Big Digital Energy, Inc.

Ladies and gentlemen, the conference will now begin. I would like to turn the call over to management.

Hello, everybody, and thanks for taking the time to hear about Mawson Infrastructure Group.

My name is Nick Hughes-Jones, Chief Commercial Officer of Mawson, and I'll be taking you through the investor presentation today. But first, I need to read you a short disclaimer around forward-looking statements. Please be aware today we'll be making forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks that could cause actual results to differ materially from those expected. Please be sure to refer to the cautionary text regarding forward-looking statements contained in this presentation on slide two. Okay, with that out of the way, Mawson at a glance. As of Friday night's close, Mawson has a market cap of approximately $340 million, It's listed on the NASDAQ under the code MIGI, M-I-G-I, and has four Bitcoin mining sites across the USA and Australia. Now, for those of you that aren't aware of what an exahash is, abbreviated as E-H in these slides, crudely speaking, an exahash is a measure of computing power. The more exahash you have online, the more Bitcoins you produce on a daily basis. As at the end of March 2022, we expect to be producing at approximately 1.5 exahash or approximately 7 Bitcoin per day. Based on current network difficulty and a Bitcoin price of $40,000, this equates to around $102 million in annualized revenue. Today, we are pleased to announce we are upgrading our exahash targets from 3.35 exahash in Q2 of 2022 to 4 exahash in Q3 2022, and from 5 exahash in early Q1 2023 to 5.5 exahash by the same date. You can see the respective number of Bitcoin produced per day at 4 and 5.5 exahash on slide 3 based on current network difficulty. We've also upgraded our contracted energy infrastructure capacity from 220 megawatts to 350 megawatts, and we are a net zero carbon miner, something I'll touch on later in the presentation. With that, I'll hand over to CEO and founder James Manning. Thanks, Nick. Q4 was an incredibly busy period for the Mawson team. Financially, we had a very solid quarter with revenue of $19.6 million, up 79% compared to Q3 2021. Gross profit rose to $16 million, up 89% compared to Q3 2021, And EBITDA rose $10 million, up 203% compared to Q3 2021. Operationally, we hit several major milestones in Q4. Our self-mining hit a record of 0.83 of an exahash in December. We added 200 megawatts of energy infrastructure capacity. And we purchased an additional 4,000 latest generation ASIC Bitcoin miners. And in very exciting news post-period end, we announced the expansion of our Sandersville, Georgia facility to 230 megawatts, which is capable of producing up to 7.5 exahash of operational capacity. We also materially expanded our hosting co-location business, led by a 12-megawatt hosting contract with Foundry Digital and a 100-megawatt hosting contract with Celsius Mining. We will host their miners at our Bitcoin mining facilities, generating additional revenue streams for Mawson. We also secured a $20 million debt facility with Celsius Mining to accelerate the rollout of our energy infrastructure. Turning to the full year results, 2021 was a transformational year for Mawson. Mawson generated a record of $43.9 million in revenue in 2021, up 886% compared to 2020. Our gross profit came in at a record $34 million, up 2,526% compared to 2020. And pleasingly, our EBITDA also came in at a record 17.9 million. Some of our operational highlights in 2021 included contracted hash rate grew up to 3.35 exahash. We expanded our energy portfolio by 220 megawatts. We added over 33,000 ASIC Bitcoin miners to our fleet, with our current fleet sitting at approximately 45,000 Bitcoin miners. We generated $850,000 in hosting co-location revenue off approximately two megawatts of hosting customers. And as a reminder, we have recently signed hosting for a total of 116 megawatts, or 58 times the 2021 number, providing additional revenue stream for the business as we head into 2022. Turning to the strategic highlights of 2021, at Mawson, we signed a 100 megawatt facility in Midland, Pennsylvania. capable of accommodating approximately 3.3 exahash of Bitcoin mining capacity, which in turn is capable of producing 15 Bitcoin per day based on the current network difficulty. We kicked off the 100 megawatt expansion of our Sandersville, Georgia facility, which is pictured here on slide five. I'm also proud to say we delivered our first Australian Bitcoin mining facility in late 2021 in partnership with Quinn Book Infrastructure Partners. As many of you know, we listed on NASDAQ in September of 2021 and joined the Bitcoin Mining Council shortly thereafter. I encourage you to have a look at this sustainable energy use data that the Bitcoin Mining Council produces on a quarterly basis. Something else we will touch on later in this deck. And with that, I'll hand over to our CFO, Hedl Magicia, to run through the financials in a little bit more detail.