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Hashrate Evolution and Corporate Governance

STRONG MARKET POSITION • Operational Excellence 188 MW at 4.7 EH/s Mined 5,167 BTC in 2022 and 873 BTC in 2023 as of Feb. 2023 ~2% of BTC Network Production at 10 farms in 4 countries Financial Strength Maintaining one of the lowest direct cost of production Generated positive cash from mining operations and $1M in Adj. EBITDA in Q4 2022 Decreased debt leverage in 2022, maintaining a flexible balance sheet and financing resources Bitfarms 13

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