SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Bitfury Top HoldCo B.V. (Last) (First) (Middle) STRAWINSKYLAAN 3051 (Street) AMSTERDAM P7 1077 ZX (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Cipher Mining Inc. [ CIFR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/16/2022
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/16/2022		J(1)		1,178,440(1)	D	$1.89(1)	201,931,387	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Bitfury Top HoldCo B.V. (Last) (First) (Middle) STRAWINSKYLAAN 3051 (Street) AMSTERDAM P7 1077 ZX (City) (State) (Zip)

1. Name and Address of Reporting Person* V3 Holding Ltd (Last) (First) (Middle) 4TH FLOOR HARBOUR PLACE, 103 SOUTH CHURCH STREET, PO BOX 10240 (Street) GEORGE TOWN, GRAND CAYMAN E9 KY1-1002 (City) (State) (Zip)

1. Name and Address of Reporting Person* Bitfury Holding B.V. (Last) (First) (Middle) STRAWINSKYLAAN 3051 (Street) AMSTERDAM P7 NL 1077 ZX (City) (State) (Zip)

1. Name and Address of Reporting Person* Vavilovs Valerijis (Last) (First) (Middle) STRAWINSKYLAAN 3051 (Street) AMSTERDAM P7 1077 ZX (City) (State) (Zip)

1. Name and Address of Reporting Person* Bitfury Group Ltd (Last) (First) (Middle) 6TH FLOOR ONE LONDON WALL (Street) LONDON X0 EC2Y 5EB (City) (State) (Zip)

Explanation of Responses:

1. Reflects the transfer by the reporting persons, through a series of direct and indirect distributions and transfers, of 1,178,440 shares of common stock, par value $0.001 per share, of Cipher Mining Inc. ("Common Stock"), initially held by Bitfury Holding B.V. ("Bitfury Holding"), to unaffiliated transferees, based on a price equal to $1.89 per share of Common Stock, in partial satisfaction of certain debt owed to such transferees.

2. Bitfury Holding is the record holder of 4,821,560 shares of Common Stock. Bitfury Top HoldCo B.V. ("Bitfury Top HoldCo") is the record holder of 197,109,827 shares of Common Stock and is the sole owner of Bitfury Holding. As a result, Bitfury Top HoldCo may be deemed to share beneficial ownership of the shares of Common Stock held by Bitfury Holding. Valerijs Vavilovs is the sole owner of V3 Holding Limited ("V3"), which is the majority owner of Bitfury Group Limited ("BGL"). BGL is the sole owner of Bitfury Top HoldCo. As a result of the foregoing relationships, each of Mr. Vavilovs, V3 and BGL may be deemed to share beneficial ownership of the Common Stock beneficially owned by Bitfury Top HoldCo.

Remarks:

	Olegs Blinkovs, Managing Director of Bitfury Top HoldCo B.V., By: /s/ Olegs Blinkovs	06/16/2022
	Olegs Blinkovs, Managing Director of Bitfury Holding B.V., By: /s/ Olegs Blinkovs	06/16/2022
	Valerijs Vavilovs, Director of Bitfury Group Limited, By: /s/ Valerijs Vavilovs	06/16/2022
	Valerijs Vavilovs, Director of V3 Holding Limited, By: /s/ Valerijs Vavilovs	06/16/2022
	Valerijs Vavilovs, By: /s/ Valerijs Vavilovs	06/16/2022
	** Signature of Reporting Person	Date
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