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Home / Blog / Markets / Canaan acquires Cipher Mining’...

Markets

Canaan acquires Cipher Mining’s stake in West Texas bitcoin mining projects in $40 million deal

February 24, 2026 1 min read 8 views

Canaan acquires Cipher Mining’s stake in West Texas bitcoin mining projects in $40 million deal

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The deal was funded through the issuance of Canaan shares valued at roughly $39.75 million, making Cipher a significant shareholder.

#Bitcoin #Mining

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