0001213900-22-015279 | 40-F | XBRL Viewer

Reporting Entity and Liquidity

12 Months Ended

Dec. 31, 2021

Disclosure of Reporting Entity Basis Of Presentation And Liquidity [Abstract]

NOTE 1: REPORTING ENTITY AND LIQUIDITY

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.

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.

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.

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

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.

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.

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:

25% or more compared to the previous month

50% or more compared to three months ago

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.

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of presentation of the financial statements

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

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.

Share capital

Share capital:

Share capital represents the amount received on the issuance of shares, less issuance costs (net of tax).

Issue of a unit of securities

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.

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 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)

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)

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)

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 for ECL			Total

Gross carrying amount	$	441	$	382	$	73	$	260	$	(118	)	$	1,038

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)

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 (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

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

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)

12 Months Ended

Dec. 31, 2021

Disclosure of borrowings [text block] [Abstract]

Schedule of equipment financing and balance of the loans and the net book value (NBV)

	Maturity date	Rate			Monthly repayment		Long-term debt balance		NBV of Collateral		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)

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

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

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 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

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 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)

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 (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of Net Earnings (Loss) Per Share [Abstract]

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)

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, 2021			June 2, 2021			June 29, 2021			Nov. 19, 2021			Dec. 8, 2021			Dec. 24, 2021
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 Options			Weighted Average Exercise Price ($CAD)		Number of Options			Weighted Average Exercise Price ($CAD)
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

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 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 Liquidity (Details) - Schedule of financial statements	12 Months Ended
	Dec. 31, 2021
Reporting Entity and Liquidity (Details) - Schedule of financial statements [Line Items]
Financial statements terms	ARS

Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method	12 Months Ended
	Dec. 31, 2021
Basis of Presentation and Significant Accounting Policies (Details) - Schedule of years depreciation method [Line Items]
Rate	1/15

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

Business Combination (Details) $ in Thousands	Nov. 09, 2021 USD ($) shares
Disclosure of Business Combination [Abstract]
Business combination common shares (in Shares) \| shares	414,508
Lease payments \| $	$ 110

Business Combination (Details) - Schedule of fair values of the identifiable assets - USD ($) $ in Thousands	Dec. 31, 2021	Nov. 09, 2021	Dec. 31, 2020
Recognized amounts of identifiable assets acquired
Electrical components	$ 548	$ 7,081	$ 169
Intangible assets - favorable lease		$ 1,800

Trade Receivables (Details)	12 Months Ended
Trade Receivables (Details)	Dec. 31, 2019
Trade Receivables (Details) [Line Items]
Trade receivables terms	90 days

Trade Receivables (Details) - Schedule of credit risk trade receivables $ in Thousands	Dec. 31, 2021 USD ($)
Trade Receivables (Details) - Schedule of credit risk trade receivables [Line Items]
Gross carrying amount	$ 1,038

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
Insurance refund (Note 9c) and other receivable	$ 697

Digital Assets (Details) - Schedule of Bitcoin transactions and the corresponding values
$ in Thousands

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

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 (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2018
Disclosure of property, plant and equipment [Abstract]
Remaining useful life		1 year 6 months
Accounts payable and accrued liabilities (in Dollars per share)	$ 0.04
Net book value	$ 5,422
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 (Details) - Schedule of property, plant and equipment - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Balance
Net book value as of
Depreciation
Dispositions during the period
Impairment reversal
Balance	$ 136,850

Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment (Details) - Schedule of quantity of BVVE held by the company [Line Items]
Dispositions during the period

Intangible Assets (Details) - Schedule of intangible assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cost:
Beginning Balance
Ending Balance	6,950,000
Accumulated amortization and impairment :
Beginning Balance
Amortization	496,000
Ending Balance	5,269,000
Net book value as of
Ending Balance	$ 1,681,000

Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details)	12 Months Ended
	Dec. 31, 2021 USD ($)
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 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]
Equipment prepayments	$ 83,059	$ 31

Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Long-Term Deposits, Equipment Prepayments, Other and Commitments (Details) - Schedule of antminer miners are outlined [Line Items]
Remaining payment obligation	$ 132,162

