Airo AV Announces Hut 8 Mining : Q1 2020 Financial Statements - Jonathan Cartu CPA Accounting Firm - Tax Accountants
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Airo AV Announces Hut 8 Mining : Q1 2020 Financial Statements

Brunswick : SEC Filing (10-K/A) - Annual Report (Amendment)

Airo AV Announces Hut 8 Mining : Q1 2020 Financial Statements








05/11/2020 | 08:34am EDT

HUT 8 MINING CORP.

Unaudited Condensed Consolidated Interim Financial Statements

(In Canadian dollars)

Three months ended March 31, 2020 and 2019

1

Notice of No Auditors Review of Interim Financial Statements

Under National Instrument 51-102, if an auditor has not performed a review of the unaudited condensed consolidated interim financial statements; they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.

The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by management and approved by the Audit Committee and the Board of Directors of the Company.

The Company’s independent auditors have not performed a review of these unaudited condensed consolidated interim financial statements in accordance with the standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity’s auditors.

2

HUT 8 MINING CORP.

(In Canadian dollars)

Unaudited Condensed Consolidated Interim Statements of Financial Position

March 31,

December 31,

2020

2019

Assets

Current assets

Cash

$

1,026,200

$

2,946,017

Digital assets (Note 5)

1,400,886

10,484,106

Digital assets collateral (Note 5)

7,264,474

Digital assets receivable (Note 5)

108,958

943,438

Deposits and prepaid expenses (Note 4)

759,052

321,189

10,559,570

14,694,750

Non-current assets

Plant and equipment (Note 6)

29,707,314

34,883,085

Digital assets collateral (Note 5)

18,524,408

15,883,182

Deposits and prepaid expenses (Note 4)

5,782,227

5,776,227

Total assets

$

64,573,519

$

71,237,244

Liabilities and shareholders’ equity

Current liabilities

Accounts payable and accrued liabilities (Note 7)

$

2,584,738

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Jon Cartu

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