All right, welcome back, folks.
Happy New Year.
This is the first episode in the new year.
And just like I think it's already tradition, Nico,
I have to have you on for the yearly review report
that you guys put out.
Digital Mining Solutions.
You guys have been doing this for a couple years now.
We did it for the last one last year,
and we want to do it for this one this year.
If you want to read it before you start the interview, guys,
have a look at the show notes.
I'm sure we will link to the yearly report down there.
Nico, give people, for all those who don't know you yet,
a very, very brief introduction,
what you guys focus on while you write the report.
Go.
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Sure.
Yeah.
So Nico Smith, founder of Digital Mining Solutions,
We offer different services or solutions to businesses in the mining space.
So we do a lot of market intelligence, writing articles, reports,
like the one we're going to discuss today,
but also provide masterclasses for companies, investors, et cetera.
And then we focus a lot on consulting.
So we provide advice about business strategies, business models,
optimize pitch decks for companies that are raising funds,
benchmark projects and assess investment opportunities.
So that's what we do in a nutshell.
And this year is the third year in a row that we publish the annual review,
looking back at what happened last year and then also providing a bit of an outlook.
And just like last year, I had a co-writer, Cindy Fang of Bitcoin Mining Stocks.
And the report is freely available for everybody because it got sponsored by NICE.
So I think that sets this report apart as well because it's a very dense report for which normally you have to have a premium subscription somewhere or at least pay for it.
So it's freely available and I think there's a lot of signal, a lot of alpha in the report.
So I suggest I would recommend everybody to download it.
I can confirm all of the above.
I think so as well.
So we are recording at 931313 and our hash price looks like this.
My eyes do not deceive me as they often do these days.
We're going to see a minus 1.66 difficulty adjustment.
We can look at that just now.
We are nearly at the epoch and we are right around that $39 per petahash per day level.
now interestingly difficulty let's have a look at that i find that very interesting i don't know
maybe you recall and maybe we can use this as a um entry to the conversation nico when was the
last time that we saw one two three basically stagnating and then another difficulty adjustment
downward it's been a while i think the last time three in a row was in 24 so not too long ago but
But four in a row was, I believe, in 21 or something.
It's been a while, at least.
It obviously has to do with compressed revenues, right?
The hash price is very low.
But also in general, I don't know exactly what the weather is like now in North America,
but you see some impact of winter storms as well during these winter months.
So in the previous years, you've seen also has rates slowing down in December, January,
just like we see in the summer months when there's heat waves.
So high power pricing, but then we've had China scaling back.
Yeah, I know it just feels like a very, very weird time for mining,
but nevertheless, I feel like buying miners right now might be a very good play
because I don't think it can stay there for too much longer.
you see all these used machines flooding the market and yeah maybe as I said let's start
there Nico like hash rate growth 2025 what is your key takeaways there
yeah I think a huge takeaway is that we crossed that setahash it seems like a while ago already
but yeah I believe it was September that we crossed one setahash for the first time
and to put that into perspective,
it was only the beginning of 2020
that we crossed 100 extra hashes for the first time.
So 10x in a bit more than five years
and more important, we didn't drop back, right?
So we crossed through that one center hash and stayed above.
We saw a big decline over the last few months
but there was around 90 extra hashes
sorry and we're still above that one one set of hash so i think that's a very significant
and a big milestone but then if you look at you have the chart here like it's been very choppy
it's been very volatile the the hash rate over the the last year there were three big drawdowns
of 100 plus extra hashes and there was only one occasion in 24 that that happened more than 100
extra hashes that came offline on that seven day moving average so
uh well in the summer it was because of the the the heat waves that were going on in in north
america where i was obviously a lot of uh mining is concentrated around 38 percent of mining is
happening in the us of and of that uh big amount of hash rate a lot of uh it is hashing in uh in
texas and when there's heat waves miners curtail because they participate in demand response
programs and they're obliged to uh to power down or many also uh power down or or yeah
completely shut off during the harder days harder hours during the day to protect their equipment
especially if you have air-cooled machines, you don't want them to get damaged.
So many miners that don't participate in demand programs still put the machines in lower power modes during these hot days.
So that was the reason for the big drop in the summer months.
And before that, I don't know the exact reason, but I assume it has to do with new miners coming online, older equipment going offline, being moved to jurisdictions where power prices are cheaper.
