Change, one day, it's meaning 70% of the time, for the past year, it's been a non-event to go up or down 6%. Over 10 days, we can surge 17% or fall 17%. Anyone that is investing in HIVE has to have a great stomach for understanding volatility and hopefully using it to their benefit. I like this little visual from Bitcoin Magazine. Understanding risk, it is a volatile asset class. Next, please. Well, we're still very proud of having been number one, first to go public, first to buy Bitcoin, Ethereum, first to buy data centers, put them on our balance sheet, first to be 100% green with ESG strategy, and to be inter-listed with Canada, U.S., and Germany. HIVE uses 100% green energy in Canada, Iceland, and Sweden. We source geothermal energy in Iceland, hydro in both Canada and Sweden. Aydin is gonna talk more about that, and some of the interesting aspects of what we're doing. We did some other interesting things in the past year, but this is our ticker. We trade at German market, we trade Nasdaq, we trade at Canada. I'm really proud to say, you know, HIVE achieved record annual revenue, ended March 31st, 2022, of CAD 211 million and earnings of CAD 79 million. That's a huge 545% growth in Bitcoin mining hash rate. Also our digital assets were at the year-end about CAD 170 million. You think of that, we raised CAD 200 million, and we rapidly grew the digital assets in addition to expand and buy new equipment, and generate immediate cash flow. That's what's really unique about the HIVE story. Here's the numbers. I mean, pretty impressive. Darcy's gonna go and drill down through to explain more granular parts of this sort of financial company that's so unique. Next, please. Some of the big milestones, new strategic contracts signed with Blockbase, Barrage d.o.o., Boden Business Agency, Compute North, and New Brunswick Power. Always negotiating, always staying busy. We hit two exahash BTC mining and six terahash of GPU mining. The Intel deal of one exahash of ASICs for the future. Aydin's gonna go into more granular detail on that and where we are on that, progressing with that relationship. Also, before we get into some of the other parts, we have to understand these crypto winters. The past year has been a third one. I think it happened in the second quarter of last year, when Elon Musk came out and made negative statements on Bitcoin using coal energy. We saw all the stocks start to tumble and change the sentiment. We had a rally in Bitcoin after that, but still there was just a negative sentiment. It started to grow with regulatory arms and. The crypto ecosystem itself, the adoption continues to grow rapidly, but the prices were hitting new lows, and they fell into it looks like we are at the bottom or very close to the bottom. What happened is I try to explain to people is what's like a metaverse. In this world of playing Monopoly money over here of people rolling over their crypto, and there was such a hunger with zero interest rates to get big yields. People would post up their stake, as it's called, their coins, and they would earn an income on them. There was a lot of money started coming from retail investors to go into staking, and this was a real big difficulty because when Bitcoin started to unravel this year, that sort of Ponzi scheme needed fund flows always going in. A lot of these schemes were leveraged 100 to one, like Long-Term Capital Management in 1998 that almost brought the world down to a stop. You can see the repeat of the 2008 financial crisis where real estate was highly leveraged, and stockbrokers all of a sudden found they were leveraged 33 to one. This has happened many times in history when an industry starts leveraging its balance sheet 33 to one. I can share with you because I'm older, and in 1989, a top-selling book was called Yen, and the Japanese were trying to buy the Seattle Mariners. They were buying buildings downtown New York. Why? Their banks were giving them money, and they were leveraged at 33, 34 to one. That means a 3% error wipes out the capital. All of a sudden, two years later, you see all these Japanese banks are going under, real estate that has to be sold in America. It's a complete cycle. This cycle in the crypto space just happens faster. We have hedge funds. No one really assessed the counterparty risk. We have Celsius. We have Voyager Digital, that these companies went bankrupt, where they're taking money and allegedly promising FDIC insured on their money. It's been a real calamity. That whole proof-of-stake world of earning, staking your coins to earn these big yields all of a sudden started unraveling. Margin calls were between each other. It was like, as I said, it was happening over here in this sort of metaverse, and it started coming over to our world as all of a sudden people tried to cash out back into US dollars or any other currency. There was such a scramble. I'm taking a few extra minutes on this crypto winter, but it's really important to recognize overleveraged economies or countries. They all go through an implosion cycle. We had this happen in the crypto. It looks like the worst is behind us, but I think it doesn't go straight back up. For that, we are being very— Actually, I can give you more granular, but we're trying to plan out and make sure to being the most efficient