Big Digital Energy, Inc. · NASDAQ:BGDE
Big Digital Energy — Investor Presentation (June 2026)
33 slides from Big Digital Energy's investor presentation, Jun 3, 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 May 2026 Investor Relations Samir Jain, CFA | OG Advisory Group 1
Slide 2: Disclaimer
Disclaimer 2 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 inform
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 Control of the scarce inputs
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 Executive Chairman | BGDE Principal | SixThirty.AI 5 Mr. Kilgore is the Founder and Managing Member of Endeavor Blockchain, LLC and partner in
Slide 6: Proposed Combined Platform
Proposed Combined Platform Combined Platform SixThirty.AI Pipeline Assets currently held by the Endeavor Group Big Digital Energy 247 MW 118 MW 129 MW Operating Capacity 584 MW BGDE pipeline 752 MW combined development pipeline 584 MW 168 MW Expansion Capacity Multi - market, 6 - state footprint Div
Slide 7: Portfolio Overview | Big Digital Energy Assets
Portfolio Overview | Big Digital Energy Assets Strategic Priority Expandable To Current MW Current Status State Asset Control Status AI Repositioning Candidate — 120 MW Operating PA Midland BGDE Load Study Pending 24 MW — Pre - development OH Corning BGDE Secondary Operating Asset 24 MW 9 MW Operati
Slide 8: Portfolio Overview | SixThirty.AI Assets
Portfolio Overview | SixThirty.AI Assets Strategic Priority Power Cost Expandable To Current MW Current Status State Asset Control Status SixThirty.AI – Big Digital Energy Assets AI - Capable / Power Monetization Asset $35 74 MW 19 MW Operating IA Iowa South SixThirty.AI AI - Capable $39 30 MW — Und
Slide 9: A Transformed Platform Under New Leadership
A Transformed Platform Under New Leadership A New Era of Execution 9 Big Digital Energy has plans to implement a rigorous turnaround x Stabilized Capital Base : Resolving negative working capital and retiring toxic legacy debt x Strategic Repositioning : Hard pivot from pure - play Bitcoin mining to
Slide 10: Capital Raise Strategy
Capital Raise Strategy 10
Slide 11: Phased Capital Strategy
Phased Capital Strategy Phase 2: Expansion Capital | Structured equity, preferreds, and selective convertibles Supports site expansion and acquisitions of cash - flowing / selective AI - conversion opportunities Phase 3: Project Finance Capital | Asset - backed debt, equipment financing, strategic p
Slide 12: Independent Framework for Acquisition of Endeavor Affiliated Assets
Independent Framework for Acquisition of Endeavor Affiliated Assets Independent Review Process Third - Party Valuation Any management - affiliated asset acquisition would be subject to a third - party valuation Independent Board Review Transactions would be reviewed and approved by non - affiliated
Slide 13: Roadmap
Roadmap $100M+ Commitment Reposition company for growth Develop Pipeline Scale Operating Footprint 1GW Operating Controlled Scale - Up 2GW Campus Build a large - scale AI platform 2GW+ Power Portfolio Phase 1 Phase 4 P1: Recapitalization Objective: x Clean up balance sheet x Acquire cash - flowing a
Slide 14: Power-First Value Creation Model
Power - First Value Creation Model Downside Support 14 Value Expansion Capital Formation Power Monetization & Hosting Existing operations, hosting, and power monetization provide base cash - flow support while preserving optionality across the asset base Selective AI / HPC Conversion Where power acc
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 One of the largest operating sites in PJM operated by a public BTC miner x Grid - connected to nuclear power (carbon - free) x ~38,810 miner rack spaces x Active colocation and self - mining operations x ~50 MW colocation framework with Co
Slide 17: AI Conversion Strategy
AI Conversion Strategy What BGDE Controls Today Power economics secured at wholesale rates Land and site control across multiple energy - rich regions Grid interconnection / development rights Existing operating and expandable infrastructure Economics disclosed from AI / HPC Infrastructure Contracts
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 Leverage PJM power footprint and Big Digital Energy’s site infrastructure to develop AI/HPC hosting business . Engage hyperscalers and GPU - as - a - service providers . Restructure asset base to de - emphasize pure BTC mining and prioritize AI/HPC colocation. Sell, build, or convert
Slide 20: Valuation
Valuation 20
Slide 21: The Opportunity: AI Infrastructure Supercycle
The Opportunity: AI Infrastructure Supercycle 3x Revenue per MW from AI contracts vs BTC mining $330 PJM capacity price per MW - day (up from $30) grid power is scarce 85% Project EBITDA margins on AI/HPC colocation vs. ~30% for mining $5.2T AI data center infrastructure investment needed by 2030 13
Slide 22: 2024-2025 | A Missed Opportunity
2024 – 2025 | A Missed Opportunity Note: Synthetic Index Weighting = IREN (40%) + WULF (25%) + HUT (20%) + CIFR (15%). Base = 100 on 2024 - 01 - 02. Source: Koyfin. Data as of April 27, 2026. +603% Despite being well positioned to take advantage of the shift to AI & HPC infrastructure, shareholders
Slide 23: Valuation Upside
Valuation Upside 1 Market cap reflect figures as of April 16, 2026 2 All financial data sourced from publicly available SEC filings (10 - K, 10 - Q, 8 - K, company press releases, and earnings transcripts) 3 EV / MW = Enterprise Value / Contracted MW. Illustrative metric to present valuation bridge
Slide 24: Platform Valuation & Strategic Acquisitions
Platform Valuation & Strategic Acquisitions 24 Panhandle Platform Acquisition Large - scale infrastructure campus with 1.5 - 2 GW total development capacity. $1B+ annual revenue potential at full buildout Central TX Project Acquisition Adds an estimated $75M in value, will be acquired with cash and
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 25 x Control of Scarce Assets 129 MW live capacity in constrained PJM / ERCOT markets x Massive Platform Scale 752 MW of captive pipeline under management [168 owned by BGDE; 584 owned by SixThirty.
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 .
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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