Canaan Inc (CAN) announced the acquisition of a 49% stake in Cipher Mining (CIFR) through the issuance of 806.4 million Class A common shares (equivalent to 53.8 million American Depositary Shares) in ABC Projects (Alborz LLC, Bear LLC, Chief Mountain LLC). The transaction amount is $39.75 million, with a 6-month lock-up period for the shares. (CoinDesk)
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Canaan Inc (CAN) announced the acquisition of a 49% stake in Cipher Mining (CIFR) through the issuance of 806.4 million Class A common shares (equivalent to 53.8 million American Depositary Shares) in ABC Projects (Alborz LLC, Bear LLC, Chief Mountain LLC). The transaction amount is $39.75 million, with a 6-month lock-up period for the shares. (CoinDesk)