TechFlow news, according to Bloomberg citing sources, U.S. Bitcoin mining firm Cipher Mining Inc. is considering a potential sale and has received multiple acquisition inquiries. Cipher is working with advisors to evaluate interest from prospective buyers. Over the past 12 months, Cipher's stock has risen more than 40% on the New York Stock Exchange, with a current market capitalization of approximately $2.2 billion.
The AI boom has triggered data center space shortages, making crypto mining firms attractive acquisition targets for AI companies seeking to boost computing capacity. Last month, cloud computing company CoreWeave Inc. proposed acquiring Bitcoin miner Core Scientific Inc. for about $1 billion, while Northern Data AG—transitioning into a high-performance computing provider—is considering a U.S. IPO at a valuation of up to $16 billion.
