Company: CIFRW
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001819989-25-000037
Chunk: 181

Company: Cipher Mining Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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 would be to reduce the net loss per common share, or increase the net income per common share.The following is a reconciliation of the numerator and denominator of the diluted earnings (loss) per share computations for the periods indicated below:Three Months Ended March 31,20252024Basic and diluted loss per share:Net (loss) income$(38,975)$39,900 Weighted average shares outstanding - basic360,514,620296,641,499Add:RSUs-7,756,480Weighted average shares outstanding - diluted360,514,620304,397,979Net (loss) income per share - basic and diluted$(0.11)$0.13 The following table presents the common share equivalents that are excluded from the computation of diluted earnings (loss) per common share at March 31, 2025 and 2024, because including them would have been antidilutive.March 31,20252024Public warrants8,613,9808,613,980Unvested RSUs29,298,979— 37,912,9598,613,980Recently adopted accounting pronouncementsIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 seeks to improve transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disclosures. The  

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CIPHER MINING INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

Company adopted this standard on January 1, 2025 and it did not have a significant impact on its condensed consolidated financial statements.Recently issued accounting pronouncementsThe Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change. The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on its condensed consolidated financial statements.

NOTE 3. BITCOIN

The following table presents information about the Company’s bitcoin (in thousands):For the Three Months Ended March 31,20252024Opening balance$92,651 $32