Hello, everyone, and welcome to today's webcast reviewing HIVE Digital Technologies' Financial Results for The Fiscal Year Ended March 30, 2024. On slide number two, I would like to briefly note disclosures. Except for statements of historical fact, this presentation contains 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 Mr. Frank Holmes for a macro recap of the quarter. Frank. Thank you, everyone. I wish to give you a quick macro recap of capital markets, accounting, our results, and the granularity, the details I'm going to leave to our CFO, Darcy Daubaras, who's probably the longest-lasting CFO in the crypto mining industry of consistency and has been through the first halving and the second halving successfully. Aydin Kilic, who will talk as our CEO, he will give you much more detail on the impact and the difference as accounting. But basically, what's most important is that we continue to have operating income that's positive even after this halving. We're very thrilled that we've been able to do it from the first halving. We've experienced as the first crypto mining company in the world to go public in September 2017, and then Ethereum to go away and disappear. At the same time, we now have our second halving, and we've weathered through the storm. So let's talk about the big picture right now and look at the next slide. I always like to talk about the DNA of volatility. Investors have to understand that different asset classes, based on their maturity, on external risks, and most often it's the external risk, not internal risks that create this volatility of countries and stocks and industries. And the S&P on a daily basis basically says it's a non-event 70% of the time for the S&P to go up or down 1%. In over 10 days, it's 2%. Gold is 1% over one day, and over 10 days is 3%. And when you go to Bitcoin, you literally go up four-fold in 10-day volatility from the S&P 500. So daily, it's doubled. It's 2% up or down. It's a non-event. 10 days is 8%, and that's quite big. When we come to the stocks themselves, you can see NVIDIA, it has a much greater volatility over one day. It's the same as Tesla. Over 10 days, it expands to 9% and 11%. HIVE is over one day. It's a non-event to go up or down 5%, just like MicroStrategy. Over 10 days, HIVE can go up or down 19%. Now MicroStrategy has a 10-day volatility of ±21%. You can see these differences. I think the last time we reported on this, HIVE was the most volatile over 10 days. MicroStrategy has now taken to another level. They've also made some incredible moves in building this epic-sized holding position. And it was great to see Dell is all of a sudden embracing this idea, this concept of putting on your balance sheet. And HIVE has always done that ever since our initial takeover of a reverse takeover to go public in September 2017. We've been holding cryptocurrency. Well, we're proud. We're coming up the Olympics, and we're proud of having so many firsts. Like Bolt is always bolting here, the fastest man in the sprint in the world. And we were the first to go public on the TSX Vancouver, September 2017. We're the first to buy our own data centers and expand and build on them. We're the first to balance the electrical grid in Sweden. We're the first to develop our own ASIC mining rig with Intel. We're the first to be green energy focused. And we're the first to have an AI strategy with GPU chips. HIVE is about green energy and sustainability. That's what I believe greatly and significantly differentiates us from our peers. Focused in Canada, Iceland, and Sweden, we've been pioneers in the recycling of molecules of electricity. We heat a building in Montreal five times our size from the same molecule that was used to mine Bitcoin. So we're very proud of being thought leaders and actually creating the leadership in the technology sector. HIVE has been able to maintain a relatively tight, tight float. When you compare it to the massive dilution that has happened with our peers, when you take a look at issued and outstanding basic common shares as of March 31, I really am amazed that, yes, people have raised more capital than us, but it's not free. It's been at a huge cost of dilution that over time will start to show up on the value metrics per share. My experience in the capital markets is that it will show up when the quants really start to analyze one mining company versus the other of who has the real value proposition on a per-share basis. Not top-line growth and bottom-line growth as a macro number, but what are those metrics on a per-share basis? Next, please. Bitcoin and HIVE outperform gold and the S&P 500. Now, this is going with a 15-month run. HIVE has put on a wonderful sprint in the past four weeks when we look at the data points. But as an asset class, even though it's more volatile, it's done a great job in outperforming the S&P 500 and spot gold, which really shocks a lot of people because they focus so much on that short-term volatility, not how has HIVE done in a diversified portfolio. Bitcoin's volatility is nearing historical low levels. This has always happened in the capital markets. When