crypto mining company is because how we plan, and we haven't made big promises in buying all kinds of machines that don't have electricity for them, or we've not built lots of facilities with lots of electricity, can have no money for machines. We try to make sure that spread between electricity and machines is not too great. There continues to be disruption around the world in the movement of products and, if you want equipment, whatever, there's always these delays and disappointments. Next slide, please. That's the end of the crypto winter. Hope the worst is behind us. Even during the crypto winter, we rolled back our stock five-to-one consolidation. We went from 411 million shares outstanding to 82 million shares. You can read the full press release. It was done on May 10, 2022. We felt that was important to do it for many reasons. One of the key parts is that, in the U.S., if you're under $5, many funds cannot buy you. And so you see it, if you also fall below $1 a share, you're forced by to be listed on Nasdaq to roll back. I think the first level is $2, and if you're down there for long, they'll tell you have to consolidate. And if you're down below $1, they call very quickly. We've avoided all of that sort of drama. A lot of shareholders don't understand, but there's lots of very compelling research in the capital markets that when a company like ours with revenue and cash flow does a consolidation, it has the highest probability of a rerating and getting a broader and deeper set of shareholders. That's what we believe is taking place and also makes the number of shares outstanding more comparable to our peers. When you wanna look at P/E ratios and cash flow, it's much easier to look for value. Next, please. Darcy's gonna explain this in greater detail, but really for everyone to understand, earnings come from two factors. Operational earnings, which are really key to cash flow, how many coins we're producing and how many we're selling, and then investment earnings, our total position. If you have a rising Bitcoin, then you can get two for one. That is, your holding position goes up along with your operational earnings. However, you can have where you're expanding your production and Bitcoin's down for the quarter and your hold position takes away from your operational earnings. To grow a business, you have to really focus on the operations. The operational cash flow is very, very key for any investor. There, for me, this is a very important visual of giving you a matrix, a cash flow performer matrix of potential changes with rising crypto prices. As you can see, if we start at the bottom at Bitcoin at CAD 20,000, Ethereum at CAD 1,000, our cash flow based on current production and G&A is about CAD 0.50 per share. What do a lot of stocks trade at? They trade at multiples in the data center business, 'cause that's what we're in. They trade north of 15x and up to 20x cash flow per share. That gives lots of upside potential based on that metric. Ethereum recently popped to $1,500, Bitcoin at $23,000. You can see the leverage that we offer shareholders that when Bitcoin goes back to $40,000, Ethereum at $3,000, our cash flow could be $2.20 per share. If you put a multiple of that of 10x, that's $22 stock price. That gives you an idea of a five-factor potential on the upside. Vice versa, which I think here is important for you, is that we're coming off the bottom. The next visual is a pro forma one. We're buying more machines. The Intel machines will be coming on stream. We're building up new places for electricity. Based on Bitcoin price today at $20,000 and Ethereum at $1,000, our cash flow is expected to be $0.70. However, back at $40,000, and Ethereum at $3,000, then we make close to $3. That's $2.90 in cash flow. That pushes the stock that has the potential to go to $30. This is sort of give you an idea of how to value, because I believe that what we're building for shareholders and owning these data centers on the balance sheet, et cetera, we're in the data center business. If you look at Canadian software companies, they trade at 27x multiples. We're extremely attractive both in U.S. and Canada. Revenue over the last four quarters, the momentum. Let's just give you a recap. The granularity of this will come from Darcy. You can see that it was rising until we went to this past fourth quarter. This year is our fourth quarter. HIVE's year-end is March 31st. As Bitcoin fell, Ethereum fell, our revenue fell. We didn't fall as much as Bitcoin. It fell. That's just interesting. Because we increased the production, and Aydin will go in through that, is showing you that we were able to offset. Something else that's really key is that in our performance, we put a difficulty, a very severe difficulty of, I think, close to 3% a month. That means that you'll have less coins each month as out of the whole universe of opportunity. Because for Bitcoin, it's every 10 minutes. There's a drop of the puck or a jump ball if you wanna use that as a metaphor. That means that there's more players trying to touch that puck than you're gonna get less Bitcoin. If less people are mining, you're gonna get more Bitcoin. If you're increasing your production, your machinery, you're gonna get more Bitcoin. We were able to offset that. What we're recognizing