TeraWulf Inc. (NASDAQ:WULF) Q4 2022 Earnings Conference Call March 30, 2023 5:00 PM ET

Company Participants

Sandy Harrison - VP of IR

Paul Prager - Co-Founder and Chief Executive Officer

Patrick Fleury - Chief Financial Officer

Kerri Langlais - Chief Strategy Officer

Nazar Khan - Co-Founder and Chief Operating Officer

Stefanie Fleischmann - General Counsel

Conference Call Participants

Bill Papanastasiou - Stifel

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. My name is Bow and I will be your conference operator today. At this time, I would like to welcome you to the TeraWulf Q4 and Calendar Year 2022 Results and Business Update Call. [Operator Instructions]

Now at this time, I'll turn things over to Mr. Sandy Harrison, Vice President, Investor Relations. Please go ahead, Mr. Harrison.

Sandy Harrison

Thank you, Bow, and welcome to TeraWulf's Q4 and full year 2022 financial results and operational update call. I am Sandy Harrison, VP of IR and joining me on today's call are Paul Prager, Co-Founder and Chief Executive Officer; Nazar Khan, Co-Founder and Chief Operating Officer; Patrick Fleury, Chief Financial Officer; Kerri Langlais, Chief Strategy Officer; and Stefanie Fleischmann, General Counsel.

I want to remind everyone that during today's call, we will be making forward-looking statements. Forward-looking statements are neither historical facts, nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties and changes in circumstances that are difficult to predict, many of which are outside of our control. The company's actual results and financial condition may differ significantly from those discussed during this call. Additional factors that could cause actual results to differ from forward-looking statements can be found today, in our press release, and on TeraWulf's SEC filings.

Our comments are as of today and TeraWulf does not assume any obligation to publicly update any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.

With that, I would like to pass the call over to our CEO, Paul Prager for his opening comments. Paul?

Paul Prager

Thank you, Sandy. Good evening, everyone. And thank you for joining us in our fourth quarter and fiscal year 2022 earnings call. There's little doubt that 2022 was a transformational year for TeraWulf and for the crypto industry as a whole. During what proved to be an increasingly volatile macro backdrop and a resultant turbulent market, TeraWulf successfully transitioned from development and construction to Bitcoin generation, by remaining steadfastly focused on achieving our goal of building a scalable, vertically integrated Bitcoin mining company that uses low-cost zero-carbon energy.