Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 142

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 2
Chunk 142
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 Months Ended June 30,Six Months Ended June 30,2025202420252024Basic and diluted loss per share:Net (loss) income$(45,781)$(15,291)$(84,756)$24,609 Weighted average shares outstanding - basic375,052,248314,353,742367,823,593305,497,621Add:RSUs---11,154,679Weighted average shares outstanding - diluted375,052,248314,353,742367,823,593316,652,300Net (loss) income per share - basic and diluted$(0.12)$(0.05)$(0.23)$0.08 

15

CIPHER MINING INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

The following table presents the common share equivalents that are excluded from the computation of diluted earnings (loss) per common share at June 30, 2025 and 2024, because including them would have been antidilutive.June 30,20252024Public warrants8,613,9808,613,980Unvested RSUs27,056,741— Note Conversion50,438,686086,109,4078,613,980Recently 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 other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on its condensed consolidated financial statements.

NOTE 3. BITCOIN

The following table presents information about the Company’s bitcoin (in thousands):For the Six Months Ended June 30,