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. The PIPE investment also establishes SoftBank as a primary investor in Cipher.
“We are thrilled to welcome SoftBank as an …
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