Bryan Baratian

Good morning, and welcome to Hut 8's First Quarter 2026 Financial Results Conference Call. Joining us today are CEO, Asher Genoot; and our CFO, Sean Glennan. Following the presentation, we will open the line for questions. This event is being recorded, and a transcript will be made available on our website.

In addition to the press release issued earlier today, our full quarterly report on Form 10-Q is available at hut8.com on our EDGAR profile at sec.gov and on our SEDAR+ profile at sedarplus.ca. Unless otherwise indicated, all figures discussed today are in U.S. dollars. Certain statements made during this call may constitute forward-looking statements within the means of applicable securities laws. These statements reflect current expectations and are subject to risks and uncertainties that could cause actual results to occur materially. Certain key risks are detailed in our Form 10-K for the year ended December 31, 2025, and our other continuous disclosure documents. Except as required by law, we assume no obligation to update or revise any forward-looking statements.

During the call, management may reference non-GAAP measures such as adjusted EBITDA. We