So I guess it's the network on the move, let's say, or ASICs being replaced and deployed elsewhere.
What other key developments did you guys see or report on in the report in 2025?
If you can think of a couple highlights.
So obvious examples, Bitdeer that started the year, I believe, between 10 and 20.
Actually, I'll have to look it up exactly.
But they grew very aggressively this year.
They launched their SEAL Miner A2 and A3 series and the pro versions of those.
Many of those were wrecked on their own wrecks and they grew their operating mining fleet to over 40 extra hashes in early December.
And at the beginning of January, they had like 60 extra hashes of installed hashrates.
So I expect Biddeer maybe to become the biggest miner even this year, surpassing Mera.
and then Kanaan also a public miner
that manufactures ASICS
is reaching that 10 extra hash of deployed hash rates
and then there's the other manufacturers
like Bitmain and Wattsminer
that you and I and other players in the industry
know that they're self-mining
but they don't need to report on that necessarily
because they're not a public company
but they've been, if we look at Bitmain
They've been selling off facilities to Kangol, for example.
So, yeah, many of these ASIC manufacturers are starting to self-mine
because the demand for ASICs is slowing down
while they want to keep up those contracts with semiconductors
and be able to have access to those chip wavers and continue to produce.
and that's the reason why they start to self-mine more aggressively.
What does that mean for ASIC pricing going forward?
Maybe let's look into the future on that note a bit.
What do you think we will see?
I don't know what that will.
Just to add, we've seen huge slashes in price now recently.
The S19K, I think it's like $2.8 per T or something if you buy it in bulk.
It's crazy.
it puts the used market on its heels because now, you know,
that's what you got to price your used gear around is like similar
or better efficiency units at very, very low prices.
Do you think that's going to continue?
Where do you think the break even is?
Yeah, so I think there is a huge impact because when these ASIC
manufacturers start self-mining, they essentially have a very low
capital expenditure, right?
So they spend way less money on their ASICs
than any miner would if they buy retail or even wholesale.
So they have a competitive advantage there,
which also now that you see that the demand is slowing,
it doesn't slow down the hash rate growth.
So it makes maybe that hash rate growth less predictable
or maybe even more predictable if you know that they keep on deploying.
But it's less cyclical because of it, because the hashrate comes online
even though the demand is soft.
The impact on pricing, I think we've seen low prices for various reasons,
not only because demand was low, but also you have these bigger miners
that are able to set prices whereby before maybe the manufacturers had more power and were able to set the prices So the tables have turned a bit in that aspect
Yeah, and then perhaps more competition also in the mining space, right?
Bitmain obviously is still a very dominant player,
but with Bitdeer scaling up and Auradine entering the game
and you see more competition popping up.
So yeah, I think prices will stay suppressed for a while still.
Yeah, unless what I keep projecting finally happens
and Bitcoin price goes nuts
while competition for power is at an all-time high with AI
and a hash price only knows one direction.
because i mean look we you you said something um early already about you know hash rate growth in
2025 is there is there a scenario where um where hash rate doesn't grow year over year this year you
think uh yeah i don't see that happening very quickly i do think like we've seen three years
in a row like that like from the difference between 23 and 22 was huge like it went from
i think it was like 87 extra hashes that were added in one year to 250. 24 was 288 25 was 277
but you see that the the nominal amount of hash rate being added is it feels like it's hitting a
ceiling so i don't expect all of a sudden 500 extra hashes to be added to the network in 26
but i also don't think like we don't see any hash rate being added so my expectation is that yeah we
hit that ceiling and that growth will be similar this year to what we've seen uh seen last year
despite the competition for power and power being the bottleneck i think bitcoin miners will find
their way to where there's power available at a good price.
Because there's still a lot of power in the world to access.
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And without further ado, let's get back to it.
Yeah, and I think that's going to create some really interesting opportunities.
because in a world where these older units, now new,
don't cost as much anymore and used gear,
independent of hash price,
the used units will still have to compete with that.
And an S19K Pro is not going to jump from three to,
I don't know, $6 again, I think, when hash price moves
because everybody's still going to be interested
in those newer models, right?
