![]() ![]() The webcast will be accessible for at least 30 days on the Company's website and a transcript of the call will be available on the Company's website following the call. The Company will hold its second quarter 2023 earnings presentation and business update for investors and analysts today, *See "Non-GAAP Measure" and "Reconciliation of Adjusted EBITDA" below. Or approximately 11% of its outstanding debt in the second quarter. Total Mining Assets (including prepaid deposits & miners, net of accumulated depreciation): , or 53%, from the preceding first quarter. ![]() The Company saw sequential revenues increase in the second quarter of fiscal 2023 compared to the fiscal quarter ended The Company recognized a GAAP net loss for the three months ended "Our increased gross profit margins and stable cost structure resulted in 30% adjusted EBITDA margins and will also help grow ourįinancial Results for the Three Months Ended Prices translated to greater gross profit margins and cash flow in the second quarter," said Chief Financial Officer The addition of these machines into our fleet, most of which are Bitmain's XPs, are expected to make us one of the most efficient miners on the network, positioning us to take optimal advantage of halving next year." Importantly, we've acquired 99% of the machines, either under contract or in transit, to fill these facilities. "Our planned expansions are proceeding according to timelines, withĮxpected to be fully operational next month and with the Sandersville land already graded and ready to start construction. "This has been a quarter of execution as we've made major progress toward achieving our stated year-end target of 16 EH/s," said Chief Executive Officer
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