Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q1 2023 Earnings Conference Call May 11, 2023 8:30 AM ET

Company Participants

Chris Brendler - Vice President of Investor Relations

Fred Thiel - Chairman and Chief Executive Officer

Hugh Gallagher - Chief Financial Officer

Conference Call Participants

Joe Flynn - Compass Point Research and Trading

Lucas Pipes - B. Riley Securities

Tyler DiMatteo - BTIG

Kevin Dede - H.C. Wainwright

Brian Dobson - Chardan Capital Markets

Operator

Good day, ladies and gentlemen and welcome to Marathon Digital Holdings First Quarter Earnings Webcast and Conference Call.

I would now like to turn the call over to your host, Chris Brendler, Vice President of Investor Relations. Please go ahead.

Chris Brendler

Thank you, Sherry. Good morning and welcome to Marathon Digital Holdings first quarter 2023 earnings call. Thank you for joining us for our call today. With me on the call our Chairman and CEO, Fred Thiel; and our CFO, Hugh Gallagher.

Before we get started, I'd like to remind everyone that our prepared remarks may contain forward-looking statements, which are subject to risks and uncertainties, and that we may make additional forward-looking statements during the question-and-answer session. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. When used in this call, the words anticipate, could, enable, estimate, intend, expect, believe, potential, will, should, project and similar expressions as they relate to Marathon Digital Holdings are as such a forward-looking statement. Please refer to our earnings release for a full recitation of our forward-looking statements.

Investors are cautioned that all forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those anticipated by Marathon at this time. In addition, other risks are more fully described in Marathon's public filings with the U.S. Securities and Exchange Commission, which can be reviewed at www.sec.gov.

Finally, please note that on today's call, we will refer to certain non-GAAP financial measures in which Marathon excludes certain expenses from its GAAP financial results. Please refer to our company's periodic reports on Form 10-K and 10-Q for a full reconciliation of its non-GAAP performance measures to the most comparable GAAP financial measures.

We'll begin today's call with prepared remarks from Fred and Hugh. After their comments, we will be going through some of the more popular questions from our investors before transferring to a live Q&A with our covering analysts.

And with that on the way, I'm going to turn the call over to Fred to kick things off. Fred?