Cipher Mining gains after blog posts says may be target for FTX or Coinbase

Cipher Mining (NASDAQ:CIFR) jumped 20% after a Seeking Alpha blog post speculated that speculated that Coinbase (NASDAQ:COIN) and FTX are considering purchasing the company. CryptoSqueeze's Blog, which currently has 8 followers on SA, said that "credible" sources confirm that Coinbase (COIN) and FTX are considering Cipher Mining for a "horizontal play." Last month, Cipher Mining to buy up to 56K Bitfury next generation mining rig.