrants resulting in the issuance of 1,501,222 common shares.	The warrant exercises described above include the cashless exercise of 1,666,667 warrants resulting in the issuance of 1,501,222 common shares.
Non-cash loss on revaluation of warrants (in Dollars) | $									$ 2,466,000	$ 3,876,000
Issue capital common shares	5,404,625			5,027,933	9,504,000	9,504,000			20,736,558
Warrants share issued					8,888,889	8,888,889					10,613,208	11,560,695	[1]
Broken warrant issued					615,111	615,111
Broken warrants related to private placement					711,111	711,111			20,736,558
Proceeds from common shares	$ 16,268,000			$ 15,587,000	$ 20,611,000	$ 26,172,000			$ 55,178,000
Warrants related to private placements	5,404,625			5,027,933
Market Equity Program [Member]
Share Capital (Details) [Line Items]
Issue capital common shares									23,922,928
Proceeds from common shares | $									$ 150,296,000
Receiving aggregate proceeds (in Dollars) | $		$ 500,000
Share price (in Dollars per share) | $ / shares									$ 6
Net proceeds (in Dollars) | $									$ 145,601,000
Agent commission (in Dollars) | $									4,509,000
Other transaction costs (in Dollars) | $									186,000
Private Placements [Member]
Share Capital (Details) [Line Items]
Non-cash loss on revaluation of warrants (in Dollars) | $									17,058,000
Number of private placement			4		4	4	4
Total gross proceeds (in Dollars) | $			$ 155,000,000			$ 155,000,000		$ 155,000,000
Issue capital common shares			40,187,121	800,000	40,187,121	40,187,121	40,187,121	40,187,121
Warrants to purchase common shares			36,649,385		36,649,385	36,649,385	36,649,385	36,649,385
Warrants share issued												5,586,593		8,888,889
Broken warrant issued				800,000
Broken warrants related to private placement				924,586
Proceeds from common shares | $				$ 2,712,000
Employee Stock Options [Member]
Share Capital (Details) [Line Items]
Proceeds from common shares | $									$ 6,177,000
Employees exercised stock option									6,073,585
Other common shares									1,771
Additional common shares									414,508
[1]	All warrants issued are for the purchase of one common share in the Company

Share Capital (Details) - Sched

Share Capital (Details) - Schedule of share capital - shares	Dec. 31, 2021	May 20, 2021	Feb. 10, 2021	Dec. 31, 2020
Schedule of share capital [Abstract]
Common shares authorized	Unlimited
Common shares issued and outstanding	194,805,893	14,150,944	11,560,695	88,939,359

Share Capital (Details) - Sch_2

Share Capital (Details) - Schedule of outstanding warrants - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number of warrants [Member]
Share Capital (Details) - Schedule of outstanding warrants [Line Items]
Number of warrants Outstanding beginning	6,052,918	6,716,668
Number of warrants Granted	40,332,368	336,250
Number of warrants Exercised	(26,957,489)	(1,000,000)
Number of warrants Outstanding ending	19,427,797	6,052,918
Weighted average exercise price [Member]
Share Capital (Details) - Schedule of outstanding warrants [Line Items]
Weighted average exercise price Outstanding beginning	$ 0.41	$ 0.44
Weighted average exercise price Granted	3.36	0.4
Weighted average exercise price Exercised	3.43	0.4
Weighted average exercise price Outstanding ending	$ 4.16	$ 0.41

