Company: CIFRW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001819989-25-000081
Chunk: 77

Company: Cipher Mining Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 1A
Chunk 77
---
52,979)(175,855)(54,330)Operating (loss) income(45,243)(16,171)(83,331)30,615 Other income (expense)Interest income296 1,053 486 1,839 Interest expense(1,137)(372)(1,914)(772)Change in fair value of warrant liability- - - 250 Other income (expense)1,220 727 1,064 (1,231)Total other income (expense)379 1,408 (364)86 (Loss) income before taxes(44,864)(14,763)(83,695)30,701 Current income tax expense(1,145)(335)(1,924)(721)Deferred income tax benefit (expense)228 (193)863 (5,371)Total income tax expense(917)(528)(1,061)(6,092)Net (loss) income$(45,781)$(15,291)$(84,756)$24,609 (Loss) income per share - basic and diluted$(0.12)$(0.05)$(0.23)$0.08 Weighted average shares outstanding - basic375,052,248314,353,742367,823,593305,497,621Weighted average shares outstanding - diluted375,052,248314,353,742367,823,593316,652,300

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

7

CIPHER MINING INC.

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

(in thousands, except for share amounts)

(unaudited)

Three Months Ended June 30, 2025

Common StockAdditionalPaid-in CapitalAccumulated Deficit Treasury Stock TotalStockholders’ EquitySharesAmountShares Amount Balance as of March 31, 2025371,313,598$371 $954,812 $(220,387)(455,899)$(1)$734,795 Issuance of common shares, net of offering costs - At-the-market offering14,185,2541451,472 - -- 51,486 Delivery of common stock underlying restricted stock units, net of shares settled for tax withholding settlement2,624,7363(3,175)- (909,143)(1)(3,173)