Bitfarms Ltd. (NASDAQ:BITF) Q2 2022 Results Conference Call August 15, 2022 11:00 AM ET
Company Participants
David Barnard - LHA Investor Relations
Geoff Morphy - President
Jeff Lucas - Chief Financial Officer
Conference Call Participants
Kevin Dede - H.C. Wainwright
Chris Brendler - D.A Davidson
Dillon Heslin - ROTH Capital Partners
Operator
Good morning. My name is MJ and I will be your conference operator today. At this time, I would like to welcome everyone to the Bitfarms Second Quarter 2022 Financial Results Conference Call. [Operator Instructions] As a reminder this conference is being recorded, August 15, 2022.
I will now turn the call over to David Barnard from LHA Investor Relations. David, you may begin your conference.
David Barnard
Thank you, MJ. Good morning everyone, and welcome to Bitfarms’ conference call for the second quarter of 2022. With me on the call today are Geoff Morphy, President and Chief Operating Officer; and Jeff Lucas, Chief Financial Officer.
Before we begin, please note, this call is being webcast live with an accompanying presentation. To watch along with the slides, you can log onto our website at www.bitfarms.com under Investors Presentations. If you prefer to listen to the call on your smartphone, you can download the presentation from there as well. I would like to remind you that this morning Bitfarms issued a press release announcing its second quarter 2022 financial results.
Turning to Slide 2. I’ll remind you that certain statements that we make during this call may constitute forward-looking information and safety. Bitfarms cautions listeners that forward-looking information and statements are based on certain assumptions and risk factors that cause actual results to differ materially from the expectations of the company.
Listeners should not place undue reliance on forward-looking information or statements. Please see today's press release -- those risks set out in Bitfarms’ public documents filed on SEDAR, as well as sec.gov. The company undertakes no obligation to revise or update any forward-looking information or statements other than as required by applicable securities law.
During this call, the company will refer to certain measures not recognized under IFRS and they do not have a standardized meaning prescribed by IFRS, and therefore maybe not be comparable to similar measures presented by other companies.
The Company uses the following non-IFRS measures: gross mining profit; gross mining margin; EBITDA, EBITDA margin; adjusted EBITDA and adjusted EBITDA margin as additional information to complement IFRS measures to provide a further understanding of the Company’s results of operations from management’s perspective.