Jeff Lucas: Sure. So, let me start off with that, and then Geoff can maybe fill in as well here. We made the conscious decision last year actually to use our Bitcoin holdings to pay down a lot of our indebtedness and to — for deleverage the company overall. We recognized and adopted the strategic intention at that point in time that we feel investors ascribe greater value to our financial performance than they do in our results simply, and to building up treasury of Bitcoin which, today, of course any investor can do on his or her own here. The important point to keep in mind going forward is that while we’re looking at growing the business, we want to do so to be (ph) and with as minimal dilution to our shareholders as possible.
With that in mind, Bill, what’s going to drive our treasury strategy, going forward, is utilizing the Bitcoin from production to meet, of course, our operating expenses and our debt service requirements. And to the extent it makes sense to contribute to our capital expansion plans as well. As we continue to see and if we continue to see an improvement in the hash price, that is, of course, the amount of revenue that we derive from a terahash here, we may be in a position here where we’ll be generating greater post revenues above and beyond our operating expenses and our debt service requirements. At that point in time, we may give consideration to be and to build up our treasury reserves. But again, the overarching goal here is to minimize dilution of shareholders.
We would rather use our assured BTC proceeds than we would actually engage in the ATM to fund the growth of our business going forward.
Bill Papanastasiou: Thanks for some great color. Just moving gears — shifting gears to Argentina. Do you think there’s more to the opportunity there, and why the team remains so bullish? My understanding is that the — that there is significant amount of natural gas, and it trades at a discount. Can you add some more color to that? And we’ve recently seen natural gas prices reduce this year. And I am wondering if you are able to comment whether this reduction in natural gas could have an impact to the power cost that you’ll be drawing on in the future through Albanesi or the other — the energy provider at the site?
Jeff Lucas: Absolutely. Yes, so lower natural gas prices will help us as well as and the other miners that are describing power from natural gas or electricity. In Rio Cuarto, Argentina, the whole country benefits from the fact that, I think, it’s the third — it’s a country with the third largest reserves of natural gas in the world. I think they are second or third in oil reserves as well. So, they are energy rich. And, what’s also a benefit to us not necessarily a benefit to them is being in the Southern hemisphere, a long away from the population centers of the world, there is no LNG terminals. It’s hard to move that oil and natural gas anywhere else. So, there is just like what we look for in hydro, surplus hydro. They have surplus energy in the form of natural gas.