Tesla became part of the S&P 500, its volatility dropped dramatically. We saw this with gold in 2004 with the growth of the GLD, which was the first bullion ETF. Now we're seeing with Bitcoin, with the creation of the ETF, that the volatility over shorter periods of time will change. Long-term supply and demand factors will be most significant when looking at Bitcoin as a currency or commodity. But when you look at the stocks, it's different value metrics. What is the revenue growth on a per-share basis? What is the EBITDA growth on a per-share basis? What are those multiples? I think as we've gone through this halving, that over the next six months, we're probably going to see a reset button on the value drivers on a per-share basis when it comes to the miners. I'm giving you this sort of opinion based on my 40 years of experience with the world of gold and with the bullion GLD being launched and how it changed the valuation metrics for gold stocks. In the press release, which we've all read, I think it's important to recognize the differences between U.S. versus Canadian accounting rules. The reason why I bring this up is because Canada was the first to have crypto mining companies. First was HIVE, and immediately sort of emulating the copy and the model of HIVE was Hut 8. Then we had Riot in the U.S. It's interesting to see that journey that now I think there's 24 Bitcoin mining companies, and the majority of them are in the U.S. When you do that relative comparison, different accounting does create changes. It's just actually trying to recognize that what are the nuances in accounting reporting of the IFRS accounting versus GAAP? Once you find the International Financial Reporting Standards and the generally accepted accounting principles in the U.S., GAAP, which is both major accounting frameworks globally, well, they both basically aim to provide transparent and comparable financial reporting. There are several key differences and nuances between them. I think that's really important that when you look at HIVE versus U.S. Companies who are reporting on GAAP rules, there are big changes. Darcy and Aydin are going to give you more granularity on those changes. I think that in particular, it's the way things are reported on mark-to-market. It can have a significant difference. Next, please. When we come to GAAP in the U.S., it is more rules-based. It includes detailed rules and guidelines for virtually every accounting scenario. This results in less flexibility and provides more specific guidance, which can reduce the level of judgment needed and enhance consistency. The IFRS is a single model, and it provides principle-based five-step model for recognizing revenue from contracts and customers. The focus is on the transfer of control of goods and services. So is this recognizing these differences in nuance? How do you actually compare what is unique about HIVE to most of the U.S. peer group? And it's simple when you say, well, we're 100% green energy, and they're not. That's simple. But when it comes to accounting, I think the interpretation of mark-to-market, of how you mark-to-market your Bitcoin position on your balance sheet, and depreciation. HIVE has always had an accelerated depreciation, which means that our reported earnings are always going to look less than our peers. But we have found, based on operations and based on the new technology of ASIC chip cycles, about two years, not four years. So what that means is that our peers depreciate the acquisition cost of an ASIC chip over four years, and we do it two years. Well, if you're going to depreciate a $40 million investment over four years, that's $10 million a year. It makes it simple, $10 million a year. But with HIVE, it's $20 million a year. Therefore, that charge, that non-cash charge is going to look like we lost money when it's really accelerated depreciation to better reflect for us in operating the business. I do believe that it has shown up in our efficiency ratios, our uptime ratios of how we manage our facilities, et cetera. Next, please. The other part is just recognizing earnings and bottom-line earnings and understanding that operational earnings, cash flow, which is the key for bank financing. It's looking at this where you have to add investment earnings, realized and unrealized gains and losses from your investments, such as Bitcoin holding position or investments in DeFi, which go down, go back up. They can have sort of what's called realized and unrealized. With GAAP, you're going to see how it flows through is different. I think that's important for investors to recognize. I believe we're going to walk you through this scenario that if we did apply the unaudited GAAP rules, how well HIVE has done is really quite impressive on a relative basis. Next, please. Positive corporate margin through the bear market. I'm really thrilled to share with you this visual that even with Celsius going bankrupt, Ethereum disappearing, Bankman-Fried in the industry, Bankman-Fried finally getting convicted and going to jail, all those disasters, we were still able to basically squeeze out operating