Cipher Mining

Currently operates four bitcoin mining data centers in Texas.
Their current intention is to continue to expand their bitcoin mining business by developing additional data centers, expanding capacity at their current data centers and entering into other arrangements, such as joint ventures or data center hosting agreements.

As of February 28, 2023, they operated approximately 58,500 miners, with an aggregate hashrate capacity of approximately 6.1 exahash per second (“EH/s”), deploying approximately 203 megawatts (“MW”) of electricity, of which we owned approximately 48,500 miners, with an aggregate hashrate capacity of approximately 5.2 EH/s, deploying approximately 172 MW of electricity.