Cipher, an American company whose New York-traded shares have risen more than 40 percent over the past 12 months and has a market value of about $2.2 billion, is working with advisers to gauge interest from potential buyers, Bloomberg reported.
The discussions are still in the early stages, and it’s uncertain whether Cipher will decide to sell. A Cipher representative declined to comment. The boom in artificial intelligence has led to an unprecedented shortage of data center space, putting cryptocurrency mining companies with the necessary infrastructure in the spotlight.
