Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET

Company Participants

Charlie Schumacher - Vice President, Corporate Communications

Fred Thiel - Chairman and Chief Executive Officer

Hugh Gallagher - Chief Financial Officer

Conference Call Participants

Lucas Pipes - B. Riley Securities

Jon Petersen - Jefferies

Kevin Dede - H.C. Wainwright

Chase White - Compass Point

Zach Sippel - D.A. Davidson

Operator

Good day, ladies and gentlemen. Welcome to Marathon Digital Holdings First Quarter 2022 Earnings Webcast and Conference Call. I would now like to turn the call over to your host, Charlie Schumacher, Vice President of Corporate Communications. Please go ahead.

Charlie Schumacher

Thank you, Karen. Hello, everyone and welcome to Marathon Digital Holdings inaugural earnings call. Today, we will be reviewing our results for the first quarter ended March 31, 2022. We will begin with some prepared remarks from our Chairman and CEO, Fred Thiel and our CFO, Hugh Gallagher. After their prepared remarks, we will be taking questions from our covering analysts.

Before we start, a few reminders. I would like to remind you all that this call – management that in this call management’s prepared remarks contain forward-looking statements, which are subject to risks and uncertainties and management 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 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 ww.sec.gov.

Finally, please note that on today’s call, management 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. Once again, this call in its entirety is being webcast on our Investor Relations website. A replay of this webcast will also be available on our website shortly.