Company: CIFRW
Filing Date: 2025-05-23
Form Type: 424B5
Source: 0001193125-25-125868
Chunk: 2

Company: Cipher Mining Inc.
Filing Date: 2025-05-23
Form: 424B5
Chunk 2
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 | 14 |
| DESCRIPTION OF EXISTING WARRANTS                          |     | 22 |
| DESCRIPTION OF NEW WARRANTS                               |     | 26 |
| DESCRIPTION OF UNITS                                      |     | 27 |
| GLOBAL SECURITIES                                         |     | 28 |
| PLAN OF DISTRIBUTION                                      |     | 32 |
| LEGAL MATTERS                                             |     | 33 |
| EXPERTS                                                   |     | 33 |

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ABOUT THIS PROSPECTUS SUPPLEMENT

This document is in two parts. The first part is this prospectus supplement, which describes the specific terms of this offering and also adds
to and updates information contained in the accompanying prospectus. The second part contains an accompanying base prospectus relating to sales of shares of common stock and other securities by Cipher Mining Inc. and gives more general information,
some of which may not apply to this offering. Generally, when we refer to the “prospectuses,” we are referring to this prospectus supplement and the accompanying base prospectus combined. Unless otherwise indicated, capitalized terms used
but not defined herein have the meaning assigned to them in the registration statement of which this prospectus supplement forms a part. You should read the entire prospectus supplement, as well as the accompanying base prospectus and the documents
incorporated by reference that are described under “Incorporation of Certain Information by Reference” in this prospectus supplement. To the extent that any statement we make in this prospectus supplement is inconsistent with statements
made in the accompanying base prospectus or any documents incorporated by reference herein, you should rely on the information contained in this prospectus supplement, which will be deemed to modify or supersede those made in the accompanying
prospectus or documents incorporated by reference herein or therein.

You should rely only on the information included or incorporated by
reference in this prospectus supplement and the accompanying base prospectus prepared by us or on behalf of us or to which we have referred you. Neither we, the Underwriter nor any of our or their representatives have authorized any other person to
provide you with information different from that included or incorporated by reference in this prospectus supplement and the accompanying base prospectus. If anyone provides you with different or inconsistent information, you should not rely on it.
Neither we nor the Underwriter are making an offer to sell these securities in any jurisdiction where an offer or sale is not permitted. The information in this prospectus supplement, and the information in the accompanying base prospectus or
contained in any