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acquisitionAnnounced · Feb 24, 2026Cryptocurrency MiningSource · CredibleArticle · Factual
Canaan Inc. 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 Inc.
Financial Stake
Status
Completed
Canaan Inc. agreed to acquire Cipher Mining. Reported deal value: $39.75M. Status: Completed. Sector: Cryptocurrency Mining. Target headquarters context: New York City, New York, United States.
This page summarizes publicly available information about the transaction as of 2026-02-24. Figures and status may change as filings and press coverage update.
Related SINGAPORE – In a significant move within the cryptocurrency mining sector, Canaan Inc. Has acquired Cipher Mining Technologies Inc. 49% equity interest in a set of West Texas bitcoin mining projects
Deal timeline
Announced
Feb 24, 2026 · world-today-journal.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Cryptocurrency Mining with a reported deal value of $39.75M. Figures and status may change as sources update.
Sources: world-today-journal.com · Primary article · FireStrike proprietary index