Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 336

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 336
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 (loss) income$(45,781)$(15,291)$(84,756)$24,609  Change in fair value of derivative asset 15,480 (21,980)8,150 (29,339) Share-based compensation expense 10,493 13,337 19,625 21,654  Depreciation and amortization 44,086 20,251 87,553 37,495  Deferred income tax (benefit) expense (228)193 (863)5,371  Other losses - nonrecurring6,299 — 6,778 —  Change in fair value of warrant liability — — — (250) Adjusted earnings (loss) $30,349 $(3,490)$36,487 $59,540 

The following is a reconciliation of our Adjusted Earnings (loss) per share - diluted to the most directly comparable GAAP measure for the periods indicated:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Reconciliation of Adjusted Earnings per share - diluted:Net loss per share - diluted$(0.12)$(0.05)$(0.23)$0.08 Change in fair value of derivative asset per diluted share0.03 (0.06)0.02 (0.10)Share-based compensation expense per diluted share0.03 0.04 0.05 0.07 Depreciation and amortization per diluted share0.12 0.06 0.24 0.12 Deferred income tax (benefit) expense per diluted share— — — 0.02 Other losses - nonrecurring per diluted share0.02 — 0.02 — Change in fair value of warrant liability per diluted share— — — — Adjusted earnings (loss) per diluted share$0.08 $(0.01)$0.10 $0.19 

Critical Accounting Policies, and Use of Estimates

For a description of our policies regarding our critical accounting estimates, see "Critical Accounting Policies and Estimates" of Part II, Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our 2024 Form 10-K. During the three months ended June 30, 2025, there were no significant changes in our critical