Market Chatter: Cipher Mining Weighs Potential Sale Amid Takeover Interest; Shares Rise-March 2024-www.financetom.com

Market Chatter: Cipher Mining Weighs Potential Sale Amid Takeover Interest; Shares Rise

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Market Chatter: Cipher Mining Weighs Potential Sale Amid Takeover Interest; Shares Rise

Jul 17, 2024 7:55 AM

10:35 AM EDT, 07/17/2024 (MT Newswires) -- Cipher Mining ( CIFR ) has received takeover interest, prompting the bitcoin miner to weigh a potential sale, Bloomberg News reported Wednesday, citing people familiar with the matter.

The company is working with advisers as it looks to assess potential suitor interest, the unnamed sources told Bloomberg.

A Cipher Mining ( CIFR ) representative declined to comment, Bloomberg reported.

The company didn't immediately respond to MT Newswires' request for comment.

Cipher Mining ( CIFR ) shares were up 3.2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 7.00, Change: +0.22, Percent Change: +3.24

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