ChainCatcher news reports that the event "Synapse 2025: Exploring the Future of AI," hosted by the Web3 one-stop service provider Cipher Dance, was successfully held at Alibaba Cloud's Hong Kong office, bringing together industry leaders to discuss the future development of AI.The event included two exciting discussion sessions. Guests from 0G Labs, KITE.AI, and Aethir discussed how AI is reshaping various industries, particularly in the application of decentralized technologies and Web3. Core team members from Vly AI, Artela Network, Lumoz, Mysten Labs, and Brevis discussed how AI agents can transform smart contracts and enhance the decision-making process within the blockchain ecosystem.Francis from Vly AI mentioned that they have already integrated AI Agent into their social payment product, allowing users to interact directly with @vly_agent on X to give crypto tips to other users, with plans to provide more intelligent features in the future.

ChainCatcher news, Nasdaq-listed Bitcoin mining company Cipher Mining released its unaudited operational report for January 2025, which disclosed a mining output of 219 BTC in January, sold 471 BTC, and the current total Bitcoin holdings reached 1,091 BTC (including approximately 325 BTC used as collateral).

ChainCatcher news, according to Globenewswire, Bitcoin mining company Cipher Mining announced that it has secured a $50 million PIPE investment from SoftBank. It is reported that SoftBank intends to purchase approximately 10.4 million shares of the company's common stock for $50 million. The new funds will support its HPC data center development business.PIPE investment (Private Investment in Public Equity) is a type of private equity investment focused on publicly traded companies, investing in them through a non-public method.

ChainCatcher news, according to Globenewswire, Bitcoin mining company Cipher Mining released an unaudited production and operational update report for the period ending December 2024, disclosing that its Bitcoin mining output last month was 234 BTC, it sold 271 BTC, and its end-of-month balance was approximately 1344 BTC.

ChainCatcher news, JPMorgan upgrades the ratings of Bitcoin mining companies Cipher, CleanSpark, and MARA. JPMorgan raised the rating of Cipher Mining and CleanSpark from neutral to overweight, and upgraded MARA's rating from underweight to neutral. JPMorgan downgraded IREN's rating from overweight to neutral.JPMorgan also set a new target price of $8 for Cipher and raised its target price for CleanSpark from $10.50 to $17.JPMorgan stated that it is introducing a new sum-of-the-parts (SOTP) valuation framework for mining companies, which takes into account the company's mining operations, respective land and power portfolios, and their holding balances to reflect the Bitcoin that the company may hold on its balance sheet.

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 a recent tweet from Cipher, the author of the RGB++ protocol, RGB++ has been launched and is undergoing public testing. This protocol solution includes multiple components such as protocol specifications, Bitcoin SPV, SPV proof generators, and the RGB++ SDK, providing developers and early adopters with a permissionless and trustless deployment environment, allowing anyone to deploy Turing-complete scripts on the Bitcoin network and interact with them.It is reported that RGB++ is an extension protocol based on RGB, utilizing one-time seals and client verification technology to manage state changes and transaction validation. It maps Bitcoin UTXOs to Cells on the Nervos CKB through isomorphic binding and uses script constraints on both the CKB chain and the Bitcoin chain to verify the correctness of state calculations and the validity of ownership changes, enabling users to interact in a more flexible and secure manner on the Bitcoin network.

ChainCatcher news, RGB++ protocol author, and CELL Studio founder Cipher will be confirmed as a speaker at the Bitcoin Layer 2 Hong Kong themed summit.CELL Studio is a blockchain software development company focused on the Bitcoin and CKB ecosystem, dedicated to advancing the Nervos BTCKB initiative.

ChainCatcher news, according to Globenewswire, Bitcoin mining company Cipher Mining released its unaudited production and operational update for February 2024, reporting that the company mined approximately 334 BTC in February, with an average monthly network hash rate increase of about 9.4%.It is reported that Cipher sold approximately 33 BTC in February, ending the month with a balance of about 1,433 BTC.

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, Bitcoin mining company Cipher Mining announced that it has signed an agreement with Bitmain to purchase 37,396 units of the latest generation Antminer T21 mining machines, which are expected to be delivered in the first half of 2025.

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.