IREN Limited Q1 FY2025 Earnings Call

Operator: Good day, and thank you for standing by. Welcome to the IREN Q1 FY '25 Results Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today, Lincoln Tan, Director, Investor Relations. Lincoln Tan: Thank you, operator. Good afternoon to those of you in North America and good morning to those of you in Australia and welcome to IREN's first quarter FY '25 results presentation. My name is Lincoln Tan, Director of Investor Relations, and joining me on the call today are Daniel Roberts, Co-Founder and Co-CEO, Belinda Nucifora, CFO, and Kent Draper, Chief Commercial Officer. Before we begin, please note that this call is being webcast live with an accompanying presentation. For those of you that have dialed in via phone, you can elect to ask a question via the moderator after our presentation. I would like to remind you that certain statements that we make during this call may constitute forward-looking statements and IREN cautions listeners that forward-looking information and statements are based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the company. Listeners should not place undue reliance on forward-looking information or statements. Please refer to the disclaimer on Slide 2 within the accompanying presentation. Thank you, and I w