AMSTERDAM, Sept. 11, 2024 /PRNewswire/ -- Bitfury Group ("Bitfury" or the "Company"), a leading full-service blockchain technology company, today announced that it has completed the final step of the distribution plan announced earlier this year with the transfer of approximately 9.6 million shares held by Bitfury in Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher").
As part of this final step of the distribution plan, Bitfury transferred approximately 7.1 million shares of Cipher common stock to certain former and current employees, contractors and advisors of Bitfury who participated in long-term incentive plans maintained by Bitfury for consideration consisting of past services provided to Bitfury, while the remaining approximately 2.5 million shares were sold on the open market to cover tax withholding obligations associated with the transfer. With the completion of the distribution plan, V3 Holding Limited, the majority owner of Bitfury, beneficially owns approximately 30% of the outstanding shares of Cipher, including both the shares of V3 Holding Limited and the shares held by Bitfury.
The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
RAW DATA PROCESSING means that raw data is processed without changing the content. The data is supplemented to improve the interpretation of the information in terms of usability.
Note: The newswire cross-link panel at the top allows you to quickly and easily access additional sources of information. In the terminal view, the news is filtered at company level and enables targeted searches.
On behalf of the trading community, we would like to thank the operators of the trading venues for providing information services.