Cipher Mining SPAC Presentation Deck

Cipher Mining SNAPSHOT OF ASSETS PORTFOLIO Long-Term Power Offtake to Protect Mining Profitability Self-Mining Capacity Total Capacity Fully Hedged Remaining Hedge Duration Average Fixed Power Price Pre-Flexibility Revenues Total Capacity Capable of Monetizing Flexibility 236 MW 96% 4+ Years $27/MWh 92% (1) The acronym "FTM" represents "Front-of-the-Meter" and "BTM" represents "Behind-the-Meter" Diversified Mix of Sites as a Risk Mitigation Approach Sites Across Texas Total Capacity Collocated with a Power Asset Total Capacity Backed by Power Supply Guarantees Total Capacity Subject to an Offtake Obligations 2 FTM(¹) + 2 BTM(¹) = 4 96% 87% 57% 7

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