This meeting is being recorded. ... Blockchain Technologies financial results for year ended March 31st, 2023. On slide two, I would like to briefly note disclosures. Except for statements of historical fact, this presentation includes forward-looking information within the meaning of the applicable Canadian and U.S. securities regulations. These forward-looking statements are based on expectations, estimates, and assumptions as of the date of this presentation. On the next slide, I'm pleased to introduce today's presenters, Frank Holmes, Executive Chairman, Aydin Kilic, President and CEO, and Darcy Daubaras, Chief Financial Officer. I would now like to hand the presentation over to Frank Holmes, Executive Chairman, for a macro overview. Frank? Thank you, Holly, investors and shareholders for living through an incredible rollercoaster year. I want to give a macro recap, where we've been and where I think we're going to go, and then Aydin is going to get into the granularity of the operations and so much interesting opportunities, so for which we call blue sky potential. Darcy is going to go through the financials and give you more color on it. The DNA of volatility is understanding risk, and it's so important that investors and shareholders and traders understand that one standard deviation means approximately 70% of the time, it's a non-event for an asset class to go up or down a certain percentage, and each asset class has its own unique DNA of volatility. Gold, pre-COVID, was 2%, now it's 1%, and in fact, it's less volatile than the S&P 500. Bitcoin is three times as volatile as gold. You can see on the data, and it's actually less than Tesla. MicroStrategy is much more volatile than Bitcoin, more than two times. HIVE, also, the most volatile of them all. I think part of that is that last year we were mining Ethereum, and then we cut over and we're mining just Bitcoin, and we're positioned, as we'll tell you in the story, for AI. Next, please. We're first to go public in September 2017 as a crypto mining company. First to develop its own ASIC mining rig, first to buy our data centers, first to be totally focused on green energy, now reusing that energy, in addition to balancing the electrical grid. I've got a phenomenal team, and I'm so happy that I've turned over the CEO responsibilities to Aydin, he's done a great job, and I can stay at the macro and stock strategy. Then we have Darcy Daubaras, our CFO, and Johanna Thörnblad, who is right now in Sweden, and Gabriel, who's our general counsel. Everyone's been working 60 hours a week, sometimes in a crunch period, 80 hours. It's an incredible team, and this shows up because when you look at us versus our peers, our revenue per employee is the highest of all of our peers. HIVE is a green energy focused in Canada, Iceland, and Sweden. Sorry, this is looking at a greenhouse, another part of our unique strategy. We've seen this and we've done the due diligence. This is a greenhouse that's in Amsterdam. It is basically six football fields. It's using 2 MW of electricity only. Now, these are the robots that are used to basically pick all the peppers, the red peppers. Our vision for Sweden is going to be cucumbers and tomatoes and peppers. It's really remarkable what you can do with robotics. Also, part of our ESG strategy is to be involved with the community. We've sponsored the hockey team and the HIVE Arena. We're donating money each year. It's also creating more great hockey players. There's 12 teams, kids, little kids are learning how to play, and this area of Boden has delivered something like three NHL superstars that have won Stanley Cups. Next. HIVE's vision to provide food security to local communities and a co-creation Project H in food sustainability. This is really important, especially after coming out of COVID, and this will also, the recycling of that electron of electricity from our data center to go into heating a 90,000 sq ft facility, is just remarkable, and we actually could almost say we create a carbon credit. Next, please. HIVE will performance Bitcoin and gold and S&P year to date, but remember, it's extremely volatile. It moves with Bitcoin. We're up 221% this year. Spot gold is up, as you can see, modestly 4%, S&P is up 14%, Bitcoin is up awesomely at 84%, HIVE is more than two to one here. The BTC hash rate to BTC price, something that's really been odd, it's a challenge that we've had to go through last year. Bitcoin price is falling, scandals galore, the difficulty continued to rise. This is a visual showing that. That means that there's more people competing for the same 6.25 Bitcoins every 10 minutes. That's just one of those parts where we've been focused on how do we increase our hash rate so that we can remain at 1% of the network. Our goal in the next three, sorry, six