Company: CIFRW
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001819989-25-000037
Chunk: 98

Company: Cipher Mining Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part II, Item 2
Chunk 98
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 in) operating activities: Depreciation 43,277 17,097  Amortization of intangible assets 189 147  Amortization of operating right-of-use asset 369 254  Share-based compensation 9,132 8,317  Equity in losses (gains) of equity investees 5,292 (738) Loss on disposal of assets 633 -  Non-cash lease expense - 392 Other operating activities- 1,958 Income taxes 144 5,564 Non-cash consideration received for services(48,797)(48,079) Change in fair value of derivative asset (7,330)(7,359) Change in fair value of warrant liability - (250) Change in fair value of bitcoin collateral 2,755 -  Change in fair value of bitcoin loan(1,046)-  Unrealized loss (gains) on fair value of bitcoin 20,178 (40,556) Realized gains on sale of bitcoin (12,196)-  Changes in assets and liabilities:  Accounts receivable (162)(58) Receivables, related party 1,790 (185) Prepaid expenses and other current assets 418 760  Security deposits 7 -  Other non-current assets (737)-  Accounts payable (8,745)2,540  Accrued expenses and other current liabilities (13,179)(6,123) Lease liabilities (255)(217)Net cash used in operating activities(47,238)(26,636)Cash flows from investing activities Proceeds from sale of bitcoin 90,005 -  Deposits on equipment (75,105)(4,536) Purchases of property and equipment (24,570)(7,902) Purchases and development of software (352)(200)Investment in equity investees(7,276)(18,319)Net cash used in provided by investing activities(17,298)(30,957)Cash flows from financing activities Proceeds from treasury stock reissued for PIPE investment50,000 -  Proceeds from the issuance of common stock 34,524 66,171  Offering costs paid for the issuance of common stock (345)(1,623) Repurchase of common shares to pay employee withholding taxes