BUZZ-Cipher Mining jumps on $50 mln SoftBank investment

Reuters

01-31

BUZZ-Cipher Mining jumps on $50 mln SoftBank investment

** Shares of Cipher Mining CIFR.O jump 17.5% to $5.52 premarket

** CIFR late Thursday announced a $50 mln investment from Japan's SoftBank Group 9984.T

** SoftBank will purchase about 10.4 mln shares of CIFR for $50 mln

** The investment will support CIFR's data center development business

** Keefe, Bruyette, & Woods and Latham & Watkins advised CIFR

** CIFR stock climbed 12.4% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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