Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET

Company Participants

Robert Samuels - VP, IR
Fred Thiel - Chairman & CEO
Salman Khan - CFO

Conference Call Participants

Reggie Smith - J.P. Morgan
Tyler DiMatteo - BTIG
Lucas Pipes - B. Riley Securities
Kevin Dede - H.C. Wainwright

Operator

Good day, ladies and gentlemen. Welcome to MARA's Second Quarter 2024 Earnings Webcast and Conference Call.

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

Robert Samuels

Thank you, Darryl. Good afternoon, and welcome to MARA's second quarter 2024 earnings call. Thank you for joining us today. With me on today's call are our Chairman and Chief Executive Officer, Fred Thiel; and our Chief Financial Officer, Salman Khan.

Certain statements made during this call may be considered forward-looking statements within the meaning of the federal securities laws. In particular, any statements about our future growth plans and performance, our liquidity position, our growth opportunities and our future financial performance are forward-looking statements. These statements are often identified by the use of words such as anticipate, believe, estimate, intend, design, may, plan, project, would, and similar expressions or variations.

Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements made on today's call involve risks and uncertainties. While we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so, except to the extent required by applicable law.

Our actual results and outcomes may differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors discussed under the heading Risk Factors in our most recent annual report on Form 10-K and any other periodic reports that we may file with the SEC.

Finally, please note that on today's call, we will refer to certain financial measures that were not prepared in accordance with the generally accepted accounting principles in the United States, including adjusted EBITDA and non-GAAP total margin. MARA believes these non-GAAP financial measures are important indicators of its operating performance because they exclude certain items that we do not believe directly reflect our core operations and may not be indicative of our recurring operations.

Please refer to the earnings release for a full reconciliation of these non-GAAP financial measures to the most comparable GAAP financial measures. As usual, we'll begin today's call with prepared remarks from Fred and Salman. After their comments, we will go through some of the more popular questions from investors before transferring to a live Q&A with our covering analysts.