and seeing is that the difficulty rate has, for this past quarter, after our year-end, is actually slowing down. This is all for public disclosure for those that really follow the crypto investment industry. That's a double win that even though Bitcoin, Ethereum is down, if the difficulty is down and we're increasing our production, and we're able to get a bigger part of the overall coins being produced, it's very profitable for us. Next, please. Bitcoin mined by HIVE increased fourfold. I'm so proud of that. Aydin and the operations team, George Stylli, our CTO, and the other people, and Johanna, what she's been doing in Sweden, but in particular in Boden, New Brunswick and Quebec. It's just been great to see our petahash growing, even though Bitcoin came off, because it shows we can produce more coins. Bitcoin to Ethereum on balance, that's up threefold. That's exciting. You know, if you look at year-end last year, just under $60 million of Bitcoin and Ethereum, and we had more Ethereum than Bitcoin, for the year last year. Ethereum did have a bigger run going into December than Bitcoin, and we had a bigger HODL position, which we've taken some profits off this year. Interestingly enough, Bitcoin is now a big part of our overall HODL position. Next, please. Hashrate, growth rate. This is the combination of both mining Ethereum and Bitcoin. So you can see, it's growing, and that's what you wanna have. We were trying to have huge growth and we want to pull back and just be cognizant of all the supply disruptions and all the policies of various states and countries around the world so that we maintain this high efficiency relative to our peers. Next, please. You can see here that so often we're compared to Bitfarms and Hut 8 Canadian companies, and recently looking at Bloomberg, it said that we're trading at 4x earnings, and Bitfarms is at nine, and Hut 8 is at six. This changes all the time, but what's really fascinating to me is the huge P/E ratio that Riot and Marathon own. I would say that, you know, all of our peers, all the other four companies have great CEOs. These are first-class professionals, but it's the investment crowd, it's the hedge funds that play this space, that they are playing on this huge growth potential for Marathon and Riot, and both have run into energy issues. It's not to say that we don't have these challenges, but it's been much more severe, so they've not been able to increase their Bitcoin hash production relative to what was forecasted. Or B, they have a lot of employees, and I think that Riot has the most employees. I think that Marathon is similar to the number of employees we have. We would have more people in operations, but we still are very lean with approximately 20 employees. Bitfarms has many more employees, and same with Hut 8. On a value proposition, this is a simple way of looking at what the P/E ratio is, and if you look at a lot of the other companies, they've not delivered what was forecasted. The big reason for that is, it's just difficult. It's difficult with COVID. China opens up, China closes down. Most of the equipment is coming out of China. We are very, very sensitive and cognizant that, China's sort of paranoia over COVID and their, paranoid reactions and, that so we wanna be very cautious that we do deliver on our production and cash flow. I love this guy. He's a quant, uses a famous book called Cash Flow Return on Invested Capital. It came out of Chicago, about HOLT, and it was bought by Credit Suisse. He runs through a model, and it says, you know, where is our Cash Flow Return on Invested Capital, and then what's our potential? If you apply this model, it's a great way for screening, for stock picking, and there's lots of regression studies that show that if you only pick stocks in the top 10% that have the highest Cash Flow Returns on Invested Capital, you'll perform 99% of active fund managers. It's interesting. HIVE's numbers get put through here, and we have a six-fold increase potential, based on Cash Flow Return on Invested Capital model. Next, please. Simply Wall St, you get this on your iPhone, et cetera, and they recently said the sentiment's picking up for HIVE. What I thought was interesting when they said HIVE Blockchain Technologies may be sending very bullish signals at the moment with its P/E ratio of four since almost half of all companies in Canada in the technology sector, and they put us in the software. Interestingly enough, one exchange puts us in the fintech sector, but we're much more of a technology company, but the ratios are 13 x earnings, so that would suggest HIVE to be over $13 a share. Software companies on average have a P/E ratio of 27. We're extremely undervalued on a relative basis to the industries. Now I'm gonna turn it over to Aydin, our President and Chief Executive Officer, to get into some of the nitty-gritty of the numbers. Thank you, Frank, for the introduction. It has been a stellar year and a stellar quarter for HIVE. I'm gonna do a deep dive on some of our figures, as well as give an overview of where the business is at. First off the top, this is actually from Anthony Power. He covers the mining industry for Compass Mining, and he does really great research. What he's done is actually picked up on a metric that we introduced about half