Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 98

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 1A
Chunk 98
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es)101 - (2,732)- Total costs and operating expenses(109,324)(115,496)(285,179)(169,826)Operating loss(37,617)(91,394)(120,948)(60,779)Other income (expense)Interest income457 1,188 943 3,027 Interest expense(1,286)(346)(3,200)(1,118)Change in fair value of warrant liability31,860 - 31,860 250 Other income (expense)3,000 (4)4,064 (1,235)Total other income34,031 838 33,667 924 Loss before taxes(3,586)(90,556)(87,281)(59,855)Current income tax benefit (expense)767 (211)(1,157)(932)Deferred income tax benefit (expense)(464)4,013 399 (1,358)Total income tax benefit (expense)303 3,802 (758)(2,290)Net loss$(3,283)$(86,754)$(88,039)$(62,145)Loss per share - basic and diluted$(0.01)$(0.26)$(0.23)$(0.20)Weighted average shares outstanding - basic393,191,623332,680,037376,372,526314,820,110Weighted average shares outstanding - diluted393,191,623332,680,037376,372,526314,820,110

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 September 30, 2025

Common StockAdditionalPaid-in CapitalAccumulated Deficit Treasury Stock TotalStockholders’ EquitySharesAmountShares Amount Balance as of June 30, 2025388,123,588$388 $1,014,685 $(266,168)(1,365,042)$(1)$748,904 Issuance of common shares, net of offering costs - At-the-market offering6,000,000631,725 - -- 31,731 Delivery of common stock underlying restricted stock units, net of shares settled for tax