Cipher Mining Inc.
Cipher Mining Inc. Announces Resignation of Marcum and Appointment of CBIZ as New Auditor
Summary
Cipher Mining Inc. announced the resignation of Marcum LLP as its independent registered public accounting firm, effective April 14, 2025, and the appointment of CBIZ CPAs P.C. as its new auditor, effective April 15, 2025. This change follows CBIZ's acquisition of Marcum's attest business in November 2024. The Company did not consult CBIZ regarding accounting principles or auditing issues prior to the engagement. Marcum's audit reports for fiscal years 2023 and 2024 and the interim period through April 14, 2025, did not contain any adverse opinions or disagreements with the Company.
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About Cipher Mining Inc.
Cipher Mining Inc. operates as a cryptocurrency mining company with a focus on sustainable bitcoin mining operations. Its primary function lies in the efficient and large-scale mining of bitcoin, offering infrastructure and expertise to maximize the value and support transaction processing within the Bitcoin network. Cipher Mining uniquely positions itself in the fast-evolving digital currency landscape by emphasizing sustainability, utilizing renewable energy sources to power its operations, which addresses the growing concerns around the environmental impact of cryptocurrency mining. This approach not only helps in reducing carbon footprints but also sets a scalable model as the demand for cryptocurrencies evolves. The company's mining facilities are strategically located to optimize energy consumption and cost efficiencies, aligning with its commitment to environmentally responsible practices. As part of the larger cryptocurrency and blockchain sectors, Cipher Mining plays a crucial role in facilitating transactions and securing the blockchain, thereby integral to the infrastructure that supports digital currency ecosystems globally. Founded with a vision to merge traditional energy expertise with cutting-edge digital finance solutions, Cipher Mining accentuates the intersection of innovation and sustainability in the financial markets.
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