CIPHER MINING INC

Ticker: CIFR CUSIP: 17253J106 Class: Common Stock

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 14,479 Value ($000) $214 Avg Close $17.65 Range $12.41 - $25.52

Q3 2025

Shares 11,409 Value ($000) $144 Avg Close $7.54 Range $4.55 - $15.54

Q2 2025

Shares 10,731 Value ($000) $51 Avg Close $3.23 Range $1.86 - $4.86

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	14,479	$214	$17.65	$12.41 - $25.52
Q3 2025	11,409	$144	$7.54	$4.55 - $15.54
Q2 2025	10,731	$51	$3.23	$1.86 - $4.86