PitchSend

Generating Cash From Mining Operations

STRONG MARKET POSITION Operational Excellence 182 MW at 4.4 EH/s outpacing Network growth Mined 4,219 bitcoin in 2022 - 3rd in total production as of October 31, 2022 ~2% of BTC Network Production in 4 countries Financial Strength Maintained low direct cost of production Generated positive cash from mining operations - $10 million in Adjusted EBITDA in Q3 2022 Decreased financial leverage, maintained a flexible balance sheet and financing resources Bitfarms 13

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