Canaan

• Canaan buys Cipher’s 49% of West Texas mining venture for $39.75 million in stock The transaction gives Cipher a major shareholding in the Singapore-based company. • What to know

• Canaan acquires 49% stake in three Texas mining sites. • Sites provide 120 MW power and 4.4 EH/s hashrate. • Joint venture entities include Alborz, Bear, Chief Mountain. • WindHQ