Efficiency, Sustainability, and Innovation: SATO Technologies' Impact on Bitcoin Mining
the industry we are not really competitors we are more like Co-op editors we work to work to sustain a direction which is securing the return Network and in the industry it's not the biggest to win it's the most efficient and that's what we have been focusing on for the past six years how can we extract more Bitcoins from the nmd that we have okay so welcome to this new episode of Bitcoin equities today I have with me a Roman result to the CEO of Sato Technologies Roma can you uh introduce yourself your background and your company and brief it our audience sure uh thank you Dad for having us today it's a real pleasure uh I'm Robert I'm 48 years old originate from France naturalized American 20 years ago when I moved to New York because I'm an entrepreneur I started companies back in 1995 in France uh that I've sold most of the companies and in 2017 with some friends and also my brother Matthew we decided to start mining and we created Sato Technologies so the idea was to be a group of friends just have fun at the beginning and it just happened that we had lots of success very early on at the at the beginning of the company not only uh because we signed a 20 megawatt deal of electricity in Quebec in Canada but also because we've been able to get access to bitcoin miners on big main S9 at that time uh and we grew the company over the years and in 2021 we decided decided to get listed on the tsxv under the ticker Sato and also in the US otcqb ccpu.f why did we get listed because it's a very capex intensive business and getting access to a public capital is one of the best way to go at scale We are following the steps of other Bitcoin miners like bit Farm Hotel work done it before us and the idea is that you get listed on the tsxz you raise money with the different Vehicles available by the stock market including dual listing in the US this is what they have done so we're looking at uh on this kind of directions we also wanted to be enlisted for uh are being very transparent in the industry I think it's something that is important and that's what we've been we've been focusing on for the past few years um the choice of getting listed I mean that is very helpful for us because uh our ETF is made of listed companies and I think there's the lack of uh listed companies in the whole crypto space and however it gives you some disclosure constraints on some transparency constraints that could uh perhaps uh give information to your competitors how do you manage being at the same time transparent without giving too much information well we are like Bitcoin we are an open company we believe in transparency we believe in trust ability and that's what we've been doing with Bitcoin mining now in the industry we are not really competitors we are more like Co-op editors we want to work to the same direction which is securing the bitter Network and in the industry it's not the biggest to win it's the most efficient and that's what we have been focusing on for the past six years how can we extract more Bitcoins from the energy that we have we are infrastructure people we are operator people we do everything ourselves we have no internet area between our electricity and our Bitcoin and in that regard showing our numbers and showing a full transparency on our financials and how efficient we are is something that is very important what we have shown 2022 we are operating cash flow positive for the folios it means that our data center 20 megawatt is making money and running money making money by itself q1 and Q2 not only we are operating cash flow positive but we are also making net profit uh so this is really one thing that is important to make sure that you have enough capital and that you can also focus on your efficiency just creating more Bitcoin the housing is coming in on probably 10 months 9 or 10 months now uh and uh really like the efficiency of of your Center is key with other factors one being the electricity price we have one of the best electricity pipes in the world first 4.4 4.3 cents a kilowatt hour us uh and it's also a very stable energy when you mind Bitcoin you want to have an energy that never stops and in Quebec we have one of the best energy in the world not only it's 100 renewable of 99.9 renewable uh mostly coming from hydroid electricity uh uh but it's also available at scale and very widely priced but it's not enough to be successful uh having low price of energy is not enough you need to run a data centers operations that are tight and the way you will manage your electricity your air quality your consolation uh your system to manage your computers we run around like 6 000 million weeks computers that are mining Bitcoin all of this you need to tweak and find perfection and more efficiencies in every steps of the convection of electricity to computing power and that's how you get a very efficient so being listed yes it's a it's a sometimes it's difficult uh it's uh it's more work but it's it's the right way to work yeah you know I'm just speaking about uh last year's results I saw recently that there is uh some new accounting um changes and the uh Accounting Standards when regarding Bitcoin the fasb if I'm not mistaken can you explain uh perhaps a little bit that's correct it's got some things that is uh related to us because in Canada that's already what we had but in the US they are making a change in how they are counting Bitcoin uh and so the Bitcoins on your balance sheet are were already more to Market exactly exactly so at the end of the month we put the market price and that's how we are we are we uh we do it and it was something that uh in the US Michael seller was really pushing a lot as being one of the biggest holder of Bitcoin we can understand why so I think it's pretty much a good news for the US uh for Canada it's not changing um anything for us yes but um so basically the new