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Cipher mining is getting ready to dump on shareholders!
50 sats \ 2 comments \ @BlokchainB 21 May Stacker_Stocks
Ahh wonder how much they are raising. But those who are holding the stock could be frustrated with this move

But!

They do hold 855 BTC
If this equity raise leads to more BTC then investors in the stock may be happy with this dilution if they manage to bring their BTC per share up of course!
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78 sats \ 0 replies \ @wolfsbane 21 May
If they can otherwise it's just another bag drag.
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0 sats \ 0 replies \ @BlokchainB OP 21 May
They raised $60 million about 560 BTC which is more than half of their hodl stack.
This dilution better be worth it! Better be getting some S21 hydros!
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