Company: CIFRW
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001819989-25-000027
Chunk: 36

Company: Cipher Mining Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 36
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<div align='center'>23</div>

#### Elements of Our Executive Compensation Program

#### Base Salary
The named executive officers receive a base salary to compensate them for services rendered to our company. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities.

The base salaries for each of our named executive officers for fiscal year 2024 remained the same as the base salaries in effect for fiscal year 2023, which were as follows: Mr. Page—$825,000; and Messrs. Farrell, Kelly and Iwaschuk—$525,000.

The actual salaries paid to each named executive officer for fiscal year 2024 are set forth in the “Summary Compensation Table” above in the column titled “Salary.”

#### 2024 Bonuses
Each of our named executive officers is eligible to earn a discretionary cash bonus pursuant to the named executive officer’s respective employment agreement.

2024 Annual Performance Cash Bonuses

In December 2023, the Compensation Committee, based upon recommendations from management and the analysis and advice obtained from Pay Governance, established the following annual target bonuses for fiscal year 2024:

• For Mr. Page, a target bonus of 100% of base salary and in the event the Compensation Committee believes the Company and executive’s performance warrant, the bonus can be increased to up to 200% of base salary, at the discretion of the Committee; and

• For Messrs. Farrell, Kelly and Iwaschuk, a target bonus of 75% of base salary and in the event the Compensation Committee believes the Company and executive’s performance warrant, the bonus can be increased to up to 150% of base salary, at the discretion of the Committee.

After considering the Company’s 2024 performance and that of each named executive officer, including the achievement of corporate and operational milestones, the growth of the Company’s hash rate, successful acquisitions of significant new sites for expansion of the Company’s data center operations, careful management of the Company’s capital strategy, and individual leadership achievements, the Compensation Committee approved the following bonuses to the named executive officers for 2024: Mr. Page, a bonus payout of 200% of base salary; and each of Messrs. Farrell, Kelly and Iwaschuk, a bonus payout of 150% of base salary.

The actual bonuses paid to each named executive officer for fiscal year 2024 are set forth in the “Summary Compensation Table” above