Cipher Mining Investor Presentation Deck
Cipher Mining Overview
Cipher Mining
Summary
• U.S. large scale bitcoin miner with key competitive advantages in power, equipment and operations
Commenced mining operations in February 2022, with significant build-out plans for 2022 and 2023
• Positioned to withstand cyclicality in bitcoin mining profitability:
- 5-year+ power purchase agreements with compelling weighted average power price of ~2.73 c/ kWh (1)
- Significant mining rig purchase contracts with multiple providers at $42.81 /TH/s (2)
Source: Cipher Mining management
(1) Represents the expected weighted average power price across sites currently under contract. This calculation excludes potential deals under non-binding term sheets
(2) Includes Bitmain and MicroBT contracts, net of contribution to joint venture partnerView entire presentation