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Bitcoin Miner Cipher Mulls Sale Amid Takeover Interest

US-based company has market value of about $2.2 billion
Crypto miners targeted by AI firms seeking data center space

Crypto-mining companies are being targeted by AI firms looking to boost their computing capabilities via acquisitions. — Crypto-mining companies are being targeted by AI firms looking to boost their computing capabilities via acquisitions.
Photographer: Christinne Muschi/Bloomberg

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By Crystal Tse, David Pan, and Matthew Monks

July 17, 2024 at 1:57 PM UTC

Updated on

July 17, 2024 at 2:42 PM UTC

This article is for subscribers only.

Cipher Mining Inc. is exploring a potential sale after receiving takeover interest, people familiar with the matter said, as soaring demand for data centers make Bitcoin miners takeover targets.

US-based Cipher is working with advisers as it seeks to gauge potential buyer interest, according to the people, who asked not to be identified discussing confidential information.