But go ahead, sorry, I interrupted you.
Kevin Dede: No. I was sort of looking at it from an operating perspective as well, right? I understand that that’s a lot of heavy equipment to turn on and off when you are burning coal and creating steam and running the turbine. So, I guess what I was wondering is how you factor that in, right? So, Matt’s alluded to a power curve that looks really beneficial for buying power. So, my takeaway is, hey, shut the power plants down, right? If you are not going to need them until summer peak months, right, do you just go cold?
Greg Beard: Yes. I think that’s what you can expect. We may end up running, it’s not €“ it’s almost that simple. But because we have something called demand charges, and we have the need to sell more power to the grid and we buy from it across two plants. There are nuances to that answer. But a generality is, yes, if over the next period of time, we are expecting the power prices to be in the 20s, it makes sense to shut them down and to buy power. With the caveat being, hey, there might be situations where we need to make power to quote net out and deliver more power the grid than we are consuming. And that would €“ that could end up saves more on a net basis than just buying power in that way, which is as a generator, it’s unique to us.
I think a lot of Bitcoin miners are under PPAs that don’t have this kind of flexibility. And they probably aren’t as transparent as we are in terms of what the net power costs are given that our cost we can describe as an all-in basis includes transmission, includes tax and includes ancillary fees that others might not be disclosing. So, I think if you were to study us over a period of time, I think you would you would determine that we have to have among the lowest cost of power of any minor given our asset base.
Kevin Dede: Okay. Fair enough. And you have alluded to having maybe 14,000 plugs to 15,000 plugs available. I am wondering how you might characterize Foundry’s appetite and whether or not we might expect them to go from the 4,500 miners you said they have deployed with you to using more of those plugs or how €“ I guess how should we think about your timeline to purchase given your four exahash target?
Greg Beard: Yes. So, I think the guidance that we are giving is towards the end of the year, that we will have the data center full. But it was certainly €“ I don’t want to make any comments on any other miner on whether they are going to host with us, expand with us or not, that’s sort of they should answer their own questions as what they want to do. We €“ it’s publicly known that these slots are available. And we intend to fill them. If we can fill them, there are a variety of ways to do that. One is just to go buy the miners. A second would be to do a hosting deal like we have done with Foundry. A third could be a blended deal where you could say, do a miner for equity exchange. And probably a variety that I am not even mentioning here, but I think it’s a €“ to have the slot empty in conjunction, there is a slot being empty with our low cost of power, expect them to be filled by the end of the year. That’s what we aspire to do.
Kevin Dede: Fair enough. Matt mentioned an additional 25 megawatts. Is that a Panther, complete inventory ready to power or supply another 25 megawatts for mining?
