Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 92

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 Change in fair value of warrant liability (31,860)— (31,860)(250) Adjusted earnings (loss)$40,728 $(3,400)$76,769 $56,140 

The following is a reconciliation of our Adjusted Earnings (loss) per share - diluted to the most directly comparable GAAP measure for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Reconciliation of Adjusted Earnings per share - diluted:Net loss per share - diluted$(0.01)$(0.26)$(0.23)$(0.20)Change in fair value of power purchase agreement per diluted share0.03 0.14 0.03 0.07 Share-based compensation expense per diluted share0.02 0.03 0.08 0.10 Depreciation and amortization per diluted share0.15 0.09 0.39 0.21 Deferred income tax (benefit) expense per diluted share— (0.01)— —  Other (losses) gains - nonrecurring per diluted share(0.01)— 0.01 — Change in fair value of warrant liability per diluted share(0.08)— (0.08)— Adjusted earnings (loss) per diluted share$0.10 $(0.01)$0.20 $0.18 

Critical Accounting Policies, and Use of Estimates

For a description of our policies regarding our critical accounting estimates, see "Critical Accounting Policies and Estimates" of Part II, Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our 2024 Form 10-K. As of September 30, 2025, there were no significant changes in our critical accounting policies and estimates or the application or the results of the application of those policies to our unaudited condensed consolidated financial statements from those previously disclosed in our 2024 Form 10-K.

Recent Accounting Pronouncements

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Information regarding recent accounting pronouncements applicable to us, adopted and not yet adopted as of the date of this report, is included in Note 2 to our unaudited condensed consolidated financial statements located in “Part I - Financial Information, Item 1. Financial Statements” in this Quarterly Report.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The following discussion of our