Cipher Mining (US:CIFR) Globenewswire·2025-11-26 13:00Core Viewpoint - Cipher Mining Inc. has announced the redemption of all outstanding warrants to purchase shares of its common stock, with a redemption price of $0.01 per warrant, effective December 26, 2025 [1][2]. Summary by Sections Redemption Announcement - Cipher Mining Inc. has delivered a notice of redemption for all outstanding warrants issued under the Warrant Agreement dated October 19, 2020, with a redemption price of $0.01 per warrant [1]. - The redemption will take effect at 5:00 p.m. New York City time on December 26, 2025 [1]. Conditions for Redemption - The company has the right to redeem the outstanding warrants if the closing price of the common stock is at least $18.00 per share for any 20 trading days within a 30-day trading period [2]. - The common stock has met this condition, being priced at least $18.00 per share for the required trading days ending November 21, 2025 [2]. Warrant Exercise Details - Holders of the warrants can exercise them until the redemption date at an exercise price of $11.50 per share [3]. - Upon redemption notice, warrants must be exercised on a "cashless basis," allowing holders to receive 0.2687 shares of common stock for each warrant surrendered [3]. - Any unexercised warrants by the redemption date will be void, and holders will only receive the redemption price of $0.01 per warrant [3]. Company Overview - Cipher Mining focuses on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting, aiming to be a market leader in innovation within these sectors [6].