Brad, welcome back to Austin.

Parker, good to be here, man.

Last episode with Pierre, we went real deep on the difficulty target and the difficulty adjustment.

Today we're going to talk about mining and Erkot, Erkot generally, grid mining, but also talking about the broader market and how Bitcoin mining

fits into that.

So we'll inevitably get deep, but appreciate you being here in recording.

Got Brad Cuddy from Choya, Inc.

What does the hat say?

Never stop exploring.

We've got to figure out if that was a Gideon Powell original or if it was passed down,

but love that.

I shot on a text, no answer yet, so.

Not yet.

CBD.

All right, we're going to dive right in to an actual example of how bitcoin mining is interacting with the irkot grid in terms of winter

storm and around scarcity events and then we'll kind of come back up for air to talk about how

different levers why things are happening.

But there was a chart that Urquah had put out during winter storm, Heather, in January

of 2024, that the storm spanned two or three days.

And the price of power effectively increased from

you know $15 a megawatt hour to on a log scale looks like $750 to $1,000 to $1,000 a megawatt hour.

And approximately 1.1 gigawatts of power,

...