Georgia: The Best State to Mine Bitcoin

Income Statement FYE-23 (cont'd) ($ in thousands, except per value and share amounts) Loss before income tax expense Income tax expense Loss from continuing operations Discontinued operations Net loss Q1-23 December 31, 2022 Q2-23 March 31, 2023 (30,488) $ (30,488) Q3-23 June 30, 2023 (18,166) (18,166) (14,117) (14,117) Q4-23 September 30, 2023 FYE-23 September 30, 2023 (68,532) (131,303) 857 (69,389) $ 857 (132,160) Gain (Loss) from discontinued operations $ 1,457 (294) (102) (5,490) $ (4,429) $ (29,031) (18,460) (14,219) (74,879) $ (136,589) Other comprehensive income 29 29 28 30 116 Total comprehensive loss attributable to common shareholders $ (29,002) (18,431) (14,191) (74,849) $ (136,473) $ (0.46) 66,395,174 (0.46) (0.23) (0.12) 66,395,174 80,469,471 (0.23) 80,469,471 114,844,402 (0.47) 148,1579,790 $ (1.29) 102,707,509 (0.12) 114,844,402 (0.47) 148,1579,790 (1.29) 102,707,509 Loss from continuing operations per common share - basic Weighted average common shares outstanding - basic Loss from continuing operations per common share - diluted Weighted average common shares outstanding - diluted Adjusted EBITDA calculation: Net loss (Gain) loss on discontinued operations Depreciation and amortization Share-based compensation expense Other income Change in fair value of contingent consideration Unrealized (gain) loss of derivative security Interest income Interest expense Loss on disposal of assets Income tax expense Litigation related expenses Professional fees related to financing & business development transactions Severance expenses Adjusted EBITDA NASDAQ: CLSK $ (29,031) (18,460) (14,219) (74,879) $ (136,589) 4,429 (1,457) 294 102 5,490 120,728 19,329 21,346 21,850 58,203 24,142 5,878 5,743 5,947 6,574 (11) (11) (2,484) (485) (2,000) 1 259 1,271 (56) (105) (851) (70) (52) (481) (52) (307) 2,977 889 799 689 600 1,931 3 1,928 857 857 7,872 1,163 3,056 1,036 2,617 697 542 48 85 22 701 $ (1,971) 12,721 13,333 701 945 $ 25,028 All Rights Reserved. Copyright 2023 CleanSpark | 26

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