NEW YORK, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a leading developer and operator of industrial-scale data centers, today announced that it has delivered a notice of redemption to redeem all of its outstanding warrants (the "Warrants") to purchase shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), that were issued under the Warrant Agreement, dated as of October 19, 2020 (the "Warrant Agreement"), by and between the Company (f/k/a Good Works Acquisition Corp.) and Continental Stock Transfer & Trust Company, as warrant agent (the "Warrant Agent"), and that remain unexercised at 5:00 p.m., New York City time, on December 26, 2025 (the "Redemption Date") for a redemption price of $0.01 per Warrant (the "Redemption Price").  

Under the terms of the Warrant Agreement, the Company has the right to redeem all of the outstanding Warrants if the reported closing price of the Common Stock is at least $18.00 per share for any 20 trading days within any 30-day trading period ending on the third business day prior to the date on which a notice of redemption is given. The reported closing price of the Common Stock has been at least $18.00 per share on each of 20 trading days within the 30-day trading period ending on November 21, 2025. At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each registered holder of the outstanding Warrants.

The Warrants may be exercised by the holders thereof until 5:00 p.m., New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such Warrants, at the exercise price of $11.50 per share. In accordance with the Warrant Agreement, the Company's Board of Directors has elected to require that, upon delivery of the notice of redemption, all Warrants are to be exercised only on a "cashless basis." Accordingly, holders may no longer exercise Warrants and receive Common Stock in exchange for payment ...