According to Bloomberg, US-based Cipher is currently working with advisers to explore potential buyer interest. The company's shares have surged over 40% in New York trading over the past year, resulting in a market value of approximately $2.2 billion. Discussions are still in the early stages, and there is no certainty that Cipher will decide to proceed with a sale. A representative for Cipher declined to comment on the matter.

The recent surge in artificial intelligence has led to an unprecedented shortage of data-center space. Consequently, crypto-mining companies, which already possess the necessary infrastructure, are becoming increasingly attractive to potential buyers. Last month, Cipher went public, further increasing its visibility and market presence.