Big Digital Energy, Inc. · NASDAQ:BGDE
Big Digital Energy — Investor Presentation (June 2026)
33 slides from Big Digital Energy's investor presentation, June 2026
Slide 1: Combined Platform Overview and Capital Strategy
Big Digital Energy (Nasdaq: BGDE) Formerly Mawson Infrastructure Group Inc. Combined Platform Overview and Capital Strategy NASDAQ: BGDE Investor Relations June 2026 Samir Jain, CFA | OG Advisory Group 1
Slide 2: Disclaimer
Disclaimer This presentation has been designed to provide general information about Big Digital Energy, Inc. (“BGDE” or "the Company”). Any information contained or referenced herein is suitable only as an introduction to the Company. The information contained in this presentation is for information
Slide 3: Introduction
Introduction 3
Slide 4: What Sets Big Digital Energy Apart
What Sets Big Digital Energy Apart Big Digital Energy is a power-first infrastructure developer and operator built around long-term control of scarce, low-cost power, strategic sites, and scalable compute across energy-rich regions Long Power, Long Infrastructure Experienced Developers and Operators
Slide 5: Led by Industry Veterans
Led by Industry Veterans New Leadership is capable and experienced with a combined 50+ years across Energy, AI / HPC, and Digital Infrastructure Josh Kilgore Phil Stanley Cody Smith Executive Chairman | BGDE Chief Executive Officer | BGDE Chief Operating Officer | BGDE Principal | SixThirty.AI Princ
Slide 6: Proposed Combined Platform
Proposed Combined Platform Big Digital Energy SixThirty.AI Pipeline Combined Platform Assets currently held by the Endeavor Group Operating Capacity 129 MW 118 MW 247 MW 584 MW BGDE pipeline Expansion Capacity 168 MW 584 MW 752 MW combined development pipeline IA, TX, KS, OK Markets + PJM market (PA
Slide 7: Portfolio Overview | Big Digital Energy Assets
Portfolio Overview | Big Digital Energy Assets 129 MW Operating Portfolio 168 MW Development Pipeline 1 PJM grid-connected site Control Status Asset State Current Status Current MW Expandable To Strategic Priority BGDE Midland PA Operating 120 MW — AI Repositioning Candidate BGDE Corning OH Pre-deve
Slide 8: Portfolio Overview | SixThirty.AI Assets
Portfolio Overview | SixThirty.AI Assets 118 MW Operating Portfolio 584 MW Development Pipeline 8 Sites Owned Today 2 Near-term LOI Assets Control Status Asset State Current Status Current MW Expandable To Power Cost Strategic Priority SixThirty.AI – Big Digital Energy Assets SixThirty.AI Iowa South
Slide 9: A Transformed Platform Under New Leadership
A Transformed Platform Under New Leadership The new management team has executed a successful control takeover to unlock a broader AI infrastructure development pipeline of 752 MW across current BGDE and SixThirty.AI controlled assets A New Era of Execution Big Digital Energy has plans to implement
Slide 10: Capital Raise Strategy
Capital Raise Strategy 10
Slide 11: Phased Capital Strategy
Phased Capital Strategy BGDE intends to begin with sponsor-backed and corporate-level capital to simplify the capital structure and fund near-term execution, then transition toward lower-cost project financing as assets mature and valuations improve. $1B+ Capital Plan $100M+ Sponsor equity from ince
Slide 12: Independent Framework for Acquisition of Endeavor Affiliated Assets
Independent Framework for Acquisition of Endeavor Affiliated Assets SixThirty.AI-controlled assets may provide BGDE with access to a differentiated development pipeline. Any related-party asset acquisition or contribution would be evaluated through an independent, disciplined and shareholder-focused
Slide 13: Roadmap
Roadmap Long Term Goal $1B gets platform through Phase 3 and secures Phase 4 opportunities Raise additional capital Phase 1 Phase 2 Phase 3 Phase 4 $100M+ Develop Pipeline 1GW Operating 2GW Campus Commitment Scale Operating Footprint Controlled Scale-Up Build a large-scale AI platform Reposition com
Slide 14: Power-First Value Creation Model
Power-First Value Creation Model BGDE monetizes owned power infrastructure today, preserves selective AI/HPC conversion optionality, and improves financing flexibility as asset quality and contracted revenue scale Downside Support Value Expansion Capital Formation Power Monetization & Hosting Select
Slide 15: Transforming BGDE into an AI Powerhouse
Transforming BGDE into an AI Powerhouse 15
Slide 16: Big Digital Energy's Hidden Asset Value
Big Digital Energy’s Hidden Asset Value Midland, PA — 120 MW What the Market is Missing One of the largest operating sites in PJM operated by a public BTC miner Replacement cost: Building 129 MW of grid-connected, PJM- ✓ Grid-connected to nuclear power (carbon-free) market data center infrastructure
Slide 17: AI Conversion Strategy
