Slide 1: CleanSpark
Slide 2: FY2026 First Quarter Earnings Call
FY2026 FIRST QUARTER EARNINGS CALL
Slide 3: Safe Harbor Statement
FY2 02 6 Q 1 E A RNIN GS CA LL S A F E H A R B O R S TAT E M E N T This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this presentation, forward-looking statements include, but may not be limited to, statements regardi
Slide 4: Matt Schultz, CEO & Chairman
FY2 02 6 Q 1 E A RNIN GS CA LL MATT SCHULTZ CHIEF E XECUTIVE OFFICER & CHAIRMAN
Slide 5: CleanSpark's Evolution
FY2 02 6 Q 1 E A RNIN GS CA LL C L E A N S PA R K ’ S E V O L U T I O N ENERG Y, CO MPU TE, INF RA STRUC TUR E AT SCALE POWER & LAND PORTFOLIO EXPANS ION A I D ATA C E N T E R D E V EL O P M E N T 2 02 6 M E GA WAT T M ON ET I Z ATI O N ENE RGY & IN FRASTRUCTURE C OMPUTE P LATFORM
Slide 6: CleanSpark's U.S. Footprint Today
FY2 02 6 Q 1 E A RNIN GS CA LL CL EANSP ARK ’S U.S. FOO TPR INT TODAY SOUTH DAKOTA CONTRACTED MW: 15 100% CL SK OP ERA TE D WY O M I NG (1) IN FRA ST RUCT URE CONTRACTED MW: 110 T E N N E S S E E (2) CONTRACTED MW: 399 1,809 MW CON TRA CTE D M I S S I S S I P P I (1) C A P A C I T Y (3) CONTRACTED M
Slide 7: Sandersville, GA
FY2 02 6 Q 1 E A RNIN GS CA LL SA NDE RSV IL LE , GA AD DI TI O NAL PA RCE L T E ST F I T
Slide 8: CleanSpark's Evolution
FY2 02 6 Q 1 E A RNIN GS CA LL C L E A N S PA R K ’ S E V O L U T I O N ENERG Y, CO MPU TE, INF RA STRUC TUR E AT SCALE 2027 2028 2 02 6 L ARG E-S CAL E C OMMIS S IONING MUL T I-CA MPUS CAP ABIL IT IES T ENA NT DIVER SIT Y GIG A-PR OJEC T D EVEL OPMENT POR T FOLIO E XPANS ION DAT A CEN TE R E NGIN E
Slide 9: Gary Vecchiarelli, President & CFO
FY2 02 6 Q 1 E A RNIN GS CA LL GARY VECCHIARELLI PRESIDENT & CHIEF FINANCIAL OFFICE R
Slide 10: Financial Performance: Q1-25 vs Q1-26
FY 20 26 Q 1 E AR N IN GS CA L L FINANC IAL P ERFORMANCE: Q1 -25 V S Q1-26 R EV EN UE G ROS S P ROFIT1 1 Gross Profit is calculated as (Total revenue-Cost of revenue)/(Total revenue) $92.0M $85.6M $181.2M $162.3M Q 1- 25 Q 1- 26 Q 1- 25 Q 1- 26 NE T INCOME/LOSS A DJ US TE D EB I TD A1 1 See Exhibit
Slide 11: Financial Performance: Q4-25 vs Q1-26
FY2 02 6 Q 1 E A RNIN GS CA LL FINANC IAL P ERFORMANCE: Q4 -25 V S Q1-26 R EV EN UE G ROS S P ROFIT1 1 Gross Profit is calculated as (Total revenue-Cost of revenue)/(Total revenue) $126.4M 56.5% $223.7M $85.6M $181.2M 47.2% Q 4- 25 Q 1- 26 Q 4- 25 Q 1- 26 NE T INCOME/LOSS A DJ US TE D EB I TD A1 1 S
Slide 12: Liquidity
FY2 02 6 Q 1 E A RNIN GS CA LL LIQUIDITY CASH & CASH NUMBER OF B I TC OI N VA LUE A VA I LAB LE LO C EQ UI V A LEN TS B I TC OI N CAPACITY $458M 13,099 $1.15B $400M BAL ANCE SH E ET STRE NG TH PROVI D ES FI NANC I AL F L E X I B I L I T Y A N D O P T I O N A L I T Y.
Slide 13: New Treasury Tool
FY2 02 6 Q 1 E A RNIN GS CA LL AVERAGE BTC ANNUALIZED AVERAGE BTC BTC PROCEEDS FROM EFFECTIVE SALES PRICE AT PREMIUM STRIKE PRICE COVERED PREMIUMS ($000s) PRICE TO SPOT CONTRACT DATE YIELD DIGI TAL A SS E T Spot+ Calls $97,230 $104,959 9,560 $9,951 108.9% — MA NA GE MEN T AC T IVIT IE S Yield Calls
Slide 14: CleanSpark
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Slide 15: FY2026 Earnings Q&A Call
CleanSpark FY2026 01 EARNINGS ah ee a ar CALL
Slide 16: CleanSpark
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Slide 17: Non-GAAP Adjusted EBITDA Reconciliation
FY2 02 6 Q 1 E A RNIN GS CA LL N O N - G A A P A D J U S T E D E B I T D A R E C O N C I L I AT I O N *We have not excluded our loss on fair value of bitcoin totaling $350.4M in the three months ended December 31, 2025, which we now record in our Condensed Consolidated Statements of Operations and C