Saw this deal go through - Canaan picked up Cipher's stake in their West Texas mining operation for like $39.75M in stock. It's a 49% chunk, so basically a major play in that West Texas mining scene. Interesting timing with all the mining consolidation happening. West Texas has been such a hub for this stuff, so makes sense companies are fighting over pieces of it. The stock-for-stock deal is pretty typical for these bigger moves. Wonder if this signals more mining M&A coming, or if West Texas operations are just becoming too valuable to pass up. Either way, these mining partnerships keep shifting around. What's your take - is this a smart move or just another reshuffling?

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