AI Conversion Strategy What BGDE Controls Today How AI Conversion will be Delivered Power economics secured at wholesale rates EPC and engineering partners complete specialized fit-out Land and site control across multiple energy-rich regions Cooling, electrical, and network upgrades deployed to spe
Slide 18: The BGDE Power Advantage
The BGDE Power Advantage Negotiate Power Agreements Direct contracts with utilities at wholesale rates less than $0.04/kWh Provide to Customers Sell power at premium $0.07/kWh while remaining competitive Margin Generation at Scale $0.02/kWh profit on massive power consumption volume AI Conversion →
Slide 19: Growth Strategy
Growth Strategy 1 2 Restructure asset base to de-emphasize pure BTC Leverage PJM power footprint and Big Digital Energy’s mining and prioritize AI/HPC colocation. Sell, build, or site infrastructure to develop AI/HPC hosting business. convert assets as necessary to maximize value. Acquire Engage hyp
Slide 20: Valuation
Valuation 20
Slide 21: The Opportunity: AI Infrastructure Supercycle
The Opportunity: AI Infrastructure Supercycle Power is the defining constraint of this generation of infrastructure. AI/HPC demand is expanding rapidly and with traditional data center development taking 3-5 years, hyperscalers need faster time-to-power and a product that is proven, predictable, and
Slide 22: 2024 – 2025 | A Missed Opportunity
2024 – 2025 | A Missed Opportunity Despite being well positioned to take advantage of the shift to AI & HPC infrastructure, shareholders bore the cost of poor execution preventing meaningful progress and limited long-term value creation. However, a massive arbitrage opportunity exists under new lead
Slide 23: Valuation Upside
Valuation Upside Company Ticker Market Cap1 Contracted Rev & MW2 EV / MW ($)3 Dev. Pipeline AI / HPC Partners Applied Digital APLD $8.6B $16B 600 MW $15.3M 4.3 GW Unnamed Polaris Forge 1 & 2 TeraWulf WULF $8.3B $12.8B 522 MW $21.1M 2.3 GW Lake Mariner + Abernathy Hut 8 HUT $7.9B $10B 245 MW $30.0M 8
Slide 24: Platform Valuation & Strategic Acquisitions
Platform Valuation & Strategic Acquisitions Our strategy integrates existing assets with key acquisitions to rapidly scale Big Digital Energy's infrastructure footprint and valuation. These strategic deals will be structured to optimize capital and align interests for long-term growth. Existing Plat
Slide 25: Why BGDE can become a $10B+ Infrastructure Platform
Why BGDE can become a $10B+ Infrastructure Platform The growth era of Big Digital Energy begins today ✓ Control of Scarce Assets ✓ Scalable Multi-site Model 129 MW live capacity in constrained PJM / ERCOT markets Platform structure enables rapid replication across sites, generating recurring high-ma
Slide 26: Development Pipeline of Assets controlled by Sixthirty.AI
Development Pipeline of Assets controlled by Sixthirty.AI 26
Slide 27: Texas (Mustang)
Texas (Mustang) 24 MW Currently Operational – LOI Signed Expansion: Can scale up to 98 MW. Land is owned. Power Advantage: ~$36/MWh AI Suitability: Strategically positioned adjacent to major substations, making it a prime candidate for immediate high-density retrofits and hyperscaler off-take. 27
Slide 28: Houston (AI Flagship Site)
Houston (AI Flagship Site) 30 MW Under Construction Expansion: 30 MW across 4 owned acres. Power Advantage: ~$39.2/MWh (actively involved in demand response programs) AI Suitability: Infrastructure is highly adaptable for rapid modular AI retrofits. 28
Slide 29: Iowa South
Iowa South 19 MW Currently Operational Expansion:. Scalable to 74 MW across 4 owned acres. Turnkey facility ready for immediate deployment Power Advantage: ~$35/MWh. Partnership with Whatsminer AI Suitability: Rapidly scalable operation. Established, high-efficiency infrastructure. 29
Slide 30: Kansas (Wildcat)
Kansas (Wildcat) 10 MW Currently Operational Expansion: Currently negotiating utility expansion. 15 owned acres. Power Advantage: ~$42.3/MWh AI Suitability: Highly suitable for load-flexible AI deployments due to sophisticated energy curtailment capabilities 30
Slide 31: North Iowa
North Iowa 8 MW Facility Capacity (6 MW Online) Expansion: Potential to expand footprint to 15 MW Power Advantage: ~$51/MWh 31
Slide 32: Oklahoma (AI Flagship Site)
Oklahoma (AI Flagship Site) 300 MW Under Construction Expansion: 300 MW across 160 owned acres. Power Advantage: ~$44/MWh AI Suitability: Strategic proximity to natural gas pipelines, fiber trunks, and critical water sources necessary for advanced facility liquid cooling. 32
Slide 33: Dallas
Dallas 40 MW Currently Operational - LOI Signed Own the land. ESA and land purchase under negotiation Power Advantage: ~$42/MWh AI Suitability: Ongoing discussions with AI companies for buildout. Major metropolitan market access 33
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