Bit Digital (BTBT) Q1 2025 Earnings Call May 16, 2025 10:00 AM ET Company Participants Cameron Schnier - Head of Investor RelationsSamir Tabar - Chief Executive OfficerErke Huang - CFO & DirectorBenjamin Lamson - Head of RevenueBilly Krassakopoulos - CEOMike Grondahl - Head of Equities & Director of Research Conference Call Participants George Sutton - Partner & Senior Research AnalystBrian Dobson - Managing Director & Senior Research AnalystNick Giles - Senior Research AnalystJoe Gomes - Senior Generalist ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $25.1 million, a 17% decrease year over year and slightly below the $26.1 million reported in Q4 2024 [19] - Bitcoin mining revenue was $7.8 million, down 64% year over year and 26% sequentially, reflecting the impact of the April 2024 halving event and increased network difficulty [20] - Cloud services revenue increased 84% year over year and 14% sequentially to $14.8 million, supported by new contracts [20] - Gross profit was $12.3 million, representing a total gross margin of 49%, compared to 47% in the same quarter last year [21] - Adjusted EBITDA was negative $44.5 million, primarily due to a $49.2 million mark to market loss on digital asset holdings [23] - GAAP net loss per share was $0.32, compared to earnings of $0.43 per share in Q1 2024 [24] Business Line Data and Key Metrics Changes - Mining segment revenue decreased 64% year over year and 26% sequentially, with production declining 80% year over year to 83 bitcoins [5][20] - Cloud services gross margin expanded to 59% from 52% in the previous quarter, reflecting improved utilization and scale [21] - Colocation services gross margin improved modestly to 67% [21] Market Data and Key Metrics Changes - Active Hash rate stood at approximately 1.5 exahash, with fleet efficiency at approximately 24.5 joules per terahash [6] - The market value of digital asset positions appreciated on a mark to market basis, with Bitcoin and Ethereum prices increasing by 25% and 40% respectively since the quarter end [24] Company Strategy and Development Direction - The company is focused on investing in data center build-out and cloud services, with a strategy to secure multiyear contracts with creditworthy counterparties [11][12] - The company aims to pursue nondilutive financing structures to support the expansion of its HPC platform [26] - The acquisition of a 95-acre property in North Carolina is intended for data center development, with a robust pipeline of over 500 megawatts of potential capacity under evaluation [15][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in the mining segment due to market conditions but expressed confidence in the growth of cloud services and colocation segments [5][19] - The company remains optimistic about securing large contracts with annualized revenue potential above $100 million [11] - Management emphasized the importance of maintaining a strong liquidity position to build trust with customers and execute growth strategies [28] Other Important Information - The company raised approximately $10 million through its ATM program during the first quarter and an additional $48 million subsequent to the quarter end [27] - The company sold approximately $32 million worth of Bitcoin holdings during the quarter to help fund growth [28] Q&A Session Summary Question: Update on white fiber rebranding and platform initiatives - The rebrand has been well received, with positive feedback on the new website and upcoming first-to-market technology announcements expected soon [32][33] Question: Demand from hyperscalers and enterprise users - Strong demand is observed from hyperscalers and medium-sized NeoClouds for capacity, with updates expected in the coming months [40] Question: Reason for customer contract start date shift - The shift in start date was due to internal product development schedule changes, and the company is prepared to utilize the GPUs for other contracts if necessary [44][47] Question: Expansion in the US versus Canada - The company is evaluating over 500 megawatts of potential capacity across both Canada and the US, focusing on retrofitting existing sites for efficiency [52][54] Question: Balancing equity issuance and liquidating investments - The company maintains flexibility with its ATM program while balancing equity issuance with selling digital assets to fund growth responsibly [60][62] Question: Gross margin profile changes and GPU procurement strategy - The company aims to increase margins by spreading operating lease costs over a larger revenue base and continues to minimize speculative procurement risks [71][78]

Today I want to talk about building the future with design matters and want to talk about this kind of insights and future trends as well for this year. I want to focus on how we solve the customer's problem and less about ourself. So I want to start off with something huge because for a lot of us we know about AGI or artificial general intelligence.I think it's basically means that um we want to have AI that's uh achieving the the level of intelligence comparable to human and also maybe even surpass human ...

Thank you. Um I'm Jen from SK Terracon from South Korea and uh today I'd like to give a talk about the storage virtualization and optimization for GPU as a service that what we are trying to do recently. And uh first of all I think you are not quite familiar what is SQL.So I would like to give a brief like introduction to the SK talon. JSK is a novel metal player in South Korea and we made the most of the market penetrations in South Korea and recently we are trying to transform from the NNO to the AI compa ...

Call Start: 10:00 January 1, 0000 10:36 AM ET KLA Corporation (NASDAQ:KLAC) Annual JPMorgan Global Technology, Media and Communications Conference May 14, 2025 10:00 AM ET Company Participants Bren Higgins - Executive Vice President & Chief Financial Officer Conference Call Participants Harlan Sur - JPMorgan Jordan Krawitz - Mark Asset Management Harlan Sur Good morning, and welcome to JPMorgan's 53rd Annual Technology Media and Communications Conference. My name is Harlan Sur. I'm the semiconductor and sem ...

KLA (KLAC) FY Conference May 14, 2025 10:00 AM ET Speaker0 Good morning and welcome to JPMorgan's fifty third Annual Technology, Media and Communications Conference. My name is Harlan Sur. I'm the Semiconductor and Semiconductor Capital Equipment Analyst for the firm. I'm very pleased to have Bren Higgins, Executive Vice President and Chief Financial Officer at KLA here with us today. I've asked Bren to start us off with KLA's view of the wafer equipment, process control, specialty semiconductor equipment, ...

Camtek (CAMT) Q1 2025 Earnings Call May 13, 2025 09:00 AM ET Company Participants Rafi Amit - Chief Executive Officer and ChairmanMoshe Eisenberg - Chief Financial OfficerRamy Langer - Chief Operating OfficerMatthew Prisco - DirectorBlayne Curtis - Managing DirectorBrian Chin - DirectorCraig Ellis - Director of ResearchMichael Mani - Equity Research AssociateVivek Arya - Managing Director Conference Call Participants Charles Shi - Managing Director - Senior AnalystKyle Bleustein - Equity AnalystGus Richard ...

TeraWulf (WULF) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Speaker0 Greetings and welcome to the TerraWolf twenty twenty five First Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, John Larkin, Senior Vice President, Director of Investor Relations. Thank you, sir. You may begin. Speaker1 Thank y ...

Advanced Micro Devices (AMD) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Matt Ramsay - Corporate VP - Financial Strategy & IRLisa Su - Chair & CEOJean Hu - Executive VP, CFO & TreasurerJoshua Buchalter - Director - Equity ResearchTimothy Arcuri - Managing DirectorHarlan Sur - Executive Director - Equity ResearchThomas O'Malley - Director - Equity ResearchCJ Muse - Senior Managing Director Conference Call Participants Aaron Raikers - AnalystVivek Arya - AnalystStacy Rasgon - AnalystRo ...

- New private debt facility with a division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms’ potential HPC data center development pipeline- --Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH– This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus d ...