KB24

Fall Down 7 Times Get Up 8

[KB24 @VKP0824]

@bitcoinbutcher1 Thank you for taking the time tonight @rftylerpage can you please comment on this to shed some light on how the company plans to address the Google warrants and top-up provisions?

[KB24 @VKP0824]

@bitcoinbutcher1 @bitcoinbutcher1 Can you ask them about the google warrants as that portrays to potential 13 to 16% dilution coming up by end of the year!

[KB24 @VKP0824]

@JaguarAnalytics Why Google? And not AMD??

[KB24 @VKP0824]

@StocksOnSpaces Numerous people in tech world have said affair was going on since possibly 2023 not just 2025

[KB24 @VKP0824]

@bitcoinbutcher1 @rftylerpage @bitcoinbutcher1 looking forward to it! Can you please ask about upcoming Google warrants, issued in connection with Barber Lake lease backstop—specifically~24.2Mill shares exercisable at $0.01 and top-up provision that requires warrant shares to be worth at least $430–435 mill

[KB24 @VKP0824]

@danielnewmanUV Any idea who their customers are for these 5 year and short term deals? Also why aren't they announcing AnthropicAI or OpenAI as customers if that is one of the main partners?

[KB24 @VKP0824]

@bitcoinbutcher1 @rftylerpage @bitcoinbutcher1
Can you please ask @rftylerpage about upcoming Google warrants, issued in connection with the Barber Lake lease backstop—specifically~24.2Mill shares exercisable at $0.01 and the top-up provision that requires warrant shares to be worth at least $430–435 million

[KB24 @VKP0824]

@bitcoinbutcher1 @rftylerpage @CipherInc How does the company plan to address any potential shortfall (additional share issuance vs. cash settlement), and what is the expected dilution impact? Does Cipher currently have (or plan to have) sufficient liquidity to fund a cash top-up if needed without further equity raises?

[KB24 @VKP0824]

@bitcoinbutcher1 @rftylerpage @CipherInc At recent stock price of roughly $6.50:
Value of base 24.18M shares ≈ $157 million.
Shortfall ≈ $278 million (using the $435M threshold).
If settled entirely in additional shares at $6.50: ~42.8 million extra shares. Total new shares ≈ 67 million.
Dilution: ~16% on 415M shares

[KB24 @VKP0824]

@danielnewmanUV But how does that bode well for $CIFR and other HPC providers?

[KB24 @VKP0824]

@danielnewmanUV It would show strong conviction to see CEO @rftylerpage and insiders buy at these levels as we as retail are buying because we believe in the company and management. Especially if they believe its significantly undervalued.

[KB24 @VKP0824]

@bitcoinbutcher1 @rftylerpage One of the biggest validation to retail is when the Ceo and insiders buy in the open market. If he really does believe there is strong disconnect in the current price and how well the company is positioned then why not buy shares in open market to reflect confidence in the stock?

[KB24 @VKP0824]

@DavidDTawil @JoeCarlasare @downW21 Literally Levinson just gives the doomer scenario everyday but never once mentions what to actually invest in. You cant just keep yelling the house is on fire and then never mention what exactly to invest in instead of saying to buy David N substack

[KB24 @VKP0824]

@DavidDTawil Literally DL just yells everyday yet has never actually once said what to invest in besides buy DN substack 🤦🏽‍♂️ridiculous waste of time everyday. For once force him to actually mention what to buy its a FINANCE SHOW!!!

[KB24 @VKP0824]

@iTzAnthonyNap There are sooo many Davids on that show but unfortunately no Goliath 🤣💪🏾 appreciated your non doomer perspective.

[KB24 @VKP0824]

@DavidDTawil Spot on Paul!

[KB24 @VKP0824]

@OfficialBBrooks @DavidDTawil @iTzAnthonyNap Couldn't agree more. Also its frustrating as listeners you have Dave L speaking for days but never once mentions what to exactly invest in then if hes so bearish on current tech. Its a financial show but he has yet to ever say what to actually invest in 🤦🏽‍♂️

[KB24 @VKP0824]

@danielnewmanUV Are you considering adding to $CIFR or $IREN or waiting for dust to settle?