Slide 1: Earnings Call – Q3
EARNINGS CALL – Q3 AUGUS T 16, 2021
Slide 2: Presenters
RACHEL SILVERSTEIN ZACHARY K. BRADFORD LORI LOVE VP OF COMPLIANCE AND GENERAL COUNSEL CEO, PRESIDENT, AND DIRECTOR CHIEF FINANCIAL OFFICER
Slide 3: Disclaimer
DISCLAIMER The matters discussed in this presentation are forward-looking statements that involve a number of risks and uncertainties. The actual results of the company could differ significantly from those statements. Factors that can cause or contribute to such differences include, but are not lim
Slide 4: Zachary K. Bradford
ZACHARY K. BRADFORD CEO, PRESIDENT, AND DIRECTOR
Slide 5: Third Quarter Highlights
T H I R D Q U A R T E R H I G H L I G H T S Q3 OPERATIONAL HIGHLIGHTS Q3 REVENUE HIGHLIGHTS – YTD 2021 vs 2020 Nine Months ending June 30, 2021 and 2020 Successes • Bitcoin production was up 32% from the prior quarter $22.29 million in Revenue • Decreased difficulty late in the quarter contributed t
Slide 6: Lori Love
LORI LOVE CHIEF FINANCIAL OFFICER
Slide 7: Financials
NASDAQ:CLSK
Slide 8: Summary Consolidated Balance Sheet
SUMMARY CONSOLIDATED BALANCE SHEET ASSETS Cash $22.2 Inventory $4.0 Mining equipment & deposits on mining equipment $188.2 Total Assets $297.5 LIABILITIES Current Liabilities $14.5 Total Liabilities $15.7 EQUITY Total Stockholders’ Equity $281.8 Total Liabilities & Stockholders’ Equity $297.5 *As of
Slide 9: Revenue by Business Line
REVENUE BY BUSINESS LINE DIGITAL CURRENCY $16.1 million in revenue for the nine months ended June 30, 2021, which made up 72% of our total MINING revenue for the nine-month period. $8.6 million in revenue for the three months ended June 30, 2021, which was 73% of our revenue for the quarter. ENERGY
Slide 10: Summary Statements of Operations
SUMMARY STATEMENTS OF OPERATIONS *(in Millions) For the Three Months Ended For the Nine Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Total Revenue $11.9 $3.4 $22.3 $8.1 Total Cost & Expenses $26.5 $5.6 $45.6 $15.5 Loss from Operations ($14.6) ($2.1) ($23.3) ($7.4) Other Incom
Slide 11: Bitcoin Mining
CLEANSPARK+> BITCOIN MINING POPP AN SPARIE }// 28 NASDAQ:CLSK
Slide 12: The Future of the Blockchain Is Clean Energy
THE FUTURE OF THE BLOCKCHAIN IS CLEAN ENERGY GOAL OF MINING 100% CARBON NEUTRAL B I T C O I N M I N I N G - E N E R G Y B Y S O U R C E 2 0 2 1 * C AR B O N B AS E D F U E L S ~ 9 % N U C L E AR AN D R E N E W AB L E ~ 9 1 % In addition to adding onsite renewables, we plan to begin purchasing additi
Slide 13: Bitcoin Highlights – Prior Quarters
BITCOIN HIGHLIGHTS – PRIOR QUARTERS QUARTERLY BITCOIN PRODUCTION (UNAUDITED) Q1* Q2 Q3 Average Bitcoins Mined Per Day in the quarter ~1.5 ~1.6 ~2.1 Increase from Prior Quarter – Daily BTC production N/A 6.7% 32.2% Total Bitcoins Mined in the Quarter 31.4 144.3 190.8 Total Bitcoins Mined to Date (Cum
Slide 14: Bitcoin Growth - Highlights
BITCOIN GROWTH - HIGHLIGHTS* BITCOIN HOLDINGS Total Bitcoins Mined to Date (December 10, 2020 through Aug 14, 2021) 598 BTC Current Bitcoin Price (As of August 14, 2021) ~ $47,000 Bitcoins Held as of August 14, 2021: 525 USD value of Bitcoins Held as of August 14, 2021: ~$24.7 Million PRODUCTION CAP
Slide 15: Miners - Atlanta Facilities
MINERS -ATLANTA FACILITIES CLEANSPARK=+
Slide 16: Rapidly Increasing Hashrate
R A P ID L Y INC R E A S I N G HA S HR A T E SEP 22 (3.4) JUNE 22 (3.0) MAR 22 (2.5) DEC 21 (2.0) SEPT 21 (1.2) • September 30, 2021: ~11,700 total units expected to be installed • December 31, 2021: ~19,900 total units expected to be installed • March 31, 2022: ~25,500 total units expected to be in
Slide 17: CleanBlok Site Expansion - Atlanta
CLEANBLOK SITE EXPANSION - ATLANTA
Slide 18: Norcross Data Center - Atlanta
NORCROSS DATA CENTER - ATLANTA
Slide 19: Energy
CLEANSPARK++ > ENERGY NASDAQ:CLSK
Slide 20: CleanSpark Office & Warehouse - Carlsbad
CLEANSPARK OFFICE & WAREHOUSE - CARLSBAD
Slide 21: Residential Projects
RESIDENTIAL PROJECTS CLEANSPARK +
Slide 22: Smart Controller Energy Storage Mobile App
SMART CONTROLLER ENERGY STORAGE MOBILE APP
Slide 23: Fiscal 2021 Outlook
FISCAL 2021 OUTLOOK
Slide 24: Financial Outlook & Expectations
FINANCIAL OUTLOOK & EXPECTATIONS Bitcoin Mining (Based on an average price of $47,000 BTC ) Between $38 million and $48 million Energy Between $9 million to $12 million Other services revenue $2 million EXPECTED COMBINED REVENUE $49 million to $63 million A net increase in baseline revenue expectati
Slide 25: NASDAQ:CLSK
NASDAQ:CLSK
Slide 26: Closing Remarks
CLOSING REMARKS
Slide 27: NASDAQ:CLSK
CLEANSPARK# NASDAQ:CLSK | CLEANSPARK=—>