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Cipher Mining Inc. is exploring a potential sale after receiving takeover interest, as the booming demand for data centers makes Bitcoin miners attractive acquisition targets. The US-based company is working with advisers to gauge buyer interest, though deliberations are in the early stages. On Wednesday, Cipher’s shares surged by 18%, settling at a 2.8% increase by 10:41 a.m. in New York, valuing the company at approximately $2.2 billion.
The AI boom has caused an unprecedented shortage of data center space, leading AI firms to target crypto-mining companies for their existing infrastructure. This trend highlights the strategic importance of crypto miners in the evolving tech landscape. Cipher Mining, however, has not confirmed if it will proceed with a sale.
In a similar move, CoreWeave Inc. recently offered to acquire Bitcoin miner Core Scientific Inc. for around $1 billion. Meanwhile, Northern Data AG, another crypto miner-turned high-performance computing provider, is considering a US listing valued at up to $16 billion.