But then that's the market I play in, you know,
and mining in Africa often is
between 25
and 30 joule per T
units and mining on those
and if they remain cheap
and you have that hash rate online
and obviously you get a boom
in hash price
in dollar terms
then that's a very good position to be in
and yeah
those fringes, I want to ask you about Ethiopia
just now but maybe give me your
thoughts on
you know where does mining go the fringes where are you seeing those for 2026
uh we mean like uh locations or like what do you mean by fringes yeah yeah fringes and because i
had i still had one thought about the asic and the pricing like what i'm curious to see is that
now you see the efficiency gains are slowing down this year there's the first machines that
coming out that are below the 10 joules per tera hash but uh yeah much lower deficiency uh is likely
not to uh not going unless there's a a huge innovation uh but it's uh i'm curious to see
like whether the the longevity from economic perspective of these machines will increase you
know like that maybe the turnover will will be slower than we've seen in the past and then
and you can mine longer with your units.
That's something I'm eyeing very closely.
Yeah, no, I concur with you.
I mean, I feel like the more efficiency gains we have,
the harder it gets to achieve more efficient units, even still.
And then, you know, the focus is just on something else.
you know like uptime probably or like yeah like uh i think there will be a move towards more quality
units that break less yeah like orodyne's machines yeah from what i've been hearing that's exactly
that and that total cost of ownership yes you pay a higher up front for on paper a lesser machine
but then what really matters is the operating efficiency over two year three year lifespan
Yeah, but back to that original question, Nico, where do you see like miners moving when we talk about the fringes of the energy system, like location-wise and business model-wise?
Yeah, so in the report, we talk about the AI HPC movement, right, and how that competes for power.
but you see that these AI HPC data centers they are after premium power you know on grid high
uptime so I think miners will move more and more to the edges like remote where there's no fiber
available where power is more intermittent so yeah perhaps flared gas or in areas where there's a lot
of renewables and you need to curtail your operations because of to balance the grid let's
say yeah so I see miners moving more to those types of locations and that can be in various
uh parts of the of the world right um and already what i've been seeing last year is that uh many
miners are uh are acquiring sites that are and then i'm talking about private miners not necessarily
the public miners they acquire sites that have five to twenty megawatts that's kind of a lot of
deals that i've been seeing uh and and those sizes are not uh always competing with ai hbc so uh
just smaller sites more remote sites uh uh power uh that's less reliable or uh intermittent and
then yeah there's obviously jurisdictions like in the in the brief before we talked uh shortly about
uganda there's there's gonna be jurisdictions where uh at risk from a political standpoints
and there's maybe also bridge to ethiopia like uh there's there's markets that have a higher risk
profile and in ai hpc will will first go to where that's uh that risk is relatively low because
there's more capital at risk uh then uh in the case of bitcoin mining and bitcoin miners are also
very mobile right like it's uh eventually it could pick up your container and move elsewhere
it doesn't always make sense from a cost perspective but uh at least uh yeah it's more
mobile than ai it's another it's another good bridge to ethiopia because those people who have
heavily invested in ethiopia are not happy right now you know um because yes technically it's mobile
but you know if you've got 10 000 asics in ethiopia right now good luck and you want to move them
you know it's it's going to be very very difficult to do that but do you want to give um listeners
an overview over what happened in Ethiopia from your perspective.
How did you transpire?
Yeah, so I think I know as much details as you do,
but we've seen an announcement that rates were going to increase,
and I believe the first increase already happened in December,
but there's more coming up to such an extent
that it doesn't make sense anymore to be mining in Ethiopia
ethiopia unless you're there to london money uh likely but uh yeah so the i think uh it's a pity
because um many miners invested a lot there like in a short period i think it was in 24 alone that
600 megawatts was built out uh yeah where is that uh that's that this capacity going now that's a
a big question and like you said it's not as easy to move that amount of equipment but uh
yeah also think of the the time if you move it that your equipment is standing still not making
any money and then the the the shipping costs uh importation uh taxes etc so it's uh
um yeah i'm curious to see what's going to happen where uh maybe miners just stay and and
and run as long as they can and then declare the site for that
and they stay in country or whether they actually are going to move.
Yeah.
I did a speech in Mauritius on this
and how Ethiopia is severely royally messing up their chance of independence
from an international perspective.
because you know if you look at the numbers there is a world in which ethiopia in the next 10 years
replaces all foreign aid development aid with bitcoin mining revenue from power that's otherwise
not sold um and it's just so sad to see you know it's like the same thing happening all over again
like paraguay um was like not in i sure last year we spoke about paraguay and how Paraguay had a chance to make more money from the dam They were selling power to Brazil at Ascent but now there competition for that power in Paraguay
And it's just so sad to see these countries not leverage these opportunities that they have to the best of their ability.
but it is.
