💥💥Giant Bitcoin Miner May Go for Sale: Offers Are Being Considered! 💥💥

Giant Bitcoin miner Cipher Mining is considering selling its company and its BTC assets.

According to Bloomberg, Cipher Mining began researching a potential sale after receiving offers. Shares of the Bitcoin miner are up more than 40% in the last five trading days and are up 60% since the beginning of the year.

Cipher Mining stands out as the latest Bitcoin miner planning to sell. Sources close to the matter stated that the miner has entered a possible sales process in line with the purchase offers. However, the negotiations are still in the early stages and it remains unclear whether Cipher Mining will decide to sell.

Major agreements were signed

Another Northern US Bitcoin miner, Core Scientific, signed a series of 12-year contracts with cloud computing company AI Hyperscaler CoreWeave in June. Additionally, CleanSpark acquired GRIID Infrastructure in a $155 million deal. After Riot failed in its attempt to buy Bitfarms for $950 million, it carried out a hostile takeover on Bitfarms.

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