Bitcoin minin2026-07-02 20:00:14Canaan Acquires Cipher's 49% Stake in Texas Mining Projects, Expands AI and Power StrategyCanaan (CAN) has acquired Cipher Mining's 49% stake in three West Texas mining projects for approximately $39.75 million in stock, gaining 120 MW of power, 4.4 EH/s of hashrate, and 6,840 Avalon A15Pro miners. The deal features sub-3¢/kWh power costs, off-grid wind, and a pivot toward AI/HPC colocation. Canaan's stock rose 10%, and Cipher becomes a significant shareholder. CEO Nangeng Zhang cites disciplined expansion, while Cipher CEO Tyler Page sees vertical integration as key. The acquisition marks Canaan's shift from asset-light mining to upstream power control, targeting gigawatt-scale growth through 2026.890
US Stocks2026-07-01 13:37:07US Stock Market Opens Lower on July 1: Three Major Indices Dip, Crypto Stocks Mostly Decline Led by Cipher Mining and Hut 8On July 1, US stock markets opened with slight declines across Dow Jones, S&P 500, and Nasdaq. Crypto-related stocks mostly fell, with Cipher Mining dropping over 6%, and Hut 8 and Riot Platforms each losing more than 5%. However, Strategy and Coinbase bucked the trend with modest gains. Market sentiment remains cautious as investors monitor macroeconomic data and crypto regulatory developments.1330
US stocks2026-07-01 13:37:07US Stocks Open Lower, Crypto Stocks Mostly Down: Cipher Mining Leads Losses with 6% DropOn July 1, U.S. stocks opened lower across all three major indices. Crypto-related stocks mostly declined, with Cipher Mining falling over 6%, Hut 8 and Riot Platforms both dropping over 5%. Strategy and Coinbase bucked the trend with slight gains. This article reviews the performance of crypto stocks and examines the correlation with the broader market.1380
