Bitcoin Miner Cipher Said to Mull Sale Amid Takeover Interest

Cipher Mining Inc. is exploring a potential sale after receiving takeover interest, people familiar with the matter said, as soaring demand for data centers make Bitcoin miners takeover targets.

US-based Cipher is working with advisers as it seeks to gauge potential buyer interest, according to the people, who asked not to be identified discussing confidential information.

Shares in the company have risen more than 40% in New York trading over the last 12 months, giving it a market value of about $2.2 billion.

Deliberations are in the early stages and there’s no certainty that Cipher will decide to pursue a ...