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Filing Details

Accession Number:: 0001062993-24-012096
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-06-06 17:48:24
Reporting Period:: 2024-06-04

Accepted Time:: 2024-06-06 17:48:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1819989	Cipher Mining Inc.	CIFR	Finance Services (6199)	851614529

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1884407	B.v. Holdco Top Bitfury	Strawinskylaan 3051 Amsterdam P7 1077 ZX	No	No	Yes	No
1887811	Valerijis Vavilovs	Strawinskylaan 3051 Amsterdam P7 1077 ZX	No	No	Yes	No
1887845	Ltd Holding V3	4Th Fl Harbour Pl 103 S Church St, 10240 George Town E9 KY1-1002	No	No	Yes	No
1887853	B.v. Holding Bitfury	Strawinskylaan 3051 Amsterdam P7 1077 ZX	No	No	Yes	No
1887872	Ltd Group Bitfury	6Th Floor One London Wall London X0 EC2Y 5EB	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-06-04	302,841	$3.77	116,709,261	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2024-06-05	299,953	$3.91	116,409,308	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2024-06-06	298,950	$4.16	116,110,358	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The price reported in Column 4 represents a weighted average sales price of $3.7655. These shares were sold in multiple transactions at prices ranging from $3.59 to $3.95, inclusive. The reporting person undertakes to provide to Cipher Mining Inc., any security holder of Cipher Mining Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in footnotes 1 through 3 of this Form 4.
The price reported in Column 4 represents a weighted average sales price of $3.9145. These shares were sold in multiple transactions at prices ranging from $3.75 to $4.045, inclusive.
The price reported in Column 4 represents a weighted average sales price of $4.16. These shares were sold in multiple transactions at prices ranging from $4.05 to $4.35, inclusive.
The sales reported on this Form 4 were made from the share reserve previously disclosed in Amendment No. 5 to Schedule 13D filed by the Reporting Persons on May 16, 2024. Following the sales reported on this Form 4, the Reporting Persons expect to sell approximately 6.5 million additional shares from the share reserve, subject to market conditions and other matters, as previously reported.
Bitfury Holding B.V. is the record holder of 4,821,560 shares of Common Stock. Bitfury Top HoldCo B.V. ("Bitfury Top HoldCo") is the record holder of 60,974,314 shares of Common Stock and is the sole owner of Bitfury Holding B.V. As a result, Bitfury Top HoldCo may be deemed to share beneficial ownership of the shares of Common Stock held by Bitfury Holding B.V. V3 Holding Limited ("V3") is the direct holder of 50,314,484 shares of Common Stock. Valerijs Vavilovs is the sole owner of V3, which is the majority owner of Bitfury Group Limited ("BGL"). BGL is the sole owner of Bitfury Top HoldCo. [Continued]
[Cont.] As a result of the foregoing relationships, each of Mr. Vavilovs, V3 and BGL may be deemed to share beneficial ownership of the Common Stock beneficially owned by Bitfury Top HoldCo., and Mr. Vavilovs may be deemed to have beneficial ownership of the Common Stock owned by V3. Each of Mr. Vavilovs, V3, Bitfury Top HoldCo, BGL and Bitfury Holding B.V. disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein.