CleanSpark Strategic Growth Presentation

Income Statement FY2024 Q1 (cont'd) ($ in thousands, except per value and share amounts) Income (loss) before income tax expense Income tax expense Income (loss) from continuing operations Discontinued operations Income from discontinued operations Income tax expense Income from discontinued operations Net income (loss) Preferred stock dividends Other comprehensive income Total comprehensive income (loss) attributable to common shareholders Income (loss) from continuing operations per common share - basic Weighted average common shares outstanding - basic Income (loss) from continuing operations per common share - diluted Weighted average common shares outstanding - diluted Adjusted EBITDA calculation: Net income (loss) Depreciation and amortization Share-based compensation expense Unrealized loss of derivative security Interest income Interest expense Loss on disposal of assets Income tax expense Other¹ Non-GAAP adjusted EBITDA * Q1-24 December 31, 2023 $ 27,308 1,399 25,909 $ $ $ 25,909 579 29 $ 25,359 $ 0.14 178,809,264 $ 0.14 180,783,535 $ 25,909 29,847 9,953 1,243 (586) 546 677 1,399 102 $ 69,090 1 Represents legal fees related to litigation & settlement related expenses and financing & business development transactions * We have not excluded our net gain on fair value off bitcoin ($36,041 in the quarter ended December 31, 2023), which we now record in our statement of operations as provided in of ASC 350-60, as discussed elsewhere in this Form 10-Q. NASDAQ: CLSK All Rights Reserved. Copyright 2024 CleanSpark | 28

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