Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 26

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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-cash lease expense 570 762 Other operating activities- (1,839)Income taxes (863)5,371 Non-cash consideration received for services(91,544)(85,281) Change in fair value of derivative asset 8,150 (29,339) Change in fair value of warrant liability - (250) Change in fair value of bitcoin collateral (5,731)-  Change in fair value of bitcoin loan782 -  Unrealized loss (gains) on fair value of bitcoin 3,035 (19,378) Realized gains on sale of bitcoin (8,557)(4,869) Changes in assets and liabilities:  Accounts receivable (979)336  Receivables, related party 1,841 69  Prepaid expenses and other current assets 4,791 71  Security deposits 5,988 1,609  Other non-current assets (728)(203) Accounts payable (11,440)(47)Accounts payable, related party- (2,745)Accrued expenses and other liabilities(39,047)-  Lease liabilities (537)(417)Net cash used in operating activities(103,455)(51,988)Cash flows from investing activities Proceeds from sale of bitcoin 121,352 10,334  Deposits on equipment (162,378)(35,748) Purchases of property and equipment (55,867)(15,766) Purchases and development of software (735)(698) Investment in equity investees (12,842)(20,435)Net cash used in provided by investing activities(110,470)(62,313)Cash flows from financing activities Proceeds from treasury stock reissued for PIPE investment50,000 -  Proceeds from the issuance of common stock 86,798 163,276  Offering costs paid for the issuance of common stock (1,133)(2,868) Proceeds from issuance of convertible notes, net of issuance costs167,113 -  Repurchase of common shares to pay employee withholding taxes (4,317)(7,237) Principal payments on loan (25,000)-  Principal payments on financing lease (2,417)(2,418)Net cash provided by financing activities271,044 150,753 Net increase in cash, cash