Cipher Digital — Debt Investor Presentation (June 2026)

6 slides from Cipher Digital's debt investor presentation, Jun 8, 2026

Slide 1: Cipher Digital Stingray Compute
Cipher Digital Stingray Compute June 2026
Slide 2: Forward-looking statements
2 This Presentation contains certain forward - looking statements within the meaning of the federal securities laws of the United St ates. The Company intends such forward - looking statements to be covered by the safe harbor provisions for forward - looking statements contained in the Private Secur
Slide 3: Stingray Overview
3 Notes: (1) Amazon Market Capitalization as of 3/31/2026 based on Capital IQ (2) Reflects maximum contracted lease payments assuming three 5 - year lease extension options are exercised with each extension s truck at the ceiling rental rate (3) Cipher’s operating expense liability during the base l
Slide 4: Capital Structure and Key Credit Highlights
x Capital Structure: ~$810MM secured debt issued by Stingray Compute, a wholly - owned indirect subsidiary of Cipher Digital x Use of Proceeds: Fund the construction of the 70 IT MW HPC data center at Stingray through completion, fund debt services reserves and interest during construction, reimburs
Slide 5: Consolidated Financial Summary
Consolidated Financial Summary Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11Year 12 Year 13 Year 14 Year 15 Year 16 Year 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 Rent Revenue 2,023 - 74 112 115 118 122 126 129 133 137 141 1
Slide 6: Stingray Compute
6 Stingray Compute