Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 170

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 2
Chunk 170
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 of warrant liability  $544,450 $-  Bitcoin transferred for rehypothecated collateral $31,720 $-  Reclassification of deposits on equipment to property and equipment $31,453 $21,502  Bitcon loan payments $26,986 $-  Bitcoin received from equity investees $20,714 $10,487  Bitcon received as a loan $16,551 $-  Initial estimate of asset retirement obligation and related capitalized costs $10,743 $-  Property and equipment purchases in accounts payable and accrued expenses $7,708 $17,422  Sales tax accrual on machines placed in service $2,363 $1,388  Treasury stock reissued for PIPE investment $10 $-  Right-of-use asset obtained in exchange for finance lease liability $- $4,375  Settlement of related party payable related to master services and supply agreement $- $1,554 

The following table provides a reconciliation of Cash and cash equivalents together with Restricted cash as reported within the Consolidated Balance Sheets to the sum of the same such amounts shown in the Consolidated Statements of Cash Flows.

September 30,20252024Cash and cash equivalents$1,207,440 $25,342 Restricted cash13,779 14,392 Total cash, cash equivalents, and restricted cash shown in the statement of cash flows$1,221,219 $39,734 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

12

CIPHER MINING INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

NOTE 1. ORGANIZATION

Nature of operationsCipher Mining Inc. (“Cipher” or the “Company”) is focused on the development and operation of industrial-scale data centers for bitcoin mining and high-performance compute (“HPC”) hosting. The Company operates two wholly-owned bitcoin mining data centers, a 207 MW site located in Odessa, Texas that draws fixed priced power from a power purchase agreement with its electricity provider (the “Odessa Facility”), and a 300 MW data center in Wink, Texas that draws power from the power grid (the “Black Pearl Facility”) and has equity investments in three partially-owned joint venture bitcoin mining data centers. The Company’s portfolio as of September 30, 2025 also includes three wholly-owned sites which have not commenced