BitFuFu Inc.

Ladies and gentlemen, thank you for standing by for the BitFufu first quarter 2024 earnings conference call. At this time, all participants are in listen-only mode. After the management give their prepared remarks, there will be the question and answer session. As a reminder, today's conference has been recorded. I would now like to turn the meeting over to your host for today's call, Mr. Charlie Brady, Vice President of Investor Relations for BitFufu.

Please proceed, Mr. Brady. Thank you, Operator.

Good morning, ladies and gentlemen, and welcome to BitFufu's first quarter 2024 earnings call. The company's financial results were released earlier today and are available on the BitFufu Investor Relations website at ir.bitfufu.com, as well as on the globalnewswire.com website. Joining me today on the call are Mr. Leo Liu, Chairman and CEO, and Kyla Zhao, Financial Controller. who will both be available to take your questions in the Q&A session that follows our prepared remarks. Before we begin, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from management's current expectations. Potential risks and uncertainties include but are not limited to those outlined in the company's public filings with the SEC. The company does not undertake any obligation to provide any forward-looking statement except as required under applicable law. We will be discussing non-GAAP financial information on this call. The company is providing that information as a supplement to information prepared in accordance with accounting principles generally accepted in the United States, or GAAP. You can find a reconciliation of these metrics to the company's reported GAAP results in the reconciliation table provided in today's earnings release. I will now turn the call over to Leo Liu, the company's chairman and chief executive officer.