margin and corporate margin. I think that that's a real testament of how conservative we run our balance sheet with the inherent volatility, the difficulty of the hashing, the global hashing, more competition coming in, meaning that particularly before the halving, which used to be 900 coins a day, now it's 450. But we saw this incredible run-up even after the meltdown of Bitcoin going from 60,000 down to 16,000. Fortunately, it climbed back to an all-time high in this past quarter. But for investors to recognize, we've been pretty consistent in generating corporate margin. And you can see this past quarter was a huge rebound with the least amount of dilution of shares being issued compared to our peers. So I'm very thrilled to share with you on a per-share basis how well we did. Next, please. So this is an interesting analysis done by an independent consultant. And I think for me to share with everyone is that Anthony Power, who works also for Compass Mining, was a retired accountant, CPA, that fell in love with this industry and started doing his own work and due diligence. And all of a sudden, he realized that he had a business. So he started to change overall his passion for the industry and said, "Look, if you want to be ranked and compared against the peers, you're going to have to pay because I have to spend so much additional time because there is a proliferation and growth of so many crypto mining companies." One has to go and look at the overall industry in America in particular on tax-free bonds, which is a trillion-dollar business, and corporate bonds. They have what's called an issuer-pay model. The issuer-pay model, companies issuing bonds pay rating agencies like S&P and Moody’s to evaluate and assign a credit rating to their debt. This model is widely adopted for several reasons. It creates market credibility and consistency, removes a lot of investment banker biases, which are alleged, not that they are always there, but it's sort of this independent person. Then you have regulatory compliance. The regulatory world is able to oversee. But really, for the corporation, it's the cost of capital. So we look at Anthony Power, what he is doing is like S&P or Moody's, providing a relative ranking to our peers on several different metrics. And I want to walk you through on several of those metrics. And I think that what's important for you, like Moody's and S&P, they don't tell you to buy bond A over B. They do not recommend that. They just give you what the credit ratings. And in fact, there's many different types of mutual funds and ETFs that won't buy only A-rated bonds or B+ bonds. And that's when you go to buy those particular funds, you recognize that this is sort of a new industry, and it's good to have this. What I've found with the capital markets, if you want to get research, all the investment bankers want to do research, they say, but you have to do the ATM with them. That's what they want. I've said day one that if there's no research coverage, then I just don't think there's a real passion for how well we're doing what we're doing. What's interesting is that what we have here is a very driven model. When we look at Bitcoin mined per exahash per month, HIVE does well month in, month out. It's always in the top quartile. Most often on this metric, we are one, two, and three. I'm pretty proud about this sort of a metric. But it's all independent. He does not recommend to buy or sell any of these companies. He just gives you a snapshot that's very important to recognize. Next, please. This is another metric, and it's looking at revenue by energized hash rate in May of 2024. I'm thrilled to share with you, we did much better. Several of these companies on the far right side, they have a much bigger market cap than HIVE. Their revenue by energized hash rate is lower than ours. So this is a very favorable metric on a relative basis. Next, please. Ranked by utilization in May, we were number two. That means that our utilization was 94%. As you can see, companies that seem to be a big component of energy in Texas had a lower overall utilization rate. Some of these have a partnership balancing the grid. That's really positive for the overall crypto industry and the energy industry. But I'm really happy to share with you that the team has done a phenomenal job. So Bitcoin mining valuation metrics, HIVE ratio per Bitcoin mined, and basically saying, okay, if you use HIVE as one, who has a much greater valuation? That's basically saying, what is the market cap per Bitcoin mined? And if HIVE is number one, it's a number as a base, then when you look at some of these other names, the most expensive would be Marathon. It trades at 11 times the valuation for the same Bitcoin that's mined. And then you can see comes in Riot and CleanSpark, who have been darlings in the U.S. for particular tech funds that want to get exposure to it. And you can see this relative ranking is quite significant in that you're paying for a much higher valuation for that same Bitcoin mined. Now, these are all other companies are great management, but it's sort of nuances that happen