CleanSpark Bitcoin Mining Expansion

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 Gain (Loss) from discontinued operations Q1-23 December 31, 2022 Q2-23 March 31, 2023 Q3-23 June 30, 2023 (30,488) $ (30,488) (18,166) (18,166) (14,117) (14,117) Q4-23 September 30, 2023 FYE-23 September 30, 2023 (68,532) 857 (69,389) (131,303) $ 857 (132,160) Net loss 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 $ 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) 66,395,174 (0.23) (0.12) (0.47) $ (1.29) 80,469,471 114,844,402 148,1579,790 102,707,509 (0.23) (0.12) (0.47) 80,469,471 114,844,402 148,1579,790 (1.29) 102,707,509 $ (29,031) (18,460) (14,219) $ (136,589) (1,457) 294 102 (74,879) 5,490 4,429 120,728 19,329 21,346 21,850 58,203 24,142 5,878 5,743 5,947 6,574 (11) (11) (485) (2,000) (2,484) 1 259 1,271 (56) (105) (851) (481) (70) (52) (52) (307) 2,977 889 799 689 600 1,931 3 1,928 Income tax expense 857 857 Litigation related expenses 1,163 3,056 7,872 1,036 2,617 Professional fees related to financing & business development transactions 697 542 48 85 22 Severance expenses 701 701 Adjusted EBITDA (1,971) 12,721 13,333 945 $ 25,028 NASDAQ: CLSK All Rights Reserved. Copyright 2023 CleanSpark | 26

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