Cipher Mining, Inc. (NASDAQ:CIFR) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET

Company Participants

Tyler Page – Chief Executive Officer

Ed Farrel – Chief Financial Officer

Lori Barker – Investor Relations

Conference Call Participants

Kevin Dede – H.C. Wainwright

Chris Brendler – D.A Davidson

Presentation

Operator

Hello, and welcome to the CIFR Mining First-Quarter 2022 Business Update Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]. It is now my pleasure to introduce 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 First Quarter 2022 business update. Joining me on the call today are Tyler Page, Chief Executive Officer, Ed Farrell, Chief Financial Officer. Please note that you may also review our press release in presentation, which may be found on the Investor Relations section at 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. The conference call is the property of Cipher Mining and imitating or other reproduction is expressed 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, contain forward-looking statements including but not limited to Cipher's financial outlet, 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 include responses to your questions are based on current expectations as of today, and Cipher assumes no obligation to update or revise them, whether it's shows of new developments or otherwise, except as required by law. Additionally, the following discussion may contain non-GAAP financial metrics. We may use non-GAAP measures to describe the way in which we manage an operator business. We reconcile non-GAAP measures to the most directly comparable GAAP measure and you are encouraged to examine these reconciliations which are found at the Cipher earnings release issued earlier this morning. I will turn the call over to Tyler. Tyler?

Tyler Page

Thank you Lori. Hello. This is Tyler Page, the CEO of Cipher Mining. Thank you for joining our first quarter earnings call and I look forward to providing a business update. Let's start with an overview of Cipher Mining. We are a U.S. based large-scale Bitcoin miner with key competitive advantages in equipment, power, and operations. We brought our first Bitcoin mining operations online in February. And we have significant build-out plans for 2022 and 2023.