accounting Norm allows you to be able in the US now to value your uh Bitcoin at the price of uh the market instead of uh having them at the price of purchase or exactly accounting you had before that's correct um why is that positive you're showing that what you hold as a value that can then can change all the time and it has also some implications of tax visas uh I think American companies will be able to talk more about uh subject uh but it's um uh on on the way you are you account your Bitcoin which is your stock it's complicated you know when you look look at the uh on the financial statement of Bitcoin miners uh uh we create things that we don't sell or that sometimes we sell but at the price it can be different at the time you mine it at the time you sell it by the time you hold it uh and I would say that in any uh in any way I mean giving direction is a good thing this is what we're expecting from the us from our legislation legislature sorry this is really like giving us like a framework uh to work at least we know the rules and we know the rules are this way okay uh interesting that it gives more transparency because indeed I have looked at several uh balance sheet of Bitcoin Miners and sometimes you have to do a lot of adjustments to get the real uh assets and the real valuation and there's a lot of additional steps I would say from you have to take to analyze them compared to other companies with more traditional products yep so go ahead no so going back to what you said about Quebec being one of the best and the cheapest destination in the world um and you the fact being hydros or mining mostly in the renewable energy 1995 you mentioned 99 of the New York and 95 is from Idaho it's not the cheapest in the world oh you can get cheapest you can get cheaper Venezuela sometimes uh um Argentina other countries in the world maybe it can get cheaper but it's one of the best energy in a sense that it's a very stable it's at scale uh and uh are well advised so so what makes uh Quebec a uniquely positioned to offer this type of cheap energy to in the world basically well it's a decision they made back in after after World War II they decided to use a large water they have in the north of Quebec and to build to them uh so because of these decisions they really decided to uh to expand this energy and they made a bet and it was a good bet because now they have energy at scale uh it's uh transmitted and distributed all around Quebec one provider energy we don't have ppas like most of the miners have in the US we have one provider One Price same price for everyone uh uh right now however in Quebec there is some kind of a moratorium for Bitcoin mining it's come it's dated from 2018 and because we started mining before we are not under the small Italian but there is no more block of energy allocated for Bitcoin or crypto mining however they have block of energy allocated for other projects uh they are mainly focusing on a green nitrogen batteries and this kind of stuff but we believe there is also a way for us to go and convince them to build data centers also for AI and HPC which is also something that we have started to do for the past months we believe we have something to play in the industry because at the end we are transforming power into computing power today we've built and we've we plugged a Bitcoin miner but we could plug any kind of computers with some differences when we talk about HPR HPC or AI you have a few differences on hold on c for your electricity addition type of ventilation for the cooling and mainly you need to have a high bandwidth fiber type of connection but that the difference is that we understand that we know how to manage and that's why we are are developing toward the direction and also because it's going to be a great way to get access to more energy simpler okay so to get an idea this is quite unique and your business model there are other miners looking at HBC and AI but most of them are just sticking to Bitcoin mining why are you diversifying do you think there is also potential in the AI and HPC space serving this industry yes I believe the demand will be way over the offer in the coming 2 to 10 years and I believe we become mine up we have something to bring we are not going to do like Amazon or IBM or Microsoft different kind of data centers yet it's going to be kind of like similar type of implementation but again transforming energy into computing power that's what we know that's our knowledge that's our thoughts so we want to apply that into Ai and HPC and by doing so we believe we're going to have access to webmo energy faster and quicker we also believe that there is a um a way where HPC and AI will work extremely well with Bitcoin mining again when you look at the origin of of our work transforming energy we have something magical in liquid in Bitcoin mining which is called cocktailment domain response it's a fact by which we can stop our operation in Minnesota and give back the energy to the deed when it's needed we have this in Quebec it happens also in Texas and this kind of things but this is very very important because by doing so you make sure that the grades electrical grid you are working with uh is always flat and doesn't have curves ups and down so basically we are going to a municipality or CDE or region or problems or even a country and we say look you have energy that is unused unsold we're gonna we're gonna use it and monetize it for you and when you did it we stop could be an hour two hours five hours sometimes we stop ten percent twenty percent thirty percent of our production we are not making Bitcoin during that time but at least we are not losing anything we don't use data we don't lose anything and we we uh we start mining back as soon as uh the electricity is not needed it's part of our contract uh it's a certain number of hours but the beauty of it is that it's allowing us to integrate ourselves into an electrical grid