Slide 1: CleanSpark
CLEANSPARK}
Slide 2: FY2026 Third Quarter Earnings Call
FY2026 THIRD QUARTER EARNINGS CALL AUGUST 2026
Slide 3: Legal Disclaimer
FY2026 THIRD QUARTER EARNINGS CALL LEGAL DISCLAIMER 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 regarding the Comp
Slide 4: Matt Schultz, Chief Executive Officer & Chairman
FY2026 THIRD QUARTER EARNINGS CALL MATT SCHULTZ CHIEF EXECUTIVE OFFICER & CHAIRMAN
Slide 5: Sandersville Lease Substantially De-Risked
FY2026 THIRD QUARTER EARNINGS CALL SANDERSVILLE LEASE SUBSTANTIALLY DE-RISKED High - Investment - Grade Tenant Triple Net lease structure 20 - year base term Vertically integrated EPCM/GC design and build partner fully contracted 175 MW $6.6 B ~$3 30 M IT CAPACITY1 CONTRACT VALUE1 AVG. ANNUAL NOI1 (
Slide 6: Premium Texas Assets Under Exclusivity
FY2026 THIRD QUARTER EARNINGS CALL PREMIUM TEXAS ASSETS UNDER EXCLUSIVITY SEALY BRAZORIA OVERVIEW OVERVIEW • 285 MW in Austin County, TX • Up to 600 MW in Brazoria • ~5 0 miles west of Houston County, TX • Center Point Energy • ~5 5 miles south of Houston • Center Point Energy ERCOT ERCOT • Anticipa
Slide 7: Gary Vecchiarelli, President & Chief Financial Officer
FY2026 THIRD QUARTER EARNINGS CALL GARY VECCHIARELLI PRESIDENT & CHIEF FINANCIAL OFFICER
Slide 8: Financial Performance
FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE: Q3 -’26 vs Q2-’26 Q3 – ‘26 Q2 – ‘26 REVENUE $138.0 MM $136.4 MM GROSS PROFIT 1 $52.5 MM $54.7 MM 38% 40% NET LOSS ($239.8 MM) ($378.3 MM) ADJUSTED EBITDA 2 ($113.0 MM) ($241.2 MM) 1. Gross Profit is calculated as (Total Revenue – Cost of Revenue)/Total Re
Slide 9: Capital Stewardship: Funding Growth While Preserving Financial Flexibility
FY2026 THIRD QUARTER EARNINGS CALL CAPITAL STEWARDSHIP: FUNDING GROWTH WHILE PRESERVING FINANCIAL FLEXIBILITY Financial strategy provides optionality for AI infrastructure development MAINTAIN STRONG PROJECT-LEVEL SHAREHOLDER-FOCUSED LIQUIDITY FINANCING CAPITAL STRUCTURE $917MM of total liquidity as
Slide 10: Q&A
FY2026 THIRD QUARTER EARNINGS CALL Q&A
Slide 11: Non-GAAP Adjusted EBITDA Reconciliation
NON-GAAP ADJUSTED EBITDA RECONCILIATION NON-GAAP ADJUSTED EBITDA RECONCILIATION ($ in thousands) For the three months ended June 30, For the nine months ended June 30, Reconciliation of non-GAAP Adjusted EBITDA 2026 2025 2026 2025 Net (loss) income $ (239,842 ) $ 257,390 $ (996,896 ) $ 365,389 Depre
Slide 12: CleanSpark
CLEANSPARK}