Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 58

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 58
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, volatility in energy prices, and a highly competitive market. The Compensation Committee selected the following metrics to drive compensation decisions and bonuses for both incentive-based compensation and discretionary bonus compensation:

Financial Transparency, providing clear and accurate financial information improves corporate governance and accountability, thereby reducing risks and boosting earnings and return on equity.

Financial Performance, as measured by:

Responsible growth with a desire for low debt during high-interest periods;

Sound budget development and management to targets;

Speed of return on capital investments;

Total capital cost invested per exahash relative to peers, including infrastructure, equipment and ASIC miners;

Operating cost per exahash relative to peers; and

Path to profitability with focused effort on post-halving net positive revenue. This measure is directly aligned with a balanced approach to revenues, earnings, capital expenditures, cash flow, and return on equity.

Corporate Culture, as measured by employee compensation, workplace safety, employee retention and employee satisfaction. This measure reduces operational risks and enhances performance.

#### CleanSpark422025 Proxy Statement
Industry Leadership, as measured by influence in the industry, corporate prominence, and standard setting. This measure is a holistic concept which incorporates the other measures and the public perception of meeting strong financial and operational performance targets.

Stock Price, as we believe that directly correlating compensation in the long-term incentive plan structure with increases in our stock price as one of the drivers aligns with stockholders’ interests.

#### CleanSpark432025 Proxy Statement
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

COMMON STOCK

The following table sets forth, as of January 9, 2025, the number and percentage of the 280,806,400 shares (excluding treasury shares) of outstanding Common Stock which, according to the information supplied to the Company, were beneficially owned by (i) each person who is a director of the Company, (ii) each named executive officer of the Company, (iii) all current directors and executive officers of the Company as a group, and (iv) each person who, to the knowledge of the Company, is the beneficial owner of more than 5% of our outstanding Common Stock. Except as otherwise indicated, the persons named in the table have sole voting and dispositive power with respect to all shares beneficially owned, subject to community property laws where applicable.

We have determined beneficial ownership in accordance with SEC rules. The information does not necessarily indicate beneficial ownership for any other purpose. Under these rules, the number of shares of Common Stock deemed