Cipher Mining is the latest crypto miner rumored to be looking for a deal.

The Bitcoin miner is exploring a potential sale after receiving takeover interest, people familiar with the matter told Bloomberg. Deliberations are in the early stages and it’s not certain Cipher Mining will decide to pursue a sale, the people said.

The Block reached out to Cipher Mining for comment but has yet to receive a response. 

The artificial intelligence boom has led to strong demand for data centers at a time when the Bitcoin halving event in April cut miners’ revenue in half, leading many to explore strategic alternatives.

​​"With immediate power access in relatively short supply, Hyperscalers and AI firms are exploring alternatives, including leasing power/datacenter capacity from (or outright …