ADDED
Commission File Number: 001-39625 __________________________________________________ Cipher Digital Inc.
As of February 23, 2026, the registrant had 405,119,407 shares of common stock, $0.001 par value per share, outstanding.
The principal risks and uncertainties affecting our business include the following: Risks Related to Our Business, Industry and Operations If we are unable to complete the construction of our HPC data centers in a timely manner or within our anticipated cost estimates, it could have a material adverse effect on our business, results of operations, liquidity and our ability to make payments on our outstanding indebtedness.
Our tenants guarantees and other backstop arrangements under our HPC leases will only be effective after rent commencement under such leases and are subject to certain limitations, like event of default triggers or caps.
Constructing data centers for HPC hosting requires significant capital expenditures, and we may be unable to secure capital or financing for our construction efforts to develop data centers for HPC hosting.
Enhanced tariff, import/export restrictions, or other trade barriers may have an adverse impact on global economic conditions.
We may be harmed by increased costs to procure power, prolonged power outages, shortages or capacity constraints as well as insufficient access to power.
Any failure of our physical or information technology or operational technology infrastructure or services could lead to significant costs and disruptions.
Our business has grown rapidly and we have an evolving business model and strategy, which includes our diversification into constructing and operating data centers for HPC companies.
The further development of AI technology, which represents a new and rapidly changing industry, is subject to a variety of factors that are difficult to evaluate.
REMOVED
Commission File Number: 001-39625 __________________________________________________ Cipher Mining Inc.
As of February 24, 2025, the registrant had 361,529,468 shares of common stock, $0.001 par value per share, outstanding.
The principal risks and uncertainties affecting our business include the following: We operate in a rapidly evolving industry and have an evolving business model and strategy, which includes our increasing focus on diversification into constructing and operating data centers for HPC companies, as well as bitcoin mining.
If we fail to grow our hashrate, we may be unable to compete, and our results of operations could suffer.
The further development and acceptance of digital asset networks and other digital assets, which represent a new and rapidly changing industry, are subject to a variety of factors that are difficult to evaluate.
The slowing or stopping of the development or acceptance of digital asset systems may adversely affect an investment in us.
We may face several risks due to disruptions in the digital asset markets, including but not limited to, financing risk, risk of increased losses or impairments in our investments or other assets, risks of legal proceedings and government investigations, and risks from price declines or price volatility of digital assets.
Any unfavorable global economic, business or political conditions, such as geopolitical tensions, military conflicts, acts of terrorism, natural disasters, pandemics, trade restrictions, tariffs, or similar events could adversely affect our business, financial condition and results of operations.
Bitcoin mining activities are energy-intensive, which may restrict the geographic locations of miners and have a negative environmental impact.
Government regulators may potentially restrict the ability of electricity suppliers to provide electricity to mining operations, such as ours, increase taxes on the purchase of electricity used to mine bitcoin, or even fully or partially ban mining operations.