in the capital markets. GARP investors are always looking for, where do I find the growth at a reasonable price in that industry? And I would biasedly say HIVE. Next, please. May BTC sold% of production. This is an interesting way of looking at what you're doing with your total amount. As you can see, some of the other companies have been building. But HIVE is clearly here in the bottom half, bottom quartile, I would say of all the 24 companies. These are all the companies that are paying for the rating services of Anthony Power. Most of the other companies are selling 100% of their production to cover their costs. This is after the halving. I'm impressed with what the team has been able to do. This is another perspective that you can see of just analytics of looking at the share price, the total energized hash rate, the operational hash rate in April, planned hash rate, total BTC produced in April, BTC per exahash in April. It's just a good way to look at relative valuations. I think that that's what the service that this industry has. Maybe as this industry evolves, that there'll be a ranking and rating by Moody’s and S&P. But right now, we have to rely on Anthony Power, Power Mining, and doing these analytics. But what you can see here is our utilization rate is quite high. It's a significant testament to the efficiency of the HIVE team. Well, HIVE's HVT strategy and AI vision for growth. We started off with $250,000 a quarter, got up to $250,000 a month. We've bought H100s. We haven't deployed. We are looking for huge opportunities for energy. It's been a big challenge to find green energy and to get size in the Bitcoin mining sector. And it has been a challenge on finding data centers. But we're getting better at analyzing and doing the due diligence on looking at these facilities. So I'm very happy that this sort of growth, this vision is in place. And hopefully, by our year-end this year, that we'll be able to get up to $250,000 a day. It's all hands on deck of doing this. And we're happy that we're throwing off free cash flow from our NVIDIA chips, which we basically earned this money back in mining Ethereum and now focus on the build-up and the AI boom. Well, now I want to turn it over to hardworking Mr. Darcy Daubaras to talk us, give us a snapshot of growth in the financials. Then Aydin will come on and give a wrap-up of a much more both these guys will give you the granularity, especially for the analysts, what they need of looking at the industry. Thank you all for being cheerleaders and supporters of our vision and staying green and mining and holding as much Bitcoin as possible. Stay tuned to the station. We have a lot of excitement growth in the future. Thank you. Thank you, Frank. As usual at this point of the presentation, I will be taking you through a snapshot of the period, looking at the most recently completed quarter and some financial indicators. First of all, I'd like to remind our stakeholders that our earnings are comprised of our operational earnings or cash flow, plus our investment earnings, which includes realized and unrealized earnings, which often includes non-cash charges. Moving on to the next slide. So mark-to-market in accounting is a 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 in the open market. 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. So our Bitcoin digital assets do generate unrealized gains and losses each quarter depending on the movement in Bitcoin during the period. 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 is a write-down or accounting expense that does not involve the cash payment. These are items like depreciation, amortization, depletion, stock-based compensation, and asset impairments when those happen. These are common that reduce our earnings, but not our cash flows. Moving on to the next slide. During this most recently completed quarter of March 31st, 2024, we recorded $36.9 million of revenue and $16.2 million profit in adjusted EBITDA, driven by a production of 658 Bitcoin equivalent mined and increased Bitcoin prices during the quarter. On the next slide, you can see we continue to be proud having a very healthy balance sheet. Our cash position stood at $9.7 million at March 31st, 2024, along with an additional $161.6 million in digital currencies comprised almost entirely of Bitcoin. This digital currency position is over double from our position at the end of the previous quarter, driven mostly by the increase in Bitcoin prices. We also had $6.9 million in amounts receivable and prepayments, a decrease from the prior period. The total market value of our strategic investments stayed steady during the period at $7.0 million. We maintain a strong net cash position and healthy working capital to fund our operations and growth objectives. With a current ratio, which is our current assets divided by our current liabilities of 6.8, which is extremely strong. Next slide, please. Switching gears and taking a look at our gross operating margin on a year-over-year basis, comparing the fourth quarter versus the fourth quarter, our gross operating margin, which equates to our total revenues minus direct operating and maintenance costs, increased in absolute dollars to $16.3 million or 44% in the most recent quarter, compared to $4.1 million or 22% in the prior year comparative quarter. 