CLEANSPARK, INC.

CleanSpark is a U.S.-based data center developer and operator that owns and operates facilities housing computing infrastructure for bitcoin mining and increasingly for artificial intelligence and high-performance computing workloads. The company generates revenue primarily through bitcoin mining operations, in which it deploys application-specific integrated circuit miners to solve cryptographic puzzles and earn bitcoin rewards, with the bulk of its computing power derived from facilities in Georgia, Tennessee, Mississippi, and Wyoming; it monetizes earned bitcoin through periodic sales and derivative contracts. As it diversifies, CleanSpark is leveraging its power infrastructure expertise and available capacity to build and lease data center space to hyperscalers and technology companies seeking computing resources for AI and HPC applications, positioning itself to capture revenue from multiple high-compute workload segments.