CleanSpark (CLSK) Investor presentation summary

Business strategy and evolution

• Transitioned from energy software to large-scale bitcoin mining and now expanding into AI and HPC data center infrastructure.

• Operates a geographically diverse, grid-connected power portfolio of approximately 2 GW, supporting AI/HPC development.

• Focuses on disciplined capital allocation to balance growth, liquidity, and shareholder returns.

• Pursues value creation through acquisitions, organic expansions, and AI-ready development opportunities.

Power and infrastructure portfolio

• Holds 2,110 MW of contracted power capacity across multiple U.S. states, with 100% operated infrastructure.

• Achieved a 600% increase in contracted power since YE23, with significant expansion in Texas.

• Multiple sites are suitable for AI/HPC data centers, including recent acquisitions in Sealy and Brazoria, TX.

• Current HPC leased capacity stands at 175 MW.

Financial position and capital strategy

• Maintains strong liquidity with $917 million as of June 30, 2026, including ~$200 million in cash and ~14,000 BTC.

• Utilizes project-level financing to preserve liquidity and access lower-cost capital.

• Targets lower weighted average cost of capital by minimizing reliance on equity.