Company: CIFRW
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124285
Chunk: 84

Company: Cipher Mining Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 84
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 (y) the make-whole fundamental change with the later make-whole fundamental change effective date will be deemed not to have occurred.

“Make-whole fundamental change effective date” means (i) with respect to a make-whole fundamental change pursuant to clause (i) of the
definition thereof, the date on which such make-whole fundamental change occurs or becomes effective; and (ii) with respect to a make-whole fundamental change pursuant to clause (ii) of the definition thereof, the applicable
“redemption notice date” (as defined below).

“Market disruption event” means, with respect to any date, the occurrence or existence,
during the one-half hour period ending at the scheduled close of trading on such date on the principal U.S. national or regional securities exchange or other market on which our common stock is listed for
trading or trades, of any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in our common stock or in any options contracts or futures contracts
relating to our common stock.

“Maturity date” means May 15, 2030.

S-54

“Observation period” means, with respect to any note to be converted, (i) subject to clause
(ii) below, if the conversion date for such note occurs on or before February 15, 2030, the 30 consecutive VWAP trading days beginning on, and including, the second VWAP trading day immediately after such conversion date; (ii) if such
conversion date occurs on or after the date we have sent a redemption notice calling all or any notes for redemption and before the related redemption date, the 30 consecutive VWAP trading days beginning on, and including, the 31st scheduled trading
day immediately before such redemption date; and (iii) subject to clause (ii) above, if such conversion date occurs after February 15, 2030, the 30 consecutive VWAP trading days beginning on, and including, the 31st scheduled trading
day immediately before the maturity date.

“Open of business” means 9:00 a.m., New York City time.

“Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust,
unincorporated organization or government or other agency or political subdivision thereof. Any division or series of a limited liability company, limited partnership or trust will constitute a separate “person.”

“Qualified successor entity