Company: CIFRW
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124285
Chunk: 107

Company: Cipher Mining Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 107
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 Consideration

In certain situations, the notes may become convertible or exchangeable into shares of another entity that acquires us or other consideration. Furthermore, we
may undertake certain transactions (such as a merger or sale of assets) in connection with a change of control or similar transaction (for example, as described above under “Description of Notes—Consolidation, Merger and Asset Sale”).
Depending on the circumstances, such a change in conversion consideration or such transactions undertaken in connection with a change of control or similar transaction could result in a deemed taxable exchange of your notes, potentially resulting in
the recognition of taxable gain or loss. Furthermore, depending on the circumstances, the U.S. federal income tax consequences of the ownership or conversion or exchange of the notes, and the shares of our common stock or other consideration
received upon a conversion or exchange of the notes, may be different from the U.S. federal income tax consequences addressed in this discussion. For example, if the notes were to become exchangeable into stock of an entity other than the obligor,
such an exchange could be a taxable event in certain circumstances. You are urged to consult your own tax advisor regarding the U.S. federal income tax consequences of any such change in conversion consideration or any such transactions undertaken
in connection with a change of control or similar transaction.

Information Reporting and Backup Withholding

Payments to you of interest and distributions (including deemed distributions) on your notes or common stock, and amounts withheld from such payments, if any,
generally will be required to be reported annually to the IRS and to you. Copies of the information returns reporting such interest and distributions (including deemed distributions) and withholding may also be made available to the tax authorities
in the country in which you reside under the provisions of an applicable income tax treaty. Payments of interest and dividends (including deemed dividends) on your notes generally will not be subject to backup withholding if you establish an
exemption by properly certifying your non-U.S. status on an IRS Form W-8BEN or IRS Form
W-8BEN-E (or other applicable or successor form).

Payments of the
proceeds from a sale or other disposition of a note or our common stock effected by or through a U.S. office of a U.S. or foreign broker generally will be subject to information reporting and backup withholding (at the applicable rate) unless you
establish an exemption by properly certifying your non-U.S. status on an IRS Form W-8BEN or IRS Form
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