Slide 1: Investor Update
L I S T E D / N A S DA Q : B RU N I N V E S T O R P R E S E N T A T I O N Investor Update AI Infrastructure Delivered in Minutes J U N E 2 , 2 0 2 6
Slide 2: Forward-Looking Statements and Disclaimers
F O R W A R D - L O O K I N G S T A T E M E N T S A N D D I S C L A I M E R S Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amend
Slide 3: Hyper Growth Delivered with Capital Discipline and Strong Free Cash Flow
F I N A N C I A L H I G H L I G H T S Hyper Growth Delivered with Capital Discipline and Strong Free Cash Flow F Y 2 0 2 6 E A R R R U N R AT E R E V E N U E E X PA N S I O N C A P I TA L E X P E N D I T U R E S 1 $400M+ ~4x ~$1.1B - $1.2B 1233% YoY growth 2024A to 2025A Disciplined deployment C U R
Slide 4: Company Overview
C O M P A N Y O V E R V I E W We provide GPU compute, managed Kubernetes orchestration, CPU nodes and shared storage through an intuitive management console and a robust API layer Blue Chip Partnerships with Diversified National Customer Footprint of the Industry Leaders Fastest Growing AI Providers
Slide 5: Veteran Builders of Infrastructure and Scalable Systems
L E A D E R S H I P Veteran Builders of Infrastructure and Scalable Systems Seasoned executive team bringing complementary expertise across engineering, finance, and strategic growth Andrew Karos Harry Georgakopoulos Erik Guckel Daniel Gormley-Rahn Karim Ali CHIEF OPER ATI NG CHIEF FINANCIAL CHIEF T
Slide 6: Scaled National Platform Positioned for Continued Geographic Expansion
N A T I O N A L F O O T P R I N T Scaled National Platform Positioned for Continued Geographic Expansion U . S . P L AT F O R M M A P S I T E D E TA I L # LOCATION ONLINE MW GPU* Seattle, WA Eagan, MN 1 Seattle, WA Online B300 1 2 Eagan, MN Online B300 Rock Island, IL 2 3 Rock Island, IL Q3 2026 B30
Slide 7: Unprecedented Momentum: Robust Backlog and Exponential Recurring Revenue
C O M M E R C I A L M O M E N T U M Unprecedented Momentum: Robust Backlog and Exponential Recurring Revenue C O N T R A C T E D R E V E N U E B A C K L O G 1 , 2 A N N U A L R E C U R R I N G R E V E N U E On track to triple again by year end 2026 ARR has tripled year to date ~4x ~4x $400M+ $1,415M
Slide 8: Firm FY 2026 Revenue Base Anchored by Contracted Backlog and Deep Qualified Pipeline
R E V E N U E V I S I B I L I T Y Firm FY 2026 Revenue Base Anchored by Contracted Backlog and Deep Qualified Pipeline1 R E V E N U E L A Y E R S ( $ M , I L L U S T R A T I V E ) K E Y I N S I G H T S 1400 › Historically high conversion rates with industry leading customers 1200 › Qualified Pipelin
Slide 9: Strategic Framework Designed for Disciplined Growth and High Returns
O P E R A T I N G M O D E L Strategic Framework Designed for Disciplined Growth and High Returns O U R P R A C T I C E S O U T C O M E S W E D E L I V E R Significant upfront cash plus ongoing recurring revenue Improves returns and free cash flow Contract structure includes a meaningful upfront cash
Slide 10: Reconciliation of Operating Metrics to GAAP Measures
A P P E N D I X A - N O N - G A A P R E C O N C I L I AT I O N Reconciliation of Operating Metrics to GAAP Measures OPERATING METRIC DISCLOSED VALUE GAAP ANCHOR (ASC REF.) RECONCILING BRIDGE Revenue (ASC 606) + Annualized recurring run-rate of active contracts at period end. Bridges to GAAP via Rema