Call Start: 08:30 January 1, 0000 9:21 AM ET
Hut 8 Corp. (NASDAQ:HUT)
Q2 2024 Earnings Conference Call
August 13, 2024 08:30 ET
Company Participants
Asher Genoot - Chief Executive Officer
Shenif Visram - Chief Financial Officer
Sean Glennan - Incoming Chief Financial Officer
Conference Call Participants
John Todaro - Needham
Mike Colonnese - HC Wainwright
Operator
Good morning and welcome to Hut 8’s Q2 2024 Financial Results Conference Call. After today’s presentation, there will be an opportunity to ask questions. Please note that this event is being recorded and a transcript will be available on Hut 8’s website. In addition to the press release issued earlier today, you can find Hut 8’s Quarterly Report on Form 10-Q on the Company’s website at www.hut8.com under the Company’s EDGAR profile at www.sec.com and under the Company’s SEDAR+ profile at www.sedarplus.ca.
Unless otherwise noted, all amounts referred to during this call are denominated in U.S. dollars. Any comments made during this call may include forward-looking statements within the meaning of applicable securities laws regarding Hut 8 Corp. and its subsidiaries. The statements may reflect current expectations and as such are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include but are not limited to factors discussed in Hut 8’s Form 10-Q for the three and six months ended June 30, 2024 and Form 10-K for the year ended December 31, 2023, as well as the Company’s other continuous disclosure documents. Except as required by applicable law, Hut 8 undertakes no obligation to publicly update or review any forward-looking statements.
During the call, management may also make reference to certain non-GAAP measures that are not separately defined under GAAP, such as adjusted EBITDA. Management believes that non-GAAP measures taken in conjunction with GAAP financial measures provide useful information for both, management and investors. Reconciliations between GAAP and non-GAAP results are presented in the tables accompanying the press release which can be viewed on Hut 8’s website.
I would now like to turn the call over to Asher Genoot, CEO of Hut 8.
Asher Genoot
Good morning, everyone. Thank you for joining us today as we look back at an incredibly important quarter for Hut 8. In any market, businesses must navigate the inevitable ebb and flow of macro headwinds and tailwinds. In Bitcoin mining, the network having is amongst the most powerful of these forces. While we cannot control forces like we’re having, we can't control how we respond to the challenges they create. We believe the hallmark of an enduring business is the ability to create value across market cycles.