On September 10, 2024, Bitfury Holding B.V., along with related entities and individuals, filed Amendment No. 9 to Schedule 13D with the SEC, updating their ownership stakes in Cipher Mining Inc. The filing indicates that Bitfury Holding B.V., Bitfury Top HoldCo B.V., Bitfury Group Limited, V3 Holding Limited, and Valerijs Vavilovs collectively own a significant portion of Cipher Mining's common stock. Bitfury Top HoldCo B.V. completed the sale of approximately 9.5 million shares, as part of the final tranche allocated for the benefit of Bitfury Beneficiaries. The sales took place between September 5 and September 10, 2024, with prices ranging from $2.66 to $3.12 per share. The filing also details the shared voting and dispositive power over the shares held by the reporting entities and individuals. Bitfury Holding B.V. is the record holder of 4,821,560 shares, Bitfury Top HoldCo B.V. holds 49,733,104 shares, Bitfury Group Limited also holds 49,733,104 shares, V3 Holding Limited owns 100,047,588 shares, and Valerijs Vavilovs is deemed to share beneficial ownership of the shares held by V3 and Bitfury Top HoldCo due to his ownership interests.

On September 10, 2024, Bitfury Holding B.V., along with related entities and individuals, filed Amendment No. 9 to Schedule 13D with the SEC, updating their ownership stakes in Cipher Mining Inc. The filing indicates that Bitfury Holding B.V., Bitfury Top HoldCo B.V., Bitfury Group Limited, V3 Holding Limited, and Valerijs Vavilovs collectively own a significant portion of Cipher Mining's common stock. Bitfury Top HoldCo B.V. completed the sale of approximately 9.5 million shares, as part of the final tranche allocated for the benefit of Bitfury Beneficiaries. The sales took place between September 5 and September 10, 2024, with prices ranging from $2.66 to $3.12 per share. The filing also details the shared voting and dispositive power over the shares held by the reporting entities and individuals. Bitfury Holding B.V. is the record holder of 4,821,560 shares, Bitfury Top HoldCo B.V. holds 49,733,104 shares, Bitfury Group Limited also holds 49,733,104 shares, V3 Holding Limited owns 100,047,588 shares, and Valerijs Vavilovs is deemed to share beneficial ownership of the shares held by V3 and Bitfury Top HoldCo due to his ownership interests.