december 2020 ir presentation - cleanspark...obligation to revise or update this presentation to...
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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
ENERGYBITCOIN
MINING
BUSINESS SEGMENTS
SOFTWARE
AS A SERVICE &
CONTROLS
REVENUE SEGMENTS
SYSTEM INSTALLATION
&
SERVICES
HARDWARE BITCOIN MINING
65%-90%EST. MARGIN
25%-60%EST. MARGIN
15%EST. MARGIN
85%*EST. MARGIN
*based on $60,000 BTC price
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
MICROGRID CONTROLLERLEADERBOARD 2021
RANK
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
7 ENGIE EPS 72.9
8 Enel X 72.1
9 PXiSE Energy Solutions 68.9
10 PowerSecure 68.5
11 CleanSpark 66.8
12 GE (General Electric) 66.6
13 Heila Technologies 64.5
14 S&C Electric 63.0
15 Emerson 61.9
16 Eaton 57.8
COMPANY TOTAL SCORE
Source: Guidehouse Insights
CleanSpark’s vision, forward
thinking and execution
has earned recognition as a leader in Microgrid Controls
amongst the largest players
in the industry.
FACTORS DRIVING GROWTH
Cost Reduction and
Efficiency of Solar
Integration of
Generators
Reduction of Cost
and Emergence of
Storage Systems
MICROGRIDS MUST USE SOFTWARE TO ACHIEVE
OPTIMAL RESULTS.
28%Compound Annual Growth Rate
from 2020-2029
nearing $40 Billion
20GWExpected increase in total
microgrid capacity over the next
decade.
Source: Navigant Research
BITCOIN
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 powerand 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 profitablemanner.
In the end, it’s all about the access to POWER.
W A T E R 7 %
C O A L 2 %
N U C L E A R 9 1 %
C L E A N S P A R K ' S B I T C O I N E S G I N I T I A T I V EB I T C O I N M I N I N G - E N E R G Y B Y S O U R C E 2 0 2 0
*As reported to the Company by the
power provider March 2021
BITCOIN 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
*UnauditedAssumes an Average Difficulty Rate of: 23.1t
PRODUCTION CAPACITY
Installed Capacity as of March 2021 capable of: ~ 315 PH/s
Current Electricity Cost: $0.0285/kwh
Future Mining Capacity - Miners already procured ~ 3.215 EH/s
2021 MINING GROWTH PLAN
CleanSpark intends to aggressively grow its Bitcoin mining business, with a focus on access to cheap power backed by sustainable sources.
Company Intends to add 2nd Site
Late 2021Rapid Scaling over Summer Months
315 to 1,300 PH
20 MW of total Energy Capacity
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.
Production Capacity Increased to maximize available power Capacity
January through March 2021
Additional 30 MW of Energy Capacity to come online over the summer of 2021
Acquisition of ATL
190 PH of Hash rate Production
R A P I D L Y G R O W I NG
P R O D UC T I O N C A P A C I T Y
AUG 21 (1.1)
SEP 21 (1.3)
DEC 21 (2.0)
SEP 22 (3.2)
B I T C O I N G R O W T H & A P P R E C I A T I O N
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 :
5 5 , 0 0 0 / B T C
~34,342 Miners producing 3.215 EH/s.
18-20 Bitcoins per day
$ 31.35 million in revenue per month
6 0 , 0 0 0 / B T C
~34,342 Miners producing 3.215 EH/s.
18-20 Bitcoins per day
$ 34.20 million in revenue per month
6 5 , 0 0 0 / B T C
~34,342 Miners producing 3.215 EH/s.
18-20 Bitcoins per day
$ 37.05 million in revenue per month
Assuming difficulty rates as of April 14, 2021
GROWTH
Contracted Backlog of in excess of $23.5
million as of April 18, 2021
SALES* M&A
Pursuing targets that create
accretive growth complementaryto 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
*UnauditedAs of April 18, 2021
WHY
Rapidly increasing revenues
Leading-edge technology
True ‘Dual-Threat’ in strong market segments -
Distributed Energy and Bitcoin.
Top tier ranking and strong reputation in the industry
Regulatory and industry momentum
Strategic alliances with key market participants
NASDAQ:CLSK
INVESTOR
RELATIONS
CONTACT
S. MATTHEW SCHULTZ
CLEANSPARK, INC.
PHONE: 801.244.4405