Bitfury: Cipher Mining’s share distribution plan has been approved by shareholders, and the shareholding ratio will be reduced to less than 20%
Blockchain technology and Bitcoin mining company Bitfury announced that the Cipher Mining share distribution plan has been approved by shareholders. The company will distribute 16,127,092 shares of Cipher stock to "Class C shareholders" within seven working days, and will explore the distribution of approximately 126 million shares of Cipher stock to remaining shareholders (subject to shareholder approval again). If the relevant distribution plan is completed, Bitfury will only retain approximately 50 million shares of Cipher stock, and its shareholding ratio will drop from about 75% to less than 20%. Bitfury stated that the distribution of shares is its commitment to providing long-term value to shareholders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP options data suggests bullish sentiment says Nansen analyst, as market cap nears $200 billion
XRP derivatives activity is surging, with a rising interest in call options implying a bullish sentiment.XRP futures open interest has surged since Monday to hit an all-time high, signaling heightened market anticipation, according to Coinglass data.
Cardano and the XRP Price Close to their Peaks? Smart Traders Pivot to RCOF to Get a 19,090% Upside
NCUSDT now launched for futures trading and trading bots