Nangeng Zhang: For the numbers, I will pass this question to James.
James Jin Cheng: Yeah. Kevin, this is James. We are talking about total of 4.9 exahash of mining power. And the loss from Kazakhstan is about 2 exahash as you said. But the loss from US is only 1 exahash, it’s not 2. So the total loss for here is 3 exahash compared to the total 4.9 exahash and also in quarter two, we have already successfully deployed 0.4 exahash with Stronghold in the United States. And we have another 0.2 exahash to collaborate with Stronghold as well as in the United States. And also in quarter three, we start to — brought some pilot runs in the new cooperative sites in Africa, South America and North America. But of course, get electricity is a slow progress, it will take some time. So in my estimation about quarter three, we definitely will lose half — at least half of our total capacity if the Kazakhstan machines could not recover quickly.
So that’s also reflected in our total revenue estimation about quarter three. But we are looking for different sites in different locations, so we can recover this quickly in quarter four. So from my estimation, in quarter four, we will have a bigger chance to recover the mining operation hash rate and we will continue to take mining as one of our important strategies and execute the strategies consistently. Thank you, Kevin.
Kevin Dede: Well, thank you, James. I really appreciate it. Thank you for chiming in and thank you so much, NG, for offering additional color. Thanks, gentlemen.
Operator: Thank you. We’ll now take our next question. This is from the line of Shuang Zhang from Guosen Securities. Please go ahead.
Shuang Zhang: [Technical Difficulty]
Operator: This is the operator. Shuang Zhang, your line is not too clear. Could you please try asking your question again?
Shuang Zhang: Okay. My first question is, when do you expect to clear out the A12 inventory?
James Jin Cheng: Thank you, Shuang. I think we are actively working on clearing the inventory of A12 models. And the progress has been a little bit slower than we anticipated. At this point, we expect to complete the clearance by the fourth quarter of this year for A12 series. Thank you.
Shuang Zhang: My second question is, how was your progress on mining cash rate deployment and installment? [Foreign Language].
James Jin Cheng: Yeah. As just now I referred to Kevin, we have lost the 3 exahashes in Kazakhstan and also one site in United States. We quickly installed another 0.4 exahashes during quarter two with Stronghold, one of our important mining partners in the United States. And we implemented another 0.2 exahashes in quarter three with Stronghold. And also, we deployed some new sites in Africa, South America and North America during quarter three with pilot runs. Those small sites together, I don’t think we can recover 100% of the total hash rate back to 4.9 exahash at quarter two. That means we definitely will lose some of our capacity in quarter three, but we will step by step recover that in quarter four with all the new sites ready and we have the shipment scheduled to make our total capacity come back to the bigger ones.
So I think to your question, I will still consistently say we put mining as our important strategy, and we will consistently invest and deploy machines to support that strategy. Thank you. Thank you, Shuang.
Shuang Zhang: Thank you. And the last question is, how do you expect the upcoming events impact computing power demand and price? [Technical Difficulty]
Nangeng Zhang: Okay. Okay. Good evening. As previously mentioned, we observed two trends in the past half year. On one hand, our high quality and expansion minded customers opting to procure the latest machines models through futures contracts. On the other hand, a significant number of more to medium-sized miners are hedging the having risk by purchasing older models at lower prices. So in general, the market demand is recovering this fluctuation. However, due to the reactively high market inventory and intense competition, the mining sector will continue to experience pressure on computing power prices. Yeah, thank you.
Shuang Zhang: Okay. Thanks for answer.
Operator: Thank you. As there are no further questions now, I’d like to turn the call back over to the company for any closing remarks.
Clark Soucy: Hi, everyone. This is Clark. Thank you so much again for joining us today. If you have any further questions, please feel free to reach out to us to the contact information provided on our website, and have a nice day.
Operator: Thank you. That concludes the call today. Thank you, everyone, for attending. You may now disconnect.
