According to Bloomberg, Cipher Mining is considering selling to potential buyers. The company has initiated negotiations but has not committed to a sale, indicating that discussions are still in the early stages.
Against the backdrop of rapid development in the AI industry and the continuous growth in data center demand, Bitcoin miners are facing revenue challenges after the halving event in April. This financial pressure has prompted many in the industry to consider strategic choices. Analysts at JPMorgan emphasize the trend of AI companies exploring alternative solutions such as power leasing or obtaining data center capacity from BTC miners due to limitations in directly accessing electricity.
Meanwhile, North American Bitcoin miner Core Scientific recently signed a long-term contract with CoreWeave, and CleanSpark acquired GRIID Infrastructure for $1.55 billion. In the competitive landscape, Riot Blockchain is also attempting a strong acquisition of Bitfarms, highlighting the intensifying global market competition.
Commenting on industry dynamics, Kerrisdale Capital expresses doubt about the ongoing competitiveness of BTC miners listed in the United States due to the highly commercialized nature of the industry and the intensification of international competition.
