Bitfury group announces approval of distribution of cipher mining inc. shares

Approved distribution readies cipher for its next chapter of growth with a more diversified shareholder base amsterdam , feb. 26, 2024 /prnewswire/ -- bitfury group ("bitfury" or the "company"), a leading full-service blockchain technology company, today announced the shareholder approval of the non-dilutive distribution of approximately 126 million common shares currently held by bitfury in cipher mining inc. (nasdaq:cifr) ("cipher") in accordance with plans that were previously outlined. of these 126 million common shares of cipher, approximately 107 million shares will be distributed by bitfury to its long-term shareholders on a pro rata basis, including approximately 50 million shares being distributed to the majority owner of bitfury, v3 holding limited (a holding company wholly-owned by bitfury's ceo), and approximately 57 million shares being distributed in the aggregate to approximately 50 other bitfury shareholders.
CIFR Ratings Summary
CIFR Quant Ranking