CIPHER MINING INC

Ticker: CIFR CUSIP: 17253J106 Class: Common Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q4 2021

Shares 47,362 Value ($000) $219 Avg Close $7.28 Range $4.35 - $10.99

Q3 2021

Shares 683,720 Value ($000) $7,070 Avg Close $10.65 Range $9.20 - $15.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2021	47,362	$219	$7.28	$4.35 - $10.99
Q3 2021	683,720	$7,070	$10.65	$9.20 - $15.39