and that's how we create a positive to the uh to the municipality we're working with before us they had energies that was not used before uh that wasn't sold before and because of us they are making extra profit in so many disparities for example not far from us it's a silly called the shabuk they made so much profit and so much money from hosting Bitcoin miners that did not increase the real estate tax by a thousand dollar per household it's huge it means that when you have a Bitcoin miner in your city it's a plus for all of the inhabitants we are creating jobs not a lot of jobs that's true but we pay higher than the average usually on the uh on the city that we are in we're also giving stock options to people we are also using lots of uh companies around us where we are in Joliet in Quebec it's an hour north of Montreal we spend around like three to four million dollars to electrical companies uh construction companies owners so it's good for the uh from the uh municipality resourcing us and we are now developing uh our Solutions where we can reuse the heat produced by our computers I'm not going to spend too much time to keep talking about it but we made a study with the University of Quebec with phds and the smart electricity lab uh to have data precise data on how much and how much heat we can use from our from our Bitcoin miners so we are really big bringing Innovation bringing jobs bringing over news and at the end we are also listed companies I mean listed companies it is a success it poses success of region a country a CV and and we are participating to that so people love adding us and I think in the future they will understand even better how the intrication between electricity and data center is going to be important and that's why we've been working on and for me and for us the one of the best I'm not saying we're going to be only the only one but one of the best will be to have a data centers that can mix Bitcoin mining where we can do this uh about craft element Nai in hvc where it never stops and by doing so you can make sure that the grid is always used at the right level but Bitcoin mining will be the uh the uh the things that you can play with to make sure that the grid has no issue so that's why we are going to set Direction uh and we believe in the in the coming years uh or it's gonna do the same thing for lots of Bitcoin miners stopping Bitcoin mining we are still very much delivered in Bitcoin mining We are continuing going on this on this phone but we will uh uh add every single letter to AI HPC and we're working on it actually okay I find that the containment uh uh possibilities of Bitcoin miners is really quite unique and I discovered it quite late in my Bitcoin Journey because most people don't understand very well uh how the power grid functions and how electricity consumption uh is not always bad it can actually stabilize the grid and help the electricity producer to uh run a more profitable business and be able to service in a more stable way uh his customers however I was wondering if they were any other curtailing uh industry or industries that are able to curtail that could compete with Bitcoin mining uh it's a good question I'm not sure I mean in data centers it's a little bit complicated because when you talk about like traditional data centers or Ai and HPC you need to have your power 24 7. so you can't really stop uh mining if you if the data centers I don't think they can do it maybe some part of the data can manage to do it but I think Bitcoin mining is very unique in that sense now if you talk about traditional Industries like uh aluminum uh um forget it you can't stop I mean you need to stop the energy it will never go back online because uh they need they need to keep a constant uh hit I think to uh to our tour to walk with the aluminum so I think we are very unique in that sense and and that that has been proven to be a big plus uh in uh the way we uh we uh we talk to different partners to implement our operation uh in your city and these benefits of Bitcoin miners come into add stability to the grid we hear a lot haircut in Texas uh praising them uh but I haven't seen many energy producers uh discussing it welcoming this industry and or even subsidizing them because at the end it gives you so much flexibility and so much visibility on your revenues that you should give them even cheaper prices don't you think I I totally agree I can agree more there's also another benefit that we have when we work with an energy company or when we work with the community parity let's say you you want to build out 500 megawatt one gigawatt of energy for your population in the next 20 years we become miners we are going to guarantee that we're going to be the first the first client which is great because when you build 500 megawatts when we go out in the next 20 years you're not gonna use it at the beginning you're gonna use it at the end but having a client at the beginning is a uh is an enormous plus uh and and I would say that I think we are on the verge of a new where people will see Bitcoin miners or data centers and I think more and more people understand the benefits that we have not only we consume very low energy in the world I mean or the last bitter mining console puts uh says that determining is the order two percent of the world energy so it's really nothing for security versus securization of the network Bitcoin last year in 2022 made more uh uh volume amount of volume than visa and MasterCard so for zero that two percent of the world that's interesting we are not producing carbon we are creating jobs we are stabilizing the grid and everything so at the end I think we are just at this point in time where people understand the benefit of having people like us working with them and I think we will see more energy provider coming to us and trying to develop a Bitcoin mining and what do you think is missing for them to to get orange pill to wake up