Share Capital (Details) - Sch_3

Share Capital (Details) - Schedule of Black scholes model and the inputs below were used in determining the values of the warrants	Feb. 26, 2021$ / sharesshares	Feb. 26, 2021$ / sharesshares	Feb. 22, 2021$ / sharesshares	Feb. 22, 2021$ / sharesshares	Feb. 16, 2021$ / sharesshares	Feb. 16, 2021$ / sharesshares	Feb. 11, 2021$ / sharesshares	Feb. 11, 2021$ / sharesshares	Jan. 25, 2021$ / sharesshares	Jan. 25, 2021$ / sharesshares	Jan. 07, 2021$ / sharesshares	Jan. 07, 2021$ / sharesshares
Share Capital (Details) - Schedule of Black scholes model and the inputs below were used in determining the values of the warrants [Line Items]
Dividend yield (%)
Expected share price volatility (%)	141.00%	141.00%	141.00%	141.00%	137.00%	137.00%	136.00%	136.00%	138.00%	138.00%	131.00%	131.00%
Risk-free interest rate (%)	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%
Expected life of warrants (years)	4 months 17 days	4 months 17 days	4 months 17 days	4 months 17 days	4 months 17 days	4 months 17 days	8 months 15 days	8 months 15 days	5 months 1 day	5 months 1 day	11 months 1 day	11 months 1 day
Share price (CAD) (in Dollars per share)		$ 5.45		$ 6.55		$ 4.67		$ 4.4		$ 3.25		$ 3
Exercise price (CAD) (in Dollars per share)		$ 2.75		$ 2.75		$ 2.75		$ 0.51		$ 0.39		$ 0.51
Fair value of warrants (USD) (in Dollars per share)	$ 2.44		$ 3.24		$ 1.88
Quantity of warrants exercised (in Shares) | shares	3,000,000	3,000,000	5,000,000	5,000,000	888,889	888,889	916,667	916,667	1,666,667	1,666,667	250,000	250,000
Initial recognition [Member]
Share Capital (Details) - Schedule of Black scholes model and the inputs below were used in determining the values of the warrants [Line Items]
Dividend yield (%)
Expected share price volatility (%)											132.00%	132.00%
Risk-free interest rate (%)											0.25%	0.25%
Expected life of warrants (years)											6 months	6 months
Share price (CAD) (in Dollars per share)												$ 2.5
Exercise price (CAD) (in Dollars per share)												$ 2.75
Fair value of warrants (USD) (in Dollars per share)											$ 0.65
Quantity of warrants exercised (in Shares) | shares											8,888,889	8,888,889

Share Capital (Details) - Sch_4

Share Capital (Details) - Schedule of company private placements	Feb. 10, 2021$ / shares	Jan. 07, 2021CAD ($)$ / sharesshares		May 20, 2021$ / shares	Feb. 10, 2021$ / shares	Dec. 31, 2021shares	May 20, 2021CAD ($)shares	Feb. 28, 2021shares	Feb. 10, 2021CAD ($)shares		Dec. 31, 2020shares
Share Capital (Details) - Schedule of company private placements [Line Items]
Gross proceeds (CAD) (in Dollars and Dollars) | $							$ 75,000,000		$ 40,000,000
Common shares issued						194,805,893	14,150,944		11,560,695		88,939,359
Warrants issued							10,613,208	8,888,889	11,560,695	[1]
Warrant strike price (in Dollars per share and Dollars per share) | $ / shares	$ 3.01			$ 4.87	$ 3.01
Warrant life (years)							3 years		3 years 6 months
Commission paid				8.00%	8.00%
Broker warrants issued							1,132,076		924,586	[1]
Broker warrant strike price (in Dollars per share and Dollars per share) | $ / shares	3.39			$ 5.49	$ 3.39
Broker warrant life (years)							3 years		3 years 6 months
Private Placements [Member]
Share Capital (Details) - Schedule of company private placements [Line Items]
Gross proceeds (CAD) (in Dollars and Dollars) | $		$ 20,000,000							$ 20,000,000
Common shares issued		8,888,889							5,586,593
Warrants issued		8,888,889	[1]						5,586,593
Warrant strike price (in Dollars per share and Dollars per share) | (per share)	$ 3.1	$ 2.75			3.1
Warrant life (years)		3 years							3 years 6 months
Commission paid	8.00%	8.00%
Broker warrants issued		711,111	[1]						446,927
Broker warrant strike price (in Dollars per share and Dollars per share) | (per share)	$ 3.53	$ 2.81			$ 3.53
Broker warrant life (years)		3 years							3 years 6 months
[1]	All warrants issued are for the purchase of one common share in the Company

