ChainCatcher news, Bitcoin mining company Cipher Mining has expanded its existing credit line with Coinbase and established a new term loan mechanism, hoping to strengthen its debt financing channels.Cipher first signed a credit line agreement with Coinbase in August 2023, using Bitcoin assets as collateral, with a limit of $10 million. As of September 30, the company had not drawn any funds from the institution. In its latest quarterly report submitted on Wednesday, Cipher stated that after September 30, it increased the credit line to $15 million and established a new term loan mechanism with Coinbase with a maximum of $35 million. It is currently unclear whether Cipher has utilized these loan mechanisms since October.

ChainCatcher news, according to Arkham monitoring, Bitcoin mining company Cipher Mining marked an address that transferred 57.977 BTC, worth approximately 3.96 million USD, to Franklin Templeton's spot Bitcoin exchange-traded fund EZBC Bitcoin ETF about 21 hours ago.

ChainCatcher news, Bitcoin mining company Cipher Mining (stock code: CIFR) announced an investment of $67.5 million to acquire a 250-acre property in West Texas, which includes a 300 MW data center, to expand its portfolio capacity to 2.5 GW.

ChainCatcher news, according to CoinDesk, Canaccord has raised the target price for Cipher Mining from $6 to $7, while maintaining a buy rating on the stock, noting that the company's Bitcoin mining business continues to perform strongly in the field.In addition, Cipher Mining recently acquired the Reveille data center site, which has true artificial intelligence optionality.

ChainCatcher news, Bitcoin miner Cipher Mining reported a net loss of $15 million in the second quarter of 2024, slightly higher than the net loss of $13.2 million reported in the same period last year.Despite the widening losses, the company's revenue, cash on hand, and power supply also increased year-on-year. Its second-quarter revenue surged from $31.22 million in the same period last year to $36.81 million, while the cost of revenue decreased from $15.87 million to $14.28 million. The company's cash and cash equivalents amounted to $122.56 million, a significant increase from $86.11 million at the end of 2023, primarily due to the issuance of common stock valued at $163.28 million.Cipher also reported that its current hash rate is approximately 8.7 EH/s, with a goal of reaching 13.5 EH/s by the end of 2024 and 35.0 EH/s by the end of 2025, following the signing of an agreement to exercise an option to acquire three new energy sites with a cumulative power capacity of 1.5 GW.

ChainCatcher news, according to Bloomberg, informed sources say that Bitcoin mining company Cipher Mining Inc. is exploring potential sale opportunities after receiving acquisition interest. The surge in demand for data centers has made Bitcoin mining companies acquisition targets. Cipher has a market value of approximately $2.2 billion, and they hope to enhance their computing power through acquisitions.

ChainCatcher news, according to Globenewswire, Bitcoin mining company Bitfury plans to allocate shares of Cipher Mining Inc. to unlock potential value for Bitfury's base shareholders and other shareholders of Cipher. The share allocation plan for Cipher Mining has been approved by Bitfury shareholders, and the company will distribute approximately 16.127 million shares of Cipher stock to Series C shareholders within seven business days, with plans to explore the distribution of approximately 126 million shares of Cipher stock to remaining shareholders (subject to further shareholder approval). If the relevant allocation plan is completed, Bitfury will retain only about 50 million shares of Cipher stock, reducing its ownership stake from approximately 75% to less than 20%.It is reported that Cipher is a Bitcoin mining company headquartered in the United States, operating as a subsidiary of Bitfury until August 27, 2021.

ChainCatcher news, Canaan Creative announced that it has secured follow-up purchase orders in collaboration with Cipher Mining and Stronghold Digital Mining. These orders involve the purchase of over 17,000 Bitcoin mining machines, building on the existing relationships between Canaan Creative and Cipher and Stronghold.The joint venture of Cipher has purchased 16,700 units of the A1466 model Avalon mining machines, while the previously purchased 11,000 units of the A1346 model Avalon mining machines have been delivered and installed at Cipher's Odessa facility.Stronghold has purchased 1,100 units of the A1346 model Avalon mining machines, with the previously purchased 2,000 units delivered and installed at Stronghold's Patha Creek facility.