on this new reality and this new opportunity because uh I'm sure out there in the world there's a lot of uh energy projects that are stopped because they couldn't find the right financing they couldn't secure the PPA from the municipality or from the government or the right subsidy so this is the kind of subsidy that is available everywhere in the world for everyone when when do you think this switch will happen ah it's difficult to put a time but it's it's happening right now I think uh it's not big yet but we are getting there and you know at the end when your population is gonna see that other cities are paying less taxes what are they gonna do they're gonna knock on the door the mayor saying hey can't we have a Bitcoin miner at the end we're not making noise uh we're not polluting uh we're a very clean uh uh industry we are strive to Perfection to Innovation uh to efficiency uh and that's that's also something that we've seen happening in Quebec uh in Quebec I know uh Mayors from series that are next to the series that we are that we are in and they are saying how do I how do I get you on my territory you know because it's it's it's it's money coming tour to get out the bank account so I think we're on the verge to to see people changing their mind and you know what in some point it's very like the internet back in 90s in the 90s late 90s uh at the beginning lots of people were resisting uh at least where I was coming from in Europe in France uh but at some point nobody's asking a question and we're like okay let's go and let's build it and the only way for us to do it is to really act and show the benefits that we can bring where we Implement our operation and that's what we've been doing and I hope it's gonna take uh it's gonna it's gonna be a happening as sooner than later but I think we are already at this point where it's gonna it's gonna it's gonna happen okay and if you look at the different sources of energy production so um which type of source I would say is the one that is struggling the most to get financed and that would be helped the most by Bitcoin mining subsidies or support well it's the the best energy is energy that is wasted energy that is not used and that's what we use in Quebec it's uh where we where we are the energy was there sitting there not used and when it's not Tuesday it's just Fiverr uh so that's really where it is important and to look at your grid when you have an energy or an energy company or if you are a country or Province or a state do I have energy that is wasted and how can I unvest it by putting operation behind it other than that you have very interesting concepts with flergal so flare gas is um coming from oil process mainly sometimes in some some provinces in Canada also in the US and other parts in the world mainly coming from packing uh and one of the emanation of that is uh releasing metal in the atmosphere and because it's not good so it isn't it and in the atmosphere companies where and are still burning it but in the burning process you still create CO2 and it's not very great so one thing that they did and there is a company called cruiseries that you that you probably know they are focusing on doing mining with flagel though they are taking a negative and putting it into a positive which I think is very interesting you have minors who are mining and getting electricity from tires from cars or you know yeah you have huge uh planes that are burning tires instead of burning tires and just burning tires they're reusing uh the heat to create energy uh you have miners who are even mining with dirt with a trash same stem or same ideas so you really have lots of ways to develop uh your energy and that's also why I'm very optimistic in in the future of of having no energy and continuing developing our solution is that if you have energy today and if you're not asking yourself how can I have a data center how can I put Bitcoin mining on it you're missing out and more and more people will realizing it some some big companies already mining I think it's X and mobile uh have been said to be mining already I think probably with Chris oil you have tepco also in Japan with a mining Bitcoin why because again what happens at our municipality level could happen at the state level okay it's still interesting okay back to your business model so um today your business model is extracting Bitcoin from the network and getting rewarded for the job and running uh a balance sheet with machines and Bitcoins um what's uh the pros and cons of holding your share instead of holding Bitcoin you mean the shelf of our stock market yes oh well I think we we are proxy for for people who wants to invest in in Bitcoin mining lots of people doesn't understand how to buy Bitcoin out to a store Bitcoin or cold wallet hot wallet uh it's very complicated buying shares is a natural process for lots of people but at the end I think uh um it's not the end of all I mean it's more it should it's not a oh it should do your end I think if you want to be exposed to bitcoin it's a good idea to buy Bitcoin and to buy publicly listed minus hackers um historically also if you look at the uh uh the stock price of the public miners like us we over beat or we surpass Bitcoin in bull market for example from January 1st to August 15 which is my last cut for for the data that I have where stock took 353 percent increase and Bitcoin took 80 uh so I guess it's it's a it's a great way to be exposed to bitcoin uh in a traditional Financial way buying a stock like you would buy apple or Amazon uh and I think we have even uh a plus we a junior minor because we're a junior company but we're striving and working toward becoming a senior on very very quickly uh I think the junior might see even bigger increase in the coming months or at least when the bull starts because we are under the radar people know us less and we can go uh probably at the bigger rate than the bigger older minus okay um and