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.

IR@CLEANSPARK.COM

PHONE: 801.244.4405