The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kevin Dede - H.C. Wainwright & Co., LLC - Analyst
: Gentlemen, James, Nick, thanks so much for having me.
Question: Kevin Dede - H.C. Wainwright & Co., LLC - Analyst
: Okay. Can you just talk a little bit about your hosting objectives, James? I think you said, if I understood correctly, that you're targeting 220 megawatts.
Is that by the end of 2023? And if so, can you talk about what you might need to do to facilities beyond what you've discussed in order to accommodate
that?
Question: Kevin Dede - H.C. Wainwright & Co., LLC - Analyst
: Okay. Now, I understand that, at least -- I think I understand, James, that you wanted us to maybe sit back and see financials as they come up in
order to get a better read on the profitability. But I was wondering if you could speak to some of the deals that you've announced, Celsius and
Foundry. Are they rev share at all? Or how do they sort of work in a broad light?
Question: Kevin Dede - H.C. Wainwright & Co., LLC - Analyst
: Last question from me, James. Thank you for that. Last question from me. Just on Quinbrook, your relationship there. How has Quinbrook embraced
the flexibility that Bitcoin mining's offer a power producer and maybe reducing your costs in exchange for the flexibility that you can offer in
controlling their load?
Question: Kevin Dede - H.C. Wainwright & Co., LLC - Analyst
: I lied, James. One last one. Could you just offer a little more insight on, I guess, just for those of us who are less familiar with Quinbrook, what their
core competencies are and how you think they might be looking at expanding their own power development operations?
Question: Kevin Dede - H.C. Wainwright & Co., LLC - Analyst
: Thanks very much, James. Appreciate the opportunity to speak with you again. Congratulations on the results.
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