The deal was funded through the issuance of Canaan shares valued at roughly $39.75 million, making Cipher a significant shareholder.
Canaan acquires Cipher Mining's stake in West Texas bitcoin mining projects in $40 million deal
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Canaan acquires Cipher Mining's stake in West Texas bitcoin mining projects for about $40 million. The deal was funded through issuance of Canaan shares valued at roughly $39.75 million, making Cipher a significant Canaan shareholder.
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