months is to... Aydin will give you more granularity, but it's basically to take us up to 6 EH/s, which would be 2%, but I think as the difficulty continues, as Bitcoin rises, it's just the reality of more people wanting to participate in mining Bitcoin. Interesting, Bitcoin has been the dominant leader. It's surpassed 50% of all the altcoins. Many of them have been thrown off of exchanges due to regulatory reaching and pronouncements, et cetera. It, Bitcoin, there's no doubt, is the leader of the pack, and Bitcoin is not marred with the proof of stake. It remains a dominant digital asset focus as proof of work. I love this visual. It's just the Fibonacci spiral, and it basically shows you that every four years, the halving is gonna take place, and Aydin is gonna give you more granularity in our strategy to manage this risk. Not only if Bitcoin is not at $60,000 this time next year, with the halving, you'll start to lose money. The thought process of Bitcoin is going to rise, and you have to have the most efficient, and if you're buying new machines, you gotta be so careful that you're gonna get your money back. Capital structure, we're very frugal in what we do, with options and with our issues, and we have about 84.2 million shares outstanding. We trade on the TSX, we trade the TSX Venture Exchange, the Nasdaq, and the German exchanges. This is another visual we're talking about Bitcoin, as you can see. We follow with Bitcoin, and it does impact your revenue. As revenue has declined because Bitcoin has declined. One of the also significant factors here is the Ethereum, the impact Ethereum, and it basically left from the. You can see here on the Q2 of 2023, that drift is falling to 14. Not only Bitcoin price is falling, but Ethereum went to proof of stake. This is a nicer, cleaner visual for that, and it shows you that Bitcoin mined by HIVE per quarter, it hit 858, and it includes the equivalent of Ethereum being converted to Bitcoin. Going into Q3, last year, at the end of September, that revenue declined, and it declined again as Bitcoin prices fell dramatically over the FTX drama. We were able to increase our hash rate, and so we were able to increase our Bitcoin production. What I wanna show you here, this little swirling tornado, is that everything is basically trading in step with Bitcoin. What's interesting is that all these companies have different fundamentals, and Aydin is gonna give you some granularity on the difference on the financials, but they seem to have a quant model out there that they all move by the minute with Bitcoin prices, and some correlate higher than others. This is just a classic visual showing you that HIVE correlates 86% of the time with Riot, 96% of the time with Bitfarms, with Bit Digital it's 93%, Hut 8's 94%, Marathon is 83%. You can see that HIVE's correlation with Bitcoin. It's just, it's important to recognize that this happens in gold stocks. It's the price movement of gold that dictates the performance of the stock. Over time, we believe that the fundamentals will prevail. I've always believed that green and clean Bitcoins would, over time, become more valuable as a digital asset because the supply is capped at 21 million Bitcoins. Like Andy Warhol art, when supply is capped and adoption expands over time, the value of his prints have gone up substantially. With the explosion in ordinals, we're experiencing new growth with special numbered Satoshis. This is showing you the innovation in Bitcoin ordinals. All that does is just one of these opportunities in the Bitcoin network to enjoy more revenue as you're validating transactions. I'd like to turn the conference call over to Darcy Daubaras, our CFO, to give you an idea of where our financials are, and then Aydin is gonna give you much more granularity on ordinals and HPC strategy, where we're taking the company. Thank you, Frank. Now I'll be taking you through a snapshot of the 12-month year, looking at the most recent quarter also, and the indicators for the year. Next slide, please. Because it's been such a tumultuous year, I'd first like to remind our listeners that our earnings are comprised of our operational earnings, plus our investment earnings, which includes realized and unrealized earnings, a lot of which, especially this year, have included non-cash charges. Moving on to the next page, mark-to-market is an accounting practice that involves adjusting the value of an asset to reflect its value as determined by current market conditions. The market value is determined based on what a company would get for the asset if it was sold at that point in time. Mark-to-market losses are paper losses generated through an accounting entry rather than the actual sale of a security. The swings in digital assets impact paper profits and losses each quarter. Our Bitcoin