Summary by Futu AI
Cipher Mining, a technology company focused on Bitcoin mining, has announced that it does not plan to pay cash dividends on its common stock for the foreseeable future, as it intends to retain future earnings for operations, expansion, and debt repayment. The company may issue additional shares of common stock or other equity securities, which could dilute ownership interests and potentially depress the market price of its common stock. Cipher Mining has also increased the aggregate of shares that may be issued under its Incentive Award Plan annually, with the latest increase on January 1, 2024. Furthermore, the company has entered into an at-the-market offering agreement, allowing it to sell shares of common stock up to $250 million, which is part...Show More