Company: CIFRW
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124285
Chunk: 123

Company: Cipher Mining Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 123
---
 other offering or marketing material relating to the notes may be publicly distributed or otherwise made publicly available
in Switzerland.

S-78

Israel

This document does not constitute a prospectus under the Israeli Securities Law, 5728-1968, or the
Securities Law, and has not been filed with or approved by the Israel Securities Authority. In Israel, this prospectus is being distributed only to, and is directed only at, and any offer of the notes is directed only at, (i) a limited number
of persons in accordance with the Israeli Securities Law and (ii) investors listed in the first addendum, or the Addendum, to the Israeli Securities Law, consisting primarily of joint investment in trust funds, provident funds, insurance
companies, banks, portfolio managers, investment advisors, members of the Tel Aviv Stock Exchange, underwriters, venture capital funds, entities with equity in excess of NIS 50 million and “qualified individuals,” each as defined in
the Addendum (as it may be amended from time to time), collectively referred to as qualified investors (in each case, purchasing for their own account or, where permitted under the Addendum, for the accounts of their clients who are investors listed
in the Addendum). Qualified investors are required to submit written confirmation that they fall within the scope of the Addendum, are aware of the meaning of same and agree to it.

S-79

Legal Matters

Certain legal matters relating to the offering will be passed upon for us by Sidley Austin LLP, London, United Kingdom. Certain legal matters
relating to the offering will be passed upon for the underwriters by Latham
& Watkins LLP, New York, New York.

Experts

The consolidated financial statements of Cipher Mining Inc. as of December 31, 2024 and 2023, and for each of the two years in the period
ended December 31, 2024, incorporated by reference in this prospectus, and the effectiveness of Cipher Mining Inc.’s internal control over financial reporting as of December 31, 2024 have been audited by Marcum LLP, as stated in their
reports dated February 25, 2025. Such consolidated financial statements are incorporated by reference in reliance upon the report of such firm given their authority as experts in accounting and auditing. Marcum LLP’s report on the
effectiveness of internal control over financial reporting expresses an adverse opinion on the effectiveness of the Company’s internal control over financial reporting as of December 31,