Thank you.
On Mr. Morphy's comments about other economic activity specific to bitcoin mining, there is a Canadian start-up in Vancouver that works with the City of Vancouver and BC Hydro on bitcoin heat that's generated. It's being used in district heating. It's been very successful. It's already demonstrated this in the spirits business, working with manufacturers of different alcohols. It is now doing this in co-operation with BC Hydro, which is a provincial government company, and the City of Vancouver. These are the types of areas in which we're taking one technology and its energy consumption and turning it and using it again for the benefit of people, which is a great thing.
I think that if we stifle the industry with restrictive laws or things like this taxation issue that we're representing here, it will stop the small start-ups that can become great companies and grow into providing great solutions using blockchain energy and the resource constraints that we have in building infrastructure.
There's one more comment that I would like to make before we end. We set up in British Columbia. We are very close to the U.S. border. We sit on the Columbia River. Most of the power that's not consumed in our region is sold down to the U.S. and Washington state. The load that we now take was a load that was lost, unfortunately, to a previous company that was there and was not able to get through the timber issues with the U.S. countervailing duties. The power that we consume now is power that's not being shipped down to the U.S., where most likely it would be in bitcoin mining.
There's a lot of bitcoin mining in Washington state. Our decision to set up in B.C. has brought jobs to an area that was closed down, and it has enabled me to create a software platform company—not just a bitcoin mining company—that has high-paying jobs and is developing great technology.
I really hope that through these meetings, we will have another, larger meeting and take on these challenges, because innovation is here. As I said already, SFU is our big partner in innovation around blockchain. I know universities are very interested in this technology, because their students are very interested in it. My own son is in computer science at SFU, and he is very interested in blockchain and energy efficiency. Everybody is interested in this as well.
We have the ability to take on these challenges and grow this technology for Canada and for the world to see what we can do.