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Financial Instruments [Abstract]
Increase or decrease of retained earning	$ 1,162	$ 255

Financial Instruments (Detail_2

Financial Instruments (Details) - Schedule of financial assets at amortized cost - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of financial assets at amortized cost [Abstract]
Trade receivables, net	$ 1,038	$ 1,103

Financial Instruments (Detail_3

Financial Instruments (Details) - Schedule of financial liabilities at amortized cost - Financial Liabilities [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial Instruments (Details) - Schedule of financial liabilities at amortized cost [Line Items]
Trade payables and accrued liabilities	$ 14,480	$ 2,696
Credit facility	60,002
Long-term debt	11,167	17,345
Lease liabilities	13,573	11,023
Total	$ 99,222	$ 31,064

Financial Instruments (Detail_4

Financial Instruments (Details) - Schedule of consolidated statements of financial position $ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2021ARS ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020ARS ($)
Schedule of consolidated statements of financial position [Abstract]
Cash		$ 3,475	$ 952		$ 2,670
Other assets		4,374	23		500
Trade receivables		1,038			923
Long-term deposits, equipment prepayments and other		902	2,067
Trade payables and accrued liabilities	$ (14,480,000)	(4,964)	(718)	$ (2,696,000)	(2,449)
Taxes payable		(10,226)	(1,659)		(316)
Deferred tax liability		(8,462)
Long-term debt		(126)			(253)
Lease liabilities		(9,678)			(5,957)
Asset retirement provision		(239)			(209)
Total	$ 3,896	$ (23,906)	$ 665		$ (5,091)

Financial Instruments (Detail_5

Financial Instruments (Details) - Schedule of contractual maturities $ in Thousands	Dec. 31, 2021USD ($)
Schedule of contractual maturities [Abstract]
2022	$ 73,950
2023	896
2024 and thereafter	40
Total	$ 74,886

Financial Instruments (Detail_6

Financial Instruments (Details) - Schedule of financial obligations with contractual maturities $ in Thousands	Dec. 31, 2021USD ($)
Schedule of financial obligations with contractual maturities [Abstract]
2022	$ 5,431
2023	2,553
2024	1,820
2025	1,692
2026 and thereafter	6,023
Total	$ 17,519

Financial Instruments (Detail_7

Financial Instruments (Details) - Schedule of movement in long-term debt - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of movement in long-term debt [Abstract]
Balance as of January 1,	$ 17,345	$ 15,723
Conversion of lease liabilities	3,904
Issuance of long-term debt	14,227	84
Payments	(22,382)	(3,673)
Interest on long-term debt	1,883	5,335
Conversion of long-term debt and loan modification	(5,000)	(124)
Derecognition of embedded derivative	1,190
Total	$ 11,167	$ 17,345

Transactions and Balances wit_3

Transactions and Balances with Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Transactions and Balances with Related Parties [Abstract]
Rent payments	$ 440	$ 475
Consulting fees	$ 625	$ 379

Transactions and Balances wit_4

Transactions and Balances with Related Parties (Details) - Schedule of balances with related parties - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Trade payables and accrued liabilities:
Directors’ remuneration	$ 19	$ 31
Director and senior management incentive plan	1,465
Total trade payables	1,484	31
Lease liabilities:
Companies controlled by directors	$ 1,357	$ 1,695

Transactions and Balances wit_5

Transactions and Balances with Related Parties (Details) - Schedule of consolidated statements of profit or loss and comprehensive profit and loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of consolidated statements of profit or loss and comprehensive profit and loss [Abstract]
General and administrative expenses	$ 625	$ 379
Net financial expenses	126	145
Total	$ 751	$ 524

Transactions and Balances wit_6

Transactions and Balances with Related Parties (Details) - Schedule of compensation of key management and directors - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Schedule of compensation of key management and directors [Abstract]
Short-term benefits	[1]	$ 5,004	$ 1,326
Share-based payments		21,174	1,611
Total		$ 26,178	$ 2,937
[1]	Short-term benefits includes an incentive plan adopted by the Company in 2021 to reward certain directors and members of senior management with a total of 50 Bitcoins.

