{ "docId": "019de077-1d4c-72c8-8e4d-e3a0450d58ef", "docSlug": "3f2447d4a1a30823e70cb784ab0a57df", "documentTitle": "Cipher Mining | Investor Presentation Deck | 23 slides", "authorId": "cipher-mining", "authorName": "Cipher Mining", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-05-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 23, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "other", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de077-1d4c-72c8-8e4d-e3a0450d58ef/2", "deckHref": "/decks/019de077-1d4c-72c8-8e4d-e3a0450d58ef", "deckJsonHref": "/decks/019de077-1d4c-72c8-8e4d-e3a0450d58ef.json", "deckAnchorHref": "/decks/019de077-1d4c-72c8-8e4d-e3a0450d58ef#slide-2", "components": [ { "bbox": { "h": 0.018, "w": 0.58, "x": 0.056, "y": 0.831 }, "kind": "disclaimer", "text": "The contents and appearance of this presentation is copyrighted and the trademarks and service marks are owned by Cipher Mining Inc. All rights reserved.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0b70d8eb-ce33-4fa8-b81a-a8880101b7ed", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.235, "w": 0.888, "x": 0.056, "y": 0.198 }, "kind": "disclaimer", "text": "This communication 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 communication that are not statements of historical fact, including statements about our beliefs and expectations regarding our future results of operations and financial position, business strategy, timing and likelihood of success, potential expansion of bitcoin mining data centers, and management plans and objectives, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” and similar expressions (including the negative versions of such words or expressions).", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3dc4a20c-0f43-421b-8e86-610343004856", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.235, "w": 0.888, "x": 0.056, "y": 0.355 }, "kind": "disclaimer", "text": "These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and our 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 predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: volatility in the price of Cipher's securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, variations in performance across competitors, changes in laws and regulations affecting Cipher's business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the \"Risk Factors\" section of our Annual Report on Form 10-K for the year ended December 31, 2023, and in Cipher's subsequent filings with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "478c0bb9-4321-4096-a672-37194f526c92", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.135, "w": 0.888, "x": 0.056, "y": 0.636 }, "kind": "disclaimer", "text": "We use non-GAAP financial measures to assess and analyze our operational results and trends and to make financial and operational decisions. We believe these non-GAAP financial measures are useful to investors because they provide greater transparency regarding our operating performance. The non-GAAP financial measures included in this presentation should not be considered alternatives to measurements required by GAAP, and should not be considered measures of liquidity. These non-GAAP financial measures are unlikely to be comparable with non-GAAP information provided by other companies. Reconciliation of non-GAAP financial measures and GAAP financial measures are included in the tables accompanying this presentation. Reported results are presented in accordance with GAAP, whereas adjusted results are GAAP results adjusted to exclude the impact of (i) the non-cash change in fair value of derivative asset, (ii) share-based compensation expense, (iii) depreciation and amortization, (iv) deferred income tax expense, (v) nonrecurring gains and losses and (vi) the non-cash change in fair value of warrant liability.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ef567f0a-cf1c-4c98-80f0-423362d2db97", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.018, "w": 0.182, "x": 0.409, "y": 0.596 }, "kind": "title", "text": "Non-GAAP Financial Measures", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0219af9e-8682-4bea-8dc2-68a99d78ff3c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.018, "w": 0.176, "x": 0.412, "y": 0.158 }, "kind": "title", "text": "Forward-Looking Statements", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ae89fba9-9c4a-4441-975e-1262b468858c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }