Bitcoin Miner Cipher Looks to Sell Up to $250M in Stock

Cipher Mining is looking to sell up to $250 million in stock from time to time in what is known as an"at-the-market” offering.

Bitcoin miners have been struggling this year as the price of bitcoin has dropped by about 60% and energy prices soar across the world. Despite these headwinds, some of them are back on the market to raise capital needed to fund their development. Earlier on Friday, miner Iris Energy Investment bank H.C. Wainwright will act as a sales agent for Cipher's stock, according to aCipher Mining's stock was up by about 2% in Friday's trading on the Nasdaq.

CipherInc egreechee Another mining company down. Very sad for them.

CipherInc egreechee Why nobody is talking about this app?

CipherInc egreechee Trade CEEK/BNB on LuchowSwap

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