Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 34

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 34
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 |     |       | 320,000 |
| Dr. Thomas L. Wood |     |                             | 120,000 |     |              | 200,000 |     |       | 320,000 |
| Amanda Cavaleri    |     |                             | 120,000 |     |              | 200,000 |     |       | 320,000 |

* Columns (d), (e), (f), and (g) required under Item 402(k) of Regulation S-K have been omitted from this table as they are not applicable.

(1) Includes $120,000 annual cash retainers for each Board member paid $10,000 monthly.

(2) Represents the fair value of Restricted Stock Units (“RSUs”) issued in accordance with the CleanSpark, Inc. 2017 Incentive Plan, dated as of June 19, 2017 (as amended, restated, or otherwise modified from time to time, the “2017 Incentive Plan”), and is computed in accordance with Accounting Standards Codification 718, Compensation—Stock Compensation, or ASC 718. The RSUs represented here vested 25% per each quarter period during fiscal year 2024. None of these were unvested and outstanding as of September 30, 2024.

#### CleanSpark252025 Proxy Statement
COMPENSATION DISCUSSION AND ANALYSIS

This Compensation Discussion and Analysis (this “CD&A”) provides information about the material elements of compensation that are paid, awarded to, or earned by our named executive officers (“NEOs”) within the meaning of Item 402(a)(3) of Regulation S-K. During the fiscal year ended September 30, 2024, our NEOs were Zachary K. Bradford, Gary A. Vecchiarelli, S. Matthew Schultz, Scott E. Garrison, and Taylor Monnig. For more information about our NEOs, please see “Information About our Named Executive Officers” below.

COMPANY HIGHLIGHTS

As of September 30, 2024, we operated a total hashrate capacity of 27.6 exahashes per second (“EH/s”) or approximately 4.4% of the total bitcoin network hashrate.

As of September 30, 2024, our operational megawatt capacity was 667 MW, an increase from 288 MW at the end of the prior fiscal year. Over the same period, we decreased our all-in power cost to $0