Cipher to Get $50 Million Investment From SoftBank; Shares Rise After-Hours

MT Newswires Live

2025/01/31

Cipher Mining (CIFR) said late Thursday that SoftBank Group will invest $50 million to support its HPC data center development business, making it a "significant primary investor" in the firm.

SoftBank will buy about 10.4 million Cipher shares for $50 million, the company said.

Cipher Mining shares were up about 19% in after-hours activity.

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