Slide 1: CleanSpark
CLEANSPARKY
Slide 2: FY2026 Second Quarter Earnings Call
FY2026 SECOND QUARTER EARNINGS CALL MAY 2026
Slide 3: Legal Disclaimer
FY2026 SECOND QUARTER EARNINGS CALL LEGAL DISCLAIMER CleanSpark cautions you that statements in this presentation that are not a description of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Cl
Slide 4: Matt Schultz, Chief Executive Officer & Chairman
FY2026 SECOND QUARTER EARNINGS CALL M AT T S C H U LT Z CHIEF EXECUTIVE OFFICER & CHAIRMAN
Slide 5: Sandersville Update
SANDERSVILLE UPDATE SANDERSVILLE UPDATE • 250 MW currently energized power • 122-acre land acquisition enables concurrent data center development and BTC mining • Strong community relationship and alignment on development plans • Established lead prospective tenant • Aligned on engineering and basis
Slide 6: Asset Overview + GW Development Platform
ASSET OVERVIEW 2 + G W D E V E L O P M E N T P L AT F O R M 300 MW 2,110 MW 635 MW 1,810 MW 340 MW 1,175 MW 835 MW Large-Scale Additional AI-HPC Total AI-Suitable BTC Focused Power Total Contracted Brazoria (Phase II) Total Development Contracted MW Sites Contracted Power Power Platform Sandersville
Slide 7: Gary Vecchiarelli, President & Chief Financial Officer
FY2026 SECOND QUARTER EARNINGS CALL G A RY V EC C H I A R E L L I PRESIDENT & CHIEF FINANCIAL OFFICER
Slide 8: Financial Performance: Q2-26 vs Q1-26
FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE: Q2-26 vs Q1-26 REVENUE GROSS PROFIT1 $181.2 M $85.6 M 47% $136.4 M $54.7 M 40% Q1-26 Q2-26 Q1-26 Q2-26 NET INCOME/LOSS ADJUSTED EBITDA2 ($378.7 M) ($378.3 M) ($295.4 M) ($241.2 M) Q1-26 Q2-26 Q1-26 Q2-26 1. Gross Profit is calculated as (Total Revenue – C
Slide 9: Financial Performance: Q2-26 vs Q2-25
FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE: Q2-26 vs Q2-25 REVENUE GROSS PROFIT1 $181.7 M $96.3 M 53% $136.4 M $54.7 M 40% Q2-25 Q2-26 Q2-25 Q2-26 NET INCOME/LOSS ADJUSTED EBITDA2 ($138.8 M) ($378.3 M) ($57.8 M) ($241.2 M) Q2-25 Q2-26 Q2-25 Q2-26 1. Gross Profit is calculated as (Total Revenue – Co
Slide 10: Strong Liquidity Position
LIQUIDITY STRONG LIQUIDITY POSITION Balance sheet strength provides financial flexibility, optionality and ability to lower cost of capital 1 $260M 13,561 $925M $400M CASH & CASH NUMBER OF BITCOIN AVAILABLE LOC EQUIVALENTS BITCOIN VALUE CAPACITY Note: of March 31, 2026 1. The Company’s total HODL va
Slide 11: Digital Asset Management Activities
DIGITAL ASSET MANAGEMENT DIGITAL ASSET MANAGEMENT ACTIVITES Q2 AVG. SALES PRICE Q2 AVG. SALES PRICE AVG ADDT'L PREMIUM + PREMIUM PER BTC1 PER BTC1 $/BTC, NET $74,092 $71,967 $2,125 TOTAL PREMIUM AVG ADDT’L MAXIMUM HODL GENERATED PREMIUM % UTILIZED $4M - Q2 $17.2M - FYTD 2.95% 40% 1. DAM sales only (
Slide 12: Q&A
FY2026 SECOND QUARTER EARNINGS CALL Q&A
Slide 13: Non-GAAP Adjusted EBITDA Reconciliation
NON-GAAP ADJUSTED EBITDA RECONCILIATION NON-GAAP ADJUSTED EBITDA RECONCILIATION ($ in thousands) For the three months ended March 31, For the six months ended March 31, Reconciliation of non-GAAP Adjusted EBITDA 2026 2025 2026 2025 Net (loss) income $ (378,343 ) $ (138,792 ) $ (757,054 ) $ 107,999 D
Slide 14: CleanSpark
CLEANSPARKY