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Cipher Mining ( (CIFR) ) just unveiled an announcement.
On January 30, 2025, Cipher Mining Inc. announced a $50 million investment from SoftBank Group Corp. through a PIPE transaction, involving the purchase of approximately 10.4 million shares of Cipher’s common stock. This investment supports Cipher’s growth in HPC data center development and designates SoftBank as a significant investor, aligning with Cipher’s strategic goals in technology and AI innovation.
More about Cipher Mining
Cipher Mining Inc. is focused on the development and operation of industrial-scale data centers, particularly for bitcoin mining and high-performance computing (HPC) hosting. The company aims to be an innovator in data center construction and a leading hosting partner for major HPC companies.
YTD Price Performance: -6.83%
Average Trading Volume: 11,038,868
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.56B
See more data about CIFR stock on TipRanks’ Stock Analysis page.