a year ago when all the miners started putting out their monthly production reports. Which is, you know, the gold standard of any bulge bracket crypto miner. How many petahash do you have running and how many Bitcoin, or in our case, Ethereum, have you produced? What happens is, as these operations start getting so big and, you know, people encounter energy crises in places like Texas and so forth, and, you know, even just running a multi-exahash fleet. As you get to scale, some people start to, you know, their knees buckle under their own weight. What I mean by this is not everybody's producing the same amount of Bitcoin for exahash that they should be. What Anthony's done, and we were presenting this info in some of our earlier presentations, but Anthony does a great job covering it, is the Bitcoin per exahash. What you'll see here, Hive did 131 Bitcoin per exahash in the month of June. You see a lot of our peers were in the 120 range, somewhere between 120 and 128. This is very key, and HIVE has emerged on top month after month for the last half year. It's because we run a tight ship. Our global teams are dialed in, and we've got a diversified energy portfolio. Again, HIVE's from Sweden and Canada. I encourage you guys to check out Anthony Power's tweets. Let's look at the next slide. Some exciting news here. George Stylli, our CTO, has received and has been working and testing with, and we've been having a lot of exciting calls, our first Intel HIVE miner. This is an actual photograph. We've applied our logo after for fun. This is a real product, you know. The street and the analysts take the Intel ASICs and integrate them into a functioning Bitcoin miner. Well, here's the answer to that question, and we're very excited about the performance. The big headline about this slide the day that George Stylli got it in through the courier, he said, "This is the most beautifully constructed, high quality ASIC miner he's ever touched, and he's been mining since 2011." We are very pleased, and we're very excited. Our team has weekly huddles with Intel. It's really a global effort. You know, we're talking to their thermodynamics team in Finland, obviously, the chip development team in Silicon Valley. They've got a wealth of resources, and we're working with Intel's preferred ODM, their outsourced development manufacturer that's worked with them. You know, some of the other proponents that have Intel chips, they're doing their own kind of liquid immersion, and they're trying to reinvent the wheel before they even got the first wheel rolling. We wanted to get the product to market. First, get it dialed in, get it robust, well-built, and operating in our data centers. We facilitated a visit actually to one of our flagship data centers for some of the Intel engineers. It's about really pushing the envelope forward and getting the product to market. We're very excited about that. We're gonna have more updates on this in the near future, but this is for everybody, our first photo of the actual HIVE Intel Bitcoin miner. Let's hop to the next slide. Now, we're gonna take a moment here just to address the market. As Frank mentioned, it's a crypto winter. ASIC prices at large have fluctuated. As we know, people generally think they fluctuate with price, Bitcoin price. What it actually they're pegged to, and all the Chinese manufacturers know this, it's actually the hash price. We're gonna cover that in a moment. Let's look at this chart. Year-over-year, we've already seen. Like, if you look at summer last year, ASIC prices have dropped about 40%-50%. Now, the three columns you're seeing here, it's either gonna be your most efficient stuff under 30 joules per terahash. Your sort of mid-range, 38 to 60 joules per terahash. This is actually put together by the folks at Luxor. It's called Hashprice Index, and they're really great, really great group. I always encourage, you know, whether you're a Wall Street analyst or a retail investor, you know, get smarter and get more, better insight into the industry. You could see that even just in the year-to-date, we've already seen fall in ASIC prices about 50-60%. Off the high from November, December of last year, we're down about 60%-80%, right? It's understanding that, you know, ASIC miners are like a commodity themselves, and it's all about deploying capital at the right time. You know, it's no fluke when we've got these, you know, CAD 80 million net income this year and two hundred and eleven million dollars of revenue. HIVE has a massive footprint. You know, we're not just about great projections, it's also about what we've done and what we've accomplished. It's just deploying capital and buying your ASICs at the right time that really those are the seeds to success, and now they've flowered, and so we've got some great year-end financials. Let's take a hop to the next slide. I mentioned hash price, right? Hash price is the dollar per terahash per day. This is actually a really great follow-up slide to the previous ASIC price slide, because you can see, for example, where we are today, right? Again, this is how much money, US dollars, would you earn for every terahash you had running per day. Right now, if you look closely at this chart, we're about $0.10 per terahash per day. Okay? Now, if you look at last