Bitfarms Ltd. (NASDAQ:BITF) Q1 2022 Results Conference Call May 16, 2022 11:00 AM ET
Company Participants
David Barnard - LHA Investor Relations
Geoff Morphy - President
Jeff Lucas - Chief Financial Officer
Emiliano Grodzki - Chief Executive Officer
Conference Call Participants
Kevin Dede - H.C. Wainwright
Chris Brendler - D.A Davidson
Operator
Good morning and welcome to the Bitfarms First Quarter 2022 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to hand the conference over to David Barnard with LHA Investor Relations. Please go ahead.
David Barnard
Thank you, Anthony. Good morning everyone, and welcome to Bitfarms’ conference call for the first quarter of 2022. With me on the call today is Emiliano Grodzki, Chief Executive Officer of Bitfarms; 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 first quarter 2022 financial results.
Turning to Slide 2. I also want to remind you that certain statements we make today are forward-looking and in that regard, Bitfarms cautions listeners that forward-looking information and statements are based on certain assumptions and risk factors that could cause actual results to different 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 and refer to those risks set out in Bitfarms’ public documents filed on www.sedar.com and www.sec.gov/edgar.
The Company undertakes no obligation to revise or update any forward-looking information or statements other than as required by applicable securities laws. During this call, the Company will refer to certain matters not recognized under IFRS and that do not have a standardized meaning prescribed by IFRS and therefore may 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.