Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 152

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 2
Chunk 152
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 $5.8 million for the finance lease ROU asset. Finance lease ROU assets are recorded within property and equipment, net on the Company’s consolidated balance sheets.As of June 30, 2025, future minimum lease payments during the next five years are as follows (in thousands): Finance Lease Operating Lease Total Remaining Year Ended December 31, 2025$2,417 $3,183 $5,600 Year Ended December 31, 20264,834 2,491 7,325 Year Ended December 31, 20273,223 2,502 5,725 Year Ended December 31, 2028— 2,284 2,284 Year Ended December 31, 2029— 1,111 1,111 Thereafter— 6,668 6,668 Total lease payments10,474 18,239 28,713 Less present value discount(1,193)(5,742)(6,935)Total$9,281 $12,497 $21,778 

22

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

NOTE 13. COMMITMENTS AND CONTINGENCIES 

CommitmentsIn the normal course of business, the Company enters into contracts that contain a variety of indemnifications with its employees, licensors, suppliers and service providers. The Company’s maximum exposure under these arrangements, if any, is unknown as of June 30, 2025.ContingenciesThe Company, and its subsidiaries, are subject at times to various claims, lawsuits and governmental proceedings relating to the Company’s business and transactions arising in the ordinary course of business. The Company cannot predict the final outcome of such proceedings. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Certain of the claims, lawsuits and proceedings arising in the ordinary course of business are covered by the Company’s insurance program. The Company maintains property and various types of liability insurance in an effort to protect the Company from such claims. In terms of any matters where there is no insurance coverage available to the Company, or where coverage is available and the Company maintains a retention or deductible associated with such insurance, the Company may establish an accrual for such loss, retention or deductible based on current available information. In accordance with