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

Credit Facility (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
Credit Facility (Details) - USD ($) $ in Thousands	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) - Schedule of credit facility $ in Thousands	Dec. 31, 2021 USD ($)
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) $ / shares in Units, $ in Thousands		1 Months Ended					12 Months Ended
	Mar. 15, 2019 USD ($)	May 31, 2021 shares	Apr. 30, 2021 shares	Feb. 28, 2021 shares	Jan. 31, 2021 USD ($) shares	Sep. 30, 2020	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) shares
Long-Term Debt (Details) [Line Items]
Number of tranches	4
Tranches loan (in Dollars) \| $	$ 5,000
Term of loan tranche	24 months
Loan payments monthly due percentage	10.00%
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.
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					8,474,577
Effective interest rates							37.10%
Interest expense, loan (in Dollars) \| $							$ 472	$ 5,315
Warrant shares issued							1,666,667	6,666,668
Warrant acquire shares							1,666,667
Expiration date							5 years
Aggregate of lender warrants								6,666,668
Warrant exercises					5,416,668		1,666,667	1,250,000
Warrants issuance				5,251,223	5,251,223		1,501,222
Loan agreements shares		4,000	2,465
Reclassified from lease liabilities debt (in Dollars) \| $							$ 3,904

Long-Term Debt (Details) - Schedule of equipment financing and balance of the loans and the net book value (NBV)
$ in Thousands

12 Months Ended

Dec. 31, 2021

USD ($)

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

Monthly repayment

$ 1,149

Long-term debt balance

11,039

NBV of Collateral

16,998

Collateral

$ 6,465

^[1]

[1]	Represents the quantity of Whatsminers received in connection with the equipment financing and pledged as collateral for the related loan.

Leases (Details)	12 Months Ended
Leases (Details)	Dec. 31, 2021 USD ($) shares
Leases (Details) [Line Items]
Property, plant and equipment net value	$ 5,422,000
Warrants issued (in Shares) \| shares	468,013
Exercise price	$ 0.4
Total cost	$ 2,160,000

Leases (Details) - Schedule of right-of-use assets and lease liabilities $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Leases (Details) - Schedule of right-of-use assets and lease liabilities [Line Items]
Additions and extensions to ROU assets	$ 5,911
Lease liabilities converted to long-term debt
Payments
Issuance of warrants

Leases (Details) - Schedule of inputs used to value the grant using the Black-Scholes model - May 11, 2021	USD ($) $ / shares shares	$ / 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) - Schedule of effective tax rate $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Increase in taxes resulting from:
Prior year	$ (516)

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 (Details)	12 Months Ended
Asset Retirement Provision (Details)	Dec. 31, 2021 USD ($)
Disclosure of Asset Retirement Provision [Abstract]
Asset retirement provision	$ 80
Due maturity date	12 months

Share Capital (Details)

1 Months Ended

12 Months Ended

Aug. 31, 2021

Aug. 16, 2021

USD ($)

May 31, 2021

CAD ($)

Mar. 31, 2021

Feb. 28, 2021

CAD ($)

Jan. 31, 2021

CAD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

May 20, 2021

Feb. 10, 2021

Jan. 31, 2021

USD ($)

Jan. 07, 2021

^[1]

Share Capital (Details) [Line Items]

Conversion of debt (in Dollars) | $

$ 5,000,000

Common shares

8,474,577

Warrants outstanding

5,251,223

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.

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

23,922,928

Warrants share issued

8,888,889

10,613,208

11,560,695

^[1]

Broken warrant issued

615,111

Broken warrants related to private placement

711,111

20,736,558

Warrants related to private placements

5,404,625

5,027,933

Employees exercised stock option

6,073,585

Other common shares

1,771

Additional common shares

414,508

Receiving aggregate proceeds (in Dollars) | $

$ 500,000

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

Total gross proceeds (in Dollars) | $

$ 155,000,000

Issue capital common shares

40,187,121

800,000

40,187,121

Warrants to purchase common shares

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

[1]	All warrants issued are for the purchase of one common share in the Company

Share Capital (Details) - Schedule of share capital	Dec. 31, 2021
Schedule of share capital [Abstract]
Common shares authorized	Unlimited

Share Capital (Details) - Schedule of outstanding warrants - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
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

Share Capital (Details) - Schedule of Black scholes model and the inputs below were used in determining the values of the warrants	Feb. 26, 2021 $ / shares shares	Feb. 26, 2021 $ / shares shares	Feb. 22, 2021 $ / shares shares	Feb. 22, 2021 $ / shares shares	Feb. 16, 2021 $ / shares shares	Feb. 16, 2021 $ / shares shares	Feb. 11, 2021 $ / shares shares	Feb. 11, 2021 $ / shares shares	Jan. 25, 2021 $ / shares shares	Jan. 25, 2021 $ / shares shares	Jan. 07, 2021 $ / shares shares	Jan. 07, 2021 $ / shares shares
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%	132.00%	132.00%
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	6 months	6 months
Share price (CAD) (in Dollars per share)		$ 5.45		$ 6.55		$ 4.67		$ 4.4		$ 3.25		$ 2.5
Exercise price (CAD) (in Dollars per share)		$ 2.75		$ 2.75		$ 2.75		$ 0.51		$ 0.39		$ 2.75
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	8,888,889	8,888,889

