Hut 8 Corp. (NASDAQ:HUT) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET
Company Participants
Asher Genoot - CEO
Sean Glennan - CFO
Conference Call Participants
Mark Palmer - The Benchmark Company
George Sutton - Craig-Hallum Capital Group
Mike Colonnese - HC Wainwright
John Todaro - Needham
Operator
Good morning, and welcome to Hut 8 Q3 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 noted otherwise, all amounts referred to during the 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 nine months ended September 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 if 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, and welcome to our third quarter earnings call. The digital infrastructure industry is on the brink of transformation. As AI drives unprecedented demand for computing scale and density, we are witnessing a fundamental reevaluation of every link in the data center development value chain, from power sourcing to infrastructure design and construction. As this transformation unfolds, we believe we are well-positioned to capitalize on these secular tailwinds.