I think the biggest impact is also like,
you see that doing business in such a country as Ethiopia
is very unpredictable.
So, I mean, I understand that maybe there's pressure on a grid
or there's upgrades that are required,
but I think they could have worked much better with the sector
and be able to find a solution that would be beneficial
for everyone.
But it's also miners, right, Nico?
I mean, if the amount of miners
that were advertising sites to me
and they were so proud
that they were 30 minutes from the airport,
I'm like, guys, this is not a good thing.
You know, you need to be five hours away
from the airport in a remote area somewhere
where there's a substation that has,
I don't know, two gigawatts of power available to it.
That's where you got to be.
not in the capital center where power is not scarce.
But anyway, this is not an Ethiopia episode.
I want to talk to you more.
No, but it could set a blueprint for other countries, right?
Yeah.
Even though it can show other countries maybe that's how you shouldn't do it.
Yeah.
You need flexible power zones and all of that.
And Nico, I want to talk to you a bit more about future outlooks.
There is something that you mentioned in there that I didn't hear before,
the Canaan partnership.
Yes.
With regard to the energy bottlenecks, what did they do?
Yeah, so that's two points, I think.
like one is that i i talk about canal getting into a partnership with sin vista which has turnkey
energy storage systems and also data center systems and also bitmain very silently
introducing their battery energy storage system i think it's interesting to see those moves because
Because you see mining becoming more and more or going deeper and deeper into grid management.
And it's no longer just generation or storage or mining.
But it's a complete picture whereby these projects try to optimize the generation usually of renewable energy that's intermittent like wind and solar.
uh yeah combine it with battery storage and uh and mining and uh yeah uh when uh when the time is
right uh load up those batteries and uh unload them uh to sell to the grid and make uh make money
there when there's no generation uh or when there's uh peaks and and low cost energy to start
mining so i think that's a it's a very interesting uh yeah interesting development to see that
both canaan and uh and bitmain are looking at that uh that corner let's say and i think uh
they're collaborating with uh energy storage systems uh makes a lot of sense because bitcoin
mining in to a certain extent is uh kind of uh it's not storing but uh it has the same same
function let's say so making it an integrated part yeah it's an energy sink makes a lot of sense
yeah why did you why do you think that main was so quiet about that
i don't i don't know exactly i saw that uh they promoted it in uh at a trade show in dubai i
believe uh all right but maybe they they will go uh more aggressively on that next year but i've
I've seen that they trademarked their energy storage system.
So maybe it's just a matter of getting to mass production
and putting more dollars towards marketing.
Yeah.
And then you had a section in the outlooks that was titled
Small caps on borrowed time.
Consolidation isn't optional.
You said to me before we started recording
that there was something written by Cindy, right?
Yeah, so Cindy Fang, the co-writer of the report,
she does a great job on the public miners
and does a lot of stock analysis.
What it comes down to is that, well,
the hash price has been compressed, right?
Revenues are very thin, margins are very thin,
and smaller miners have less economies of scale, let's say.
so they essentially benefit less from that economic skills.
They, in general, have a higher cost per miner
because they have less negotiation power,
and then they have less access to cheap capital
and, in general, weaker liquidity.
So it's just that the big boys will probably be able to withstand
these periods of low margins for a longer time.
And I think tied to that is also that many of the bigger miners,
they have a lot of power capacity in their pipeline,
and they've been signing big deals on the AI HPC side.
So they've been able maybe to pivot also.
easier than than the smaller caps yeah i i um on the flip side of that is you know i'm i think i
saw a headline today where where it said that riot was selling record amounts of their bitcoin that
they have in treasury because these are very low margin um times and yeah the typically the smaller
players i feel like are more nimble and able to take um advantage of these sort of fringe mining
opportunities you know because certain places will only think above yeah megawatts but there's not
that i think if you know but we are talking about public miners still right like in that section it
talks about uh small caps uh small cap caps miners i think private miners in general like they
They're a bit smaller, but most private miners, there's bigger miners, obviously.
But I think private miners in general are more lean financially.
They don't have management that gets big bonuses and don't depend on entering into deals just to get a headline and boost the stock price.
So, yeah, I do think like these small cap public miners will struggle more than many private miners.
