Bitcoin Miner Cipher Looks to Sell Up to $250M in Stock
Cipher Mining (CIFR) is looking to sell up to $250 million in stock from time to time in what is known as an "at-the-market” (ATM) 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.
Earlier on Friday, miner Iris Energy (IREN) announced a deal with investment bank B. Riley to sell up to $100 million of equity. Investment bank H.C. Wainwright will act as a sales agent for Cipher's stock, according to a Friday filing with the U.S. Securities and Exchange Commission. Cipher Mining's stock was up by about 2% in Friday's trading on the Nasdaq. some of them are back on the market to raise capital needed to fund their development.
Source
t.me/Mining_Crypto_Miner
