Quarterly ResultJun 29, 2026, 09:51 AM
SOL Strategies Amends H1 2026 Results; Reports $101.7M Loss
AI Summary
SOL Strategies Inc. filed amended and restated interim unaudited condensed financial statements for the six months ended March 31, 2026, reporting a net loss of $101,726,030 CAD. The amendments corrected several items including revaluation loss on digital assets and earnings per share, but had no impact on total comprehensive loss, total assets, liabilities, or shareholders' equity. Management also concluded that internal control over financial reporting was not effective as of March 31, 2026.
Key Highlights
- Net loss for six months ended March 31, 2026, was $101,726,030 CAD.
- Reported a revaluation loss on digital assets of $56,518,234 CAD.
- Realized loss on disposition of cryptocurrencies was $21,686,798 CAD.
- Incurred impairment losses on intangible assets of $12,112,727 CAD.
- Cryptocurrency assets decreased to $60,658,543 CAD from $126,529,342 CAD.
- Management deemed internal control over financial reporting ineffective.
- Amendments did not impact total comprehensive loss, assets, liabilities, or equity.
Price Impact
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