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less narrative premium and treasury still a feature not a product that's also by cindy i'm assuming
yeah it is um but yeah so this year there were a lot of announcements right uh that boosted stock
price uh i think uh or 25 like i'm still living in the past so in 24 you saw a lot of miners
already announcing their pivot and that announcement of the pivot to ai hbc uh would boost their stock
price this year it was really uh onboarding clients uh that uh yeah especially big ticket
names like microsoft uh fluid stack core weave deals like those uh boosted stock prices um
the the thought of cindy there and also something i i think is going to happen is that
But right now, a lot of investors are still learning how to evaluate these stocks with regards to AI HPC deals.
But there's many miners that have different business models, right?
So there's miners that deploy GPUs at third parties and self-compute.
There's miners that co-locate.
There's miners that build out these facilities for hyperscales that are tailor-made.
there's different types of business models. AI HPC is now by many seen as one revenue stream, but
you'll see investors becoming more sophisticated, understanding the business behind the AI HPC
play, and they will value more and more those that result into
to an immediate or fast revenue stream
and also perhaps a bigger premium, right?
So onboarding a hyperscaler is great,
but it's a big scale, it's small margins.
Well, if you aim for smaller players,
the premiums might be higher,
just like in hosting with Bitcoin mining, right?
Like you can make a higher margin
with retail miners compared to institutional miners.
Understood.
Nico, talk to me about solar mining in 2025.
Do you have anything to work on mine there?
Yeah, so there's a piece about solar mining in there.
Like we've identified 36 blocks that were solar mined.
Perhaps there more out there that I missed but I looked at the CK pool and the easy mining tool of NiceHash So I found 36 solar mined blocks in total in the mempool
And we've seen it popping up on social media quite a bit,
which I think is a great thing.
And 36 sounds also like a great number,
but like today I was calculating, I was like, okay,
There's 53,000 blocks that were produced last year.
I just did the same math.
36 solo mines is like 0.07%.
So it's a small percentage, but I think it's a great movement
that people are more and more adopting these home miners,
small miners like Bitax and learn about mining.
but there's also bigger players that
like to
gamble and point
a big amount of hash rate for
a certain amount of time towards
solo money
yeah I think it's
significant because it just shows you
again that small bid access
standing here, playing by the exact same
rules
than the big public
miners worth billions of dollars
yeah there were some
bit access or nerd nerd miners that uh also hit blocks so it's it's not only a bigger amount of
of uh of hash rate but uh also these these mini miners that have been hitting blocks and it's
obviously grace like it's uh i'm i'm excited i'm gonna build this month hopefully um the
juakali miner did you see that from gridless no it's like a 12 volt dc miner i have some content
that on my on my channel as well and i'm building that it's like an in between between a real miner
and a and a bidax or something the idea is that you can just build it yourself it's fully open
sourced all the parts you know are out there and now i have to put together put together the thing
and find somebody with solar to hook it up to directly to dc um and uh yeah that that gets me
real excited.
Yeah, I think it's a great
educational tool, right? These
smaller miners. Yeah, for sure.
I think if you have it on a desk and you receive
people at your office
or at your home, then it's
always a good way to
tell people about what it is
and how it works.
Hey, even like the Avalon
Q has been, you know, Alta Air
who have started sponsoring the show.
Alta Air is selling the
Avalon Q like hotcakes.
Yeah, yeah, yeah.
They've been...
Anybody who's got free power in the office.
Yeah.
I also know guys that sell bid access and they've sold a lot.
It's really impressive how big the demand is.
So it's very interesting to see.
And I like to see that Kanan is on that home miner game as well,
including their home heaters, right?
Their heating systems that look fancy
and not like your regular miner.
I'm very excited about this year, Nico.
I think it's going to be a very good year.
It's going to be very interesting
for those of us who've been in this industry
to see where it's going.
It's going to be interesting, I think,
on the pool front as well.
We haven't talked about pools,
but I'm sure you covered them as well.
I know you work on our pools,
so I'm sure they have a section there.
This sort of FPPS versus PPLNS game,
or real-time FPPS potentially.
Energy sources, mining on the fringes,
what's the next Ethiopia is going to be super interesting.
Mining in Africa, it can only grow really.
Latin America as well.
What's happening in China?
There's just so much happening at the same time.
