Cipher Mining, SoftBank Group
Cipher Mining Shares Rise After News of SoftBank Group Investment
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.
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Cipher Mining announces a $50 million PIPE investment from SoftBank. The investment is expected to support the company's high-performance computing (HPC) data center development business.
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SoftBank has bought $50 million worth of Cipher Mining stock. The new investment will help CIFR build new HPC data centres.
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