and previously Ethereum digital assets do generate unrealized gains and losses each quarter, depending on the movement of the current underlying currency. It is important that investors understand the differences in operating earnings or losses, in addition to mark-to-market paper gains and losses each quarter. Non-cash charges are write-downs or accounting expenses that do not involve a cash payment. Depreciation, amortization, depletion, stock-based compensation, and asset impairments are common non-cash charges that reduce earnings but not cash flows. During this current year, just finished, we took significant non-cash charges, the majority reported in prior quarters, as a result of the continuing bear market that we are experienced during fiscal 2023 and continues, and these are required under accounting prescriptions. The first were impairments under IAS 36 on mining equipment of $70.4 million, which are required due to the indicators of impairment that were present in the continuing bear market, significantly the decline in the Bitcoin price. A provision against deposits on mining equipment of $27.3 million, based on an assessment of these deposits made on purchase orders and the expected delivery of the equipment. With the overall bear market and the decline in Bitcoin and cryptocurrency prices in general, we experienced a non-cash downward revaluation of our digital currencies of $70.9 million, an impairment of our investments, which are strategic cryptocurrency entities, of $13.4 million. These combined non-cash charges of $182 million had a large effect on our reported net loss for the year. Moving on to the next page, please. This is a snapshot of our fourth quarter 2023 financial results. During the quarter, we had total revenue of $18.2 million and adjusted EBITDA of negative $1.3 million. During the quarter, we produced 792 Bitcoin equivalents, and currently, the cost of Bitcoin produced in that most recent quarter was $17,928. Moving on to the next page, please. These are the results for the year ended 12 months, March 31, 2023. We had total revenue of $106.3 million, adjusted EBITDA of $23.2 million, a strong balance sheet position with digital currencies of $65.9 million, a gross operating margin of $50.6 million, and during the year, mined 3,258 Bitcoin, and the equivalent mined Bitcoin was 3,503. Moving on to the next page, please. Even though it was a tough bear market, we ended the year of March 31, 2023, with a healthy balance sheet. Our cash positions stood at $4.4 million, along with an additional $65.9 million in Bitcoin digital currencies. We also had $9.4 million in amounts receivable and prepaids. The market value of our strategic investments fell during the quarter as a result of the current general market instability spoken about previously, bringing it down to $2.9 million. We do maintain a strong net cash position and healthy working capital to fund our operations and growth. Next slide, please. This is a summary of the Bitcoin that we hold on our balance sheet year-over-year. On March 31, 2022, we held 2,596 Bitcoin. At the current period, ended March 31, 2023, we held 2,332 Bitcoin. On to the next slide. Our gross operating margin, which equates to our total revenues minus direct operating and maintenance costs, decreased in absolute dollars to $4 million or 22% in the most recent quarter, compared to $22.9 million or 46% in the prior year comparative. Gross mining margin is also partially dependent on various external network factors, including the high mining difficulty we are experiencing, the amount of digital currency rewards miners receive, and the market price of the digital currencies at the time of mining, which is significantly lower than it was in the prior year. In this most recent quarter, we are reporting a loss of $0.08 per share, compared to a net loss of $0.43 per share reported in Q4 last year. In the next slide, in looking at our year-over-year revenue, we generated total revenue in the fourth quarter of fiscal 2023 of $18.2 million versus $49.8 million in the prior year fourth quarter. The decrease in revenues versus the same quarter in fiscal 2022 can be attributable to three main headlines. The ever-increasing Bitcoin difficulty hash rate over the past year, the significant drop in the price of Bitcoin, and to a significant extent, the Ethereum merge that took place in September of 2022, as this current quarter and our operations moving forward does not and will not include any Ethereum revenues. This triple punch contributed strongly to the significant drop in revenues that we experienced. As mentioned previously, our gross mining margin, which equates to our revenues minus direct operating and maintenance costs, decreased in absolute dollars to $4 million in the most recent quarter, compared