Investor Presentaiton

Hash Rate Growth Has Outpaced the Bitcoin Network's Since 2020 Undern new management Cathedra has expanded hash rate and replaced older generation machines with more efficient models Hash Rate Under Management (PH/s) CBIT 2020-23 CAGR: 229% Bitcoin network 2020-23 CAGR: 52% 178 229 Mining Machine Fleet Efficiency (Avg. J/TH) 355 98 20 20 20 2018 2019 2020 2021 2022 2023 New management joins in Q3 2021 18 73% improvement in fleet efficiency since 2020 27 YE '20 H1 '23 O

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