Bitfury Group sells 10 million shares of Cipher Mining common stock at $2.95 per share

Blockchain technology 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. After the transaction is completed, Bitfury will hold 191,931,387 shares of Cipher, accounting for approximately 75.37% of Cipher’s common shares. Bitfury has entered into a 60-day lock-up agreement for its remaining shares of Cipher common stock. Under the agreement, the company may not sell or transfer any shares of common stock until January 15, 2024. Cipher is a U.S.-based Bitcoin mining company that operated as a subsidiary of Bitfury until August 27, 2021. (GlobeNewswire)