The post Bitcoin miner Cipher receives takeover offer, considers sale: Report appeared on BitcoinEthereumNews.com.

Cipher’s initial public offering was in 2021. Its current market cap is more than $2 billion. According to a recent Bloomberg article, Bitcoin mining company Cipher is considering a sale after receiving a takeover bid. The report cited unnamed sources who claimed that the company is currently deliberating and consulting with advisers to gauge potential interest, though management may consider not selling the company. Shares of Cipher (CIFR) jumped to a high of $8.00 following the news but fell back down to $6.56. However, this still represents a sharp increase from the start of 2024, when the stock was trading at a high of $4.77. Read more Source: https://cointelegraph.com/news/bitcoin-miner-cipher-receives-takeover-offer-report?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ July 18, 2024 8:20 am