Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 169

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 2
Chunk 169
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 186  Prepaid expenses and other current assets (579)182  Security deposits 7,737 16,851  Other non-current assets (4,350)(210) Accounts payable (13,969)565 Accounts payable, related party- 62 Accrued expenses and other liabilities(36,626)-  Lease liabilities (871)- Net cash used in operating activities(153,506)(58,533)Cash flows from investing activities Proceeds from sale of bitcoin 150,226 79,785  Deposits on equipment (934)(135,262) Purchases of property and equipment (262,035)(92,373) Purchases and development of software (1,143)(1,059) Investment in equity investees (17,568)(29,194) Purchase of strategic contracts- (17,044)Net cash used in investing activities(131,454)(195,147)Cash flows from financing activities Proceeds from treasury stock reissued for PIPE investment50,000 -  Proceeds from the issuance of common stock 118,850 225,181  Offering costs paid for the issuance of common stock (1,453)(3,487) Proceeds from issuance of convertible notes, net of issuance costs1,437,395 -  Purchase of capped call options(82,680)-  Repurchase of common shares to pay employee withholding taxes (7,285)(10,760) Principal payments on loan (25,000)-  Principal payments on financing lease (3,625)(3,625)Net cash provided by financing activities1,486,202 207,309 Net increase (decrease) in cash, cash equivalents, and restricted cash 1,201,242 (46,371)Cash, cash equivalents, and restricted cash, beginning of the period$19,977 $86,105 Cash and cash equivalents, and restricted cash, end of the period$1,221,219 $39,734 

11

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

CIPHER MINING INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - CONTINUED

(in thousands)

(unaudited)

Nine Months Ended September 30,20252024Supplemental disclosure of non-cash investing and financing activities Issuance