Investment bank H.C. Wainwright will be handling the transaction.Read MoreCoinDesk
Cipher Mining (CIFR) is looking to sell up to $250 million in stock from time to time in what is known as an “at-the-market” (ATM) offering.
Bitcoin miners have been struggling this year as the price of bitcoin has dropped by about 60% and energy prices soar across the world. Despite these headwinds, some of them are back on the market to raise capital needed to fund their development. Earlier on Friday, miner Iris Energy (IREN) announced a deal with investment bank B. Riley to sell up to $100 million of equity.
Investment bank H.C. Wainwright will act as a sales agent for Cipher’s stock, according to a Friday filing with the U.S. Securities and Exchange Commission.
Cipher Mining’s stock was up by about 2% in Friday’s trading on the Nasdaq.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
One bitcoin is worth $100,000 — a milestone that has <a href="https://www.coindesk.com/business/2024/12/05/bitcoin-at-100-k-industry-reaction" target="_blank">crypto OGs in…
By Omkar Godbole (All times ET unless indicated otherwise) You know how it feels when…
Bitcoin experienced extreme volatility yesterday after reaching a new all-time high of $104,088 on Wednesday.…
As Bitcoin finally soars above the long-awaited $100,000 milestone, Ethereum (ETH) attempts to break out…
Net inflows into U.S. spot ether (<a href="https://www.coindesk.com/price/ethereum/ " target="_blank">ETH</a>) exchange-traded funds (ETFs) have picked…
Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past…