Just saw that Canaan picked up Cipher's stake in that West Texas mining operation for nearly 40 million in stock. Pretty interesting move in the mining space right now. So basically Canaan is getting a 49% chunk of the venture, which is a solid play if they're looking to expand their mining footprint beyond just hardware. The stock deal structure is smart too - keeps cash on hand while still making the acquisition happen. This kind of consolidation in mining has been picking up lately. Canaan's been making moves to diversify beyond just selling ASIC miners, and owning actual mining operations makes sense strategically. Wonder if we'll see more of these deals as mining becomes more capital intensive. What's your take on miners going vertical like this?

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