Cipher Mining Inc. (NASDAQ:CIFR) Q3 2022 Earnings Conference Call November 14, 2022 8:00 AM ET

Company Participants

Lori Barker - IR

Tyler Page - CEO

Ed Farrel - CFO

Conference Call Participants

Mike Colonnese - H.C. Wainwright

Operator

Good morning. Thank you for standing by, and welcome to Cipher Mining's Third Quarter 2022 Business Update Conference Call. Please be advised, today's conference is being recorded and a replay will be available on Cipher Mining's Investor Relations website.

I would now like to hand the conference over to Lori Barker, Investor Relations.

Lori Barker

Good morning, ladies and gentlemen, thank you for joining us on this conference call to discuss Cipher Mining's third quarter 2022 business update. Joining me on the call today are Tyler Page, Chief Executive Officer; and Ed Farrel, Chief Financial Officer.

Please note that you may also review our press release and presentation, which can be found on the Investor Relations section of the website at investors @ciphermining.com. Please note that this call will be simultaneously webcast on the Investor Relations section of the company's corporate website. This conference call is the property of Cipher Mining and any taping or other reproduction is expressly prohibited without prior written consent.

Before we start, I'd like to remind you that the following discussion as well as our press release and presentation contains forward-looking statements, including but not limited to Cipher's financial outlook, business plans and objectives. And other future events and developments, including statements about the market potential of our business operations, potential competition and our goals and strategies.

The forward-looking statements and risks in this conference call including responses to your questions are based on current expectations as of today and Cipher assumes no obligation to update or revise them whether as a result of new developments or otherwise, except as required by law.

Additionally, the following discussion may contain non-GAAP financial measures. We may use non-GAAP measures to describe the way in which we manage and operate our business. We reconcile non-GAAP measures to the most directly comparable GAAP measures and you are encouraged to examine these reconciliations which are found at the end of our earnings release issued earlier this morning.

I will now turn the call over to Tyler. Tyler?

Tyler Page

Hi. This is Tyler Page, CEO of Cipher Mining. Thank you very much for joining our third quarter business update call. Let me start with some key developments since our last call. Today, we are announcing quarterly earnings of $0.24 per share, which validate Cipher's resilient position as a low cost producer in Bitcoin mining.