to $22.9 million in the prior year comparative. Turning to the next slide, comparing our current fiscal Q4 quarter to the previous Q3 quarter, we generated revenue in this fourth quarter of fiscal 2023 of $18.2 million, versus $14.3 million in the previous quarter. The increase in revenues versus the prior quarter was impacted by a stronger price of Bitcoin. As mentioned previously, as the Ethereum merge took place in Q2, neither of these quarters had any Ethereum mining revenues in them. Our gross mining margin increased in absolute dollars to $4 million in the most recent quarter, compared to $3.6 million in the prior year comparative. Proceeding to the next slide, our adjusted EBITDA decreased in this fourth quarter of fiscal 2023 to a negative adjusted EBITDA of $1.3 million, versus a positive EBITDA of $11.8 million in the prior year comparative quarter. I will highlight that adjusted EBITDA is a non-IFRS figure. In the fourth quarter of fiscal 2023, we experienced a loss of $7 million compared to a net loss of $34 million in the prior year comparative. This change was driven predominantly by significant non-cash charges experienced last year, the largest being impairment of goodwill and intangibles of $13.3 million, and a loss on investments of $13.1 million. Moving on to the next slide. Our adjusted EBITDA decreased in this fourth quarter of fiscal 2023, comparing it quarter-over-quarter, to negative $1.3 million, versus a positive adjusted EBITDA of $1.5 million in the prior quarter. I again highlight that adjusted EBITDA is a non-IFRS figure. In the fourth quarter of fiscal 2023, we experienced a loss of $7 million compared to a loss of $90 million in the prior quarter. These prior quarter losses were driven predominantly by significant non-cash charges experienced, the largest being impairment on miner equipment of $38.8 million and provision of equipment deposits of $22.7 million. I'd now like to turn the presentation over to our President and Chief Executive, Aydin Kilic. Thank you, Darcy, for providing the financial overview. I'll now get into an executive update of some recent accomplishments and some exciting initiatives as we look forward. Now we're going to look at the operating income of our core business, which is mining Bitcoin, for this last quarter. We're doing a quarter-over-quarter comparison. This last quarter, we produced 792 Bitcoin, and again, this represents our production from Sweden, Iceland, and Canada, using green energy as we're a green energy-focused company. The average price of Bitcoin during this quarter is about $22,800. Our average cost to produce a Bitcoin based on our direct operating costs or cost of goods sold, is about $17,900. That represents about a 22% gross mining margin. If you look at it quarter-over-quarter, difficulty actually increased 17%, we actually produced slightly more Bitcoin. That's because we, of course, expanded during this period. We mined 792 Bitcoin this quarter, 787 the previous quarter. What's actually not included in this slide is the additional $250,000 of revenue from our GPUs, which have been generating revenue from high-performance computing. We had mentioned in a press release earlier this year that we're doing about a $1 million a year run rate. This first quarter, we had about $230,000 of income. Next slide, please. Bringing it more current, we put out our May production, that's summarized here. We did 304 Bitcoin in May, an average of 3.3 EH/s, which brings us to 92.4 Bitcoin per exahash for the month of May, which again, is amongst the top of our peers in best uptime in the sector. The Bitcoin HODL of 1,950. It's important to know all of our Bitcoin that we HODL is self-mined, and again, you know, being green energy focused, this is our Bitcoin mined, you know, with our green energy. In addition to this, what's very exciting is we did a scan of our HODL, and we actually have 250 uncommon Satoshis. This is a very exciting new discovery, and we're gonna talk a little bit more about it. Next slide, please. Just to round out how we've been growing our hash rate, we recently announced when we were at 3 EH/s, our interim target was 4 EH/s, and we were gonna be at 6 EH/s at the end of the year. We had about 11,200 ASICs that we announced. To date, we've actually received delivery of over 7,600 of these ASICs, and the remainder are actually arriving in July. I'm very proud of my team for executing and for working with our suppliers and our vendors for promptly delivering the hardware that we've purchased in a very timely manner. Next slide. Here today, we're actually at 3.6 EH/s, and that includes about 150 PH/s from our GPU mining. Once the remaining orders of ASICs from the previous slide arrive in the month of July, we will be at 4 EH/s, and this will be our Q3, 2023. At the end