Cipher Mining (CIFR) - 2024 Q1 - Earnings Call Presentation

KEY UPDATES Current 2Q24E 3Q24E 2025 2,033 BTC BTC Held(1) Built to Succeed and Positioned to Win Post-Halving Anticipated Weighted Average Power Price (c/kWh)(1) of Cipher's Portfolio Energized Through Fixed Price Power Current Operating Fleet Efficiency • Full energization on track for Q2 2024 Odessa Timeline Comparison 6 Black Pearl Expansion • Delivering 300 MW of total capacity • Full energization expected in 2025 Bitcoin Mining Business Model 9 (1) At certain sites, Cipher can opportunistically elect ...