Big Digital Energy, Inc.

And welcome to the Monson Infrastructure Group Incorporated third quarter 2022 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After the presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I'd like to turn the call over to Mr. Nick Hughes-Jones. Please go ahead, sir.

Hello everyone, and thank you for taking the time to hear about Mawson Infrastructure Group's third quarter 2022 financial results. My name is Nick Hughes-Jones, Chief Commercial Officer of Mawson. Joining me today is James Manning, our Chief Executive Officer, William Wilson, our Chief Operating Officer, and our Principal Accounting Officer, Ariel Sivakovsky. We look forward to 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 will 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. We may also make forward-looking statements as part of our Q&A at the conclusion of this presentation. Please be sure to refer to the cautionary text regarding forward-looking statements contained in this presentation on slide 2. as well as the risk factors in our annual report and Form 10-K filed March 21st, 2022, under the subheading Risks Relating to Our Business, as well as the 10-Q filed today, Monday the 14th of November. With that, I'll hand it across to our CEO, James Manning.

Thanks, Nick. As that Friday night closed, Mawson had a market capitalisation of approximately $33 million and is listed on the NASDAQ under the code MIGI, and has four Bitcoin mining sites across the USA and Australia. Mawson's diversified model generates revenue from three business lines, our Bitcoin self-mining operations, hosting co-locations, and finally, our energy markets program. As at the end of September 2022, our Bitcoin self-mining and hosting co-location installed operating capacity was at approximately 3.7 exahash, and we expect this to rise to 4.5 exahash by Q1 2023, and then up to 8 exahash by Q4 2023. We sell the Bitcoin generated from self-mining daily, and our hosting contracts are on a cost-plus basis, where we earn a margin on the infrastructure we provide, which is all paid in US dollars. Throughout the third quarter, Mawson continued to participate in its energy markets program, generating $6.3 million in the process. This program enables Mawson to monetize its energy via containment and by selling energy back to the grid when energy prices are high, while maintaining the flexibility to mine Bitcoin when energy prices are low. This is a significant strategic advantage for Mawson in the current environment. One of the major strategic highlights of the quarter was the sale of our Georgia facility to Clean Spark Inc. for approximately $40 million. This sale has resulted in Mawson having a renewed focus on our Pennsylvania assets, where we have low energy costs, large-scale facilities, and the ability to continue to generate revenue and reduce our costs of mining via our energy market program. The sale has also placed Mawson in the enviable position of having low net debt, and to simultaneously have our major facility now fully funded to its expansion of 100 megawatts, a significant strategic advantage in the current environment. With that, I'll hand over to Ariel to talk through our financial highlights for the quarter.