John Todaro

Can you provide an update on how much USDC market cap is currently on the Coinbase platform, i.e., a January average or February number?

Beyond retail and institutional holdings of USDC on the platform, do you see banks, neobanks, remittance company integrations? And would those count as USDC on the Coinbase platform?

The two areas I see are stablecoins and then the tokenized real-world assets, which you've discussed. You know, you could see a world where a lot of that transfer activity all ultimately happens on...

wondering if you could expand on that or more cross-sell opportunities within that segment

did they eventually invite a world where we see fee compression in crypto?

does that basically leave us with $500 million or a $1 million or so that are out -- that was outside the November election

if there's more possibilities of kind of doing some direct product launches around Stable Coins

I was wondering if we could get an update on current lease discussions maybe beyond AMD on Rockdale and Corsicana, how you would characterize how those have progressed since last quarter

is there anything beyond your conversations where there is changes in demand signals or something of that nature in the last several weeks or months

is there a preference from you guys? Do you want to kind of mix in a couple of these different segments or hyperscaler does have demand for the whole thing

if we could just drill a little bit more into that leasing pipeline, the demand environment, how those conversations have evolved and kind of any timeline guardrails

Can you just give us an update, in particular, on the discussions you're having with potential tenants for those first few builds and what you need to do from here to get a finalized lease

is there still some additional power out there that you guys could procure

You mentioned an LOI is not in place right now. I just want to confirm that