Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 183

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 3
Chunk 183
---
OLDERS’ EQUITY (DEFICIT)

(in thousands, except for share amounts)

(unaudited)

Six Months Ended June 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 offering23,334,70123 85,642 - -- 85,665 Treasury stock reissued for PIPE Investment— - 49,990 - 10,438,41310 50,000 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement3,356,4384 (4,319)- (1,154,823)(1)(4,316)Share-based compensation-- 20,358 - -- 20,358 Net loss-- - (84,756)-- (84,756)Balance as of June 30, 2025388,123,588$388 $1,014,686 $(266,168)(1,365,042)$(2)$748,904 

Six Months Ended June 30, 2024

Common Stock AdditionalPaid-in Capital Accumulated Deficit Treasury Stock TotalStockholders’ Equity Shares Amount Shares Amount Balance as of December 31, 2023296,276,536$296 $627,822 $(136,777)(5,318,674)$(5)$491,336 Issuance of common shares, net of offering costs - At-the-market offering34,872,38035 160,369 - -- 160,404 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement4,408,9565 (7,235)- (1,622,772)(2)(7,232)Share-based compensation-- 21,654 - -- 21,654 Net income-- - 24,609 -- 24,609 Balance as of June 30, 2024335,557,872$336 $802,610 $(112,168)(6,941,446)$(7)$690,771 

The accompanying notes are an