Investment in equity investee	3 Months Ended
Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investment in equity investee	NOTE 8. INVESTMENT IN EQUITY INVESTEE On June 10, 2021, the Company and WindHQ, LLC (“WindHQ”) signed a binding definitive framework agreement with respect to the construction, buildout, deployment and operation of one or more data centers (“Data Centers”) in the United States (the “WindHQ Joint Venture Agreement”). See additional information regarding the WindHQ Joint Venture Agreement in Note 11. On January 28, 2022, in connection with the WindHQ Joint Venture Agreement, Cipher Mining Technologies and Alborz Interests DC LLC (a subsidiary of WindHQ), as members, entered into the Amended and Restated Limited Liability Company Agreement of Alborz LLC (the “Alborz LLC Agreement”). The Alborz LLC Agreement delineates the rights and obligations of the members related to the construction, operation and management of the Alborz LLC facility located in Texas (i.e., the first Data Center under the WindHQ Joint Venture Agreement. The Company is required to required to support and monitor (remotely) the operations of the hardware at the Alborz facility (particularly the mining servers) as required under the WindHQ Joint Venture Agreement. The Company uses the equity method of accounting to account for its 49% equity interest in Alborz LLC. The Company contributed a total of $7.5 million of miners and mining equipment to Alborz LLC during the three months ended March 31, 2022. The Company also reclassified approximately $0.2 million of legal costs associated with the joint venture formation to investment in equity investee during the three months ended March 31, 2022. The Company recognized approximately $0.2 million as equity in Alborz, LLC’s net loss in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2022. For the three months ended March 31, 2022, the Company received distributions-in-kind of Bitcoin of approximately $0.2 million from Alborz, LLC.

Investment in equity investee

3 Months Ended

Mar. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

NOTE 8. INVESTMENT IN EQUITY INVESTEE

On June 10, 2021, the Company and WindHQ, LLC (“WindHQ”) signed a binding definitive framework agreement with respect to the construction, buildout, deployment and operation of one or more data centers (“Data Centers”) in the United States (the “WindHQ Joint Venture Agreement”). See additional information regarding the WindHQ Joint Venture Agreement in Note 11.

On January 28, 2022, in connection with the WindHQ Joint Venture Agreement, Cipher Mining Technologies and Alborz Interests DC LLC (a subsidiary of WindHQ), as members, entered into the Amended and Restated Limited Liability Company Agreement of Alborz LLC (the “Alborz LLC Agreement”). The Alborz LLC Agreement delineates the rights and obligations of the members related to the construction, operation and management of the Alborz LLC facility located in Texas (i.e., the first Data Center under the WindHQ Joint Venture Agreement. The Company is required to required to support and monitor (remotely) the operations of the hardware at the Alborz facility (particularly the mining servers) as required under the WindHQ Joint Venture Agreement.

The Company uses the equity method of accounting to account for its 49% equity interest in Alborz LLC. The Company contributed a total of $7.5 million of miners and mining equipment to Alborz LLC during the three months ended March 31, 2022. The Company also reclassified approximately $0.2 million of legal costs associated with the joint venture formation to investment in equity investee

during the three months ended March 31, 2022. The Company recognized approximately $0.2 million as equity in Alborz, LLC’s net loss in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2022. For the three months ended March 31, 2022, the Company received distributions-in-kind of Bitcoin of approximately $0.2 million from Alborz, LLC.