Q: Now that you have an MOU with the Malahat Nation, why should we be confident you can convert this into a definitive agreement? A: We actually have a definitive agreement in hand with the Malahat Nation. We are waiting to sign it until we line up our offtake agreements and an execution partner. We anticipate being able to sign the definitive agreement in the coming months. - Sheldon Bennett, CEO

Q: What is the Malahat partnership's expected impact on revenues? A: We expect a three- to five-year payback on generative AI servers, with investments possibly in the hundreds of millions of dollars. Revenue should follow accordingly over that payback period. - Sheldon Bennett, CEO

Q: What is your plan to bring on clients on Systemic Trust, and how much revenue do you expect next year? A: Laurence Strong, Systemic's CEO, and his team have been preparing to onboard clients. We are optimistic that upon receiving regulatory approval, onboarding will start early next year, with revenue following quickly. Exact projections will be clearer in the next one or two quarters. - Sheldon Bennett, CEO

Q: What is your plan to generate revenue from Terra Pool? A: Terra Pool's software and user experience have been revamped to allow seamless migration for clients. The primary goal is to enable Systemic Trust clients to send Bitcoin in a carbon-neutral manner, with Terra Pool providing a steady stream of carbon-neutral blocks. Additional revenue from Terra Pool is considered supplementary. - Sheldon Bennett, CEO

Q: Your new mining site announced keeps getting delayed, is it ever going to happen? A: We are still working towards an agreement and remain optimistic. The recent spike in Bitcoin price has influenced discussions, but we are proactively addressing this. We aim to finalize the agreement and start procurement for early construction in the new year. - Sheldon Bennett, CEO

For the complete transcript of the earnings call, please refer to the full earnings call transcript.