Form 4 for CIFR Cipher Digital Inc.

Accepted 2022-06-16 00:00:00 ET · period of report 2022-06-16 · accession 0000899243-22-022960 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
I	2022-06-16	2022-06-16	CIFR	Bitfury Holding B.V.	10%	J - Other	$1.89	-1.18M	201.93M	-0.6%	-$2.23M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-06-16	J	D	1,178,440	$1.89	201,931,387	I See Footnote	—	—	(F1) Reflects the transfer by the reporting persons, through a series of direct and indirect distributions and transfers, of 1,178,440 shares of common stock, par value $0.001 per share, of Cipher Mining Inc. ("Common Stock"), initially held by Bitfury Holding B.V. ("Bitfury Holding"), to unaffiliated transferees, based on a price equal to $1.89 per share of Common Stock, in partial satisfaction of certain debt owed to such transferees. (F2) Bitfury Holding 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 197,109,827 shares of Common Stock and is the sole owner of Bitfury Holding. As a result, Bitfury Top HoldCo may be deemed to share beneficial ownership of the shares of Common Stock held by Bitfury Holding. Valerijs Vavilovs is the sole owner of V3 Holding Limited ("V3"), which is the majority owner of Bitfury Group Limited ("BGL"). BGL is the sole owner of Bitfury Top HoldCo. 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.