Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 7

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 7
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 be voted on. Notwithstanding the foregoing, the holders of Preferred Stock will vote together with the holders of Common Stock as a single class on each proposal to be voted on, except to the extent that voting as a separate class or series is required by law. As such, holders of Common Stock are entitled to a total of 280,806,400 votes and the holders of Preferred Stock are entitled to a total of 78,750,000 votes on each proposal.

Q. HOW MANY SHARES MUST BE PRESENT TO CONDUCT BUSINESS?

A. A quorum is required to conduct business at the Meeting and any adjournment or postponement thereof. The presence at the Meeting, virtually or by proxy, of the holders of at least one-third (1/3) of the collective voting power of the Company’s outstanding shares of capital stock as of the close of business on the Record Date will constitute a quorum. Based on the number of shares of Common Stock and Preferred Stock outstanding as of the close of business on the Record Date, the presence of holders of capital stock entitled to cast 119,852,134 aggregate votes will be necessary to constitute a quorum at the Meeting. Our executive officers and directors as a group hold 1,500,000 shares of Preferred Stock, entitling them to 67,500,000 votes (not including any potential votes they may cast as holders of our Common Stock). For more information, see “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”

#### CleanSpark42025 Proxy Statement
Q. WHAT WILL BE VOTED ON AT THE MEETING?

A. The following chart sets forth the proposals scheduled for a vote at the 2025 Annual Meeting and the vote required for such proposals to be approved:

| PROPOSAL                                                                                                                                                                                                                                                                                                                                 | VOTES REQUIRED                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | VOTING OPTIONS                                    | BOARD RECOMMENDATION |
| Proposal 1: To elect the following individuals to hold office until the next annual meeting of stockholders or until their successors are duly elected and qualified, subject to prior death, resignation, or removal: Zachary K. Bradford, S. Matthew Schultz, Larry McNeill, Dr. Thomas L. Wood, Roger P. Beynon, and Amanda Cavaleri. | The plurality of the votes cast. This means that the nominees receiving the highest number of affirmative (“FOR”) votes (among votes properly cast virtually or by proxy) will be elected as directors. In other words, because