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.
Global shares mostly rose Thursday after the U.S. Federal Reserve opted not to cut interest rates for the first time since it ...
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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