Core Insights - Cipher Mining Inc. has appointed Thomas Duda to its Board of Directors, enhancing its leadership as it aims to become a leader in data center development and operations [1][3] Group 1: Appointment Details - Thomas Duda brings over twenty years of real estate-focused investment experience to the board, which is expected to strengthen Cipher's strategic direction [1][2] - Duda currently serves as Vice President of Real Estate at Henry Crown and Company, leading real estate investment and asset management activities [2] - His previous roles include senior positions at Hunt Companies, Inc. and One William Street Capital Management, focusing on commercial real estate and infrastructure investments [2] Group 2: Company Strategy - Cipher is focused on developing and operating industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting [3] - The company aims to be a market leader in innovation, particularly in bitcoin mining growth and data center construction [3]

Core Insights - Cipher Mining Inc. has acquired a 200-megawatt site in Ohio, named "Ulysses," which includes 195 acres of land and necessary interconnection approvals to participate in the PJM market [1][2] - The site is expected to energize in the fourth quarter of 2027 and is well-suited for high-performance computing (HPC) applications due to its acreage, energization timeline, and proximity to a major metropolitan area [1][2] - This acquisition marks Cipher's first expansion outside of Texas, indicating the company's ability to source high-quality opportunities nationwide and its commitment to diversifying its development pipeline [2] Development Pipeline - With the addition of the Ulysses site, Cipher's development pipeline now totals 3.4 gigawatts (GW) across 8 sites [3] Company Overview - Cipher focuses on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting, aiming to be a market leader in innovation within these sectors [4]

Core 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].