summer, we're about $0.20-$0.25 per terahash per day. You think about that, and then you think that the ASIC prices have fallen about 50% since last summer. It all starts to make sense, right? It's very good, you know, again, if you're a retail investor or Wall Street analyst, understanding that these are the true market correlations that the bulge bracket crypto miners follow. We like to educate, you know, our shareholders, all the HIVE fans out there. You know, we like to be a beacon of intelligence to. You know, knowledge is wealth, and we want to create value for our shareholders, not just in with how HIVE performs as a company, but with what you can learn and get smarter on the sector. Now, you can obviously see that we were seeing hash prices about 35-40 cents in the peaks of last year. Now again, we're corrected back down to 10%. Sorry, ten cents a day. That's why we were seeing corrections from ASIC prices about 80% since those highs earlier this year. This is hash price. My last comment on this slide. Hash price is actually it takes into account Bitcoin price and difficulty, right? You're looking at the whole pie, which is very important. Sometimes people only focus on Bitcoin price. We introduce people to focusing on the hash price as well, and you can just Google it, Bitcoin hash price. This particular chart's from BitInfoCharts. It's a really great chart to catch up on. Let's hop to the next slide. This is from Hashrate Index again. Once you understand the hash price and you know how to look up the hash price, right, then you can start doing really fun things and looking at this sector. For example, right, we know our hash price is about just under $0.10 right now. If you go, "Okay, well, I mean, are people still mining with Antminer S9s?" Well you could say possibly, and you look up this table, you go, "Okay, hash price breakeven is about $0.096 for the Antminer S9 if you've got $0.04 power." That means if you're paying $0.04 power or less, you could actually mine profitably with an Antminer S9 right now. We just hedged about 24 MW at $0.03 in Sweden, so we could mine profitably with Antminer S9s in Sweden. I mean, we have more efficient gear that we're running out there of course, but. 'Cause now you kind of understand the landscape of crypto mining economics. Again, this is, you know, and HIVE is emerging as the most efficient miner month after month. We understand these energy dynamics very intricately, and so we always make sure that we're operating, you know, the best equipment that we can buy at the best price as well, and allocating across our facilities. Now if you look at like something like an S17, you know, and again a breakeven hash price of $0.096 towards the bottom of that column, you see that, okay, well your breakeven would be nine-cent power, right? So if you had 9-cent power you'd be breakeven, so anything below is a profit. This table has been comparing the hash price in dollars per terahash to breakeven electricity prices in dollars per kilowatt hour, which is a great one to be aware of. Now we're gonna hop to another slide. Let's move forward please. Here we actually do an even more intricate analysis, but this is even more insightful, right? This is your master's class in Bitcoin mining. Here we actually represent your revenue in dollars per kilowatt hour. The reason why we do that is because people pay for electricity in dollars per kilowatt hour. Here's another interesting thing, because we also mine Ethereum at HIVE, we can then track the revenue based on energy compared to Bitcoin and Ethereum. This is an industry-agnostic table. This is showing you a sweep of Bitcoin mining difficulty, right? From about 22 trillion up to 31 trillion. We published this. This is on HIVE Intelligence. Just presented on this at the Bitcoin Mining Council yesterday actually, globally. In the other column you've got the machine efficiency, right? Right now we're at 29 trillion difficulty. You can see if you look at like an S19, 30 joules per terahash. You look that up on this table, you get about CAD 0.12/kWh. Okay, that's good. You got 35 joules per terahash, you're gonna get CAD 0.10/kWh. Like, why is this, why this is really important, like, so for example, in Lachute in Quebec, you know, it's about CAD 0.04/kWh. We could run our M30S because we're hitting $0.10, a little over $0.10 revenue. This is in a bear market by the way. The input to this slide is $20,000 Bitcoin. That's the input variable. You change the prices, this whole table will change. In a bear market we can run at 60% profit margin in Lachute with our M30Ss. Now, if you think about Sweden, remember I mentioned we just hedged 24 MW at $0.03? Well we can run. We've got some Canaan that are about 40 joules a terahash doing $0.09 revenue. You go $0.09 revenue, $0.03 power, we're running almost 70% profit margins in Sweden for the ASICs that we mine with in a bear market with Bitcoin at $20,000, right? Again, I get back to being the most efficient, allocating your resources across your data centers globally. Hive has a fantastic diversified energy portfolio between Sweden, Iceland and Canada. When you understand the intricacies and these nuances, that's why we, you know, we can send different equipment between different data centers as we get newer hardware and