coin-img-ETHETH-5.62%coin-img-BTCBTC-4.76%coin-img-SOLSOL-5.55%coin-img-XRPXRP-4.98%coin-img-USDCUSDC+0.01%coin-img-XAUTXAUT-0.85%coin-img-DOGEDOGE-6.34%coin-img-HYPEHYPE-1.23%coin-img-ETHETH-5.62%coin-img-BTCBTC-4.76%coin-img-SOLSOL-5.55%coin-img-XRPXRP-4.98%coin-img-USDCUSDC+0.01%coin-img-XAUTXAUT-0.85%coin-img-DOGEDOGE-6.34%coin-img-HYPEHYPE-1.23%coin-img-ETHETH-5.62%coin-img-BTCBTC-4.76%coin-img-SOLSOL-5.55%coin-img-XRPXRP-4.98%coin-img-USDCUSDC+0.01%coin-img-XAUTXAUT-0.85%coin-img-DOGEDOGE-6.34%coin-img-HYPEHYPE-1.23%coin-img-ETHETH-5.62%coin-img-BTCBTC-4.76%coin-img-SOLSOL-5.55%coin-img-XRPXRP-4.98%coin-img-USDCUSDC+0.01%coin-img-XAUTXAUT-0.85%coin-img-DOGEDOGE-6.34%coin-img-HYPEHYPE-1.23%
user-avatar
Danny Park

Canaan buys Cipher's 49% stake in West Texas bitcoin projects for $39.75 million

Canaan agreed to acquire Cipher Mining's 49% interest across three West Texas bitcoin projects, the company said Monday in a press release. The deal was funded by issuing 806,439,900 Class A shares, equal to 53,762,660 ADS at $0.7394 per ADS, for approximately $39.75 million and a six‑month lock‑up. The ABC sites have 120 MW and around 4.4 EH/s.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stocks