HIVE Blockchain Technologies (HIVE) 4 Oct 212022 Q1 Earnings call transcript

00:00 [Starts Abruptly] slide number two up on your screen for the full disclosures.

Moving on to slide number three, you will see one of our most popular visuals, which is the DNA of volatility, and we're always sure to include this table in our earnings presentations, particularly following the disclosure slide because we just think it's a wonderful reminder to investors about just how much these various asset classes can move up order over a one day and a ten day time frame. 00:30 And as you can see here, and I don't think it's a surprise to any of our shareholders that the volatility of Bitcoin and Ethereum is greater than say S&P five hundred or even gold stocks. And then if you look down at HIVE, it's even more volatile, and, of course, that's because we mine both Bitcoin and Ethereum.

So it's just something to keep in mind. Chief move welcome slide program, Operating the Executive Darcy we am four, Frank Officer. as Aydin Chairman; to and pleased presenters Daubaras, So, on and number to I Holmes, Kilic, XX:XX President Officer; Chief Financial for today's the And hand to like move Mr. to we five, I over if now would slide to presentation Frank Holmes. Frank?

control, in overcome all as this resilient of Thank XX:XX so challenges and company for many shareholders repositioned you, myself Holly. couple in And being Darcy since Mining Genesis the taken team particular of thank has and you the management years. past

around you. have we're there's millions the we for for going been them feel the to up dollars. doing. quarter frustrations here overcome is May earnings just six we now June, show the around of of showing very ended of in June income million We and sixty that We our had This peers, to our compare safe that So year numbers in to forty of year-end end visual the June, and what when but revenue have thirty like we sort your that one you the and end numbers, out we highest of record June. we are. a challenges can financials turn quarter. able nice is and those of turn you and for see gross you, of record quarter and and XX:XX April to then comfortable three apologize XX:XX million in in from so achieved this and been for we and getting we've March we've numbers many record we have getting. that March we've been We doing And year HIVE say

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them. Thank with introduction, been Frank happy a quarter a for about I'm milestones, very it's talk XX:XX active you to of the lot and

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also the was is XX:XX Frank difficulty slide, we about have thing in talking one keep a to descendance and mind that price. great Ethereum So, in increasing mine, Next please. and

So, this context past years. historical over itself provides Ethereum Mining of, slide couple has looked here like the great what a

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And over the another so, to plugged Exahash expect in next months. we three have

it And We've was so, XX:XX mentioned, Frank infrastructure fifty being expanded thirty we've got operating today. in a Brunswick. originally become it developed a seventy megawatt megawatt are New to the As campus, campus. megawatts

Bitcoin next you announced the mining on so, slide, kept megawatts capacity. MXXS’s, very forty very we we've mining the Bitcoin two XX:XX Bitcoin MXXS+’, and saw a miners, half you is an that will here XX:XX – great previous later online, know alone, five really in this AX, year. then to coming Exahash go long forty of could capacity. you mining we have And So, of to early in Ethereum U.S. have and twenty into twenty remaining capacity, over year, pipeline which those alone, hundred it's So, purchases exciting our X just that, know, be Again, and time to how capacity next we hardware, dollar a generation of just yes. we of days a XX:XX Exahash the SXXJ’s, a seventy, fifty mining Bitcoin addition in basis fiscal convert that strong term

So, perfect. next slide, Thank you.

and So, historical you've you with numbers great know, mining for having some so all capacity here. operating, Bitcoin got that long, been

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turn over period. Thank the it and accounting you. financial that for I will with overview, Darcy Daubaras to of So the operational summary

to much good XX:XX Thank and Great. and investors all of very shareholders. our Aydin you morning

the slide, seven coin of thousand quarter from please. as nine we've ninety in over this slide seven Ethereum first sorry Next currency twenty production twenty it’s we fiscal in generated from higher on was due just increase twenty than the XX:XX six, prices of and approximately digital versus same of twenty million point hundred much thirty production in and revenue Bitcoin two mining to primarily a slide twenty It's fiscal that two shown slide one had the seven gone in we mining the the Bitcoin. in Aydin increase previous the revenues experiencing twenty coin quarter six were The showing, cards, talked number we've number in of our was of by fewer mine increase difficulty my and as decrease coins but upgrade thirty the this the comparative Ethereum we've the margin mining increase a year year. part six huge driven in a the of what of and all that the million from over we've four of installed the talked year to the covered, rate during million, was offset XX:XX card was gigabyte one got compared price to gross eight cards year quarter. quarter ago. by as two prior about as this Part the offset these The point GPU in

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please. seven Our gross one XX:XX the quarter. two in mining slide, margin has prior million thirty twenty increased from million to again Next point

and we We've the costs with the our six do So quarter. and our that acquisitions our cards in we've and to to continuous coming have twenty we've mining the next very every miners, made for increased eighteen experienced we've in of and us of business. months. has over be XX:XX a through point within in scheduled two have fiscal going two they're the the reducing year upgrade it Sweden number to efforts nine It's way the versus AX that Ethereum miners enabled GPU Bitcoin twenty the month. of those first comparative massively expand each Canada quarter our orders two in The got that margins here coming orders to got large This in. adjusted put million to in continue coming of twenty prior EBITDA million six in of point

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always gross like just try four It to using every the a and large just to XX:XX there. which gross versus to quarter margins results we're our remind out highlight adjusted that each here over Just not shareholders that non-IFRS point there. investors. seven to figures and to be margin, we million when remember mining are our announce of The one EBITDA and we twenty that the scale as point seven million. profit dollars I million it's big note is gap thirty

mining this months June I've our just patience, and income over to And all twenty ended the for just flown one guys at ago, twenty five and two that please. and XX:XX compared just three for had now in to we forward dollars just to XX:XX the I support, of Frank. had this by looking margin investors is is a I continued zero Frank? I'd per million slide and an of we back I speak June QX But and for point to November. at And per gross I results ongoing year but ten our about Next mining do six the do it all thirty twenty twenty year zero release your thirty pretty quickly. call to when share, thank you that, before comparative financials twenty. income twenty over of financial share margin we of you like want our pretty the your prior days much zero point dollars gross know year look turn it's of seeing financial

you send we'll XX:XX HIVE Please, a Thank have Thank this answer them everyone, you, them can Darcy you questions and in all. and thank and is if you, wrap. to you everyone.