Company: CIFRW
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001819989-25-000112
Chunk: 40

Company: Cipher Mining Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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, net of shares settled for tax withholding settlement1,364,7631(2,970)- (520,801)(1)(2,970)Warrants exercised45-1 - -- 1 Share-based compensation--8,812 - -- 8,812 Net loss--- (3,283)-- (3,283)Balance as of September 30, 2025395,488,396$395 $1,052,253 $(269,451)(1,885,843)$(2)$783,195 

Three Months Ended September 30, 2024

Common Stock AdditionalPaid-in Capital Accumulated Deficit Treasury Stock TotalStockholders’ EquityShares Amount Shares Amount Balance as of June 30, 2024335,557,872$336 $802,610 $(112,168)(6,941,446)$(7)$690,771 Issuance of common shares, net of offering costs - At-the-market offering17,953,37818 61,273 - -- 61,291 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement2,259,9882 (3,529)- (1,029,606)(1)(3,528)Share-based compensation-- 10,211 - -- 10,211 Net loss-- - (86,754)-- (86,754)Balance as of September 30, 2024355,771,238$356 $870,565 $(198,922)(7,971,052)$(8)$671,991 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

8

CIPHER MINING INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

(in thousands, except for share amounts)

(unaudited)

Nine Months Ended September 30, 2025

Common StockAdditionalPaid-in Capital Accumulated Deficit Treasury Stock TotalStockholders’ Equity SharesAmountShares Amount Balance as of December 31, 2024361,432,449$361 $863,015 $(181,412)(10,648,632)$(11)$681,953 Issuance of common shares, net of offering costs - At-the-market offering29,334,70129 117,367 - --