Cleanspark, Inc. · NASDAQ:CLSK
Cleanspark — Q2 2022 Earnings Presentation
21 slides from Cleanspark's earnings presentation, May 2022
Slide 1: Q2 2022 Earnings Call
CleanSpark + Q2 2022 Earnings Call —
Slide 2: Welcome
Welcome Rachel Silverstein SVP of Compliance and General Counsel
Slide 3: Speakers
Speakers Zachary K. Bradford Gary A. Vecchiarelli Rachel Silverstein CEO, President and Director Chief Financial Officer SVP of Compliance and General Counsel
Slide 4: Disclaimer
Disclaimer 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 and results o
Slide 5: Introduction
Introduction Zachary K. Bradford CEO, President & Director
Slide 6: Bitcoin Mined and Hashrate Growth
Bitcoin Mined and Hashrate Growth 294 MW 594 MW 500 20 Contracted Lancium Option 450 18 400 16 Total Bitcoin Mined 350 14 Hashrate (EH/s) 300 318 313 12 305 276 250 10 226 200 216 218 8 189 193 150 6 147 100 4 73 50 60 2 56 56 42 45 0 0 t 2 1 21 22 21 23 1 2 21 21 1 22 21 21 21 21 22 21 en l2 r2 r2
Slide 7: A Quarter of Execution
A Quarter of Execution Immersion Cooling
Slide 8: Zachary K. Bradford
Zachary K. Bradford CEO, President & Director
Slide 9: Gary A. Vecchiarelli
Gary A. Vecchiarelli CPA and Chief Financial Officer
Slide 10: Financial Performance: Revenue & Margins
Financial Performance: Revenue & Margins Revenue Gross Profit $41.64m $29.50m 0.01 70.8% 4.59 $8.12m $6.58m 1.31 36.97 81.0% 29.5 0.09 6.72 6.58 Q2 2021 Q2 2022 Q2 2021 Q2 2022 $41.64m $32.44m $41.24m 0.01 $29.50m 0.30 78.7% 70.9% 3.97 4.60 32.44 29.5 36.97 36.97 Q1 2022 Q2 2022 Q1 2022 Q2 2022 Bitc
Slide 11: Financial Performance: Profitability
Financial Performance: Profitability Net Income/Loss Adjusted EBITDA $22.51m $7.40m 58.1% 91.1% $(0.17m) $1.90m 23.4% Q2 2021 Q2 2022 Q2 2021 Q2 2022 $24.24m $14.49m 58.8% $22.51m 35.1% 54.1% $(0.17m) Q1 2022 Q2 2022 Q1 2022 Q2 2022 NASDAQ: CLSK
Slide 12: Balance Sheet Highlights
Revenue Balance Sheet Highlights $1.9M $17.0M / 420 BTC Cash on Hand Bitcoin $424.8M ~28,000 Units Total Assets Miners on Hand *All amounts as of March 31, 2022
Slide 13: Future Deliveries
Revenue Future Deliveries $66.8m Deposits on Future Deliveries $20.4m Remaining $ Commitments 12,961 Machines to be Delivered 1.3 EH/s Hash Rate to be Delivered *As of March 31, 2022
Slide 14: Zachary K. Bradford
Zachary K. Bradford CEO, President & Director
Slide 15: Value Growth for the Greater Good
Value Growth for the Greater Good Capital Strategy Finance Growth & Operations HODLing
Slide 16: Building the Infrastructure of the Future
Building the Infrastructure of the Future Support Renewable Energy Infrastructure Partnership with Lancium Look for New Wholly-Owned Locations
Slide 17: Leave the World Better Than We Found It
Leave the World Better Than We Found It ESG Integration on Website Sustainable Bitcoin Standard Fair Wages
Slide 18: Thank You!
Thank You! CleanSpark +
Slide 19: NASDAQ: CLSK
AQ: CLSK +
Slide 20: Q&A
Q&A Rachel Silverstein VP of Compliance and General Counsel
Slide 21: CleanSpark - For A Better World
CleanSpark + For A Better World