Bitcoin miner Cipher Mining is reportedly exploring a potential sale following interest from potential buyers, according to Bloomberg.
The company has initiated discussions but has not yet committed to pursuing a sale, indicating early-stage deliberations.
Driven by the burgeoning demand for data centers amid the AI industry’s rapid expansion, Bitcoin miners have faced revenue challenges since the April halving event.
This financial strain has prompted many in the sector to consider strategic options. JPMorgan analysts highlighted the trend of AI firms and Hyperscalers exploring alternatives like leasing power or acquiring data center capacity from Bitcoin miners, given the constraints in immediate power access.
In parallel developments, Core Scientific, a North American Bitcoin miner, recently secured long-term contracts with CoreWeave, an AI Hyperscaler, while CleanSpark acquired GRIID Infrastructure for $155 million.
The competitive landscape has also seen Riot Blockchain attempting a hostile takeover of Bitfarms, underscoring the intensified competition within the global market.
Commenting on the industry dynamics, Kerrisdale Capital expressed skepticism about the sustained competitiveness of US-listed Bitcoin miners, given the sector’s high commoditization and growing international competition.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.
With U.S. debt now over $36 trillion and the August 2025 ceiling deadline approaching, fears of default are mounting.
Steve Eisman, the famed investor known for forecasting the 2008 housing collapse, is sounding the alarm—not on overvalued tech stocks or interest rates, but on the escalating risk of global trade disputes.
Kevin Hassett, head of the National Economic Council in Trump’s second term, has revealed a multi-million-dollar investment in crypto exchange Coinbase—prompting concerns over potential conflicts of interest in Washington.