Cipher Digital Inc., a company incorporated in Delaware on June 24, 2020. The company is an emerging technology company that develops and operates industrial-scale Bitcoin mining data centers. The company currently operates four Bitcoin mining data centers in Texas. The company is also developing an additional data center of up to 300 megawatts in Winkler County, Texas, which the company expects to power 150 megawatts by 2025. Bitcoin mining is the company's main revenue-generating business activity. The Company's current intention is to continue to expand the Company's Bitcoin mining business by developing additional data centers, expanding capacity in the Company's current data centers, and developing the Company's treasury management platform, such as joint ventures, data center hosting agreements or software licensing arrangements.