Hello, everyone, and welcome to today's webcast reviewing HIVE Blockchain Technologies Financial Results for Quarter Ended September 30, 2022. On Slide #2, I would like to briefly note disclosures. Except for the statements of historical fact, this presentation contains forward-looking information within the meaning of the applicable Canadian and US Securities Regulations. These forward-looking statements are based on expectations, estimates and assumptions as of the date of this presentation. On Slide #3, I would like to hand the presentation over to Executive Chairman, Frank Holmes, for a brief overview of the period and to kick off today's presentation. Frank?

Thank you, Joseph, and thank you, Darcy and Aydin for working hard and preparing this presentation. And so I'd like to start off. HIVE announced its quarterly revenue of $29.6 million, achieved EBITDA of $18.8 million for the quarter. Bitcoin production was up 31% from the same quarter last year 2021. We're going to walk you through what's taken place in the past year, year-to-date, last quarter and external forces that we're battling in this sort of crypto ecosystem. But most important, before we start going into details, investors should recognize the DNA of volatility. This is basically sharing with you that it's a non-event 70% of the time for gold to go up or down 1% on a daily basis and 3% over 10 days. However, Bitcoin is 4x more volatile than the S&P on a daily basis or the Gold Bullion. And you can see a 11% difference over 10 days to what Gold Bullion is 3%. And when we take a look at Tesla, it's 13% daily volatility over 10 days. MicroStrategy, well-known technology company with a massive position in Bitcoin. It's plus or minus 20%. And for HIVE, it's plus or minus 21%. But on a daily basis, it is non-event for HIVE to go up or down 6%. So anyone that looks to come in to HIVE must recognize this volatility and life is all about managing expectations. So today's presenters is myself, I'm the Executive Chair; Darcy Daubaras, our CFO; and Aydin Kilic, our President and Chief Operating Officer. Leadership team includes myself and Darcy and Ian Mann, President of Bermuda Operations; Aydin, President and overall Chief Operating Officer; and Johanna Thornblad, the Country President in Sweden. HIVE's capital structure, as you can see, is about 83 million shares outstanding with warrants and options…

Great. Thanks, Frank. I'm looking forward to getting out of the cold and getting into a little bit of heat. So flipping on to the next slide, please. Just talking about our earnings, as Frank has talked about, is we take a look at our operational earnings on a cash flow basis, add-in our investment earnings, which is a realized, unrealized gains, losses, which can greatly affect what our end results are. There's a lot of non-cash items, which I'll touch on in just a moment. Moving on to Slide 22, please. Moving on to Slide 22, please. These are 2 things that we've been highlighting over the last couple of quarters is trying to explain this mark-to-market and the non-cash charges that are part of the accounting ecosystem and following the international standards. The mark-to-market is an accounting practice that involves adjusting the value of the assets to reflect its value determined by current market conditions, which, as we all know, are not moving in the right direction, not just in our industry but across the whole ecosystem. And the market value is determined based on what a company would get for the asset, if it was sold at that point in time. And as Frank had touched on, the price of a lot of these assets right now has dropped considerably, even though these machines are very economical and very efficient at what they do. The mark-to-market losses that we have to book at times are paper losses generated through the accounting entries rather than the actual sale of the securities. And these swings in digital assets impact the paper profit and losses each quarter in our bottom line earnings. So, our Bitcoin and Ethereum digital assets do generate unrealized gains and losses each quarter. And moving forward,…

Thank you for the introduction, Darcy. And so now I'm going to give an operational update. Let's jump into it. So here's an overview of HIVE by the numbers. Since our last quarter ended June 30, we were at 2.25 exahash of Bitcoin mining and about 6.3 terahash of Ethereum mining. Since then, our Bitcoin mining footprint has increased by almost 10% to [ 2.45 ] exahash and that's just our ASIC fleet. And since the Ethereum merge, we've actually repurposed our GPUs to use a unique switching algorithm to mine Bitcoin. What we actually do is we mine old coins. We don't get custody of them. We actually get paid in Bitcoin. And that works up to about 350 petahash of Bitcoin mining capacity. So in total, right now, as of November, HIVE is operating at about 2.8 exahash of Bitcoin mining, a 24% increase of our Bitcoin mining footprint from June of this year. Next slide. And our October production figures, we recently press released these. So, we did 262 Bitcoins going from our ASICs, another 45 Bitcoins from our GPUs for a total of 307 Bitcoins. And so to recap the hash rates, that was produced in an average of 2.67 exahash throughout the month of October. And then we ended the month of October at 2.77 exahash, combined ASICs and GPUs. And as of today, November 15, we're at 2.8 exahash. So incremental growth along the way as we've received all 140 petahash of our Micro BT M30S++, and those have all been received and plunked in. And so we've upgraded some machines in that process. And of course, I got all Micro BTs hashing and hence the -- not only upgrade to our hashrate but increase the overall fleet efficiency. Let's go to the next…

Thank you, everyone. As a reminder, you can read the full earnings press release on our website and e-mail any questions to info@hiveblockchain.com. This concludes HIVE Blockchain Technologies webcast for the quarter end September 30, 2022.