Kevin Dede: Yes. Because I understand what you said, right? You said 7.5 megawatts for 5,000 GPUs, I got that. I guess, sort of assuming that your 9-megawatts at Jamestown is fully booked. So – and I know that to meet initial customer demand, you’re going to – and have secured colo. I just like a little bit more of how you’re seeing that play out.
Wes Cummins: Yes. So think of the colo portion of our business. So like the Jamestown facility, the other facilities that are in development, it looks on this one, so Bitcoin Hosting was marketed in a certain way, which was basically just an all-in power price. And the HPC colo will look more — it will look exactly like the contracts you would see from a Digital Realty or an Equinix or a switch or someone of that nature, where there’s a fixed rate, generally something like $100 per month, depending on where you are. So somewhere between $100 and $130 per month per kilowatt hour, that you use. And then – so that’s the fixed monthly rate and then you do power pass-through to the customer just at cost. So it’s a little bit different billing model. It’s a standard data center building model, but different than what we did on the bitcoin facilities.
Kevin Dede: Okay. Okay. Last question for me, and I’ll hop back in the queue, sorry, Wes. Can you give us a view as to what the balance sheet might look like now versus the end of May?
Wes Cummins: David, do you have the update on the balance sheet now?
David Rench: Can you repeat the question?
Kevin Dede: Yes. Sorry, David. I caught you off guard. I was just wondering if you could intimate what the changes of the balance sheet might look like as of sort of end of July versus the end of May?
David Rench: Yes. So cash balances went up during that period, if that’s what you’re – we received the prepayment from Character and continue to build the cash balances.
Kevin Dede: I guess I was a little more curious about the financing side.
David Rench: So we will also have a sub event that we paid off the most recent loan that we’ve taken. So our loan balances will help also decreased.
Kevin Dede: Perfect. Thanks. Sorry to chop David.
Wes Cummins: That will be in the K, Kevin.
Kevin Dede: Perfect. Perfect. Okay. I appreciate that. Sorry for pushing [indiscernible]. Appreciate you taking the questions.
Wes Cummins: Thanks Kevin.
Operator: Thank you. The next question is coming from Lucas Pipes of B. Riley Securities. Please proceed with your follow-up question.
Lucas Pipes: Thank you very much for taking my follow-up. And Wes and David, it’s about the sequence or cadence of cash flow. So when you place an order, how do we think about kind of cash coming in, cash going out? Is it the moment that you place the order, it’s essentially paid for through a combination of prepayments and other financing? Or is there maybe a staggered payment plan? I would just appreciate your color on that. Thank you very much.
Wes Cummins: Yes. Lucas, so we’re getting – I would say we’re getting in a better and better position with that. So the first one, because we’re relatively unknown, we paid upon order, and then we get the prepayment after it was deployed in the future from that vendor, we get certain not 30 day terms. So we should be able to deploy, get the prepayment, make the payment to the vendor instead of make the payment deploy and get the prepayment, if that makes sense.
Lucas Pipes: That is helpful. And the financing when does that come in within that 30-day period.
