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Generating Cash From Mining Operations

HIGHLIGHTS Positive Adjusted EBITDA of $10 Million Direct cost of production of $9,400 per BTC Canadian expansion projects on track for completion by year end 4.4 EH/s at 11/14/22 up 22% from 6/30/22 15.7 2,064 BTC mined/day for 10/22 BTC held at 10/31/22 $42M value of BTC at 10/31/22 1. BTC price of $20,500 as at October 31, 2022 1,515 BTC mined in Q3 2022, up 21% over Q2 2022 7,000 182 miners installed in Q3 2022 MW at 11/14/22 up 33% from 6/30/22 1 Bitfarms 3

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