uh when holding Bitcoin we advise that most of the industry advises to DCA so uh dollar cost average buying a little bit every day saving uh some part of your salary of your savings of your income into uh Bitcoin because it's hard to find the bottom or call the bull market or the next will run uh what about your stock should someone have uh a view on the valuation or just a DCA how uh how do you view one versus the other in terms of investment well everyone is is responsible of his own choice obviously but we are building for the long term we are not here to do a quick cut on a hunt I created myself for the company research the other people back in 2017 I own more than 15 percent of the company and the three other with me also another like close to 10 percent each uh so we are aligned for the long term we win if the shareholders win after that anyone can enter today and then get up to raw or wait for the long term we're totally fine with it that's why we wanted to be reselled for also to um to get some ways for people to In and Out uh uh uh more questions and in startup you know like when you invest in a tech startup usually you get close you get locked for 10 years or five or ten years without institutions you have access to the stock so I think uh DCA for buying Bitcoin is a great strategy for buying stock it's like I don't know I think the question is the same for big companies again I thought you better to buy a little bit every day uh or to buy like a big chunk I think we are under-evaluated today uh I think we have lots of great things for us to go we showed that we were able to grow super effectively from 2 megawatt to 20 megawatts we want to do another 10 times minimum I'm 20 megawatt 200 megawatt if we can to do more we are in a linear business uh but we've shown our efficiencies we've shown that we've been able to doing at scale we will list another stock market uh now we are developing AI we're also developing a software for l2s lightning Network it's more long-term Vision because we want to have more ways to get access to um uh by doing so but it's more like for I would say the next Harding and not this one but there's a one coming after so it's four years or five years uh uh that we've been that we've been developing on this and again uh my line and all of the management is aligned with a long-term shareholders okay um going back to um what you said about the uh the the the additional stuff you're building on top of the Bitcoin mining and the HPC and the AI especially in the L2 I'm really interested in this part because I find a lot of uh listed companies in the Bitcoin space mostly Bitcoin Miners and but I see them more focusing only on Bitcoin mining rather on developing the softwares tools and all the essentials that you need on top of famous because Bitcoin is a great payment network but then once you want to build on top of it it's uh it's there where you gotta see the the most value I would say yeah that's so that's that's correct I mean the truth is our focus is really on building our infrastructure and that's really where we put most of our energy uh 200 of our energy energy figuratively and uh in here uh but that's that's what we've been focusing on our weather in that um uh the work of finding efficiency we developed our own software to manage our ctOS Miner so we have a team in-house that have been working with our apis with our own Bitcoin miners we developed our own system to understand all of data points in our Bitcoin mining uh as fun Etc and we've been developing this since 2018 we're also working to developing AI model to manage our main info uh basically managing your energy uh your your temperature your humidity and everything is something that we can have action with and we believe in AI our computer will be extremely great at school piloting the manager so we've been working on this since 2018 We are continuing it's a long-term process but the team that we have also internally has been able to deploy and develop projects on l2s right now it's it's more like experiences uh even so we have developed cool stuff we have developed an application for IOS and Android to manage your Originals it's called hot wallet we have also managed to make your website for people to do their own inscriptions or you can go online it's called inscribe.bisato.com you can inscribe whatever
you want on the Bitcoin blockchain we get a two percent fee we are also contacted by people who wants to do connection uh We've made a collection for a company called ordinal Labs early collection they did the eggs we needed or we inscribe because we can't really stand in touch for return mining for Bitcoin ordinals but uh a whole like 40 um Originals we are doing another collection as we speak from a Japanese artist so it's a way for us to make more fees uh when we are when we work with them it's it's not it's marginal today I mean we're not our top line is not going to be able to become to be able to be changed at least in the next few years but we're thinking long term we have also developed a great tool that uh uh people can find from our website it's a uh uh a software that you run on your side so we we don't know what your address you have and everything but it scans your Bitcoin wallet and it finds out if it contains some unique or exotic sets it's something that is new in the industry coming from ordinals but uh you have said that are worth more than the others uh it's completely crazy because you can sell one set on the on the on the market for around 300 or 400 so we're talking about 180 million percent return on investment so with this software you can find if you have websites if you have resets you can extract them and put them into a wallet address specific for later and all decide to sell them if you want but at least you have a we are using it for ourselves because as a Bitcoin miner we we are scanning every entrance of in coming from our phones and if we have hair stats