Cipher Mining Shares Rise

Cipher Mining Stock Soars On PIPE Investment From SoftBank
Cipher Mining Inc (NASDAQ:CIFR) shares are surging in Thursday’s after-hours session after the company announced a $50 million PIPE investment from SoftBank. What Happened: Bitcoin (CRYPTO: BTC) miner Cipher Mining has received a $50 million investment from SoftBank to support the company’s high-performance computing (HPC) data center development business.
Cipher Mining Announces $50 Million PIPE Investment from SoftBank Group
Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today announced a $50 million investment from SoftBank Group Corp.(TSE: 9984, “ SoftBank ”), one of the world’s most prominent investment holding companies.
Cipher Mining Shares Rise After News of SoftBank Group Investment
Shares of Cipher Mining were trading higher in the after-hours market following news of a $50 million private investment in public equity deal from SoftBank Group. After the bell Thursday, shares of Cipher Mining rose 19% to trade at $5.
SoftBank invests $50 million in Cipher Mining
NEW YORK - Cipher Mining Inc. (NASDAQ:CIFR), a company specializing in the development and operation of industrial-scale data centers for bitcoin mining and high-performance computing (HPC) hosting, has received a $50 million investment from SoftBank Group Corp.
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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