Cipher Mining Investor Presentation Deck

Consolidated Statement of Cash Flows Source: Cipher Mining management Cash flows from operating activities Net loss Adjustments to reconcile net loss to net cash used in operating activities: Depreciation Change in fair value of warrant liability Share-based compensation Changes in assets and liabilities: Prepaid expenses Security deposits Accounts payable Accrued expenses Net cash used in operating activities Cash flows from investing activities Deposits on equipment Purchases of property and equipment Payments for deferred investment costs Net cash used in investing activities Cash flows from financing activities Proceeds from borrowings on related party loan Repayments under related party loan Proceeds from the issuance of common stock Business Combination, net of issuance costs paid. Repurchase of common shares to pay employee withholding taxes Net cash provided by financing activities Net increase in cash and cash equivalents Cash and cash equivalents, beginning of the period Cash and cash equivalents, end of the period Supplemental disclosure of cash flow information Cash paid for interest Cash paid for income taxes, net Supplemental disclosure of noncash investing and financing activities Property and equipment purchases in accounts payable Net assets assumed from GWAC in the Business Combination Non-cash fair value of private warrants Deferred offering costs included in accrued expenses $ $ LA LA LA LA $ $ Eleven Months Ended December 31, 2021 (72,152,564) $ 4,867 (21,828) 63,765,473 (13,385,639) (10,352,306) 221,775 254,289 (31,665,933) (114,856,314) (5,109,426) (174,250) (120,139,990) 7,038,038 (7,038,038) 5 384,893,088 (23,245,913) 361,647,180 209,841,257 For the period January 7, 2021 (inception) through January 31, 2021 209,841,257 $ 26.912 $ $ 18,070 $ 433,186 $ 261,060 $ 69 69 69 69 $ (3,480) 5 277 3.198 1,642 171.450 21

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