Bitfury sells 10M CIFR shares at $2.95, enters 60-day lock-up on remaining 75.4% stake

Cipher Digital Inc.

Bitfury sold 10M shares of Cipher common stock at $2.95 per share in a private transaction.
Sale represents 4.95% of Bitfury's Cipher holdings; after sale Bitfury owns 191.9M shares (~75.37%).
Bitfury agreed to a 60-day lock-up on remaining shares, ending January 15, 2024.
Bitfury CEO states sale aims to increase CIFR liquidity and float, calling company undervalued.

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