CleanSpark, Inc. (NASDAQ:CLSK) Q4 2022 Results Conference Call December 14, 2022 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Josh Siegler - Cantor Fitzgerald Brian Dobson - Jardine Capital Markets Greg Lewis - BTIG Operator Good afternoon. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone to the conference call ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________ Commission file number: 001-39187 CleanSpark, Inc. (Exact name of registrant as specified in its charter) Nevada 87-0449945 (State or other jurisdiction o ...

CleanSpark, Inc. (NASDAQ:CLSK) Q3 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Isaac Holyoak - Chief Communications Officer Zach Bradford - Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C. Wainwright & Co. Greg Lewis - BTIG Operator Good afternoon. My name is David, and I will be your conference operator today. At this time, I’d like to welcome everyone to the CleanSpark Fiscal Year 2022 Q3 Earnings Call. A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission File Number: 001-39187 CleanSpark, Inc. (Exact name of Registrant as specified in its charter) Nevada 87-0449945 (State or other jurisdic ...

CleanSpark, Inc. (NASDAQ:CLSK) Q2 2022 Results Conference Call May 10, 2022 4:30 PM ET Company Participants Rachel Silverstein - Senior Vice President, Compliance and General Counsel Zach Bradford - Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Tyler DiMatteo - BTIG Operator Good afternoon and welcome to the CleanSpark Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission File Number: 001-39187 CleanSpark, Inc. (Exact name of Registrant as specified in its charter) Nevada 87-0449945 (State or other jurisdi ...

CleanSpark, Inc. (NASDAQ:CLSK) Q1 2022 Earnings Conference Call February 9, 2022 5:00 PM ET Company Participants Rachel Silverstein - Vice President, Compliance and General Counsel Zach Bradford - Chief Executive Officer Gary Vecchiarelli - Chief Financial Officer Conference Call Participants Tyler DiMatteo - BTIG Operator Good afternoon, everyone and welcome to the CleanSpark Fiscal Year 2022 Q1 Earnings Call. [Operator Instructions] Please also note, today’s event is being recorded. At this time, I would ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2021 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission File Number: 001-39187 CleanSpark, Inc. (Exact name of Registrant as specified in its charter) Nevada 87-0449945 (State or other juri ...

Financial Data and Key Metrics Changes - Revenue grew from $10 million to $49.4 million, representing nearly a 400% increase [10] - Adjusted EBITDA resulted in a non-GAAP net income of approximately $9 million, or $0.31 per share, compared to a loss of $1.07 per share in the prior year [10][22] - GAAP-based net loss improved from $23.3 million to $21.8 million, resulting in a loss per share of $0.74, an improvement of $1.70 per share compared to last year [20][22] - Cash balance at the end of the year was $18 million, with total liabilities of $11.7 million and net assets of $305.7 million, indicating significant growth in net assets [24] Business Line Data and Key Metrics Changes - Bitcoin mining remains the primary business segment, with a hash rate of approximately 1.3 exahash and Bitcoin production of 1,083 as of the end of November [11] - Energy revenues were flat year-over-year, but the company is focusing on integrating energy expertise into sustainable Bitcoin mining [17] Market Data and Key Metrics Changes - The company believes it is undervalued compared to competitors in the Bitcoin mining industry, with hash rate growth among the top of publicly traded companies [12][13] Company Strategy and Development Direction - The company is focused on smart, sustainable growth while limiting shareholder dilution through non-dilutive capital options like debt [12][14] - Plans to ramp up the Norcross facility and deploy advanced technologies such as immersion cooling to enhance efficiency and reduce operating costs [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue and Bitcoin production targets despite industry challenges [28] - The company is optimistic about future growth, expecting continued revenue increases as mining capabilities expand [19] Other Important Information - The company recorded a loss on impairment of Bitcoin valued at $6.6 million for the year, despite a fair market value of $27.5 million [26] - The company is working towards being able to claim a 100% renewable energy usage, currently offsetting non-renewable energy with renewable energy credits [36][37] Q&A Session Summary Question: How is the hash rate growth compared to prior forecasts? Any anticipated challenges? - Management believes proactive energy management and timely deployment of mining rigs provide a competitive advantage, expecting to meet revenue and production targets [28] Question: Does the company anticipate the ability to overclock the rates with immersion cooling? - Management is excited about immersion cooling, which allows for more efficient heat transfer, enabling potential overclocking of mining machines [30][32] Question: Was selling Bitcoin for expansion to avoid dilution the best decision? - Management believes it was the right decision to monetize Bitcoin rather than dilute shares, focusing on generating value for shareholders [33][34] Question: Does CleanSpark use green energy or traditional energy resources? - The company uses both but focuses on renewable energy, participating in programs to offset non-renewable energy usage [35][36] Question: How many megawatts are expected to come online in the next few weeks? - Approximately 28 megawatts of power are expected to come online soon [38] Question: What are the potential difficulties in getting the miners online? - Challenges include the final approval and commissioning of circuits, but management is confident in their proactive approach to energy management [39][41]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________ Commission file number: 001-39187 CleanSpark, Inc. (Exact name of registrant as specified in its charter) Nevada 87-0449945 (State or other jurisdiction o ...