Company: CIFRW
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001819989-25-000037
Chunk: 11

Company: Cipher Mining Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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,975)$39,900 (Loss) income per share - basic and diluted$(0.11)$0.13 Weighted average shares outstanding - basic360,514,620296,641,499Weighted average shares outstanding - diluted360,514,620304,397,979

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

7

CIPHER MINING INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

(in thousands, except for share amounts)

(unaudited)

Three Months Ended March 31, 2025

Common StockAdditionalPaid-in Capital Accumulated Deficit Treasury Stock TotalStockholders’ Equity SharesAmountShares Amount Balance as of December 31, 2024361,432,449$361 $863,015 $(181,412)(10,648,632)$(11)$681,953 Issuance of common shares, net of offering costs - At-the-market offering9,149,4479 $34,169 - -- 34,178 Treasury stock reissued for PIPE Investment— - 49,990 - 10,438,41310 50,000 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement731,7021 (1,144)- (245,680)- (1,143)Share-based compensation-- 8,782 - -- 8,782 Net loss-- - (38,975)-- (38,975)Balance as of March 31, 2025371,313,598$371 $954,812 $(220,387)(455,899)$(1)$734,795 

Three Months Ended March 31, 2024

Common Stock AdditionalPaid-in Capital Accumulated Deficit Treasury Stock TotalStockholders’ Equity Shares Amount Shares Amount Balance as of December 31, 2023296,276,536$296 $627,822 $(136,777)(5,318,674)$(5)$491,336 Issuance of common shares, net of offering costs - At-the-market offering14,246,23514 64,532 - -- 64,546 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement2,059,3903 (3,177)-