I can't recall when was the last time investors were provided...

I can't recall when was the last time investors were provided some metrics on Bibra Lake's operations. Bibra Lake can host max 400 racks and has max capacity of 3mW. At my last call with Blake on 5th August 21, he said there was only 20 racks (out of max 400) filled. In 2020, they paid $385k annually in rent, assume rent goes up by 5% every year, it should be sitting at $425k now. Bibra Lake needs to have much more than 20 racks to just break even, let alone making a profit. As you mentioned previously, the majority of revenue growth has come from Mid West DC, so my take is there has not been much improvement in terms of rack filling at Bibra Lake, hence the lack of information provided.

Now in hindsight, I don't know if getting Bibra Lake was the right move for DC2. Last year, I had a chat with Matt, the ex-CEO of DXN, he said he knew the site and didn't like it for various reasons. Justin said they got Bibra Lake from a distressed owner, who made the DC go into an administration and then DC2 bought them out for "generally low cost" (his words). They've invested $2.5m in Bibra Lake, $1.3m in Equity and $1.2m worth of equipment was debt funded. And we all know the ROE has been so poor.