Big Digital Energy, Inc.

Good day and welcome to Big Digital Energy's second quarter 2026 earnings call. At this time, all participants are in a list-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question, you will need to press star 11 on your touchtone telephone. Please note this call is being recorded. I would like to turn the call over to Samir Jain, Orange Group Advisors. Please go ahead.

Thank you, Operator. Good afternoon and thank you for joining us for Big Digital Energy's second quarter 2026 earnings call. Joining me on the call today are Chief Executive Officer Phil Stanley, Executive Chairman Josh Kilgore, and Chief Operating Officer Cody Smith. Before we begin, please note that the information recorded on this call speaks only as of today, August 13, 2026, and therefore any time-sensitive information may no longer be accurate as of the time of any future replay, listing, or transcript reading. A replay of today's call will be available by webcast on the company's website, www.bigdigital.energy, and more information on how to access this replay feature will be included in the company's earnings release. Comments on this call may contain forward-looking statements within the meaning of the US federal securities laws. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties that could cause actual results, products, activities, or timeframes to differ materially. For example, statement suggesting or implying the company's ability or positioning for growth, as well as any statements that indicate future dates or timeframes are forward-looking statements and inherently uncertain. In some cases, you may identify forward-looking statements by terms such as believe, expect, potential, should, plan, or similar terminology. But any statement that is not a statement of historical fact may be a forward-looking statement. These statements reflect the current views of Big Digital Energy's management and are not current guarantees of future performance. Actual results may differ materially from those expressed or implied by any forward-looking statements due to a number of factors, including, among others, those described in the company's filings with the SEC. The company undertakes no obligation to update or revise any forward-looking statements except as required by law. Please refer to the company's Form 10-K and other filings with the SEC for discussion of risks and uncertainties that may affect our upcoming results Future Plans, and Project Development, among other things. We will discuss certain non-GAAP financial measures during this call. These measures should not be considered a substitute for GAAP results. A reconciliation to comparable GAAP measures is included in our earnings relief and SEC filings. With that, I'll pass the call to Big Digital Energy's CEO, Bill Stanley.

Thanks, Samir, and thanks to everyone joining us today. Welcome to Big Digital Energy's inaugural earnings A lot happened this quarter, and I want to walk you through exactly what's changed, what we accomplished, and where we are taking the business. In early April, Josh, Cody, and I assumed leadership of what was then Mawson Infrastructure Group. By end of the month, we expanded and reconstituted the board of directors, changed the company name to Big Digital Energy, and began trading under our current ticker, BGDE. Like the three of us, We know there were many fellow investors, partners, and employees disappointed by the legacy of this company. Our decision to rebrand as Big Digital was a direct response to this and reflects our commitment to establishing a new strategic direction and governance framework for the company we're in today. Let me also be direct about alignment. Josh, Cody, and I beneficially own approximately 29% of this company's common stock. We are far and away the largest shareholders of Big Digital. Not only that, we continue to acquire more stock. In June, members of this team purchased additional shares in the open market. This means that when we make decisions about capital, about dilution, and which deals to sign and which to walk away from, we are making them with the same incentives as you. We believe our significant ownership position creates strong alignment with shareholder interests. So the natural question. What's the plan to achieve our desired goals? Let's start with who we are. We are an owner and procurer of controlled powered land. We currently have 129 megawatts of online capacity with a pipeline many times that size. At a moment when power, not chips, is being the binding constraint on the build out of artificial intelligence, this positioning is paramount. We've all seen what that constraint has done across the sector. Public Bitcoin miners have now announced over $70 billion in AI and HPC contracts. Core Scientific has a 12-year, $10 billion contract with CoreWeave. Iron signed a $9.7 billion AI cloud agreement with Microsoft. TerraWool's HPC leasing revenue has now surpassed its mining revenue. Hut8 signed a 15-year lease worth nearly $10 billion on a single Texas campus. The list goes on and on. and the market is searching and paying for companies with energized sites. Big Digital Energy is positioned for the same transition but trading at only a fraction of the valuation. While we don't agree with the discount, we understand what we have to do is erase it. Our job is to move the theoretical into the practical and execute on transactions. Not letters of intent or advanced discussions. Closed deals, energized machines and audited numbers. That execution is already well underway. Behind the scenes, our team is engaged on multiple fronts to ensure we're positioned to move quickly as opportunities materialize. We continue to work closely with banking partners and prospective capital providers to secure the financing necessary to develop our existing portfolio and bring additional privately owned control power sites under the big digital platform. But as I discussed earlier, every financing decision begins with one principle. Thank you for joining us today. We're actively engaging with strategic partners and prospective compute off-takers so that as capacity becomes available, we have high-quality counterparties ready to utilize it. None of this is particularly visible from the outside today, but it represents the foundation we're building to convert our pipeline into contracted revenue-generating assets. My colleagues will walk through many of these initiatives in greater detail, but the progress we've made over the past quarter can be summarized in three key areas. We resolved many of the legacy issues that have hamstrung this company for years. NASDAQ compliance has been restored. The poison pill has been terminated. Numerous legal overhangs have been resolved. And a stalled legacy AI contract has been formally closed out. Second, we put our existing capacity back to work. The 630 AI co-location agreement is deployed and ramping, with new machines arriving weekly. and third, we took meaningful steps forward toward positioning Big Digital for the AI opportunity through the acquisition of our Cleveland, Texas site and our joint venture with 10 Net Zero in Hood County. Josh and Cody will now walk you through these changes in greater detail. Josh?