Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 49

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Basic and diluted loss per share:Net loss$(3,283)$(86,754)$(88,039)$(62,145)Weighted average shares outstanding - basic393,191,623332,680,037376,372,526314,820,110Add:RSUs----Weighted average shares outstanding - diluted393,191,623332,680,037376,372,526314,820,110Net loss per share - basic and diluted$(0.01)$(0.26)$(0.23)$(0.20)The following table presents the common share equivalents that are excluded from the computation of diluted earnings (loss) per common share at September 30, 2025 and 2024, because including them would have been antidilutive.September 30,20252024Public warrants8,613,9358,613,980Unvested RSUs25,691,97821,479,801 2030 Note conversion50,438,686—84,744,59930,093,781The 2031 Convertible Notes, described in more detail in Note 14. Debt, and the warrants issued to Google LLC (“Google”) described in more detail in Note 16. Warrants, are excluded from the computation of antidilutive shares as of September 30, 2025 due to the lack of available shares authorized for issuance available for the Company to settle these instruments in shares.Recently adopted accounting pronouncementsIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 seeks to improve transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disclosures. The  Company adopted this standard on January 1, 2025 and it did not have a significant impact on its condensed consolidated financial statements.Recently issued 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 financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change. The Company reviewed all