how do we optimize our fleet. Here's another point. I mentioned Ethereum mining. Well guess what? Our Ethereum flagship fleet, our legacy fleet that's been mining since 2018, our RX580s, they're doing CAD 0.25/kWh. Right now, CAD 0.25/kWh. So, you know, these Bitcoin mining numbers are great. You know, we're seeing a range between, you know, maybe CAD 0.09-CAD 0.12. Our legacy fleet of Ethereum miners are CAD 0.25. Our data center fleet, our NVIDIA GPUs are doing CAD 0.35/kWh right now. It actually shows you when you look at revenues in dollars per kilowatt hour, you can understand the entire landscape of your crypto mining operation. Anyways, this is a really fun slide for all the numbers geeks out there. We've gone granular. Now we're gonna zoom out for a moment. You know, the original HIVE is the first public crypto miner and of course, Bitfarms and Hut 8, we all went public around a similar time. We're sort of a legacy crypto miners, right? They, you know, long-standing, been through two crypto winters each. This is actually a snapshot of how our fleets have been upgraded with time. These are from recent monthly reports. As you look at the total equivalent Petahash and the total megawatts globally, you actually see that HIVE, we're running about 20 PH/MW. Bitfarms is a close second with 25 PH/MW, and Hut 8's at 21 PH/MW. Why this is important, as you know, the more efficient your machines are, the lower your breakeven price is, and thus the more profitable you could be, right? This is you zoom out one level. Instead of looking at an individual machine, you look at a company's entire fleet. This is a handy sort of analytic reference for looking at company by company. Now, we've talked a lot about numbers and analytics, but there's a whole nother side of the HIVE story, right? Where we were ESG before it was cool, right? HIVE, green and clean miner, and so we've been doing some really cool stuff, right? In Sweden, we've actually got some greenhouse concepts and the renderings are actually pictured here, and we hope to be in short order the Cucumber Kings of Sweden. In northern Sweden, specifically where our Boden facility is, we're in discussions to get a greenhouse going where we can grow tomatoes, cucumbers, and other vegetables. We're very excited about that. Let's look at the next slide. Now in the same note, we've also got, and this is actually happening today. These are new, well, this has been happening for a while, but these are new photos that we've just added to our deck. Because what you actually notice is you see this array of pipes. What you're actually looking at, this is at Lachute in Quebec, 30 MW. 30 MW of power coming out of our 40,000 sq ft data center, actually heating our industrial neighbor. That's a 200,000 sq ft building, and they're a swimming pool manufacturer. Completely unrelated to crypto, and as most of you know, Canada, especially Eastern Canada, it gets very cold during most months of the year. We're actually reusing our heat energy to heat our neighbor. This has been happening and it's just one example of how HIVE is always thinking, "How are we gonna be the most sophisticated and ESG conscious crypto miner, as well as being the most efficient miner when you look at our numbers and analytics?" Quick update on our infrastructure in New Brunswick. We're 60 MW built out and the aerial photo there actually we'll update that very shortly 'cause the fourth building is actually complete. We've got machines arriving weekly that are getting plugged in. We've got an exciting update in terms of by the end of this year we'll be at over 3 EH of pure Bitcoin mining. This is our June 2022 production figures. We press released this recently. Right off the top, we did 420 Bitcoin equivalent in June. That's 14 Bitcoin per day equivalent, right? Comprised of 278 Bitcoin and it's a little over 2,500 Ethereum. June was a knockout month. Again, we were most efficient in the industry, and our total Bitcoin equivalent hash rate was 3.5 EH in June. We actually peaked. We went through an optimization exercise at the end of the month, so we're about 3.2, 3.3 right now. That's all fine and well. We're in the process of rising up. Next slide, please. Over here we've got our overall infrastructure portfolio. As mentioned, we've got New Brunswick at 60 MW right now. Our total operating footprint is 134 MW globally. Just within a couple months, right, you know, we're gonna be at 100, almost 160 MW globally. These are all our existing data centers. This is nothing that's out of reach. This is all within striking distance projects that are just putting the finishing touches. As it stands right now, we've got 7 MW of completed infrastructure available and to grow into. Again, we've got ASICs arriving almost weekly, and in about two, three months we're gonna have 30 MW of existing infrastructure to grow into. That's gonna allow us to hit all of our hash rate growth targets. On that note, I'm gonna turn it over to Darcy Daubaras. Thank you very much, Aydin. Thank you everybody, that's on the call today. We're really excited to get our year-end results out, and we're really excited for the future, as Aydin and Frank have talked about in terms of our growth that's been driving us over the last 12 months. As you can see, we've got a very