So, I think they’re just looking right now at debt maturity as a primary issue and they’re being a little heavy handed in shortening the stock. I think they’re making the wrong bet. I’ve continued to purchase throughout, and again as I’ve indicated earlier, I’m prepared to move my debt, which is the senior secure position, with lender’s approval into our stock at a premium to its current market. So, I think at some point, it provides a great opportunity for those invested in the stock to squeeze the shorts. I mean I don’t know if CEO really supposed to focus on how our stock trades, but I think it’s pretty thin out there and with Bitcoin prices going up, with ETF approval, I think that you’ll see that we’re the most levered play out there. I think a lot of folks will roll out of companies that are sort of into the HODL strategy as opposed to companies that mine at reduced costs and generate lots of Bitcoin, particularly with the ESG component on top.
So, I think they’re wrong. I think it’s our job to prove them wrong, and that’s what we intend to do.
Unidentified Analyst: All right, Paul. Thank you. That makes sense. I mean, the debt is a function of how you scale so quickly and you’re the low-cost producer, so going into the halving, that should resonate. So, is there any other actions that the company intends to take to really put exclamation point behind TeraWulf as a leader in the space?
Paul Prager: Listen, we’re looking at everything, all the tools in the toolkit. So, as we think about our debt, we talk to our lenders routinely. Patrick has a great working relationship there. If there are ways to optimize that in the best interest of the company and our shareholders, we’ll do that. We look at strategic acquisition opportunities all the time, consistent with their ESG core focus. And separately, we’re already scaling here. Building 3 got up real fast. We’ve got a very — Building 4 is on the way. And I think that we are opportunistically structured in terms of our agreements with Bitmain to sort of pay for new machines whenever we want to, as opposed to right now we are paying for some and we’re hosting some.
So, I think we’ll get there. I have a lot of confidence in the approach. And again, I think the shorts out there are just too focused on the debt maturity, which is nine months — or currently, as it stands, it’s nine months past the halving. And we’re a free cash flow sweep till then. So, I think we’re in pretty good shape.
Unidentified Analyst: All right, Paul. Thank you very much. Thank you to your whole team.
Operator: Thank you. We have reached the end of our question-and-answer session. And with that, this will conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.