Yeah, it's so much like also with the report,
like it's a very dense and long report,
but we didn't include everything like we had to be selective for what to include so that's
i think it's very dynamic it's a broad ecosystem you can work on many different things within the
mining space so that's exciting and you see more people from other sectors dripping in right from
the energy sector from the finance sector so i think that's that's only going to drive innovation
and new services and products that i'm you wanna do you wanna do predictions to round out
well i'm not fond of predictions but you shortly touched upon price before we haven't talked
much about price yeah but uh yeah the fact that uh bitcoin uh ended slightly in the red is uh
it's really uh yeah i think unique if you see all the developments has been going on
on the regulatory aspect the institutional interest so yeah they there's been a lot of talk
of cell pressure of uh ogs right so i think uh yeah i'm if you look at what happened over 2025
and then where the price is standing it's it seems like uh bitcoin there's just so much insecurity
in the world man there's and i think bitcoin still trades like a risk risks uh risk on asset
risk off anyway you know what i'm trying to say it's not trading like gold is what i'm trying to
say yeah it's a risk on a risk on asset yeah um so yeah i do it yeah hash price hash rate
predictions in a year from now what do you think will be yeah so um in the report i did some
some projection like taking the month of a month growth rate of hash rates and then if
you do that if you apply a 2.52% month of a month growth has rate will end up at 1400
extra hashes if you take the nominal growth that we'll be seeing it will be around 1350
something like that so i expect hash rate to be in that range but if has rate is in that range
and bitcoin does not surpass the 100k again then hash price will stay below that 40 dollars per
peta hash so i think that's going to be very interesting to see like we've been going under
the 40 uh dollars per pet has in mid november so it's been seven weeks that we're below that level
yeah the longer we stay below that 40 dollars per pet has the the the more miners will uh
be struggling yeah and uh the more riot will have to sell off their uh their bitcoin right so uh
So I think if price doesn't do what it needs to do in the first half of the year,
it's going to be very interesting to see what's going to happen.
I have to say I love these times because it's like high hash price,
everybody celebrates, but then low hash price, everybody tries to innovate.
And you see what's really possible.
you know yeah and then maybe also looking forward uh the halving is not that far away so 2028
around may i believe it is now uh so yeah you asked before will hash rate grow like what might
slow down hash rate growth is uh the fact that the next halving is is is nearing and uh and that
transaction fees has been very low so it's yes look it's a it's a it's a funny phenomenon because
it's very tough right now to imagine just from a feeling perspective it's very tough to imagine
bitcoin price at 200 000 but once it hits 140 you know okay now it's much easier to to imagine 200
000 um and look if if every halving um if at every halving bitcoin price has doubled then hash price
price doesn't move much right um so yeah it's uh i i i love this industry i have to say it's
always interesting to philosophize it's never sure um but it's always better to have hash rate online
than offline that's that's the only thing that matters you know and i'm just out here finding
revenue splits um cheap power fringe power uh and i'm i have my hash rate on my on my block clock
and it makes me smile every day um and it doesn't really matter what hash price is if because i've
you know bitcoin if if you have sort of these these revenue split deals where you just get hash
rate um and uh a shout out to our pool i find that fantastic that you guys put out the the daily
earnings very transparently with a lot of decimal positions.
Yeah, the sets per terahash, right?
On LinkedIn, yeah.
It still seems like you're earning a lot, but...
Exactly. And it's going up, you know? Difficulty is moving down again.
Yeah, that's, I think, something miners really appreciate. It's a small thing, but
a stable or downwards adjustment is something that miners appreciate.
yeah definitely nico this has been fun again please everybody who's listened and made it this
far make sure you download the report if you have not read through it skim through it upload it to
chat gpt and ask questions make sure you interact with it it's really very very dense um and there's
a lot of nuances and a lot of learning in there so make sure to check it out nico any final words
I mean, if there's questions, you can always reach out to me.
I'm very active on LinkedIn and on X as well.
And you can find me via my website as well, digitalminingsolutions.tech.
So if you don't want to ask ChatGP, feel free to send out a DM and reach out.
Maybe you are ChatGPT, Nico, who knows?
Well, yeah, I experienced recently something very weird.
so uh yeah who knows we'll talk about that next time nico thank you so much for your time guys
happy new year like follow subscribe comment you know all that jazz i don't need to tell you that
in 2026 you should all be clued up i'll see you next time cheers bye bye