>> BUT FROM WHOM CHOPPED
WELCOME BACK TO CENTERS CRYPTO
CRAZE, EVERYONE WATCH STREAM
IS LAUNCHING WALK STREAM MINING
TO PROVIDE SECURE BITCOIN
MINING EQUIPMENT TO
INSTITUTIONAL ENTERPRISE
CUSTOMERS AND THE UNITED STATES
AND CANADA FOR MORE ON THIS
WE'RE JOINED NOW BY SIMPSON NOW
IS THE
CHIEF STRATEGY OFFICER AT
BLOCKS ROOM SERVICE AND GREAT
TO HAVE YOU HERE WITH US TODAY
HOW WILL THIS EXPANSION WATCH
HOW EXPANSIVE WILL THIS BIG.
WE HAVE EITHER SO WE'VE ALREADY
LAUNCHED THE BACK.
>> WE ARE REMINDING WE HAVE A
FEW BIG CUSTOMERS ONE OF OUR
LARGE CLIENT IS FIDELITY
ANOTHER ONE IS REID HOFFMAN,
THE FOUNDER OF LINCOLN.
SO WE'RE JUST WORKING ON
EXPANDING THE FACILITY IS EVEN
MORE BUT WE HAVE A TOTAL
CAPACITY OF A
300 MEGAWATTS.
>> OK SO MY APOLOGIES ON THAT
THAT'S WHAT I MEANT TO GET OUT
HERE HOW LARGE
WILL THIS NEXT WAVE THIS
EXPANSION. LOOK LIKE WHERE IS
IT REALLY GOING TO TARGET.
>> IT'S A STILL AIMING FOR MORE
ENTERPRISE THAT WILL
CUSTOMERS IN NORTH CUP, BUT I
THINK WE CAN GO EVEN ABOVE THE
300 THAT WE'VE SECURED SO FAR.
>> INTEREST THAT
YOU'RE SEEING FROM CLIENTS, YOU
JUST MENTIONED LIKE FIDELITY
AND LINKED AND.
>> WELL I THINK A LOT PEOPLE
ARE VERY INTERESTED IN BITCOIN
RIGHT NOW BECOMING THIS
DIFFERENTLY ON THE RISE AGAIN
AND PEOPLE WANT TO GET INVOLVED
SOMEHOW AND MINING IS A GOOD
WAY TO BOTH INVEST AND ALSO TO
MINE AND PROTECT
YOUR INVESTMENT BECAUSE YOU'RE
SECURING THE DECLINE WATCHING.
I THINK WOULD BE BENEFICIAL IF
WE HAD.
>> FOR OUR OWN EDUCATION FOR
SOME VIEWERS THAT OCCASION IN
LAYMAN'S
TERMS DEFINITION OF BITCOIN
MINING WHAT EXACTLY IS IT HOW
WOULD YOU DESCRIBE IT.
>> IN ESSENCE YOU'RE SOLVING A
MINOR IS SOLVING GREECE HIM
POLL
MATHEMATICAL EQUATION TO GET A
CERTAIN NUMBER THAT THEY NEED
TO FIND AND THEN IF THEY FIND
THAT NUMBER AND THAT MINOR WILL
BLOCK AND TYPICALLY MIND IS
GOING.
WELL, THEY'RE REALLY SIMPLE
CASE JUST SOLVING FOR A CERTAIN
NUMBER OF ZEROS IN FRONT OF A
SET NUMBERS AND LETTERS SO
BASICALLY THE SOFTWARE SITS
THERE APARTMENT FOR HOW MANY
ZEROS YOU NEED TO FIND AND THEN
YOU KNOW IF YOU FIND THAT HASH
THEN YOU WENT.
>> YOU JUST SAID THAT POINT IS
ON THE RISE AGAIN WHAT DO YOU
MAKE OF THE CHRIST.
>> WELL THE
QUEEN IS ALL OF HOW A SHORT
TERM IF YOU LOOK AT IT ON YOU
KNOW A FEW DAYS
OR WEEKS. IT WILL HAVE THESE
SPIKES AND JUMPS AND DIPS BUT
IF YOU LOOK AT IT
ON A A YEARLY BASIS, IT'S
DEFINITELY UP AND IT'S BEEN
TRENDING UPWARDS FOR THE PAST
10 YEARS.
>> HOW DO WE DO ENVIRONMENTALLY
SAFE MINING KNOW HOW MUCH POWER
THIS REQUIRES.