we make sure that we extract them and put them aside because if we use them if we sell a Bitcoin for example and in if inside the utxo you have this reset it's plus forever uh so we're working on these things uh and for us it's really a way to be more on top of of what we do and understanding even better how we can use our Hardware with new types of software and there is a debate that was uh the best started you probably heard of it it's called beep 300 and beep 301 which are the new new implementation that could arrive with Bitcoin and um you have ways in which Bitcoin miners by developing software and being on top of software could be more performant so for us it's participating in the same vision and same direction of where the market is going again Focus today is our infrastructure how do we go from 20 to 200 megawatts or more and then on top of that for long-term Vision uh we're working on this software everything is uh you can you can see all of them from our website uh buysato.com yeah I was a task all these information on the website I'm gonna look it up just after our call very very interesting going back to the valuation you were saying that your evaluation was quite cheap uh how do you value a Bitcoin miner or at least how do you judge yourself to well good question I mean so far and what we have seen in bull market was to have a multiple of our mining power in exiled uh and that's how most of the analysts have been evaluating PPT listed miners uh is it going to be the same way in the future I'm not sure I think we are seeing more and more analysts following uh our industry more deeply and by doing so they are able to understand more of our financials and then be able to compare a little bit more who is doing what and how it's true that you have different strategies to deploy your episode on Bitcoin mining you can uh decide to just buy the miners and not hold on your infrastructure you can develop the infrastructure like we decided and also do 100 sub mining uh you have different ways also you have people who have ways to show different kind of accounts and how they will account their production on their other cost so it's true that it's difficult for people and analysts to really go deep into the financial statement of bitter minus but I think it's getting there ourselves for example we're talking to most of the analysts of the uh on the market who are following the industry and they're really getting more and more knowledgeable on what we do there is also something that is interesting to follow most of all of public miners that is the biggest one like us we publish our monthly production so every month all of the Bitcoin miners probably so much because and all those kind of things it's it's an interesting way to also compare the performance of of the Terminus in the number of Bitcoin per egg which is a ratio that people are following were always ranking in the top three uh best miners why because again efficiency is key uh not how big you are if you are efficient you want to go B but being big is not enough okay what about that how do you factor this in your valuation metrics When comparing Bitcoin miners well that is a an instrument that was made that is very much used by bitter minor uh historically uh uh we have been using that for buying some of our miners we found and we made one of the best deal probably the best deal of the industry we work with a Swiss bank called Signum uh and we uh made a 9.5 percent uh uh interest rate over three years for 9.5 million and with this we've been able to to buy our computing power self-mining however
in the future I believe that will also be very interesting for deploying long-term infrastructure traditional Banks uh people understand building on the long term and when you speak to Banks above like this kind of financing they are very much listing mainly if it's for AI and HPC for Bitcoin it's more complicated to convince a bank a Traditional Bank to invest for long-term infrastructure but Banks they have departments like you know you you say hey I'm going to transform energy for the next 20 years so you want to do it we we're going to develop this infrastructure this way deployed it that way and then at the end the the future for work will be to really be bringing a mix of equity raise and that financing for for developing our infrastructure for for the traditional infrastructure again energy ventilation and all this kind of space and then computing power and we can use both in the future yeah so um so that's uh that's quite interesting actually that uh there's an infrastructure play that comes on top of the uh activity play which brings me to perhaps my last question about uh uh the conversion of this industry so fast forward 10 years from now where do you think this industry going like becoming uh well we're going to the Moon no but like becoming specialized industry or becoming an an integrated energy in the industry within the energy sector I think it's going to be integrated intricated with energy sector uh it's it we're not gonna see the difference between someone who is producing energy and someone who is managing a data center or probably with a mix of bitter Mining and AI HPC uh this is the way to go and and again if if you have energy today and if you're not asking yourselves how can I have a Bitcoin mining or a data center with it you're missing out and then I think in 10 years we are not going to see the difference and people will not ask the question and people will not fight having data centers for whatever reason they've been told by uh by some part of the media okay okay thanks a lot for your time I'm gonna share all the links that we talked about uh on uh online and I hope to see you soon on the next episode my pleasure after you publish perhaps your next results or another event happening on uh companies that you would like to announce and share with our shareholders my pleasure thank you Dad
2023-10-05 09:47
