Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 25

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
4 (4,319)- (1,154,823)(1)(4,316)Share-based compensation-- 20,358 - -- 20,358 Net loss-- - (84,756)-- (84,756)Balance as of June 30, 2025388,123,588$388 $1,014,686 $(266,168)(1,365,042)$(2)$748,904 

Six Months Ended June 30, 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 offering34,872,38035 160,369 - -- 160,404 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement4,408,9565 (7,235)- (1,622,772)(2)(7,232)Share-based compensation-- 21,654 - -- 21,654 Net income-- - 24,609 -- 24,609 Balance as of June 30, 2024335,557,872$336 $802,610 $(112,168)(6,941,446)$(7)$690,771 

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

9

CIPHER MINING INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

10

Six Months Ended June 30,20252024Cash flows from operating activitiesNet (loss) income$(84,756)$24,609 Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: Depreciation 87,166 37,192  Amortization of intangible assets 388 303  Amortization of operating right-of-use asset 765 565  Share-based compensation 19,625 21,654  Equity in losses (gains) of equity investees 6,993 (161) Loss on disposal of assets 633 -  Non