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Investor Presentaiton

Securing Low-cost Energy to be Low-cost Producer $6,900/BTC avg. direct production cost in Q3 '21 Canada: 4 cents/KW on average No expiration date to contracts · Green hydro power from Hydro Québec USA: O exposure to natural gas and oil price fluctuations 3 cents/KW on average Green hydro power Current average production cost $4,000/BTC O exposure to natural gas and oil price fluctuations Argentina: 2.2 cents/KW locked in for the first 4 years • 8-year contract • Power from private energy company using locally-sourced natural gas Paraguay: 3.6 cents/KW • 5-year contract Green hydro power Q Hydro Québec 10 10
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