of the year, we'll be at our target is 6 EH/s. This just shows where we are today, 3.6 EH/s. We expect to be at a 4 EH/s in a little over a month, and then by the end of the year, about 6 EH/s. This is an 11% increase from the current quarter, which is period end June, moving into the next fiscal quarter, which is starting in July. Again, this is all based on machines that have been ordered, that have been paid for, and are literally in the process of being shipped and installed. Next slide, please. In addition to having very measured growth, where when we deploy capital, we do it with the intention of having the best cash flow return on invested capital. What that means is, are we actually gonna repay the ASICs, repay the investment we made in the ASICs, and then start free cash flowing from them? All of these purchases were done at extremely competitive prices. In December, for example, we announced that we bought a large amount of S19j Pros for about $11 a terahash. In our more recent order of 11,200 machines, comprised of BuzzMiners, the new S19j Pro+, and even some S19 XPs, we do this based on prevailing mining economics, long-term projections, and a sensitivity analysis where we look at what is the $ per terahash price we're paying? What is the efficiency of the machine that we're getting? We all mathematically model this so that we're getting what is gonna provide us the best cash flow return on invested capital. In addition to this, how we deliver value to our shareholders is by having the lowest G&A in the sector. We also have amongst the lowest share-based executive compensation. We've also managed to keep very low dilution, as we have a hybrid strategy where we either sell shares in our ATM or, you know, for when an accretive opportunity comes up, we might sell some Bitcoin. This is a quality, this is a mindset, our lean and agile strategy. On the next slide, we're actually gonna look at what this means when you take a look at the numbers. If you look at a financial comparison of the calendar year 2022, this is from January to December of 2022. Why we built this slide, this is all based on public filings, you'd, you know, go onto Yahoo Finance and look at the various public filings. Our year-end is March 31st, a lot of our peers' year-end is December 31st. If you wanted to, you could look at our quarterly filings for the calendar year of 2022, add them all up, and you would actually get this total. Our calendar year revenue total is actually $138 million. Our fiscal year total, because that was period end March, was $100 million, as you know, little over $100 million. As you know, crypto mining economics vary so much over time. In order to do a true apples to apples comparison, you have to look at different companies over the same time period. This is what we do for calendar 2022 on this slide. You look at our yearly revenue, then you look at our cost of goods sold, right? In the third column, you have the gross mining margins. We had $70 million gross mining margin. You see our peers had gross mining margin, you know, ranging from maybe $45 million to about $80 million-$90 million. There was a couple outliers below that. You look at the gross mining margin as a percentage of revenue, and you sort of see most of the companies in the 50%-70% range, with, again, a few outliers below that. You look at the G&A, which is the corporate operating expenses, your auditors, your lawyers, your executive compensation, D&O insurance, going to conferences, sponsorships, et cetera, et cetera. This is where it gets really interesting. HIVE, as a global company with subsidiaries in Canada, Sweden, Iceland, Bermuda, Switzerland, was $14.1 million for the entire calendar year. All of our peers had G&A costs over $50 million, almost triple ours. When you take that G&A cost off the gross mining margin, you get to the very last column, which is your corporate income, and say, what is the company? We're not looking at non-cash charges, because everyone has different depreciation schedules, everyone gets different impairments. It's sort of how the auditors choose to, you know, perform an accounting treatment. If you look at the cash charges, again, you know, insurance, lawyers, travel, et cetera, and you take that off your gross mining margin, which again, is a cash-based metric, you see that we had $55 million in corporate income this period. After that, two of our peers were in the $32 million range, from there, it sort of drops off, and you see a few companies in the minus. Again, we strive to deliver value for shareholders. This is a key slide that I wanted to present alongside our fiscal year-end, so people can understand what a calendar year-end looks like. Next slide, please. Earlier we talked about us having some uncommon satoshis, and this is very exciting