Cipher Mining Inc. — Director's Dealing 2022

Jun 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cipher Mining Inc. (CIFR)
CIK: 0001819989
Period of Report: 2022-06-16

Reporting Person: Bitfury Top HoldCo B.V. (10% Owner)
Reporting Person: V3 Holding Ltd (10% Owner)
Reporting Person: Bitfury Holding B.V. (10% Owner)
Reporting Person: Vavilovs Valerijis (10% Owner)
Reporting Person: Bitfury Group Ltd (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-16	Common Stock	J	1178440	$1.89	Disposed	201931387	Indirect

Footnotes

F1: Reflects the transfer by the reporting persons, through a series of direct and indirect distributions and transfers, of 1,178,440 shares of common stock, par value $0.001 per share, of Cipher Mining Inc. ("Common Stock"), initially held by Bitfury Holding B.V. ("Bitfury Holding"), to unaffiliated transferees, based on a price equal to $1.89 per share of Common Stock, in partial satisfaction of certain debt owed to such transferees.

F2: Bitfury Holding is the record holder of 4,821,560 shares of Common Stock. Bitfury Top HoldCo B.V. ("Bitfury Top HoldCo") is the record holder of 197,109,827 shares of Common Stock and is the sole owner of Bitfury Holding. As a result, Bitfury Top HoldCo may be deemed to share beneficial ownership of the shares of Common Stock held by Bitfury Holding. Valerijs Vavilovs is the sole owner of V3 Holding Limited ("V3"), which is the majority owner of Bitfury Group Limited ("BGL"). BGL is the sole owner of Bitfury Top HoldCo. As a result of the foregoing relationships, each of Mr. Vavilovs, V3 and BGL may be deemed to share beneficial ownership of the Common Stock beneficially owned by Bitfury Top HoldCo.