Eric Johnson

So, and I know that you've spoken about that technology previously, but it just essentially churning around, using all these computers to churn around and mine Bitcoins, really energy intensive and working the margin on that.

However, in 2020,

recent years, in the last 18 months or so, it has pivoted in a very big way to become Australia's most ambitious data centre provider and cloud provider.

Now, there are

I was thinking about this.

I was doing some research.

It's a little bit like an Elon Musk approach.

Just reach for the stars.

Just go for the stars.

Just go big and bigger.

Their aim is to invest $73 billion across Australia by 2028, building out data centres and network of data centres in what it calls Project Southgate.

Now, these data centers aren't ordinary ones.

They're liquid cooled with the aim of using this technology with the aim of substantially lowering energy costs.

Energy is a big factor in running a data center.

They've got something that is at the start of, it's at the front end of technology.

So it's being trialed and being used a little bit around the world.

It hasn't really been rolled out at scale.

It's not to say the technology doesn't work, but

It's a very complicated technology and it involves a lot of expertise around it.

They've embraced it and they're building, at the moment, the first megadata center, the first hyperscaler providing cloud technology and all things for AI computing down in Tasmania.