because as inscription technology has prevailed for Bitcoin, now we can have information on the Bitcoin blockchain, right? This is a moment in time. This is historically significant because you've got BRC-20 tokens, you've got various ordinal projects, you've got all sorts of information that can now be encoded directly onto the Bitcoin blockchain. As a result of that, in May, we saw a huge rush, a huge rally, whereby people were paying higher transaction fees to have their projects minted first on the Bitcoin blockchain, and that resulted in a surge in hashprice, almost double, where we were around a $0.06 or $0.07 hashprice in the month or two before, and that doubled to almost $0.12 hashprice. Again, hashprice is $ per terahash per day of revenue that you would be getting, and this is network-wide, this is a network statistic. This chart is off of BitInfoCharts, you could look it up. If you want to have further insight into the nature of the rarity of satoshis, well, there's 2.1 quadrillion common satoshis. If there's 21 million Bitcoins and there's 100 million satoshis per Bitcoin, then you have a total supply of 2.1 quadrillion satoshis. If you consider the first satoshi of each block, well, now that's a much smaller number. There's only about 6.9 million of these. If you look at the first satoshi when there's a new difficulty epoch, there's even less of those 3,400, and you can see how the rarity increases. Of course, the mythic one is the very first satoshi from the genesis block. We have 250 uncommon satoshis, which we've received offers, you know, bonafide offers from parties that are willing to pay a vast premium for these. To transact with satoshis, you need to have control over your UTXOs, and it's a more involved technical process. Again, HIVE wants to be a leader and a first in transacting with uncommon satoshis. Next slide, please. Summary. We've got 70 megawatts in New Brunswick, 30 megawatts in Quebec, about a little over 37 megawatts in Sweden, 10 megawatts in Iceland. Puts our global total a little under 100 megawatts of green and clean focused energy. Next slide, please. As mentioned, building four is complete. Just a nice photo of New Brunswick, and that's a four-building campus. Now we're gonna talk a little bit about HPC and our foray into deriving value from our GPU fleet, doing some really interesting things. This is actually a photo of our data center in Boden, that's our Country President, Johanna, walking the halls with Marian, who runs our data center in Boden. We're gonna talk about where this is evolving to. AI is an emergent technology that is growing extremely rapidly, and there are a few constituent components to AI. We have a fleet of 38,000 NVIDIA data center-grade GPUs that we purchased a couple of years ago, which used to mine Ethereum. Since then, they've been purposed to mine Bitcoin through mining altcoins, where we don't take custody of altcoins, but we get paid in Bitcoin. In addition to that, we actually rent the GPUs and we on GPU marketplaces, where people could rent the GPUs for a few hours or a few days. As mentioned, we had about $230,000 of income, and that wasn't even operating for the full quarter. Nevertheless, that's what we call GPU as a Service. And then in addition to that, we have HIVE Cloud, which is our private enterprise cloud platform we've been building for the last year. These are all components of technology that supports AI computing workloads, this firmware, the software, and the hardware. Next slide, please. Why this is all coming together is because the web as we know it is evolving, right? Web3 is a term that many people have heard, but Web3 is a collective of technology and ideas to allow this new adaptive internet, whereas Web 2.0 is a semantic internet. In the adaptive internet, it's peer-to-peer, there's privacy, you own your own data. It's very different than having in Web 2, a few big data companies that you're unwittingly submitting all of your personal info to, and they're appending metadata, and that's how you get all these targeted ads. Web3 will have components of AI, decentralized autonomous organizations, DAOs, and which, you know, of course, will contribute to technologies such as the metaverse. These are all different pillars of Web3, and the two key ones that HIVE is involved with is, of course, cryptocurrencies and AI. Next slide, please. Where do we fit in? Well, you might have heard of something called ChatGPT, right? ChatGPT, we're going to discuss briefly, is fundamentally a, an AI large language model, and there's an immense amount of processing power needed for those. However, when you get into enterprise-grade applications, there's sensitivity about security. Companies now are mindful that they don't want to upload sensitive client data to company like OpenAI