Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 96

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 1A
Chunk 96
---
CIPHER MINING INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except for share and per share amounts)

(unaudited)

5

September 30, 2025December 31, 2024ASSETSCurrent assetsCash and cash equivalents$1,207,440 $5,585 Accounts receivable696 596 Receivables, related party308 2,090 Prepaid expenses and other current assets3,966 3,387 Bitcoin170,303 92,651 Receivable for bitcoin collateral- 32,248 Derivative asset36,766 31,648 Total current assets1,419,479 168,205 Restricted cash13,779 14,392 Property and equipment, net649,877 480,865 Deposits on equipment7,683 38,872 Intangible assets, net9,425 8,881 Investment in equity investees42,289 53,908 Derivative assets121,664 54,022 Operating lease right-of-use asset11,867 12,561 Security deposits12,045 19,782 Other noncurrent assets552,758 3,958 Total assets$2,840,866 $855,446 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilitiesAccounts payable$12,462 $22,699 Accrued expenses and other current liabilities37,549 69,824 Finance lease liability, current portion4,123 3,798 Operating lease liability, current portion3,523 3,127 Warrant liability512,590 - Short-term borrowings- 32,330 Total current liabilities570,247 131,778 Long-term borrowings, net1,023,075 - Derivative liability414,320 - Asset retirement obligations32,903 20,282 Finance lease liability4,197 7,331 Operating lease liability9,058 9,833 Deferred tax liability3,871 4,269 Total liabilities2,057,671 173,493 Commitments and contingencies (Note 13)Stockholders’ equityPreferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2025, and December 31, 2024- - Common