Geoff Morphy: Correct.
Kevin Dede: Okay —
Geoff Morphy: In fact there’s probably more miners than that, so that if we were given other opportunities, we should be able to flex beyond 6 exahash with that credit as well.
Kevin Dede: Well, so that’s kind of where I was going. There has been some talk there is an opportunity for expansion in Washington, U.S. There’s Hydro-Quebec that’s offering, I think, 260 to 280 megawatts. And then I think there has been some news, out of Paraguay, with more Bitcoin miners going there. And I was wondering if you could sort of round out anticipated expansion in those geographies?
Geoff Morphy: Sure. In Quebec, which is our home base, where we have seven operations, the RFP is still there, but suspended by changes in the political government. We’re still hopeful, and we continue to participate in discussions to allow that RFP to roll out in a way that’s beneficial for the province of Quebec, as well as beneficial for us. We can’t give you any estimate or any guidance on when that will come to play. In fact, there is some factions that would like to see that cancelled. We think we bring a considerable amount of value to the province of Quebec, and we’re supported by the towns, and the mayors, and the MPs where we do our operations. And we see the opportunity to set up in towns and cities where there’s a lot of surplus hydropower, employment that is necessary, skilled labor that exists for some of the forestry and mining industry.
So, we’re excited about Quebec. But at the moment, we can’t count on it given the moves by the province to get the new rules of the RFP in place. So, that’s there. Washington is a wonderful area where we had successful operations, and once again it’s hydropower. And we’re seeing both greenfield opportunities, brownfield opportunities, and acquisitions in that area; discussions continue. So, that’s a bright spot. Paraguay; Paraguay, we were very excited about. And probably about this time last year I was telling you how excited we were for it. They’ve got a surplus hydro load there that we’d love to take advantage of. But since then, they brought in some rules that resulted in the tariff in that area increasing probably too much. And it seems to have poured cold water on the interest of us and a variety of other miners going to Paraguay.
We think this is a mistake. In fact, I am headed to Argentina and Paraguay later on tonight to have some of those discussions with those people to try to bring some more reasonable balance to what they want in exchange for power costs per kilowatt-hour, the (ph) or the curtailment factors, and things like that. But Paraguay, in the meantime, it’s an election year. And as such, things are somewhat shelved until the election goes through. So, we don’t expect really much change in Paraguay until later this year. But yes, there is one Bitcoin company that’s announced that they’re going into Paraguay with a 100 megawatt opportunity. And we wish them good luck. This time, last year, we were working on multiple 100-megawatt opportunities in Paraguay, and they’ve been put on the shelf based on some of the current announcements.
Hopefully that covers some of the geographies you asked about, Kevin.
Kevin Dede: Absolutely, all of them. Thanks, Geoff. One last question for me before I turn the floor over, can we talk about mining efficiencies? You noted on the slide deck you’re now at about 36 joules per terahash, I think as of February. I’m wondering, if you look across the fleet and the leftover credit that Mr. Lucas has spoken to, is there thinking internally about how you might consider optimizing machine performance to push that efficiency lower or higher, depending on your perspective?
