Company: CIFRW
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124285
Chunk: 7

Company: Cipher Mining Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 7
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 critical and specialized equipment, and rely on components and raw materials that may be subject to price fluctuations or shortages, including application-specific integrated circuit chips that have been subject to periods of significant 
 shortage and high innovation pace.                                                                                                                                                                                                                    |

| • |     | We may be affected by price fluctuations in the wholesale and retail power markets. |

| • |     | We are vulnerable to severe weather conditions and natural disasters, including severe heat, winter weather                                                                                                                                       
 events, earthquakes, fires, floods, hurricanes, as well as power outages and other industrial incidents or mechanical failures, which could severely disrupt the normal operation of our business and adversely affect our results of operations. |

| • |     | Bitcoin miners and other necessary hardware are subject to malfunction, technological obsolescence and physical 
 degradation.                                                                                                    |

| • |     | If we or our third-party providers fail to protect confidential information and/or experience cybersecurity                                                                                                                                      
 incidents, such as cyber-attacks, data breaches, hacking attacks or malware, there may be disruptions to our operations, triggering significant liability for us, which could harm our operating results and financial condition, and damage our 
 reputation or otherwise materially harm our business.                                                                                                                                                                                            |

| • |     | The value of bitcoin has historically been subject to wide swings, and our operating results may be adversely 
 affected by our hedging activity.                                                                             |

| • |     | There is a potential that, in the event of a bankruptcy filing by a custodian, bitcoin held in custody could be   
 determined to be property of a bankruptcy estate and we could be considered a general unsecured creditor thereof. |

| • |     | Regulatory changes or actions may restrict the use of bitcoin in a manner that adversely affects our business, 
 prospects or operations.                                                                                       |

| • |     | Our sources of revenue are dependent on bitcoin and the bitcoin ecosystem, which can be highly volatile. |

| • |     | Any potential use of emerging technologies like artificial intelligence, machine learning and generative      
 artificial intelligence could lead to unintended consequences and result in reputational harm and litigation. |

| • |     | We have identified a material weakness in our internal control over financial reporting which, if not timely                                                                                                                  
 remediated, may adversely affect the accuracy and reliability of our future financial statements, and our reputation, business and the price of our common stock, as well as may lead to a loss of investor confidence in us. |

| • |     | Our expected use of proceeds from this offering. |

All forward-looking statements speak only