Cipher Mining Inc. (NASDAQ:CIFR) Q4 2022 Earnings Call Transcript

Tyler Page: So, it’s a really interesting development. I’m not sure that our thoughts are fully baked at this point. I’d say, first of all, it’s a proposal that our advisers have told me is unlikely to pass and people can get deep on thinking about taxing certain uses of energy. There’s certainly a part as an element seemingly to that that I hope we avoid as it makes its way through the legislative process. What I’d say overall though is that, it always comes back to the same answer that it’s good to pay the lowest electricity prices. So if that were to happen, we’re still at the lower end of the cost spectrum. And given the competitive dynamics of the way network hash rate works, we would be better equipped to handle it than anyone else. But everything, I have heard and read is that, it’s probably unlikely to materialize. We’ll see.

Bill Papanastasiou: Thank you. Really appreciate the color.

Tyler Page: Thank you.

Operator: We have no further questions in queue. I would like to turn the call back over to Tyler Page for closing remarks.

Tyler Page: Thank you everyone for your time today. It’s always exciting to update you guys on our progress, and we look forward to the next one. Thank you for your support, and we’ll talk to you soon.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.