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 were on average higher than the prior comparative period. In this most recent completed year, we are reporting a net loss of $0.57 per share compared to a net loss of $2.85 per share reported in March 31st, 2023, last year. Now, to note, the net loss reported by HIVE is done using our regulatory requirement of IFRS, or International Financial Reporting Standards, as opposed to U.S. GAAP, which quite a few of our competitors use. One of the main differences between IFRS and U.S. GAAP is the treatment of revaluation gains on digital currencies. U.S. GAAP allows these gains to be included in earnings per share calculations, which IFRS does not. If HIVE used U.S. GAAP and included these gains in our earnings per share calculations, those gains for the year were CAD 77.3 million. So, taking those into account, if we were using U.S. GAAP, that adjustment would result in our earnings per share being CAD 0.29 per share profit as opposed to the loss that we are required to report under IFRS. Moving on to the next slide, taking a look at our year-over-year revenue, we generated total revenue in the fourth quarter of fiscal 2024 of $36.9 million versus $18.2 million in the previous year fourth quarter. The increase in revenues versus the same quarter in fiscal 2023 can be attributable mostly to the average Bitcoin price, which is double what it was last year, even with the ever-increasing Bitcoin difficulty hash rates over the past year. As mentioned previously, our gross mining margin, which equates to our revenues minus direct operating and maintenance costs, increased in absolute dollars to $16.3 million in the most recent quarter compared to $4.1 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 2024 of $36.9 million versus $31.3 million in the previous quarter. The increase in revenues versus the prior quarter was impacted by an increase in the price of Bitcoin. Our gross operating margin, also in absolute dollars, increased to $16.3 million in the most recent quarter compared to $11.3 million in the prior quarter comparative. The increase in gross mining margin versus the prior quarter was positively impacted by the increase in the price of Bitcoin in this quarter. Looking at our financial metrics on the next slide, our adjusted EBITDA in this fourth quarter of fiscal 2024 was $16.2 million versus an adjusted EBITDA of $17.4 million in the prior quarter. I will highlight again that adjusted EBITDA is a non-IFRS figure. In the fourth quarter of fiscal 2024, we experienced a loss of $3.5 million compared to a loss of $7 million in the prior quarter. At this time, I want to thank our loyal stakeholders and turn the presentation over to our President and CEO, Aydin Kilic, for an executive update. Ayden? All right, Darcy. Thank you for that summary. I think it's been a strong year and a great quarter. So let's just zoom out and look at an operational view of what we've accomplished at HIVE. So in the last 12 months, our fiscal year, we mined over 3,100 Bitcoin with clean and green energy. So you've seen difficulty substantively increase, effectively almost doubling in that period. Nevertheless, we maintained consistent production through the year. It's worth noting in the first quarter of 2024, while our production was a little bit lower than the winter, it's because we were upgrading our existing fleet to not grow our exahash, but rather to increase our efficiency. Right? And we did that strategically going into the halving so we could approach our target 25 joules per terahash efficiency. More on that later. Next slide. Over the last three years, you could see our revenue here in millions and our gross mining margin. So the bear market, we made it through that. And we mined profitably through those bear market, again, having high uptime, strong efficiency, low G&A, just really pound for pound. I believe HIVE is one of the best miners in the industry. And now things are on the uptick. And by the way, we navigated the Celsius bankruptcy, the Ethereum merge, FTX bankruptcy when Bitcoin hit 16,000. And we still look at those green bars. We still mine profitably, even in the worst throes of the bear market. And now this quarter, $16 million of gross mining margin, which is fantastic. Next slide. This is that same data, just with a bit more granularity. So you could see that things here are really on the uptick. This really covers the last year and a half. So again, coming out of the last few quarters, strong uptick in gross operating margin of $16.3 million. And by the way, quarter-over-quarter, our G&A is usually about $3.2 million. Right? So if you want to look at how much money are we making as an operating business, including G&A, you could take any one of these numbers here and subtract $3.2 million. And so fundamentally, we make money as a business on a cash basis. And I know Darcy did a great job of covering