Company: CIFRW
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001819989-25-000005
Chunk: 59

Company: Cipher Mining Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 16
Chunk 59
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 to purchase Common Stock, as well as unvested restricted stock units (“RSUs”). The dilutive effect of RSUs was calculated using the treasury stock method. For warrants that are liability-classified, during periods when the impact is dilutive, the Company assumes share settlement of the instruments as of the beginning of the reporting period and adjusts the numerator to remove the change in fair value of the warrant liability and adjusts the denominator to include the dilutive shares calculated using the treasury stock method.The Company’s potentially dilutive common shares have been excluded from the computation of diluted net loss per common share when the effect would be to reduce the net loss per common share, or increase the net income per common share.The following is a reconciliation of the numerator and denominator of the diluted earnings (loss) per share computations for the periods indicated below:Year Ended December 31,20242023Basic and diluted loss per share:Net loss$(44,635)$(25,777)Weighted average shares outstanding - basic323,103,303252,439,461Add:RSUs--Weighted average shares outstanding - diluted323,103,303252,439,461Net loss per share - basic and diluted$(0.14)$(0.10)

F-19

CIPHER MINING INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table presents the common shares that are excluded from the computation of diluted net income (loss) per common share at December 31, 2024 and 2023, because including them would have been antidilutive.December 31,20242023Public warrants8,613,9808,499,980Private placement warrants—114,000Unvested RSUs15,922,22021,304,95224,536,20029,918,932Recently issued and adopted accounting pronouncementsThe Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes to determine the consequences of the change to its consolidated financial statements and assures that there are proper controls in place to ascertain that the Company’s consolidated financial statements properly reflect the change.Recently adopted accounting pronouncementsIn November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 seeks to improve disclosures about a public entity