Cleanspark, Inc. · NASDAQ:CLSK
Cleanspark — Q1 2023 Earnings Presentation
17 slides from Cleanspark's earnings presentation, Feb 9, 2023
Slide 1: FY2023 First Quarter Earnings Call
FY2023 First Quarter Earnings Call
Slide 2: Safe Harbor Statement
Safe Harbor Statement The forward-looking statements in this Earnings Call are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition an
Slide 3: Zach Bradford, Chief Executive Officer
Zach Bradford Chief Executive Officer
Slide 4: About Our Growth
About Our Growth Realized Hashrate Year-over-Year Growth (Jan 2022 - Jan 2023) 228% 230 180 130 Percentage (%) 80 46% 30 -20 CLSK BTBT BITF RIOT MARA IREN CORZ NET AVG ARBK GREE HIVE Monthly realized hashrate = Monthly bitcoin production / Total bitcoin rewards * Network average hashrate. Source: Mi
Slide 5: Key Indicators
Key Indicators Hashrate Bitcoin Mined Wholly-owned Facilities 1.9 EH/s 6.2 EH/s 660 BTC 1,531 BTC 2 4 Dec 31, 2021 Dec 31, 2022 Q1 FY22 Q1 FY23 Dec 31, 2021 Dec 31, 2022 Machines Operating MW Operational 18,800 63,700+ 66.5MW 200MW Dec 31, 2021 Dec 31, 2022 Dec 31, 2021 Dec 31, 2022
Slide 6: Proprietary Mining
Proprietary Mining Predictable Reliable Efficient • Optionality • Uptime • Lower Operating Costs • Flexibility • Cultural Readiness • Site Optimization • Operational • Control • Responsive Independence
Slide 7: Facilities
Facilities College Park Norcross Washington Sandersville Co-Locations
Slide 8: How We Grow
How We Grow 16 5000 PROJECTED 4500 14 4000 12 Total Bitcoin Mined 3500 10 Hashrate 3000 8 2500 2000 6 1500 1531 4 1000 1227 899 964 2 500 660 529 0 0 JUL - SEPT OCT - DEC JAN - MAR APR - JUN JUL - SEPT OCT - DEC JAN - MAR APR - JUN JUL - SEPT OCT - DEC Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
Slide 9: CleanSpark +
CleanSpark +
Slide 10: Gary A. Vecchiarelli, Chief Financial Officer
Gary A. Vecchiarelli Chief Financial Officer
Slide 11: Financial Performance
Financial Performance Revenue (USD) Total BTC Mined Gross Profit 1,531 ₿ $31.49m 85% $37.13m $27.82m 660 ₿ $7.40m 27% Q1-22 Q1-23 Q1-22 Q1-23 Q1-22 Q1-23 1,531 ₿ 1,227 ₿ $20.69m $27.82m 36% $26.18m $7.40m 27% Q4-22 Q1-23 Q4-22 Q1-23 Q4-22 Q1-23 NASDAQ: CLSK
Slide 12: Financial Performance
Financial Performance Net Income/Loss Adjusted EBITDA $25.13m $14.49m 29% ($1.37m) (5%) ($29.03m) Q1-22 Q1-23 Q1-22 Q1-23 $2.93m ($29.03m) 11% ($1.37m) (5%) ($42.30m) Q4-22 Q1-23 Q4-22 Q1-23 NASDAQ: CLSK
Slide 13: Q1-23 Financial Results – Selected Balance Sheet Data
Q1-23 Financial Results – Selected Balance Sheet Data $2.1M $6.4M $19.6M Cash & Cash Equivalents Assets Held For Sale Notes Payable $3.9M / 228 ₿ Bitcoin $6.0M $487M $59.8M Total Liquidity Total Assets, Net Total Liabilities
Slide 14: Capital Expenditures
Capital Expenditures* EXISTING FLEET 66,768 Deployed 3,680 Ready for Deployment 70,448 Miners on Hand 2023 CAPEX $140m - $200m Miner CapEx** $70m Construction CapEx*** $210m - $280m Estimated CapEx MINERS NEEDED 75,000 - 95,000 Miners to be purchased 9.4 EH/s Hashrate to meet 2023 YE guidance *As of
Slide 15: cree
cree
Slide 16: NASDAQ: CLSK
\SDAQ: CLSK +
Slide 17: CleanSpark + America's Bitcoin Miner
CleanSpark + America’s Bitcoin Miner ™ NASDAQ: CLSK +