By Stephen Nakrosis
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 $5.60. The stock finished the day's regular session with a 4.4% gain, closing at $4.70.
Cipher said the investment will support its HPC data center development business and establish SoftBank as a significant primary investor.
Cipher said it develops and operates industrial-scale data centers for bitcoin mining and HPC hosting.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 30, 2025 18:08 ET (23:08 GMT)
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