Just saw Canaan picked up Cipher's stake in that West Texas mining operation for nearly $40 million in stock. Kind of a big move in the mining consolidation game tbh. Canaan's been pushing hard to expand their mining footprint beyond just hardware, so this makes sense as they're trying to control more of the actual mining operations. The meaning of Canaan in the mining space is basically becoming synonymous with vertical integration - they're not just selling equipment anymore, they're getting their hands dirty in the actual mining business. Curious if we'll see more of these plays from hardware makers trying to become full-stack mining companies. Anyone else watching the mining M&A space closely?