Hashrate Evolution and Corporate Governance slide image

Hashrate Evolution and Corporate Governance

INVESTMENT HIGHLIGHTS Geographic Diversification Broader international footprint allows for lower cost expansion options Reducing disruption risk with geographic diversification across the Americas Leveraging an international management team of experts in technology, infrastructure, financing and business growth ㅁㅁ • Scale and Expertise Developing and operating 10 farms in 5 years increases knowhow and expertise Powering 2% of the Bitcoin Network makes us one of the largest global players • Agile and multidisciplinary leadership team Vertically Integrated Increasing speed of development with wholly- owned electrical engineering subsidiary Reducing downtime with authorized in-house repair labs Assuring superior uptime with the use of proprietary miner management software Efficient Producer Maintaining one of the lowest direct cost of production by being among the most efficient mining operations globally Producing BTC at ~ $10,000 avg. direct cost in 2022 Securing long-term, consistently low-cost energy contracts Financial Discipline • Strong balance sheet for strategic growth • Highest standard of financial controls and reporting . Audited by a Big 4 accounting firm Bitfarms 3
View entire presentation