Subsidiaries (Details)

Subsidiaries (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Subsidiaries (Details) [Line Items]
Mineral assets with a carrying amount (in Dollars)	$ 7,200
Maximum [Member]
Subsidiaries (Details) [Line Items]
Owned and controlled, percentage	90.00%
Minimum [Member]
Subsidiaries (Details) [Line Items]
Owned and controlled, percentage	10.00%

Subsidiaries (Details) - Schedu

Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions	12 Months Ended
	Dec. 31, 2021
AU [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	USA
Securities	100.00%
Equity	100.00%
Voting	100.00%
Pembroke [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	USA
Securities	100.00%
Equity	100.00%
Voting	100.00%
Volta [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	CDA
Securities	100.00%
Equity	100.00%
Voting	100.00%
Backbone [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	CDA
Securities	100.00%
Equity	100.00%
Voting	100.00%
Backbone Argentina [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	ARG
Securities	100.00%
Equity	100.00%
Voting	100.00%
Backbone Paraguay [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	PAR
Securities	100.00%
Equity	100.00%
Voting	100.00%
Backbone Mining [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	USA
Securities	100.00%
Equity	100.00%
Voting	100.00%
ON [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	CDA
Securities	100.00%
Equity	100.00%
Voting	100.00%
Backbone USA [Member]
Subsidiaries (Details) - Schedule of legal owner of backbone mining solutions [Line Items]
Security type	Ordinary shares
Main place of business	USA
Securities	100.00%
Equity	100.00%
Voting	100.00%

Net Earnings (Loss) Per Share_2

Net Earnings (Loss) Per Share (Details)	12 Months Ended
	Dec. 31, 2020shares
Disclosure of Net Earnings (Loss) Per Share [Abstract]
Additional potentially dilutive securities	385,000

Net Earnings (Loss) Per Share_3

Net Earnings (Loss) Per Share (Details) - Schedule of net earnings (loss) per share - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of net earnings (loss) per share [Abstract]
Weighted average shares outstanding number of shares, total shares for the calculation of basic earnings per share	157,652,000	84,915,000
Net income attributable to the shareholders of the Company, total shares for the calculation of basic earnings per share
Weighted average shares outstanding number of shares, the effect of dilutive potential ordinary shares	11,741,000
Net income attributable to the shareholders of the Company, the effect of dilutive potential ordinary shares
Weighted average shares outstanding number of shares, total shares for the calculation of diluted earnings per share	169,393,000	84,915,000
Net income attributable to the shareholders of the Company, total shares for the calculation of diluted earnings per share
Weighted average shares outstanding number of shares, net income (loss) for the calculation of basic and diluted earnings (loss) per share
Net income attributable to the shareholders of the Company, net income (loss) for the calculation of basic and diluted earnings (loss) per share	$ 22,130,000	$ (16,289,000)

Net Earnings (Loss) Per Share_4

Net Earnings (Loss) Per Share (Details) - Schedule of basic and diluted per share - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of basic and diluted per share [Abstract]
Basic earnings (loss) per share	$ 0.14	$ (0.19)
Diluted earnings (loss) per share	$ 0.13	$ (0.19)

Share-Based Payment (Details)

Share-Based Payment (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment (Details) [Line Items]
Exercised period	5 years
Restricted stock per unit (in Dollars per share)	$ 4.05
Weighted average contractual life of the stock option	4 years 3 months 18 days	4 years
Board of Directors [Member]
Share-Based Payment (Details) [Line Items]
Stock option grants to purchase (in Shares)	10,775,000
Restricted stock units (in Shares)	200,000

Share-Based Payment (Details) -

Share-Based Payment (Details) - Schedule of expense recognized in the financial statements for employee services received - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of expense recognized in the financial statements for employee services received [Abstract]
Equity-settled share-based payment plans	$ 22,585	$ 2,201

