CleanSpark Bitcoin Mining Expansion

Positioned to Accumulate Rapid Gains as We Scale Quarterly Gross Margin at 16 EH/s NASDAQ: CLSK (in Millions) Global Hashrate (EH/s) Bitcoin Price $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 300 EH/s $44m $65m $86m $107m $128m $149m $171m 5.3% 325 EH/s $37m $57m $76m $96m $115m $135m $154m 4.9% 350 EH/s $31m $50m $68m $86m $104m $122m $140m 4.6% 375 EH/s $27m $44m $60m $77m $94m $111m $128m 4.3% 400 EH/s $22m $38m $54m $70m $86m $102m $118m 4.0% 425 EH/s $19m $34m $49m $63m $78m $93m $108m 3.8% 3.6% 450 EH/s $15m $29m $44m $58m $72m $86m $100m Footnote: Key assumptions: Miner up-time 98%; Average realized power cost: $.048; Pre-halving alized power All Rights Reserved. TROY CLSK Share of Global Hashrate Copyright 2023 CleanSpark 14

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