carbonized global energy systems and she in particular highlights one paragraph from this letter from ocker they have formed a new division called c.t.e. which is investing in bitcoin and i think this is important for the audience to hear c.t. will establish mining operations that transfer stranded or intermittent electricity without stable demand locally wind solar hydro power economic assets that can be used anywhere because it is in our eyes a load balancing economic battery. and batteries are essential to the energy transition required to reach the targets of the paris agreement our ambition is to be a valuable partner in new renewable projects 3rd we will build and invest in projects and companies in ecosystem for a certain mark of a statement because already 30 percent of the energy required in the big point at work is renewable and now this just makes it that much more percentage of the total power and it's heading toward 100 percent renewable energy because solar wind and renewables are now the cheapest forms of energy and that's the main component in pricing because mining is the e