Bitcoin Miner Cipher Looks to Sell Up to $250M in Stock

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, some of them are back on the market to raise capital needed to fund their development. Earlier on Friday, miner Iris Energy (IREN) announced a deal with …