Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 289

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 4
Chunk 289
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CIPHER MINING INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

10

Nine Months Ended September 30,20252024Cash flows from operating activitiesNet loss$(88,039)$(62,145)Adjustments to reconcile net loss to net cash used in operating activities: Depreciation 146,503 65,661  Amortization of intangible assets 599 470  Amortization of operating right-of-use asset 1,205 888  Share-based compensation 27,830 31,865  Equity in losses (gains) of equity investees 8,472 (1,008) Loss on disposal of assets 666 -  Non-cash lease expense 817 429 Other operating activities- (1,235)Income taxes (399)1,358 Non-cash consideration received for services(164,131)(109,443)Change in fair value of derivative assets9,921 19,181 Change in fair value of warrant liability (31,860)(250)Change in fair value of bitcoin collateral (5,731)- Change in fair value of bitcoin loan782 - Unrealized loss on fair value of bitcoin 2,927 2,778 Realized gains on sale of bitcoin (16,092)(25,114)Changes in assets and liabilities:  Accounts receivable (100)396  Receivables, related party 1,782 186  Prepaid expenses and other current assets (579)182  Security deposits 7,737 16,851  Other non-current assets (4,350)(210) Accounts payable (13,969)565 Accounts payable, related party- 62 Accrued expenses and other liabilities(36,626)-  Lease liabilities (871)- Net cash used in operating activities(153,506)(58,533)Cash flows from investing activities Proceeds from sale of bitcoin 150,226 79,785  Deposits on equipment (934)(135,262) Purchases of property and equipment (262,035)(92,373) Purchases and development of software (1,143)(1,059) Investment in equity investees (17,568)(29,194) Purchase of strategic contracts- (17,044)Net