CIPHER MINING INC

Ticker: CIFR CUSIP: 17253J106 Class: Common Stock

R Squared Ltd's Holding History (CIK: 0001896148)

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

Q4 2025

Shares 11,363 Value ($000) $168 Avg Close $17.65 Range $12.41 - $25.52

Q3 2025

Shares 22,819 Value ($000) $287 Avg Close $7.54 Range $4.55 - $15.54

Q2 2025

Shares 16,540 Value ($000) $79 Avg Close $3.23 Range $1.86 - $4.86

Q4 2024

Shares 3,330 Value ($000) $15 Avg Close $5.68 Range $3.48 - $7.77

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	11,363	$168	$17.65	$12.41 - $25.52
Q3 2025	22,819	$287	$7.54	$4.55 - $15.54
Q2 2025	16,540	$79	$3.23	$1.86 - $4.86
Q4 2024	3,330	$15	$5.68	$3.48 - $7.77