Cipher Mining Investor Presentation Deck
Non-GAAP Measures
The following is a reconciliation of our non-GAAP loss
from operations, which excludes the impact of (i)
depreciation of fixed assets and (ii) stock compensation
expense, to its most directly comparable GAAP measure
for the periods indicated:
Reconciliation of non-GAAP loss from operations:
Operating loss
Depreciation
Stock compensation expense
Non-GAAP loss from operations
Source: Cipher Mining management
$
$
Eleven Months
Ended
December 31,
2021
For the period
January 7, 2021
(inception) through
January 31, 2021
(72,151,811)
4.867
63,765.473
(8,381,471) $
$
(3.480)
5
(3,475)
The following are reconciliations of our non-GAAP net
loss and non-GAAP basic and diluted net loss per share,
in each case excluding the impact of (i) depreciation of
fixed assets (ii) change in fair value of warrant liability
and (iii) stock compensation expense, to the most directly
comparable GAAP measures for the periods indicated:
Reconciliation of non-GAAP net loss:
Net loss
Non-cash adjustments to net loss
Depreciation
Change in fair value of warrant liability
Stock compensation expense
Total non-cash adjustments to net loss
Non-GAAP net loss
Reconciliation of non-GAAP basic and diluted net loss per
share:
Basic and diluted net loss per share
Depreciation of fixed assets (per share)
Change in fair value of warrant liability (per share)
Stock compensation expense (per share)
Non-GAAP basic and diluted net loss per share
$
$
$
$
$
Eleven Months
Ended
December 31,
2021
(72,152,564)
For the period
January 7, 2021
(inception) through
January 31, 2021
$
4,867
21,828
63,765,473
63,792,168 $
(8.360,396) $
0.29
(0.04)
(0.33) $
$
(3,480)
(3.475)
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