Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 100

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 1A
Chunk 100
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 stock reissued for PIPE Investment-- 49,990 - 10,438,41310 50,000 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement4,721,2015 (5,950)- (1,675,624)(1)(5,946)Warrants exercised45- 1 - -- 1 Share-based compensation-- 27,830 - -- 27,830 Net loss-- - (88,039)-- (88,039)Balance as of September 30, 2025395,488,396$395 $1,052,253 $(269,451)(1,885,843)$(2)$783,195 

Nine Months Ended September 30, 2024

Common Stock AdditionalPaid-in Capital Accumulated Deficit Treasury Stock TotalStockholders’ Equity Shares Amount Shares Amount Balance as of December 31, 2023296,276,536$296 $627,822 $(136,777)(5,318,674)$(5)$491,336 Issuance of common shares, net of offering costs - At-the-market offering52,825,75853 221,642 - -- 221,695 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement6,668,9447 (10,764)- (2,652,378)(3)(10,760)Share-based compensation-- 31,865 - -- 31,865 Net income-- - (62,145)-- (62,145)Balance as of September 30, 2024355,771,238$356 $870,565 $(198,922)(7,971,052)$(8)$671,991 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

9

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