Cipher rises after report bitcoin miner exploring sale

Cipher Digital

17/07/2024 15:21

** Shares of bitcoin miner Cipher Mining  CIFR.O  up ~4.3%
at $7.07
    ** Company is exploring a potential sale after receiving
takeover interest, Bloomberg News reports, citing people
familiar with the matter
    ** Cipher is working with advisers as it seeks to gauge
potential buyer interest, the report adds
    ** The bitcoin miner did not immediately respond to Reuters'
request for comment
    ** CIFR has a market capitalization of roughly $2.10 bln -
LSEG data
    ** Including session moves, CIFR shares have gained nearly
71% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))