So we will, obviously the board and the management team will look at certainly opportunistic ways to de-risk the company, but again, that has to be accretive. And we would, like I said, just to be really clear and Paul can reiterate, we will not do a discounted deal capital markets transaction and a dilutive one. Those days are behind us, thank goodness and we are in a position of strength. So, and Mike, to your point on liquidity, we feel really good. We’ve come a long way as those of you that know me have been here now for about a year and a half and last year was a very tricky year that we navigated and finally got things kind of squared away in February of this year. So no, I think now everyone, there’s a renewed energy and excitement as we’ve kind of hit our targets here and are now going on to the next phase and are paying down debt.
Paul Prager: If I could just add to that, I think it’s Patrick’s job as the CFO to constantly evaluate capital markets opportunities. The problem is, if the market misreads the notion of an evaluation as opposed to doing a deal or not doing a deal, that’s just classic retail gossip and it’s unfortunate at times, but the answer is if it’s not a creative, it ain’t going to happen here. We’re certainly not going to sell our stock at a discount. It’s just not what we want to do, especially in the dilutive transaction. Our shareholders have been unbelievably supportive and loyal to us and I have a fiduciary duty to them, so that’s the way we’re going to go from here on out.
Patrick Fleury: Mike, your other two questions. The second was, I think on the halving for Paul.
Mike Grondahl: Yeah. Right and then power costs just late summer, Lake Mariner in the fall.
Patrick Fleury: Yes. Sure. Go ahead, Paul.
Paul Prager: I don’t have a crystal ball and in fact, I don’t want to have one. I think, sometimes some of our peers in the public miner sector think they’re investment managers and they want to decide what, the direction of Bitcoin is going to be on any given day. I’m in the business of mining Bitcoin and in that regards, I think I need to be better than everyone else at it by doing it at the lowest possible cost, at the highest possible efficiency and at the largest possible scale. I think if I do that, this company wins. We go into the halving really strong. We come out of it on the other side, making a ton of money. Naturally, I am very constructive with respect to the long term price of Bitcoin. But I think that if we just have the most efficient outfit, we’ll always make money and we’ll be in a position to continue to scale up and then we win, our shareholders win.
So, I think you’ve just got to keep your head to the grindstone and really work at it. You’ve got to constantly watch your costs, watch your energy costs you want to make sure that you’re the most efficient guy out there and that’s all we’re doing.
Patrick Fleury: Mike, and lastly on your power question, look, I think we’re, coming out of July and August here, we had a little bit of heat in upstate New York, which is rare. So, I think for September, October, November, you’ll see our costs, I think they’re kind of go back to what they were in kind of March, April, May, the shoulder months. That’s the beauty of Lake Mariner is we do get a couple of weeks in the summer that are warm. And so, we have elevated power costs and we get a couple of weeks in the winter that are cold. But the beauty, right, is being, 25 miles, 30 miles east of Niagara Falls, right? The river’s running 24, 365. So, I think we’re coming actually out of what has been some higher priced months and we’ll revert kind of back to that shoulder season. So, you should see, I think our power price is going to fall meaningfully.
