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acquisitionAnnounced · Feb 23, 2026Bitcoin MiningSource · CredibleArticle · Factual
Canaan acquires Cipher Mining
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
$39.75M
Target
Cipher Mining
NASDAQ: CIFR · New York City, New York
Acquirer
Canaan
Financial Stake
Status
Announced
Canaan agreed to acquire Cipher Mining. Reported deal value: $39.75M. Status: Announced. Sector: Bitcoin Mining. Target headquarters context: New York City, New York, United States.
This page summarizes publicly available information about the transaction as of 2026-02-23. Figures and status may change as filings and press coverage update.
As part of the deal , Canaan also bought 6,840 Avalon A15Pro-AVG-221T mining rigs from Cipher
Deal timeline
Announced
Feb 23, 2026 · theminermag.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Bitcoin Mining with a reported deal value of $39.75M. Figures and status may change as sources update.
Sources: theminermag.com · Primary article · FireStrike proprietary index