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Dynamite Blockchain Corp C.KAS

Alternate Symbol(s):  CRYBF

Dynamite Blockchain Corp., formerly CryptoBlox Technologies Inc., is a Canada-based blockchain technology infrastructure company. The Company is focused on building out its diversified blockchain ecosystem strategy that consists of Kaspa, digital asset mining and infrastructure, mining products and technology, and structured digital asset products and blockchain payments. Its infrastructure is based on the value chain that stems from off-grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the sustainable mining products and technology and structured blockchain products and services divisions. It is focused on providing alternate energy solutions to power digital asset mining operations throughout North America (Redwater, Alberta). Redwater is a modular air-cooled data center facility powered by flared gas and equipped with heat recapture capabilities.


CSE:KAS - Post by User

Comment by ScarletSpideron Nov 27, 2021 5:25am
120 Views
Post# 34171784

RE:Accounting For Crypto On the Balance Sheet.

RE:Accounting For Crypto On the Balance Sheet.forgot to paste the link to digi's page for second quarter but have gone back and just copy and pasting the section:

econd Quarter Highlights - (includes non-IFRS/GAAP information):

  • Unrealized gain on digital currencies for Q2 2022 was $2.65 million (not included in net Income/Loss for the period on IFRS financial statements)
  • Net equity in the company grew $17.39 million in Q1 2022 and a further $1.9 million in Q2 2022 as a result
  • Revenues for the six months ended July 31, 2021 are lower than anticipated at $47,000 since unrealized digital currency gains are not included in the Net Income/Loss for the period under IFRS but is recognized under Comprehensive Income (Loss)
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