ChainCatcher news, Bitcoin mining company Cipher Mining Inc. today released its unaudited production and operational update for December 2023. Cipher produced approximately 465 BTC in December, an increase of about 7.4% compared to the previous month. Cipher sold approximately 228 BTC in December, with an ending balance of about 796 BTC.

ChainCatcher news, the encrypted mining company Bitfury Group announced the sale of 10 million shares of Cipher Mining common stock at a price of $2.95 per share in a privately negotiated transaction. Upon completion of the transaction, Bitfury will hold 191,931,387 shares of Cipher, accounting for approximately 75.37% of Cipher's common stock.It is reported that Bitfury has signed a 60-day lock-up agreement for its remaining holdings of Cipher common stock, under which the company is prohibited from selling or transferring any common stock before January 15, 2024. Cipher is a Bitcoin mining company based in the United States, operating as a subsidiary of Bitfury until August 27, 2021.

ChainCatcher message, Bitcoin mining company Cipher Mining's unaudited production and operational update for October 2023 shows that Cipher produced approximately 428 BTC in October, an increase of about 3% compared to the previous month, while the average monthly network hash rate in October increased by about 9% compared to the previous month. As part of its regular financial management process, Cipher sold approximately 466 BTC in October, with an ending balance of about 516 BTC.

ChainCatcher news, on social media, on-chain detective ZachXBT stated that well-known KOL and CEHV partner Adam Cochran posted on X on October 22 to promote a social project called cipher.fan, which is similar to Friend.Tech, emphasizing that the project is about to airdrop and claiming to be an angel investor in the project.However, just one day later, on October 24, cipher.fan suddenly announced that it would cease operations due to business obstacles. Although the project team has stated that they will refund all seed round investors' funds, the shares purchased by users for investment or airdrop purposes have nearly gone to zero, resulting in significant financial losses for many users.In response to ZachXBT's doubts, Adam Cochran stated that he was also very angry about the project team's decision and has also suffered some losses, but he does not believe the project team is rug pulling; they simply "failed to operate due to high costs."

ChainCatcher news, according to The Block, blockchain investigation firm CipherBlade founder Richard Sanders has filed a lawsuit, accusing the new management of stealing his company's assets, forging signatures, and stealing documents related to business registration from his home.Richard Sanders claims that when he voluntarily went to Ukraine in 2022 to participate in an investigation involving cryptocurrency, the new management made significant false statements to gain access to his accounts, stealing trade secrets in the form of confidential investigation information, client leads, client information, etc., and redirected clients to an entity in Alaska and another entity in Singapore.CipherBlade refuted Sanders' allegations in a LinkedIn post. The company stated that Sanders was never an owner and that he was no longer actively involved in the operations of CipherBlade throughout 2022, and that he effectively ceased this involvement when he moved to Ukraine at the beginning of 2023 to carry out a personal philanthropic mission. CipherBlade aims to assist federal government agencies, private companies, and individuals in investigating financial crimes, with a focus on cybercrime.

ChainCatcher news, the crypto mining company Cipher Mining has released its second quarter earnings report, with a GAAP diluted net loss of $0.05 per share and a non-GAAP diluted net income of $0.04 per share for the second quarter. With the completion of the Odessa facility, Cipher has achieved a self-mining capacity of 6.8 EH/s and plans to complete the Odessa project in the third quarter, increasing its self-mining capacity to 7.2 EH/s.

According to Chain Catcher, as reported by Forkast, Canadian investor and television star Kevin O'Leary stated at the Converge22 blockchain and cryptocurrency conference that he is planning to launch a Web3-focused investment fund called Cipher. Kevin also mentioned, "We need to get away from the price speculation of this asset and find a way to integrate crypto technology into the economy."It is reported that Kevin O'Leary has now become a citizen of the UAE, and he is also a spokesperson for FTX and an investor in Circle. (Forkast)