SCHEDULE 13G 0001819989 XXXXXXXX LIVE Class A ordinary shares, par value US$0.00000005 per share 02/19/2026 0001780652 Canaan Inc. 134748102 28 Ayer Rajah Crescent # 06-08 Singapore U0 139959 Rule 13d-1(c) Cipher Digital Inc. DE 0 806439900 0 806439900 806439900 7.7 CO Cipher Mining Technologies Inc. DE 0 806439900 0 806439900 806439900 7.7 CO Canaan Inc. 28 Ayer Rajah Crescent # 06-08, Singapore 139959 This Statement is filed on behalf of Cipher Digital Inc. and Cipher Mining Technologies Inc. (together, the "Reporting Persons"). This Statement relates to Class A ordinary shares held directly by Cipher Black Pearl LLC and Cipher Mining Technologies Inc. Cipher Black Pearl LLC is indirectly owned by Cipher Mining Technologies Inc. Cipher Mining Technologies Inc. is a wholly owned subsidiary of Cipher Digital Inc. Accordingly, Cipher Mining Technologies Inc. and Cipher Digital Inc. may each be deemed to beneficially own the Class A ordinary shares reported herein. There is no CUSIP number assigned to the Class A ordinary shares. CUSIP number 134748102 is assigned to the Issuer's American Depositary Shares ("ADSs"). Each ADS represents 15 of the Issuer's Class A ordinary shares. The business address of each of the Reporting Persons is 1 Vanderbilt Avenue, Floor 54, New York, NY. Each Reporting Person is a Delaware corporation. Y As of the date hereof, each Reporting Person may be deemed the beneficial owner of 806,439,900 Class A ordinary shares, including 210,049,718 Class A ordinary shares held directly by Cipher Black Pearl LLC and 596,390,182 Class A ordinary shares held directly by Cipher Mining Technologies Inc. As of the date hereof, each Reporting Person may be deemed the beneficial owner of approximately 7.7% of the Class A ordinary shares outstanding. The percentage set forth herein is calculated based on the sum of (i) 9,627,568,893 Class A ordinary shares outstanding as of December 31, 2025, as reported in Exhibit 99.1 to the Issuer's current report on Form 6-K filed with the Securities and Exchange Commission on February 10, 2026, and (ii) an aggregate 806,439,900 Class A ordinary shares that were issued to Cipher Black Pearl LLC and Cipher Mining Technologies Inc. 0 806,439,900 0 806,439,900 Y N The response to Item 2(a) is incorporated by reference herein. N The response to Item 2(a) is incorporated by reference herein. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 1: Joint Filing Agreement, dated February 25, 2026 Cipher Digital Inc. /s/ William Iwaschuk 02/25/2026 Cipher Mining Technologies Inc. /s/ William Iwaschuk 02/25/2026