Big Digital Energy, Inc. · NASDAQ:BGDE
Big Digital Energy — Mawson Infrastructure Group — Q1 2022 Earnings Presentation
19 slides from Big Digital Energy's earnings presentation, May 2022
Slide 1: Q1 FY2022 Investor Presentation
NASDAQ: MIGI THE DIGITAL ASSET COMPANY May 2022 Q1 FY2022 Investor Presentation Q1 2022 Investor Presentation
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER differ materially from those projected or suggested. Readers are presently known to us or that we currently deem immaterial may also Information contained herein is derived from various internal and cautioned not to place undue reliance on these forward-looking impair our business o
Slide 3: Mawson at a glance
Mawson Focused on Bitcoin Self-Mining and Hosting Co-location services, Mawson’s integrated model is based on a long term strategy to assist at a glance in the global transition to a digital and decarbonised society. ONLINE SELF-MINING HASH RATE TARGET SELF-MINING HASH RATE TARGET SELF-MINING HASH R
Slide 4: Q1 FY2022 Headline Results
Headline Results Q1 FY2022 Financial Highlights Operational Highlights Strategic Highlights Δ (Q1 FY2021) 230MW 80-Megawatt Sandersville, $19.4M 5.5EH Upgrade to Self-Mining Exahash Revenue +178% GA facility expansion Target by early Q1, 2023 approved to 230MW (~7.5EH) 100MW 100MW Hosting Co-locatio
Slide 5: Q1 FY2022 Summary
Q1 FY2022 March 31, 2022 Balance Sheet 1 Summary Q1-22 ($M) Q4-21 ($M) Δ ($M) Revenues ($M) 19.5 19.4 ASSETS 10.9 Cash and cash equivalents $5.8 $5.5 $0.3 7.0 5.9 Property and equipment, net $102.5 $76.9 $25.6 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Equipment deposits $41.7 $51.4 ($9.7) Gross Profit
Slide 6: Mawson Self-Mining
Mawson Self-Mining May 2022 Q3 2022 Target1 Δ Q1 2023 Target2 Δ Capacity (MW) 2 470 MW 590 MW +120 MW 1,000 MW +410 MW Total Exahash (EH) Online 1.8 EH 4.0 EH +2.2 EH 5.50 EH +1.5 EH BTC Mining Production / day 8.0 BTC /day1 18.0 BTC /day1 +10.0 BTC 24.5 BTC /day +6.5 BTC Annualised Revenue1 $116.8M
Slide 7: Mawson Hosting Co-location
Mawson Mawson leverages its surplus infrastructure capacity to generate an additional revenue stream, comprising hosting Hosting Co-location co-location services. May 2021 Target Q4 20221 Δ Target 20231 Δ Contracted Hosting Customers (MW) 116 MW 140 MW +24MW 220 MW +80MW Exahash (EH) Capacity 3.8 EH
Slide 8: Deployment Timeline (EH)
Deployment Hash Rate Growth (EH) Timeline (EH) 6 5 Rapidly Increasing Self-Mining Hash Rate 4 1.10 EH January 2022 +263% 4.00 EH Target Q3 2022 vs Jan 2022 3 +400% 5.50 EH Target early Q1 20231 vs Jan 2022 2 Infrastructure First approach 1 Focus on large scale power infrastructure and long term secu
Slide 9: Secure Energy Pipeline
Secure Energy Pipeline Texas Lease term USA 120MW 15 Years Energy Infrastructure underpins future growth Sandersville, GA 230MW 26 Years We focus on identifying stranded and distressed energy USA Midland, PA 100MW +200MW 15 Years Over 1GW pipeline of energy projects USA Energy infrastructure capacit
Slide 10: Secured Infrastructure Capacity
Secured Infrastructure Capacity ASIC Bitcoin Mining Units1 Modular Data Center Units1 Transformer Units1 Latest generation bitcoin mining hardware 2.5 MW / Unit 2,500 kVa 45,000+ Units contracted 250+ Units 160+ Units 4.00 EH Q3 2022 Target 625 MW Total capacity 400 MW Total capacity 2 Target 5.50 E
Slide 11: Compelling Bitcoin Mining Facility Metrics
Compelling Bitcoin Mining Facility Metrics Current Current Exahash Current Future potential Future potential Modular Data Capacity MW capacity MW capacity Exahash Capacity Centre Capacity Lease Term Tenancy Type Energy Mix Sharon, PA TBC TBC TBC TBC TBC 15 Years Long-term lease TBC USA Sandersville,
Slide 12: Mawson's Infrastructure First Approach
Mawson’s Infrastructure First Approach 1 2 3 4 Strict ROIC Modular Data Centre Long-term ESG & Social assessment of sites (MDC) IP agreements Impact focus • High quality, stable and • Design allows for rapid • Secured long-term agreements • Target sites that satisfy a Net Zero Carbon supportive juri
Slide 13: ESG Focus
ESG Focus Net Zero Carbon Socially Engaged Governance Framework Georgia, USA A responsible, accountable and ethical 22,277 • Platinum sponsor of School Athletics Programs approach to corporate governance underpins Tonnes of C02 Offsets purchased • Mawson Group Academic Scholarship the way we do busi
Slide 14: Highly experienced Management & Board
Highly experienced Management & Board Key employees Board Hetal Majithia Liam Wilson Nick Hughes-Jones Greg Martin James Manning Chief Financial Officer Chief Operating Officer Chief Commercial Officer Independent Non-Executive Chair Founder & CEO 10 years’ experience as a 16 years experience in 15
Slide 15: Mawson Innovation
Mawson Innovation Bitcoin & HPC The Cosmos Global Digital hosting co-location services Miners Access ETF ‘DIGA’ Mawson’s subsidiary, Luna Squares LLC, The Cosmos Global Digital Miners Access ETF provides hosting co-location services launched in Australia in October 2021. at our Georgia and Pennsylva
Slide 16: Mawson Register
Mawson Register High Insider ownership Market capitalisation Board and Management 24% $241M Based on share price as at 10 May, 2022 Ticker NASDAQ:MIGI 24% Share price $3.37 External Shares outstanding 71,585,295 Investors 76% 76% Q1 2022 Investor Presentation 16
Slide 17: Mawson Infrastructure Group: A strong platform for sustainable growth
Mawson Infrastructure Group A strong platform for sustainable growth Rapid Growth +400% targeted operational growth Strategic Quinbrook Infrastructure Partners and Scale from Jan 2022 to early Q1 2023 Relationships Purpose Investments, Inc 1.10 EH in Jan 2022 Celsius Mining LLC 4.00 EH Q3 2022 Canaa
Slide 18: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics Q1 EBITDA + Gross Profit Q1 Balance Sheet Slide 4 identifies some non-GAAP financial metrics, which require reconciliation to Slide 5 identifies some non-GAAP financial metrics, which require reconciliation to the statutory GAAP numbers. We set them out as follows:
Slide 19: Head Office / Investor Relations
Head Office Level 5, 97 Pacific Highway North Sydney, NSW Australia info@mawsoninc.com Investor Relations Brett Mass Hayden IR mawson@haydenir.com Q1 2022 Investor Presentation
Mawson Infrastructure Group — Q1 2022 Earnings Presentation on 6ix