CleanSpark Releases June 2024 Bitcoin Mining Update

Company exploits 445 bitcoin; Exceeds 20 EH/s, doubles operating hashrate since December

LAS VEGAS, 2 July 2024 /PRNewswire/ — CleanSpark Inc . (Nasdaq: CLSK), America’s Bitcoin Miner™, today has its unaudited bitcoin mining and operations update for the month ending June 30, 2024.

The company met and exceeded its mid-year target of 20 EH/s in operational hashrate, a result of its previously announced acquisition of five new bitcoin mining sites in Georgia. The 60 MW of infrastructure from these sites includes Interruption Load Designated Power Purchase Agreements (PPAs) with load balancing capabilities, a unique benefit for utility providers and the power grid.

“We have reached a tremendous milestone on our path to 50 EH/s and beyond. To surpass 20 EH/s in operational hashrate is more than double our hashrate as of December,” said Zach Bradford, CEO. “Doubling our hashrate requires grit and teamwork and our growth is a testament to the dedication of our teams. While our peers are exploring other avenues of revenue, we are laser-focused on delivering results and increasing our bitcoin hashrate mining and related income. We continue to maximize efficiencies at our existing sites and look forward to the opportunities ahead in Wyoming and Tennessee.”

June Bitcoin Mining Update (Unaudited)

Bitcoin mined in June: 445CY2024 bitcoin mined: 3,614 Total bitcoin owned as at 30 June: 6,591 Total bitcoin sold in June: 8.06 Deployed fleet: 152.505 Month-end fleet efficiency: 22.31 Y/Th Current hashrate: 20.4 EH/s

The company sold 8.06 bitcoin in June 2024 at an average price of approximately $67,514 per bitcoin. The average hashrate throughout the month of June was 17.85 resulting in an average of 14.83 bitcoin mined daily and a single day high of 22.41.

Growth Update Executed Definitive Agreement to Acquire GRIID Infrastructure (Nasdaq: GRDI). The Company entered into an agreement to acquire GRIID Infrastructure. (See the company’s SEC filings for additional details.)

Closed acquisition of five key sites in Georgia, providing 60 MW of immediately available data center infrastructure. Once fully deployed, sites will add 3.7 EH/s of the total hashrate. As of June 30, approximately 1.7 EH/s has been deployed, with additional hashrate expected to come online in July.

Dalton expansion concrete pours for both building slabs have been completed and transformers have been installed. When the full expansion is operational, CleanSpark’s Dalton campus, which consists of four independent data centers, is expected to operate at 2.4 EH/s. The company expects this 15 MW expansion to be completed by September 2024.

About CleanSpark CleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner™. We own and operate several data centers that run primarily on low-carbon power. Our infrastructure supports responsibly Bitcoin, the world’s most important digital commodity and an essential tool for financial independence and inclusion. We foster trust and transparency among our employees and the communities in which we operate. Visit our website at www.cleanspark.com.

Forward-looking statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company’s expectations, beliefs, plans, intentions and strategies. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “may,” “intend,” “target,” “projects.” , “consider,” “believe,” “estimate,” “anticipate,” “predict,” “potential” or “continue” or the negatives of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: future events in Tennessee and Wyoming; the timing and completion of the acquisition of Grid Infrastructure; the timing and operational results of the Dalton expansion; expected additions to CleanSpark’s hashrate and its timing; the risk that the electric power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and developing industries in which we operate; increasing difficulty for bitcoin mining; bitcoin halving; new or additional government regulation; the expected delivery dates of new miners; the ability to successfully deploy new miners; the reliance on utility rate structures and government incentive programs; reliance on third-party power suppliers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company’s previous press releases and in its filing with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023 , and any subsequent filings with the SEC. Forward-looking statements contained herein are made only as of the date of this press release, and we undertake no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact Brittany [email protected]

Media Contact Eleni Stylianou702-989-7694 [email protected]

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SOURCE CleanSpark, Inc.