Company: CIFRW
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124285
Chunk: 50

Company: Cipher Mining Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 50
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 and the provisions described above under the caption “—When the Notes May Be Converted—Conversion Upon Specified Corporate Events—Certain Distributions,” in determining whether any rights, options or warrants entitle holders of our common stock to subscribe for or purchase shares of our common stock at a price per share that is less than the average of the last reported sale prices per share of our common stock for the 10 consecutive trading days ending on, and including, the trading day immediately before the date the distribution of such rights, options or warrants is announced, and in determining the aggregate price payable to exercise such rights, options or warrants, there will be taken into account any consideration we receive for such rights, options or warrants and any amount payable on exercise thereof, with the value of such consideration, if not cash, to be determined by us in good faith and in a commercially reasonable manner.

| (3) | Spin-Offs and Other Distributed Property. |

| (a) | Distributions Other Than Spin-Offs. If we distribute shares of our “capital stock” (as defined                                                                                                                                          
 below under the caption “—Definitions”), evidences of our indebtedness or other assets or property of ours, or rights, options or warrants to acquire our capital stock or other securities, to all or substantially all holders of our 
 common stock, excluding:                                                                                                                                                                                                                |

| • |     | dividends, distributions, rights, options or warrants for which an adjustment to the conversion rate is required                                                         
 (or would be required without regard to the “deferral exception” (as defined below under the caption “—The Deferral Exception”)) pursuant to paragraph (1) or (2) above; |

| • |     | dividends or distributions paid exclusively in cash for which an adjustment to the conversion rate is required 
 (or would be required without regard to the deferral exception) pursuant to paragraph (4) below;               |

| • |     | rights issued or otherwise distributed pursuant to a stockholder rights plan, except to the extent provided below 
 under the caption “—Stockholder Rights Plans”;                                                                    |

| • |     | spin-offs for which an adjustment to the conversion rate is required (or would be required without regard to the 
 deferral exception) pursuant to paragraph (3)(b) below;                                                          |

| • |     | a distribution solely pursuant to a tender offer or exchange offer for shares of our common stock, as to which 
 the provisions described below in paragraph (5) will apply; and                                                |

| •