that has a public LLM. What we aspire to offer at HIVE through HIVE Cloud is privacy, where companies can have a service agreement in place, ownership of their data and privacy, and still run AI compute workloads on our bank of GPUs. This stuff isn't just getting uploaded into the OpenAI large language model, it would be your own large language model that we would train, and then you can run inferences. Of course, for all of this, you need to have data center experience, and so we've got 6 years, having been public since 2017 as a best-in-class crypto miner, running, building and operating data centers. As mentioned earlier, right, we're doing $1 million a year in run rate revenue for GPU as a Service. Next slide. By the way, what is GPT anyways? Well, GPT, it stands for Generative Pre-trained Transformer. It's a type of large language model. It's a very prominent framework for generative AI. GPTs have been around since 2018, you can refer to this slide at your own leisure, but let's look at the evolution. GPTs are defined by the number of parameters, which is shown here on the next slide. GPT-1, for example, had a little over 100 million parameters. That was scaled by 10x GPT-2 had 1.5 billion parameters, GPT-3 was over 100x, with 175 billion parameters, GPT-4 is about a trillion parameters estimated. You see this exponential growth, these parameters require more and more processing power. You need more floating-point operations performed by your GPUs to train these large language models. Hence, there's been an immense demand for processing power in order to run training on these LLMs. The thing is, GPT, ChatGPT is a public general LLM, but enterprise-specific large language models will be smaller, maybe 10 billion-20 billion. You can train them yourself with, you know, again, using a platform like HIVE Cloud and your own dedicated bank of GPUs. You have a vertical integration from the hardware to the software stack that's just bespoke for you, and therefore you have privacy, and you can fine-tune your own LLMs. We aspire to provide this service as we build out our AI platform. Just to get a pulse on where this is all going, GPT-5 is around the corner, they estimate that might be as much as 17.5 trillion data points. We don't know this for sure. These are what best estimates tell us. I think there's been a lot of worry and concern about, you know, Skynet and robots taking over. People are... You know, they think you're going to be replaced by AI. Actually, you'll be replaced by somebody that uses AI. This is, as a company, we want to embrace this is why HIVE, again, being the first public company that built our own ASIC mining rig with Intel, right? The first to put data centers on a balance sheet, the first... in Nasdaq, Frankfurt, and the TSX speed. We are also amongst the first crypto mining companies that are meaningfully involved in AI. Again, we're getting $1 million a year run rate revenue from GPU as a Service. We started HIVE Cloud a year ago. The software is complete, and we're actually doing beta testing now with clients. It's a very exciting time. I think this year ahead will have a lot of new initiatives that we look forward to sharing with the public. Just to put some context around this. We have over 38,000 data center-grade NVIDIA GPUs, but if we just focus on a small subset of that, the A40 and the A6000, together we have about 4,600 of these cards, and at $0.50 per GPU per hour revenue with a 75% usage ratio, because again, these GPUs need to be applied for compute. It's not like crypto mining, where everything just runs 24/7 all the time. What we found in the marketplace is about 70%-80% usage. That would equate with these 4,600 GPUs doing about $40,000 a day of revenue or $50 million a year in revenue. The profit margins on this right now are about 8%, so that would be about $12 million a year of profit, just converting our 4,600 A40s and A6000s to AI computing. This is a very strong supplement to our crypto mining offering. If you go to the next slide, you would say, "Well, what do you require?" We already have the GPUs, and so what we do is we actually upgrade the server. The servers have the memory and the CPUs. Each server holds 10 GPUs. To purchase 460 servers, and we've been working with Supermicro, that would be about $6 million, and again, that would get us to $15 million a year of revenue. This is very exciting. It's blue sky, and we actually have some Supermicro servers arriving next week, and we have more Supermicro servers arriving next month as we run all this GPU computing out of Sweden. It's a very exciting time, and we look forward to sharing more. Please check our social handles for more developments and of course, our press releases. Have a great day. Thank you.
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