CleanSpark acquires MS and GA mining sites; targets over 20 EH/s by H1 2024

On February 2, 2024, CSRE Properties Dalton, LLC (“Dalton Buyer”), a wholly-owned subsidiary of CleanSpark, Inc., a Nevada corporation (the "Company"), entered into a Membership Interest Purchase Agreement (the "Dalton MIPA") with Eyas Investment Group Limited (formerly known as Coinmaker Miners Limited), a British Virgin Islands business company (the "Dalton MIPA Seller"), pursuant to which the Dalton Buyer agreed to purchase a one hundred percent (100%) membership interest in Dalton15, LLC, a Georgia limited liability company, from the Dalton MIPA Seller.

the signing and delivery of a Membership Interest Purchase Agreement (the "Mississippi MIPA") with Eyas Investment Group Limited (the “Mississippi MIPA Seller”), pursuant to which the Mississippi Buyer agreed to purchase a one hundred percent (100%) membership interest in MS Data, LLC, a Mississippi limited liability company, from the Mississippi MIPA Seller, for $9,800,000.

On February 5, 2024, CSRE Properties Mississippi, LLC, a Mississippi limited liability company (the “Mississippi Buyer”), a wholly-owned subsidiary of the Company, entered into a Real Property Purchase and Sale Agreement with Makerstar Capital, Inc. (the “PSA Seller”) pursuant to which the Buyer agreed to purchase from the PSA Seller: (i) approximately 5 acres of real property (the “Meridian Property”) located in Meridian, Lauderdale County, Mississippi, (ii) approximately 5 acres of real property (the “Vicksburg Property”) located in Vicksburg, Warren County, Mississippi and (iii) approximately 9 acres of real property (the “Wiggins Property” and, together with the Meridian Property and the Vicksburg Property, the “Mississippi Property”) located in Wiggins, Stone County, Mississippi and purchase from the PSA Seller all improvements, fixtures and personal property situated on the Mississippi Property (altogether, the “Mississippi PSA”).

In connection with the Dalton Buyer’s entry into the Dalton Agreements, the Dalton Buyer also entered into a Construction Management Services Agreement dated February 2, 2024 (the “CMSA”) with the PSA Seller, pursuant to which the Dalton Buyer has engaged the PSA Seller to manage the completion of the construction of a 15 megawatt data center facility on the Dalton Property (the “Project”) for aggregate consideration of $3,435,000, payable in three installments commencing within 30 days of the completion of the Project.

Also on February 2, 2024, the Dalton Buyer entered into a Purchase and Sale Agreement (the “Dalton PSA” and, together with the Dalton MIPA, the “Dalton Agreements”) with Makerstar Capital, Inc., a Delaware corporation (the “PSA Seller” and, together with the Dalton MIPA Seller, the “Dalton Sellers”), pursuant to which the Dalton Buyer agreed to purchase from the PSA Seller approximately two (2) acres of real property (the “Dalton Property”) located in Dalton, Whitfield County, Georgia and purchase from the PSA Seller all improvements, fixtures and personal property situated on the Dalton Property.