Chris Brendler: That’s great color. Thanks so much, and congrats on the progress.
Greg Beard: Thanks.
Operator: And thank you. And our next question comes from Lucas Pipes from B. Riley. Your line is now open.
Unidentified Analyst: Yes. Thank you, operator. This is Nick calling in for Lucas. Appreciate all the color so far. I think most of my questions have been answered. But you noted building the fleet through purchases of distressed rigs, and I was just hoping to get some color on kind of where you see pricing today, have you seen prices tick up with the recent BTC recovery? Or is kind of the oversupply holding prices at the lower levels?
Greg Beard: Yes. So Luis €“ Nick, sorry, with regards to Lucas. We haven’t seen prices return to anywhere near their prior levels. We would just describe them as the market is still oversupplied with miners. And I would say pricing hasn’t fallen further. But I would say has stabilized at the lower levels. But I think it’s €“ those that have the means to pay for miners, it’s still an all you need to say for them if you want them.
Unidentified Analyst: Great. Great. Greg, that’s really helpful. And maybe just one follow-up on that, would you be looking at a similar miner that you have in the fleet today, call it, S19j Pro or would you be looking for something more like a S19 XP where you might realize some more power efficiency?
Greg Beard: I think the XPs haven’t been an interesting to us because they are still expensive on a petahash basis relative to what we think the value is versus some of the other also more efficient machines. I think what we are really focused on is €“ and you should be two is just if you understand the leverage in our model, getting to four exahash is important to us. We can dramatically increase cash flow by refilling our data centers. We have all this infrastructure in power plants, all the infrastructure and we fully built out data centers. And so we are now carrying a €“ we have a cost that reflects the ability to house for exahash data centers, data center miners, and we are only at 2.6 exahash today. And so it’s just the incentives and the accretion by filling data centers is so strong, they were mostly focused on, hey, just get it filled.
And then the secondary question is, can we get it filled with as efficient a minor if possible, and we think we will be able to do that. So, I think not quite XPs, but close as would be the answer on what we are looking at right now.
Unidentified Analyst: Got it. Helpful, that’s very clear. So, thanks again and continued best of luck.
Greg Beard: Okay. Thank you.
Operator: And thank you. And one moment for our next question. And our next question comes from Kevin Dede from H.C. Wainwright. Your line is now open.
Kevin Dede: Thanks gentlemen. Greg and Matt has done a great job sort of laying out the power profile and the opportunities that you have in different scenarios. I guess what I am wondering is when you look back over the past, say, €˜21, €˜22 operating timeframes, how often have you seen those power prices dip below that sort of $50 €“ $45 to $50 per megawatt threshold that sort of suggests your opportunity to buy power versus mine? And then how would you suggest when we look at that going forward, given sort of the downturn in the power curve, and then how do you evaluate that time it takes to wind the plant down and then spin it back up again?
