Cipher Mining Investor Presentation Deck

Milestones and Updates 1 2 3 Bitcoin Production New Joint Venture New PPA Source: Cipher Mining management On February 24, 2022, Cipher Mining began mining bitcoin at Alborz data center 100% of power to Alborz supplied by wind Non-binding term sheet for new joint venture with private investor group for ~80 MW site (41 MW to Cipher) available in 2H 2022 Non-binding term sheet with Luminant (Vistra) for ~200 MW site with 15-year PPA beginning June 30, 2023, connected to a renewable energy source (solar) 4

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