everything on IFRS accounting principles, but when you just strip it out, because we have subsidiaries and there's all these non-cash items and mark-to-market, et cetera, when you just look at our gross mining margin, subtract our corporate G&A, right, we still make money as a business, which is fantastic in my opinion. Next slide, please. Now, on a quarter-over-quarter basis, this is the Bitcoin production. So you do see this data is similar to what we showed on a monthly, but this actually shows you six quarters. So what I actually wanted to emphasize on this slide is that difficulty has grown by almost 100% in this period. And quarter-over-quarter, it increased 22%. Right? So even though difficulty had been steadily increasing over these last six quarters, our production was quite steady and in fact grew into the 800 Bitcoin a quarter range. And by the way, this is all post-Ethereum merge. And again, in this last quarter, while there was less Bitcoin mined overall relative to the last quarter, our fleet efficiency improved. And therefore, we had a great gross operating margin. Next slide, please. Now, I wanted to just shine a little bit of light on this. Frank commented, "It's very interesting." So HIVE being the first public crypto miner ever, we're a Vancouver head office company. Our home exchange is the TSXV. Yeah, we're on NASDAQ. Yeah, we're on the Frankfurt Stock Exchange. But there's a key difference I want to illustrate here. A lot of our peers have U.S. GAAP accounting treatment, and we do not. We're under IFRS because that's accounting treatment for Canada. Potato, potato. I'm an engineer. I'm not an accountant. So I feel more comfortable commenting on this. It's just a different treatment, right? Same business, different treatment. We could literally, and I think some of our peers, I think HIVE now does U.S. GAAP, even though he started in Canada, allows you to realize digital currency revaluation on your income statement. Right? I'm going to say that again. Digital currency revaluation can be realized on your income statement if you follow U.S. GAAP. Now, on ours, because we're IFRS, it shows net loss of CAD 51 million. But if you show our digital revaluation, which is $77 million, by the way, that's the center bar, our net income goes up to $25 million. And so when you look at an earnings per share, it's usually done on the net income on our financials. You can see this $25 million figure, but that comes in, quote unquote, "below the line," and that's called comprehensive income. But again, if we were doing U.S. GAAP, we'd actually have $0.28 earnings per share. So I just wanted to point that out. And so that way, for the analysts and all the shareholders out there, if you want to do an apples to apples, you're better off looking at the comprehensive income comparing to a lot of our peers' net income. So let's hop to the next slide. EBITDA is another helpful way to compare our peers. Adjusted EBITDA strips out non-cash charges such as share-based comp. Sometimes you'll have tax provisions, which are non-cash items, and derivative liabilities. So the adjusted EBITDA is a good way to do a fairly apples to apples comparison amongst our peers. So again, rock solid quarter, $16 million adjusted EBITDA, previous quarter $17 million. EBITDA is up quarter-over-quarter as well. But if you look at that for the entire year, next slide, you could see that our adjusted EBITDA was $37 million and our EBITDA was $25 million, which is very similar to that comprehensive income figure I gave you earlier. So it was a solid year for HIVE. And I'm going to point this out for a second here. You look at we're trading at roughly $300 million market cap. We have over $150 million of Bitcoin on the balance sheet, right? We have over 2,400 Bitcoin on the balance sheet. So that pegs our enterprise value at maybe $100 million or $130 million, right? So on an Adjusted EBITDA basis, we're not even trading at 4x, right? And we're not talking one year forward. This is our Adjusted EBITDA for the last 12 months. So I think HIVE is an amazing value proposition. We're well undervalued amongst our peers right now. Let's look at that next slide. And here it is spelled out, getting a very accurate enterprise value looking at cash, debt and value of Bitcoin holdings. And this is market cap as of June 20th, 2024. And so you'll see that the enterprise value relative to our EBITDA, and by the way, this is quarterly EBITDA now. I just want to clarify, right? So this is a quarterly Adjusted EBITDA of $16.2 million. You could see that we're trading at a 3.3 multiple by far, by far the lowest multiple in our industry. You see our peers 12, 14, 20, 38x the Adjusted EBITDA multiple. So HIVE is an absolute bargain right now. We've got solid fundamentals, profitable business, positive corporate margin even after G&A. Let's look at the next slide, please. So as we found ourselves re-rated based on a multiple of revenue, we were quite curious to see how our revenue multiple looks compared to our peers. Again, we've got the best value in the industry by a long shot, 1.4x enterprise value to our