BlockFi Investor Presentation Deck

Impact of the FTX Transaction on BlockFi's Executives, Employees, and Shareholders O BlockFi The FTX transaction stabilized BlockFi and protected clients. But while the structure of the transaction secured liquidity for BlockFi's clients, it led to BlockFi's executives and employees losing their own equity value. BlockFi also reorganized its workforce, reducing headcount by over 20% to attempt to further protect client value and set a course to return to profitability. At the same time, it became necessary and critical to implement a go-forward compensation structure to retain business-critical capabilities needed to effectuate the FTX transaction. Thus, in July 2022, BlockFi's then-board of directors approved a multi-pronged strategy.. 14

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