Canaan Acquires Cipher Mining’s 49% Stake in West Texas Bitcoin Venture for $39.75M
Canaan Inc., which is a Singapore-based bitcoin mining hardware manufacturer and mining operator, has purchased Ciper Mining’s 49% ownership stake in a joint mining venture in West Texas. The transaction was valued at $39.75 million and was completed through a stock deal rather than cash. Inclusion in the Deal The
February 24, 2026 1 min read
