Cipher, SoftBank
Bitcoin Miner Cipher Surges on $50M SoftBank Investment
Bitcoin miner Cipher Mining (CIFR) shares rose more than 18% in post-market trading after SoftBank said it would buy 10.4 million shares in the company, worth $50 million. The mining company said the investment will support Cipher's development of a high-performance computing (HPC) data center and establish SoftBank as a major investor in the company.
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Cipher Mining announces a $50 million PIPE investment from SoftBank. The investment is expected to support the company's high-performance computing (HPC) data center development business.
The SoftBank Group CEO had missed out on the generative artificial revolution taking place, even after flooding the tech market with over $130 billion of investment into startups and other ...
SoftBank has bought $50 million worth of Cipher Mining stock. The new investment will help CIFR build new HPC data centres.
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