Company: CIFRW
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124285
Chunk: 69

Company: Cipher Mining Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 69
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44

Notwithstanding anything to the contrary above, the provisions described above will not apply to any transfer of assets (other than by merger or consolidation) between or among us and any one or more of our “wholly owned subsidiaries” (as defined below under the caption “—Definitions”). The definition of “business combination event” includes a reference to “all or substantially all” of our and our subsidiaries’ assets. There is no precise, established definition of the phrase “all or substantially all” under applicable law. Accordingly, there may be uncertainty as to whether the provisions described above would apply to a sale, lease or transfer of less than all of our and our subsidiaries’ assets. Events of Default For purposes of the notes, the description below under this section titled “—Events of Default” supersedes, in its entirety, the information in the accompanying prospectus under the caption “Description of Debt Securities—Events of Default.” Generally An “event of default” means the occurrence of any of the following:

| (1) | a default in the payment when due (whether at maturity, upon redemption, repurchase upon fundamental change or                                                  
 optional repurchase or otherwise) of the principal of, or the redemption price, fundamental change repurchase price or optional repurchase price for, any note; |

| (2) | a default for 30 consecutive days in the payment when due of interest on any note; |

| (3) | our failure to deliver, when required by the indenture, a notice of optional repurchase pursuant to the                                                                                                                              
 provisions described above under the caption “—Purchase of Notes by Us at the Option of the Noteholders—Notice of Optional Repurchase,” a fundamental change notice or a notice pursuant to the provisions described above under the 
 caption “—Conversion Rights—When the Notes May Be Converted—Conversion Upon Specified Corporate Events” if (in the case of any notice other than a notice pursuant to the provisions described above under the caption               
 “—Conversion Rights—When the Notes May Be Converted—Conversion Upon Specified Corporate Events”) such failure is not cured within five business days after its occurrence;                                                           |

| (4) | a default in our obligation to convert a note in accordance with the indenture upon the exercise of the    
 conversion right with respect thereto, if such default is not cured within five days after its occurrence; |

| (5) | a default in our obligations described above under the caption “—Consolidation, Merger and Asset 
 Sale”;