Share Capital (Details) - Schedule of company private placements

7 Months Ended

Feb. 10, 2021

$ / shares

Jan. 07, 2021

CAD ($)

$ / shares

May 20, 2021

$ / shares

Feb. 10, 2021

$ / shares

May 20, 2021

CAD ($)

Feb. 28, 2021

Feb. 10, 2021

CAD ($)

Share Capital (Details) - Schedule of company private placements [Line Items]

Gross proceeds (CAD) (in Dollars and Dollars) | $

$ 75,000,000

$ 40,000,000

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%

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

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%

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) - Schedule of financial liabilities at amortized cost - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial Instruments (Details) - Schedule of financial liabilities at amortized cost [Line Items]
Credit facility	$ 60,002

Financial Instruments (Details) - Schedule of consolidated statements of financial position $ in Thousands, $ in Thousands	Dec. 31, 2021 CAD ($)	Dec. 31, 2021 ARS ($)	Dec. 31, 2020 CAD ($)
Schedule of consolidated statements of financial position [Abstract]
Long-term deposits, equipment prepayments and other	$ 902	$ 2,067
Taxes payable	(10,226)	(1,659)	(316)
Deferred tax liability	(8,462)
Asset retirement provision	$ (239)		$ (209)

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

Financial Instruments (Details) - Schedule of financial obligations with contractual maturities $ in Thousands	Dec. 31, 2021 USD ($)
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 (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
Issuance of long-term debt	14,227	84
Payments	(22,382)	(3,673)
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 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 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:
Director and senior management incentive plan	$ 1,465

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

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]
Total	$ 26,178	$ 2,937

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

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

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)

Share-Based Payment (Details) - $ / shares	12 Months Ended
Share-Based Payment (Details) - $ / shares	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) - Schedule of inputs used to value the option grants using the black-scholes model - $ / shares			1 Months Ended
	Dec. 08, 2021	Jun. 02, 2021	Dec. 24, 2021	Nov. 19, 2021	Jun. 29, 2021	Mar. 31, 2021
Schedule of inputs used to value the option grants using the black-scholes model [Abstract]
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	2 years
Quantity of options granted (in Shares)	2,750,000	364,050	120,000	120,000	7,355,950	65,000

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
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)
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

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]
Purchases of electrical components	$ 1,973	$ 1,138

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]
Hosting and telecommunications	$ 402	$ 353
General and administration expense	$ 43,238	$ 8,250

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

Gain on disposition of marketable securities

^[1]

(6,149)

Warrant issuance costs

$ 668

[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 (Details) - Schedule of revenues $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
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 (Details) - Schedule of property, plant and equipment $ in Thousands	Dec. 31, 2021 USD ($)
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 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 (increase) in long-term deposits	$ (613)	$ 206
Purchase of property, plant and equipment financed by short-term credit	$ 2,802	$ 646

Subsequent Events (Details) - USD ($) $ in Thousands		3 Months Ended
Subsequent Events (Details) - USD ($) $ in Thousands	Feb. 24, 2022	Mar. 28, 2022
Subsequent Events (Details) [Line Items]
Company received net proceeds		$ 24,813
Equipment financing agreement amount	$ 32,000
Loan bears period	2 years
Repaid average monthly payments	$ 1,537

Label

Element

Value

ExerciseOfWarrants

bitf_ExerciseOfWarrants

$ 63,317,000

ExerciseOfWarrants

bitf_ExerciseOfWarrants

1,997,000

DigitalAsset

bitf_DigitalAsset

66,031,000

DigitalAsset

bitf_DigitalAsset

CompaniesControlledByDirectors

bitf_CompaniesControlledByDirectors

1,357,000

CompaniesControlledByDirectors

bitf_CompaniesControlledByDirectors

1,695,000

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

107,780,000

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

(14,587,000)

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

93,193,000

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

1,997,000

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

1,997,000

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

IncreaseDecreaseExerciseOfWarrantsAndStockOptions

bitf_IncreaseDecreaseExerciseOfWarrantsAndStockOptions

IncreaseDecreaseConversionOfLongtermDebt