Cypherpunk Acquires Zcash Mining Fleet for 43.3 Million Shares; CYPH Stock Rises 15.85%
Cypherpunk Technologies (NASDAQ: CYPH) issued 43,290,042 prepaid warrants to Winklevoss Treasury Investments as consideration for its $33.33 million acquisition of a Zcash mining enterprise; CYPH shares rose 32.85% to $1.07 on Aug. 19. Financial Structure of the Cypherpunk Warrant Transaction The $33.33 million acquisition was paid for with warrants rather than cash. The transaction details are as follows: Number of warrants: 43,290,042 prepaid warrants for common shares, all issued to Winklevos
ZEC2.71%
MarketWhisper·08-20 01:10



