Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 27

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 equivalents, and restricted cash 57,119 36,452 Cash, cash equivalents, and restricted cash, beginning of the period$19,977 $86,105 Cash and cash equivalents, and restricted cash, end of the period$77,096 $122,557 

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

CIPHER MINING INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - CONTINUED

(in thousands)

(unaudited)

Six Months Ended June 30,20252024Supplemental disclosure of noncash investing and financing activities Bitcoin transferred for rehypothecated collateral $31,720 $-  Bitcoin loan payments $26,987 $-  Bitcoin received as a loan $16,551 $-  Bitcoin received from equity investees $13,857 $5,907  Initial estimate of asset retirement obligation and related capitalized costs $10,743 $-  Bitcoin purchase option $8,820 $-  Reclassification of deposits on equipment to property and equipment $7,480 $13,799  Property and equipment purchases in accounts payable and accrued expenses $3,676 $-  Sales tax accrual on machines placed in service $2,132 $-  Treasury stock reissued for PIPE investment $10 $-  Settlement of related party payable related to master services and supply agreement $- $1,554  Right-of-use asset obtained in exchange for finance lease liability$- $3,414 

The following table provides a reconciliation of Cash and cash equivalents together with Restricted cash as reported within the Consolidated Balance Sheets to the sum of the same such amounts shown in the Consolidated Statements of Cash Flows.

June 30,20252024Cash and cash equivalents$62,704 $122,557 Restricted cash14,392 - Total cash, cash equivalents, and restricted cash shown in the statement of cash flows$77,096 $122,557 

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

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

NOTE 1. ORGANIZATION

Nature of operationsCipher Mining Inc. (“Cipher” or the “Company”) is focused on the development and operation of industrial-scale data