INVESTOR RELATIONS PRESENTATION - APRIL 2021
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INVESTOR RELATIONS PRESENTATION APRIL 2021
SAFE HARBOR STATEMENT CleanSpark cautions you that statements in this presentation that are not a description of historical facts are forward-looking statements. These statements are based on CleanSpark’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Actual results may differ from those set forth in this presentation due to the risk and uncertainties inherent in our business, including, without limitation: risks associated with the performance of CleanSpark's technology, the number of items delivered to customers and the timing of the shipments may not develop as we expect; and other risks described in our press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this presentation to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
POWERING THE FUTURE Our mission at CleanSpark, Inc. is to solve modern energy challenges for forward thinking groups who demand future value creation by providing the power of choice in the choice of power.
REACHING NEW HEIGHTS Annual revenues have doubled for three consecutive years Revenue of $10.0 million for the fiscal year ended 2020 – an increase of 122% from the previous year Contracted backlog of $23.5 million as of April 18, 2021 Company has provided solutions in seven Countries Company personnel has grown from 20 to 74 in the past 12 months Four acquisitions since January 2020
BITCOIN
ENERGY
MINING
BUSINESS SEGMENTS
SOFTWARE SYSTEM INSTALLATION
AS A SERVICE & & HARDWARE BITCOIN MINING
CONTROLS SERVICES
65%-90% 25%-60% 15% 85%*
EST. MARGIN EST. MARGIN EST. MARGIN EST. MARGIN
*based on $60,000 BTC price
REVENUE SEGMENTS
ENERGY DIVISION
REDEFINING ENERGY SOLUTIONS Alternative to Utility Shutdowns in Fire & Disaster-Prone Areas Supporting Aging US Infrastructures Increases Efficiency & Cost Savings
OUR SOLUTIONS mVSO Platform mPulse Platform mVoult Platform Canvas Plaid
RANK COMPANY TOTAL SCORE
1 SEL (Schweitzer Engineering Laboratories) 83.8
2 Schneider Electric 82.4
3 Siemens 78.0
4 Tesla 77.2
5 Optimal Power Solutions 75.3
6 Hitachi ABB Power Grids 73.1
MICROGRID CONTROLLER
7 ENGIE EPS 72.9
LEADERBOARD 2021
8 Enel X 72.1
9 PXiSE Energy Solutions 68.9
10 PowerSecure 68.5 CleanSpark’s vision, forward
11 CleanSpark 66.8
thinking and execution
has earned recognition as a
12 GE (General Electric) 66.6 leader in Microgrid Controls
13 Heila Technologies 64.5 amongst the largest players
14 S&C Electric 63.0 in the industry.
15 Emerson 61.9
16 Eaton 57.8
Source: Guidehouse InsightsFACTORS DRIVING GROWTH
Cost Reduction and
Efficiency of Solar
Reduction of Cost
and Emergence of
Integration of Storage Systems
GeneratorsMICROGRIDS MUST USE SOFTWARE TO ACHIEVE
OPTIMAL RESULTS.
28% 20GW
Compound Annual Growth Rate Expected increase in total
from 2020-2029 microgrid capacity over the next
nearing $40 Billion decade.
Source: Navigant ResearchBITCOIN MINING DIVISION
KNOWLEDGE IS POWER Bitcoin mining is simply receiving compensation to process data supporting the blockchain Digital currency miners require huge amounts of power Difficulty rates are going to go up; Over time it will take more power and cost more to mine Long term it will be all about production and cost and it won’t matter how many miners you have if you can’t put them to use in a profitable manner. In the end, it’s all about the access to POWER.
C L EAN SPAR K 'S B I T C OI N ESG I N I T I AT I VE
B I T C O I N MI NI NG - E NE R G Y B Y S O UR C E 2 0 2 0
WATER 7%
COAL 2%
NUC L E A R 9 1 %
*As reported to the Company by the
power provider March 2021BITCOIN OPERATIONS - KEY STATISTICS*
BITCOIN
Average Bitcoins mined per day in March 2021 1.80
Total Bitcoins mined in March 2021 ~ 56
Total Bitcoins mined December 10, 2020 through April 18, 2021 205
Current Bitcoin price (as of April 15, 2021) ~ $63,000
Current Electricity Cost: $0.0285/kwh
PRODUCTION CAPACITY
Installed Capacity as of March 2021 capable of: ~ 315 PH/s
Future Mining Capacity - Miners already procured ~ 3.215 EH/s
*Unaudited
Assumes an Average Difficulty Rate of: 23.1t2021 MINING GROWTH PLAN
Com pany Intends to add 2nd Site
Rapid Scaling over Summer Months Late 2021
Production Capacity Increased to m aximize available power Capacity 315 to 1,300 PH
Acquisition of ATL January through March 2021
190 PH of Hash rate Production
Additional 30 MW of Energy Capacity to come online over the summer of 2021
20 MW of total Energy Capacity
CleanSpark intends to aggressively grow its Bitcoin mining business, with a focus
on access to cheap power backed by sustainable sources.
The Company will have 50 MW of Total Energy Capacity at existing facilities.
● 5 MW dedicated to traditional Data Center Operations
● 45MW dedicated to Bitcoin mining (at a flat rate of $0.0285 kw/h)
● The Company plans to add renewables to further increase capacity and sustainability.SEP 22 (3.2)
DEC 21 (2.0)
SEP 21 (1.3)
AUG 21 (1.1)
R A P ID L Y GR OW ING
P R OD UC T IO N C A P A C IT YBITCOIN GROWTH & APPRECIATION
I f a l l m i n e r s w e r e d e p l o y e d t o d a y * , a n d B i t c o i n s P r i c e w a s :
55,000/BTC 60,000/BTC 65,000/BTC
~34,342 Miners producing 3.215 EH/s. ~34,342 Miners producing 3.215 EH/s. ~34,342 Miners producing 3.215 EH/s.
18-20 Bitcoins per day 18-20 Bitcoins per day 18-20 Bitcoins per day
$ 31.35 million in revenue per month $ 34.20 million in revenue per month $ 37.05 million in revenue per month
Assuming difficulty rates as of April 14, 2021GROWTH
SALES* M&A
Contracted Backlog of in excess of $23.5 Pursuing targets that create
million as of April 18, 2021 accretive growth complementary
to existing business lines
EXPANDED MARKET SEGMENT
Residential Solar & Storage Microgrid Solutions
EV initiatives – EV charging stations & Second life batteries
Bitcoin Mining – Goal of 1.3 EH by September 2021; 2.0 EH by the end of
December 2021; and 3.2 EH by September 2022
*Unaudited
As of April 18, 2021Rapidly increasing revenues
Leading-edge technology
True ‘Dual-Threat’ in strong market segments -
Distributed Energy and Bitcoin.
WHY
Top tier ranking and strong reputation in the industry
Regulatory and industry momentum
Strategic alliances with key market participantsNASDAQ:CLSK
S. MATTHEW SCHULTZ
INVESTOR
CLEANSPARK, INC.
RELATIONS
IR@CLEANSPARK.COM
CONTACT
PHONE: 801.244.4405You can also read
