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News Explorer — Canaan Inc. Purchases 49% Stake in West Texas Mining Venture From Cipher Mining

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Feb 24, 10:16 am
Coindesk

Canaan Inc. Purchases 49% Stake in West Texas Mining Venture From Cipher Mining

Canaan Inc. acquired a 49% stake in a joint venture linked to mining projects in West Texas from Cipher Mining for $39.75 million in stock. The deal includes Cipher's share in the ABC Projects, with the rest owned by WindHQ. Canaan funded the purchase with 806.4 million Class A ordinary shares.

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