>> WELL IT'S
TYPICALLY A MISCONCEPTION THAT
A BITCOIN MINING IS DAMAGING
FOR THE ENVIRONMENT, BUT
ACTUALLY MOST BITCOIN MINING IS
POWERED BY RENEWABLE ENERGY.
SO IT IS PEOPLE ARE LOOKING FOR
A CHEAP SOURCE OF ENERGY LIKE A
WE
RENEWABLE ENERGY TO POWER OUR
FACILITIES AND TYPICALLY
RENEWABLE ENERGY IS
SO IT'S NOT LIKE YOU'RE BURNING
COAL TO MIND THE COIN YOU'RE
TYPICALLY USING HYDRO POWER OR
OTHERS.
>> AND BECAUSE MINING IS SUCH
AN OBSCURE AND HUGE PROFIT.
>> WHO ARE
THE MIRE IT'S LIKE WHERE DO YOU
WHERE DO YOU FIND WHEN YOU THAT
THE PLAN WHAT IS THAT WHAT YOUR
VIEWERS, THE VISION ALIVE.
>> RIGHT SO ANYBODY CAN BE A
MINOR YOU JUST HAVE TO BUY
A MINING MACHINE THEY'RE CALLED
A 6 AND THEY'RE BASICALLY
MACHINES THAT'S ALL
THESE QUESTIONS THAT IF YOU
WANT TO BE INVOLVED IF YOU WANT
TO MINE BITCOIN ALL IT TAKES IS
TO BUY HARDWARE.
BUT WHAT WE DO IS WE MAKE IT
EASIER FOR ENTERPRISE CLIENTS
TO HOST WITH US BECAUSE WE HAVE
A STATE OF OUR FACILITIES IN
NORTH AMERICA WAS TOO
POLITICALLY STABLE. AND IT'S
RELIABLE FOR THEM. KIND OF
MINING COMPANY BRAND.
WELL IT DEPENDS SO 4 PLUS
STREAM WE ALSO DO SOME SELF
MINING IN ADDITION TO HOSTING
IT'S IT IS A PRETTY GOOD MARGIN
ON. MINING BITCOIN IF YOU HAVE
TO POWER.
>> CRYPTO
CURRENCY AS A WHOLE INITIALLY
WAS GREAT THE INDIVIDUAL OR AND
SAID VERY RETAIL WHAT DO YOU
MAKE OF ALL OF THE ACTIVITY
GOING ON ON THE INSTITUTIONAL
SIDE AND HOW DOES THE HOW DOES
THAT AFFECT THE INDUSTRY AND
PARTICULARLY THAT I'D AT LARGE
THAT SOMEONE LIKE FIDELITY IS A
CLIENT OF YOURS HOW DOES THEIR
SUCCESS AND.
>> RIGHT SO FIDELITY
IS A CUSTOMER FOR US FOR MINING
I THINK THEY ALSO OFFER OF THE
COIN PRODUCT TO THEIR RETAIL
CUSTOMERS TO BUT THE
YOU SEE MORE INSTITUTIONAL
PLAYERS COMING IN LIKE BACK
FROM ICE AND I THINK THIS IS A
STEP IN THE RIGHT DIRECTION
GIVING ACCESS TO MARKET TO
PEOPLE THAT WANT TO TRADE ON
THESE MORE RELIABLE, A
INSTITUTIONAL PLATFORMS TIME.
>> IS A COMPANY LIKE THE DELHI,
SOME OF THE OTHER INSTITUTIONS
OUT THERE HOW MUCH ARE THEY
WILLING TO PUT INTO MINING
EFFORTS IN TERMS OF AN
INVESTMENT.
>> WELL THERE'S DEFINITELY AN
INVESTMENT I CAN'T QUANTIFY HOW
BIG IT IS, BUT WE SEE A LOT OF
DEMAND, ESPECIALLY FOR HIGH
GRADE SERVICES THAT ARE
RELIABLE WITH MODERN FACILITIES
BECAUSE A LOT OF THE MINING AND
3 IN THE PAST HAS BEEN VERY.
US THEY'RE
VERY QUICKLY AND THEY'RE PRONE
TO FIRES AND WHATNOT AND
THEY CAN BE INTO A POLITICALLY