Share-Based Payment (Details)_2

Share-Based Payment (Details) - Schedule of inputs used to value the option grants using the black-scholes model	Dec. 08, 2021$ / sharesshares	Dec. 08, 2021$ / sharesshares	Jun. 02, 2021$ / sharesshares	Jun. 02, 2021$ / sharesshares	Dec. 24, 2021$ / sharesshares	Dec. 24, 2021$ / sharesshares	Nov. 19, 2021$ / sharesshares	Nov. 19, 2021$ / sharesshares	Jun. 29, 2021$ / sharesshares	Jun. 29, 2021$ / sharesshares	Mar. 31, 2021$ / sharesshares	Mar. 31, 2021$ / sharesshares
Schedule of inputs used to value the option grants using the black-scholes model [Abstract]
Dividend yield (%)
Expected share price volatility (%)	140.00%	140.00%	139.00%	139.00%	139.00%	139.00%	141.00%	141.00%	139.00%	139.00%	135.00%	135.00%
Risk-free interest rate (%)	0.99%	0.99%	0.30%	0.30%	0.97%	0.97%	0.86%	0.86%	0.47%	0.47%	0.25%	0.25%
Expected life of stock options (years)	3 years	3 years	3 years	3 years	3 years	3 years	3 years	3 years	3 years	3 years	3 years	3 years
Share price (CAD) (in Dollars per share)		$ 8.13		$ 5.45		$ 7.41		$ 9.81		$ 5.01		$ 6.39
Exercise price (CAD) (in Dollars per share)		$ 8.13		$ 5.45		$ 7.41		$ 9.81		$ 5.01		$ 6.39
Fair value of options (USD) (in Dollars per share)	$ 4.93		$ 3.44		$ 4.42		$ 5.97		$ 3.16		$ 3.8
Vesting period (years)	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	2 years	2 years
Quantity of options granted (in Shares) | shares	2,750,000	2,750,000	364,050	364,050	120,000	120,000	120,000	120,000	7,355,950	7,355,950	65,000	65,000

Share-Based Payment (Details)_3

Share-Based Payment (Details) - Schedule of outstanding stock options - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of outstanding stock options [Abstract]
Number of Options Outstanding Beginning Balance	8,100,221	8,345,000
Weighted Average Exercise Price Outstanding Beginning Balance (CAD)	$ 0.72	$ 1.06
Number of Options Granted	10,775,000	5,224,600
Weighted Average Exercise Price Granted (CAD)	$ 5.91	$ 0.65
Number of Options Exercised	(6,073,585)	(2,714,379)
Weighted Average Exercise Price Exercised (CAD)	$ 1.27	$ 0.75
Number of Options Forfeited	(251,225)	(1,860,000)
Weighted Average Exercise Price Forfeited (CAD)	$ 3.41	$ 1.1
Number of Options Expired	(3,678)	(895,000)
Weighted Average Exercise Price Expired (CAD)	$ 0.99	$ 0.96
Number of Options Outstanding, Ending Balance	12,546,733	8,100,221
Weighted Average Exercise Price Outstanding Ending Balance (CAD)	$ 5.06	$ 0.72
Number of Options Exercisable, Ending Balance	5,675,558	4,717,551
Weighted Average Exercise Price Exercisable, Ending Balance (CAD)	$ 4.57	$ 1.16

Additional Details to the Sta_5

Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss (Details) - Schedule of cost of sales expenses - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of cost of sales expenses [Abstract]
Energy and infrastructure	$ 30,195	$ 18,299
Depreciation and amortization	24,476	11,486
Purchases of electrical components	1,973	1,138
Electrician salaries and payroll taxes	1,727	907
Cost of sales	$ 58,371	$ 31,830

Additional Details to the Sta_6

Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss (Details) - Schedule of general and administrative expenses - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of general and administrative expenses [Abstract]
Salaries and share based payment	$ 30,334	$ 4,864
Professional services	6,985	1,962
Advertising and promotion	174	38
Insurance and other	4,920	822
Travel, motor vehicle and meals	423	211
Hosting and telecommunications	402	353
General and administration expense	$ 43,238	$ 8,250