annualized revenue. Our peers four, five, six, seven, eight, even 9x on a revenue basis. So it really makes me think if a company is going to be re-rated based on a multiple of revenue, that might make sense if they already are trading at a really high multiple, but we're trading at a bargain. It doesn't matter how you slice it. I think this, and I say this confidently, it's clear. HIVE is the best bargain in the space, bar none. We're a great operator. We've got amazing operational efficiency and uptime, great fleet efficiency coming out of the halving. And we'll talk more about that in a moment. Next slide, please. What we've also looked at is the next 12 months. We know that a lot of the analysts will have their projections and revenue and adjusted EBITDA for the next 12 months. So running that same analysis, this you see here that we're again trading at a bargain relative to our peers. So we've got 5.5x and some of our peers are trading at 10x, 15x, 20x. So again, no matter how you slice it, we are the best bargain in the industry. Next slide. On an earnings per share basis, right? This is for the quarter, right? Earlier, we were going over the year. So $0.18 earnings per share on an adjusted EBITDA basis for the quarter, which stacks up very respectably against our peers. And keep in mind, our shares are trading at $3 right now. Some of our peers are trading at $10 or $20. So do you want $0.18 a share yield on a $3 stock or $0.18 a share yield on a $20 stock? So the other point is that we have the tightest float in the industry, 88 million shares out. And this is in an industry where the average is 243 million shares out. So we've accomplished this all with the least amount of dilution in the industry as well. Next slide, please. Upgrading our fleet. We've got 1,000 S21 Pros that we announced recently. And our recent order of S21s, our June batch is getting upgraded S21 Pros for free. So that's exciting. So again, this is all within our existing data center. And we've been upgrading the older 38 joule per terahash machines so that our fleet efficiency is 25 joules a terahash and our target operational efficiency is 5.5 exahash overall, which is putting us in a great position post-halving where we're able to mine profitably. Next slide, please. You can see here a little bit of post-halving commentary. So we actually mined in May 119 coins, which is actually a little more than half of what we mined in April. Again, we've had the S21s coming in and averaging about 4 coins a day, right? With Bitcoin, where it's at, it's over $250,000 a day in revenue. We're operating profitably even post-halving, and I'm very proud to say this. And we worked really hard to do this to upgrade our fleet, to keep our energy costs down. We've always kept our lean G&A and to make sure that on an operating income basis, we're still making money as a company post-halving, which again, we did with little to no dilution. And let's look at that next slide. Here's the real kicker. We actually grew our HODL month-over-month. You look at our, obviously, our year-end was 2,287. We actually managed to increase our HODL in May, right? So if you look at our May production report, it was 2,451, right? We almost increased our HODL by almost 200 Bitcoin in the last two months. We're talking post-halving. So I'm incredibly proud of my team. I work closely with Darcy and Frank. We've got a rigorous treasury management program as well as selectively selling Bitcoin. And again, just being very prudent and conservative with our share treasury. We haven't done these big dilutive debt deals in the industry. There's always that money if you want to dilute, but it's the path less taken. It requires more fiscal discipline. But we managed to pull it off. So lowest dilution, growing our HODL, profitable post-halving, best value in the entire industry, bar none, no matter which way you slice it, Adjusted EBITDA, revenue, 12 months forward, you name it. Next slide, please. Just a quick summary of the May production press release. Again, we covered the 119 Bitcoin, ended May with 5 exahash rate. And again, well on our way to our 25 J/TH efficiency. Next slide, please. So on top of all that, we also have our AI business, which has obviously been a really exciting part of the HIVE story. I know Frank covered it. So we're well on our way. We're sort of, we had this four-step vision board, $250,000 a quarter, $250,000 a month. Well, this last quarter, we did $1.8 million in our HPC business. So that puts us right between step two and three, trending upwards. Yeah, so more on that now. We are just giving the market just a little glimpse. And we have some exciting things in store as we work on building out this business. Stay tuned for more updates from HIVE. Next slide. Please check all our socials. We've got a very active Twitter. And of course, our press release to find out the latest and greatest of what's happening at HIVE Digital Technologies. My name is Aydin Kilic, President and CEO. And I look forward to speaking with you. If you have any questions, one-on-one, please arrange a meeting. Thank you and have a great day.