Hut 8 Mining Corp. (HUT) CEO Jaime Leverton on Q2 2022 Results - Earnings Call Transcript

Hut 8 Mining Corp. (NASDAQ:HUT) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET

Company Participants

Jaime Leverton - Chief Executive Officer
Shane Downey - Chief Financial Officer

Conference Call Participants

Chris Brendler - D.A. Davidson
Joseph Vafi - Canaccord
George Sutton - Craig-Hallum
Kevin Dede - HCW
Bill Papanastasiou - Stifel

Operator

Welcome to Hut 8 Second Quarter Analyst and Investor Call. In addition to the press release issued earlier today, you can find Hut 8’s financial statement and MD&A on SEDAR and shortly on both EDGAR and the hut8mining.com. Unless noted otherwise, all amounts referred during this call are denominated in Canadian dollars.

Any comments made during this call may include forward-looking statements within the meaning of applicable securities legislation regarding the future performance of Hut 8 Mining Corp and its subsidiaries. The statements made reflect current expectations and as such are subject to the 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, the factors discussed in the quarterly MD&A for the 3 months ended June 30, 2022 as well as the company’s MD&A and annual information form for the year ended December 31, 2021. Any forward-looking statement speaks only as of the date which it is made and the company disclaims any intent or obligation to update any forward-looking statement unless required by law.

I would now like to turn the call over to Hut 8 CEO, Jaime Leverton.

Jaime Leverton

Thanks, Michelle. Good morning, everyone and thank you for joining us to discuss Hut 8’s financial results for the second quarter of the year. In our first full quarter generating fee-based monthly recurring revenue through our 5 data centers and an increased mining capacity that grew to 2.78 exahash by