healthy balance sheet as we've continued to maintain over the last four years I've been with the company. We have been using, as Frank had mentioned, some of our cash on hand to do our expansion, make sure that we can HODL our coins and help to keep ourselves strong through this, these down times in the markets, even though we have been repaying debt on a monthly basis throughout the year. Next slide, please. This slide talks about our very strong profit and earnings per share, even though it's fallen down into a negative position as a loss per share year-over-year. A lot of this has to do with the adverse effect that we had due to an accounting requirement where we had to do a goodwill impairment on our New Brunswick facility. It's all non-cash, but it does affect our bottom line, as you can see in our loss per share that we had. Still very strong gross mining margins that we've got here, even though the BTC has been falling a little bit and Ethereum over the last couple of months. Next, please. As Frank and Aydin have talked about very eloquently, we have continued to increase our hash rate over the last 12 months, and that's been the driving force to HIVE being successful and getting a much higher revenue year-over-year with the additional Bitcoin that we've been able to mine month-over-month from our flagship facility in New Brunswick and the money that we've been putting into that to expand it in terms of its hash rate capacity. Next, please. Even though we've seen the Ethereum difficulty rising, you know, month after month, day after day, we're continuing to stay strong in terms of the number of Ethereum we've mined have dropped, but we've been able to continue to have that as a good base for the company because it's continued to drive us forward throughout the last four years and given us the opportunity to build our Bitcoin mining facilities. Next, please. This just once again visualizes the drop that we've had in terms of the numbers of Ethereum that have been mined, but a lot of times that has been offset by the increase in the Ethereum price over the last 12 months. We've got a really good balance there. We're continuing to stay strong, and the improvements we've made on our GPU cards for the mining of Ethereum has been very beneficial to us. Next, please. What we're looking at here is year-over-year comparison of the revenue and gross mining margin for the period, January through March in 2021 and in fiscal 2022. As you can see, as I've talked about that revenue increase up to CAD 49.8 million in the fourth quarter, driven by the increase in the Bitcoin that's been mined, from Q4 of last year to Q4 this year of over 600 Bitcoin. So that continues to drive us forward and gives us a very strong stability, for our operations and expansion moving forward. Unfortunately, once again, that gross mining margin has dropped down a little bit because it was a very cold winter in Canada and the electricity prices in New Brunswick were very large compared to what we see in some of our other facilities. Next, please. This just takes a look at the Q3 view versus Q4. As we can see, the revenue has dropped off a little bit. Some of that had to do with some downtime we need to take in Canada with the electricity providers. We had to do some curtailment during that period. Also, as we talked, the gross mining margin has dropped as a result, partially of the increased electricity costs that were experienced. Next, please. This is taking a look at one of our non-IFRS and non-GAAP measured, our adjusted EBITDA. This is where we make adjustments to the EBITDA to make it a little bit more comparable and understandable to the markets. All of this information is included in our MD&A, which is posted on SEDAR and on our website. I encourage people to take a look there, see that, and as we can see, the net income loss. You know, part of that has to do with the impairment that we took on the New Brunswick facility on the goodwill and the intangible assets, all non-cash. Also, as Frank had alluded to, we've made an accounting change this year in the treatment of our Bitcoin and Ethereum holdings. When we do the mark-to-market, those used to be flowing through income, but now it's flowing through below the line. Those gains that we were seeing on unrealized gains aren't being shown up in the net income anymore. Next please. A lot of accounting talk. Ethereum mining margins, as we continue to see our adjusted EBITDA from the prior page has dropped down. Net income has dropped also. Still maintaining a good strong gross mining margin even though we experienced those higher costs during Q4 of this year. Next, please. I want to, on behalf of the HIVE team, thank all of our shareholders and investors, for listening to us. An exciting time at HIVE. We're continuing to drive forward. As Frank and Aydin had talked about, there's very exciting things moving forward. I wanna make sure that all of our shareholders and anybody listening, don't forget, you can find all of our updates by following HIVE on our various social media platforms, as you can see there. You can also read the full earnings press release on our website. This concludes today's webcast. I thank all of you for tuning in today and look forward for a very strong crypto momentum moving forward. Thank you.