CIPHER MINING INC

Ticker: CIFR CUSIP: 17253J106 Class: Common Stock

Carmignac Gestion's Holding History (CIK: 0001569758)

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

Q4 2025

Shares 47,312 Value ($000) $698 Avg Close $17.65 Range $12.41 - $25.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	47,312	$698	$17.65	$12.41 - $25.52