Additional Details to the Sta_7

Additional Details to the Statement of Profit or Loss and Comprehensive Profit or Loss (Details) - Schedule of net financial expenses - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Schedule of net financial expenses [Abstract]
Loss on revaluation of warrants		$ 19,524	$ 3,876
Loss (gain) on embedded derivative		2,641	(973)
Gain on disposition of marketable securities	[1]	(6,149)
Loss on currency exchange		647	238
Interest on long-term debt		1,907	5,335
Interest on lease liabilities		1,513	769
Warrant issuance costs		668
Other financial expenses		252	141
Net finance expenses		$ 21,003	$ 9,386
[1]	During the year ended December 31, 2021, the Company funded its expansion in Argentina through the acquisition of marketable securities and in-kind contribution of these securities to a subsidiary in Argentina that it controls. The subsequent disposition of these marketable securities in exchange for Argentine Pesos gave rise to a gain as the amount received in Pesos exceeds the amount of Pesos the Company would have received from a direct foreign currency exchange.

Geographical Information (Detai

Geographical Information (Details) - Schedule of revenues $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Geographical Information (Details) - Schedule of revenues [Line Items]
Revenues	$ 169,491
Canada [Member]
Geographical Information (Details) - Schedule of revenues [Line Items]
Revenues	153,265
USA [Member]
Geographical Information (Details) - Schedule of revenues [Line Items]
Revenues	$ 16,226

Geographical Information (Det_2

Geographical Information (Details) - Schedule of property, plant and equipment $ in Thousands	Dec. 31, 2021USD ($)
Geographical Information (Details) - Schedule of property, plant and equipment [Line Items]
Property, Plant And Equipment	$ 136,850
Canada [Member]
Geographical Information (Details) - Schedule of property, plant and equipment [Line Items]
Property, Plant And Equipment	83,402
USA [Member]
Geographical Information (Details) - Schedule of property, plant and equipment [Line Items]
Property, Plant And Equipment	51,672
Argentina [Member]
Geographical Information (Details) - Schedule of property, plant and equipment [Line Items]
Property, Plant And Equipment	665
Paraguay [Member]
Geographical Information (Details) - Schedule of property, plant and equipment [Line Items]
Property, Plant And Equipment	$ 1,111

Additional Details to the Sta_8

Additional Details to the Statement of Cash Flows (Details) - Schedule of additional details to the statement of cash flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of additional details to the statement of cash flows [Abstract]
Decrease in trade receivables, net	$ 64	$ 5
Decrease (increase) in other current assets	(4,703)	898
Increase in electrical component inventory	(379)	(34)
Decrease (increase) in long-term deposits	(613)	206
Increase in trade payables and accrued liabilities	9,244	109
Increase in taxes payable	11,777	2,059
Total	15,390	3,243
Addition of right-of-use assets, property, plant and equipment and related lease liabilities	8,682	5,878
Purchase of property, plant and equipment financed by short-term credit	2,802	646
Extinguishment of warrant liability and long-term debt through share issuance	24,322
Issuance of shares in connection with business combination	3,676
Deferred tax recovery related to equity issuance costs	$ 4,287

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Feb. 24, 2022	Jan. 06, 2022	Mar. 28, 2022	Dec. 31, 2021	Mar. 15, 2019
Subsequent Events (Details) [Line Items]
Average price per share (in Dollars per share)				$ 0.22
1,000 BTC purchased		$ 43,237
Loan bears interest rate					10.00%
Events After Reporting Period [Member]
Subsequent Events (Details) [Line Items]
Company issued common shares (in Shares)			6,445,709
Gross proceeds			$ 25,606,000
Average price per share (in Dollars per share)			$ 3.97
Company received net proceeds			$ 24,813,000
Paying commissions amount			$ 793,000
Equipment financing agreement amount	$ 32,000,000
Loan bears interest rate	14.50%
Loan bears period	2 years
Repaid average monthly payments	$ 1,537,000