Purchase Order No. 21-041, dated December 29, 2021

Cipher Mining Technologies Inc., a corporation incorporated and registered under the laws of Delaware, with its principal place of business at 222 Purchase St., Ste. 290, Rye, New York 10580 (the “Customer”)

(together – the “Parties”).

•  BBAC dimensions while closed (L × W × H): 40’ × 8’ × 9.6’ (12.2 m × 2.5 m × 2.9 m);

•  Door opening: 6’7’’ × 2’11’’ (2.0 m × 0.9 m);

•  Mechanical Capacity: up to 321 of MicroBT servers;

•  Voltage: 480/277 V;

•  Power cords to feed miners; and

•  Weight: up to 31,500 lb (14.3 tonnes) curb weight in base configuration.

•  Power supply 1.1-1.15 MW ± 5%; and

•  Internet connection: reliable Internet connection with at least 2 Mbps per unit and maximum 50 ms latency to the www.bitfury.com;

•  Installation: 50–100 cm between the footing and the container underside;

•  Ambient operating temperature range: - 40 to + 45°C.

•  Louvers and exhaust fans international shipping;

•  Louvers and exhaust fans interstate shipping;

•  On-site works (louvers, exhaust fans installation and others);

•  BBAC shipping to the site; and

•  UL-certification.

a)  10% of the Purchase price in the amount of US$3,543,840 (three million five hundred forty-three thousand eight hundred and forty US Dollars) shall be paid in advance within 3 (three) business days following execution of this Purchase Order;

b)  50% of the Purchase Price in the amount of US$17,719,200 (seventeen million seven hundred nineteen thousand and two hundred US Dollars) shall be paid in advance within 15 (fifteen) business days following execution of this Purchase Order;

c)  30% of the Purchase Price in the amount of US$10,631,520 (ten million six hundred thirty-one thousand five hundred and twenty US Dollars) shall be paid within 15 (fifteen) business days following BBAC manufacture and factory testing; and

d)  10% of the Purchase Price in the amount of US$3,543,840 (three million five hundred forty-three thousand eight hundred and forty US Dollars) shall be paid within 15 (fifteen) business days following completion of Acceptance Act.

Ready to ship

(without fans)

Louvers

and filters

rec’d

Fans

delivery

•   Adjust the Purchase Order and deliver only part of the Equipment equivalent to the amount paid (if any) by the Customer in accordance with the Payment Terms; or

•   Deliver the Equipment in full to the Customer and request payment of the full Purchase Price and for this purpose exercise any injunctive relief, specific performance or any other claim or remedy available under applicable Laws; or

•   Terminate this Purchase Order without any liability or obligation to deliver any Equipment over and above what would be covered by any payment already made by Customer to Bitfury hereunder. In such case, the Purchase Price (or part thereof) which has already been paid to Bitfury shall be non-refundable to the Customer.