Cipher Mining
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Compute North Files for Bankruptcy; Cipher Considers Selling up to $250M in Stock
Shareholders of bankrupt crypto lender Celsius Network have filed to claw back their investments and get first dibs on proceeds from the sale of certain assets. Crypto-mining data center operator Compute North filed for bankruptcy, citing the market rout. Cipher Mining is looking to sell up to $250 million in stock from time to time in an "at-the-market” (ATM) offering.
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US-Based Cipher Mining Goes Public Via SPAC Merger
Cipher Mining, a newly formed U.S.-based subsidiary of Bitfury, is going public after being valued at $2 billion. CEO of Cipher Mining Tyler Page discusses his company's plans, including Cipher Mining's locations in Texas and Ohio, the SPAC merger process and the current market appetite for public companies that offer exposure to the Bitcoin ecosystem.
