Cipher Mining INC. 8-K Filing

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share CIFR The Nasdaq Stock Mar
• $11.50 — of Common Stock at an exercise price of $11.50 per whole share CIFRW The Nasdaq St
• $0.01 — ommon Stock"), for an exercise price of $0.01 per share of Common Stock. If, on the b
• $430 million — Warrant Shares did not equal or exceed $430 million (the "Top-Up Threshold"), the Company w
• $435 million — shold was adjusted from $430 million to $435 million. The descriptions of the A&R Recogniti
• $333,000,000 — iary of Company, intends to offer up to $333,000,000 aggregate principal amount of 7.125% se
• $1,400,000,000 — will be part of the same series as the $1,400,000,000 aggregate principal amount of 7.125% se

Filing Documents

• dp237633_8k.htm (8-K) — 42KB
• dp237633_ex0401.htm (EX-4.1) — 112KB
• dp237633_ex1001.htm (EX-10.1) — 90KB
• dp237633_ex9901.htm (EX-99.1) — 24KB
• dp237633_ex9902.htm (EX-99.2) — 16KB
• dp237633_ex9903.htm (EX-99.3) — 12KB
• image_010.jpg (GRAPHIC) — 87KB
• image_011.jpg (GRAPHIC) — 202KB
• image_012.jpg (GRAPHIC) — 510KB
• 0000950103-25-015073.txt ( ) — 1678KB
• cifr-20251120.xsd (EX-101.SCH) — 4KB
• cifr-20251120_def.xml (EX-101.DEF) — 26KB
• cifr-20251120_lab.xml (EX-101.LAB) — 36KB
• cifr-20251120_pre.xml (EX-101.PRE) — 25KB
• dp237633_8k_htm.xml (XML) — 6KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 20, 2025, Cipher Barber Lake LLC ("Cipher Barber Lake"), a wholly owned indirect subsidiary of Cipher Mining Inc. (the "Company"), entered into an Amended and Restated Recognition Agreement (the "A&R Recognition Agreement"), which amends the previously announced Recognition Agreement (the "Original Recognition Agreement"), dated as of September 24, 2025, among Cipher Baker Lake, Fluidstack USA II Inc. ("Fluidstack") and Google LLC ("Google"). The A&R Recognition Agreement was entered into in connection with an amendment and restatement to the previously announced Datacenter Lease (the "Original Fluidstack Lease" and, as amended and restated, the "A&R Fluidstack Lease") by and between Cipher Barber Lake and Fluidstack USA II Inc. ("Fluidstack"), dated as of September 24, 2025, which provides for the development of a data center facility on, and lease to Fluidstack of, Cipher Barber Lake's facility located in Colorado City, Texas (the "Barber Lake Facility") on the terms and subject to the conditions contained therein. Under the Original Fluidstack Lease, Fluidstack was entitled to 168 megawatts (MW) of critical IT load for high-performance computing data center operations. The A&R Fluidstack Lease entitles Fluidstack to an additional 39 MW of critical IT load in a second phase of development ("Phase II"). The Company continues to expect to complete phase I of the development and construction of the Barber Lake Facility ("Phase I") and to deliver Phase I to Fluidstack by September 2026. Phase II of the development is expected to be completed and delivered to Fluidstack by January 2027. Fluidstack's obligations to pay rent under the A&R Fluidstack Lease begin on the commencement date of operations for the applicable phase, and will continue for a 10-year term from commencement date of operations for Phase I. Under the terms of the A&R Recognition Agreement, Cipher Barber Lake, Fluidstack and Google

01. Regulation FD

Item 7.01. Regulation FD. On November 20, 2025, the Company issued a press release announcing the A&R Recognition Agreement, the A&R Warrant Agreement and the A&R Fluidstack Lease. A copy of the press release is furnished hereto as Exhibit 99.1. Additionally, attached as Exhibit 99.2 to this Current Report is certain illustrative financial information concerning the Barber Lake Facility. The information contained in Item 7.01 of this Report (as well as in Exhibits 99.1 and 99.2 attached hereto) is furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.

01. Other Events

Item 8.01. Other Events On November 20, 2025, the Company issued a press release to announce that Cipher Compute LLC (the "Issuer"), a wholly-owned indirect subsidiary of Company, intends to offer up to $333,000,000 aggregate principal amount of 7.125% senior secured notes due 2030 of the Issuer (the "Notes") in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons outside of the United States pursuant to Regulation S under the Securities Act (the "Offering"). The Notes will be part of the same series as the $1,400,000,000 aggregate principal amount of 7.125% senior secured notes due 2030 (the "Initial Notes") issued by the Issuer pursuant to the indenture, dated as of November 13, 2025, by and among the Issuer, Cipher Songbird LLC ("Cipher Songbird"), Cipher Barber Lake and Wilmington Trust, National Association, as trustee and collateral agent. The Notes will have identical terms and conditions (other than the original issue date and issue price) as the Initial Notes. Cipher Compute intends to use the net proceeds from the sale of the Notes to finance a portion of the construction cost of phase II. The Notes will be fully and unconditionally guaranteed by Cipher Barber Lake and will be secured by first-priority liens on (i) substantially all assets of the Issuer and Cipher Barber Lake, other than certain excluded property, (ii) all equity interests of the Issuer held by Cipher Songbird, (iii) if and when established by Fluidstack, a designated lockbox account of Fluidstack, and (iv) prior to the completion of the initial construction phase of the Barber Lake Facility, a pledge by Google of the warrants to purchase the Warrant Shares. A copy of the press release announcing the Offering is filed hereto as Exhibit 99.3 The information included in this Current Report is neither an offer to sell nor a solicitation of an offer to buy any securities.

01. Financial Statements and

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Amended and Restated Warrant Agreement, by and among Cipher Mining Inc. and Google LLC, dated November 20, 2025. 10.1* Amended and Restated Recognition Agreement, by and among Cipher Barber Lake LLC, Fluidstack USA II Inc. and Google LLC, dated November 20, 2025. 99.1 Press release issued by Cipher Mining Inc., dated November 20, 2025. 99.2 Illustrative Financial Information of the Barber Lake Facility. 99.3 Press release issued by Cipher Mining Inc., dated November 20, 2025, relating to the Offering of the Notes. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Pursuant to Item 601(a)(5) of Regulation S-K, certain schedules and similar attachments have been omitted. The registrant hereby agrees to furnish a copy of any omitted schedule or similar attachment to the U.S. Securities and Exchange Commission upon request.

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this Current Report on Form 8-K that are not statements of historical fact, such as statements about the Company's beliefs and expectations regarding its planned business model and strategy, the proposed offering of the Notes, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and operation of data centers, expectations regarding the operations of data centers, such as projected hashrate, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words "may," "will," "should," "expects," "plans," "anticipates," "could," "seeks," "intends," "targets," "projects," "contemplates," "believes," "estimates," "strategy," "future," "forecasts," "opportunity," "predicts," "potential," "would," "will likely result," "continue," and similar expressions (including the negative versions of such words or expressions). These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predi

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Date: November 20, 2025 CIPHER MINING INC. By: /s/ Will Iwaschuk Name: Will Iwaschuk Title: Co-President & Chief Legal Officer

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