{
  "docId": "019de076-2836-77ba-b04e-5fb2b948906d",
  "docSlug": "a6278a44b8ffab6c9f5e80480340f15c",
  "documentTitle": "Cipher Mining | Investor Presentation Deck | 17 slides",
  "authorId": "cipher-mining",
  "authorName": "Cipher Mining",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 3,
  "pageCount": 17,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "traction",
  "function": "show_traction",
  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": "The slide uses a two-column layout to contrast static operational metrics with recent strategic updates.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-2836-77ba-b04e-5fb2b948906d/3",
  "deckHref": "/decks/019de076-2836-77ba-b04e-5fb2b948906d",
  "deckJsonHref": "/decks/019de076-2836-77ba-b04e-5fb2b948906d.json",
  "deckAnchorHref": "/decks/019de076-2836-77ba-b04e-5fb2b948906d#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.45,
        "x": 0.48,
        "y": 0.38
      },
      "kind": "list",
      "text": "Signed agreement to acquire a Texas-based greenfield site with a conditional ERCOT interconnection approval for up to 300 MW, called “Black Pearl”",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "784fee71-8293-45a2-8369-7081f3822fad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.45,
        "x": 0.48,
        "y": 0.74
      },
      "kind": "list",
      "text": "Continued progress on grid connection at Alborz data center, expected 1H 2024",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f0c7e25-404e-4393-b774-125dcf3f6b66",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.45,
        "x": 0.48,
        "y": 0.61
      },
      "kind": "list",
      "text": "Purchased 1.2 EH/s of Bitmain’s newest generation S21 rigs for $14/TH",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fd3f3186-5706-4e72-ad76-0d14baeb84ff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.1,
        "x": 0.06,
        "y": 0.38
      },
      "kind": "metric",
      "text": "~2.7c",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28355804-9d98-4bcf-8136-7e7a380041f9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.1,
        "x": 0.25,
        "y": 0.38
      },
      "kind": "metric",
      "text": "~96%",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6b00d137-0230-4da8-9170-7b0283295231",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.1,
        "x": 0.25,
        "y": 0.72
      },
      "kind": "metric",
      "text": "33",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dbab5250-16cf-4355-a22d-9c086f500a99",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.15,
        "x": 0.06,
        "y": 0.72
      },
      "kind": "metric",
      "text": "7.2 EH/s",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e8357c86-386a-4d36-9a0b-1cada1b4f2ac",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.05,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "(1) Represents the expected weighted average power price at Cipher's current sites",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e17e82e9-164f-4852-b452-8f4d9d7145e2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.15,
        "x": 0.25,
        "y": 0.45
      },
      "kind": "subtitle",
      "text": "of Portfolio Energized Through Fixed Price Power",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3223a800-f388-4b9c-af3c-64925ea894e9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.15,
        "x": 0.06,
        "y": 0.45
      },
      "kind": "subtitle",
      "text": "Anticipated Weighted Average Power Price (c/kWh)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7618febb-5aa3-43a5-8db6-3a90eb6a0e0c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.25,
        "y": 0.8
      },
      "kind": "subtitle",
      "text": "Cipher Employees",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bab6669a-c4ed-4e04-baca-cf0b240396de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.06,
        "y": 0.8
      },
      "kind": "subtitle",
      "text": "Self-Mining Hash Rate",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f717dbac-43f0-4b51-88d1-e5854355ca0d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Positioned to Win – Growing Through the Cycle",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "13174de9-b7a3-42fb-94ad-8392d4d46ef4",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "62ec5f80-aaa1-4909-9115-fbee34ecfb34",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Need",
      "beatSlug": "monroes-sequence-need",
      "evidence": "Positioned to Win – Growing Through the Cycle, Key Indicators",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 5,
      "from": 3,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "b8035eca-f208-47e0-8f27-102df242fef6",
      "evidence": "Growing Through the Cycle",
      "position": 0,
      "objective": "Highlighting growth potential",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}