Michael Donovan: Okay, great. I appreciate that. And Bruce, you mentioned the possibility of selling Symbiont. Can you add a bit more color around that?
Bruce Rodgers: No, not really. We’re obviously under some LOI, and there’s confidentiality provisions and all that with that, but we expect to have some resolution of that by the end of the year.
Michael Donovan: Fair enough. Sounds good. Well, I appreciate it, Bruce. Appreciate it, Rick. Congrats on the quarter.
Bruce Rodgers: Thank you.
Operator: Thank you. And we did have a follow-up question come from Matthew Galinko. Matthew, your line is live.
Matthew Galinko : Hey guys, just a question around the Core EBITDA number that you disclosed. Obviously, that’s a progress, I think, year-over-year. Sequentially, that swung down, and I just wanted to understand the mechanics there. I think it’s predominantly – well, maybe I’ll let you, but it seems like revenue is up from the mining fleet, and so could you just parse out what sort of swung you down on the Core EBITDA line, and if you could provide any sort of commentary, what we might expect, into the fourth quarter?
Rick Russell: Well, the Core EBITDA – part of the problem is your revenue is based on an average for the quarter, right, or month-by-month, so it’s not as reflective as you would like to more recent prices. There was an improvement year-over-year, and we’re trying to take out more non-cash items and the odd items like the Symbiont up and down, and the impairment loss on mine digital asset bitcoins, so that’s kind of where GAAP is going to. We also had a little bit of expenses in the hosting this quarter due to we moved machines from our ACDC site over to the core facility in Texas, so that impacted the margin a bit. But I think the the more current 35-plus routes, there should be quite an improvement in the fourth quarter.
Matthew Galinko : Terrific. Thanks again.
Operator: Thank you. There are no other questions at this time. I would now like to hand the call back to the LM Funding Management team for closing remarks.
Bruce Rodgers: Thank you to everyone for joining our 2023 third quarter conference call. Our company’s shift towards Bitcoin mining is yielding encouraging outcomes. We’re committed to reinvesting our mining revenues into acquiring more mining machines without incurring debt, and also integrating advanced software aimed at enhancing the hashrate of our current machines. Our belief in the long-term value increase of Bitcoin as an asset class remains strong. In summary, we are extremely pleased with the progress we have made during the third quarter of 2023, and believe the momentum of our transition to Bitcoin mining will continue to accelerate as we acquire and electrify more mining machines in the future. We are thankful for the ongoing support from our shareholders, and will continue to provide updates on our progress as new developments emerge. Thank you very much.
Operator: Thank you. This does conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.
