Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 240

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 4
Chunk 240
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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 equivalents, and restricted cash 57,119 36,452 Cash, cash equivalents, and restricted cash, beginning of the period$19,977 $86,105 Cash and cash equivalents, and restricted cash, end of the period$77,096 $122,557 

11

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

CIPHER MINING INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - CONTINUED

(in thousands)

(unaudited)

Six Months Ended June 30,20252024Supplemental disclosure of noncash investing and financing activities Bitcoin transferred for rehypothecated collateral $31,720 $-  Bitcoin loan payments $26,987 $-  Bitcoin received as a loan $16,551 $-  Bitcoin received from equity investees $13,857 $5,907  Initial estimate of asset retirement obligation and related capitalized costs $10,743 $-  Bitcoin purchase option $8,820 $-  Reclassification of deposits on equipment to property and equipment $7,480 $13,799  Property and equipment purchases in accounts payable and accrued expenses $3,676 $-  Sales tax accrual on machines placed in service $2,132 $-  Treasury stock reissued for PIPE investment $10 $-  Settlement of related party payable related to master services and supply agreement $- $1,554  Right-of-use asset obtained in exchange for finance lease liability$- $3,414 

The following table