January 30, 2025
Cipher Mining (NASDAQ: CIFR) has announced a $50 million private investment in public equity (PIPE) from SoftBank Group Corp. (TSE: 9984). The investment will contribute to Cipher’s expansion of high-performance computing (HPC) data centers, reinforcing its focus on large-scale infrastructure projects. SoftBank’s participation makes it a key investor in the company as Cipher continues to scale its operations.
Cipher has been building industrial-scale data centers with a focus on bitcoin mining and computational hosting. The latest funding comes as the company broadens its infrastructure to accommodate growing demand for digital asset services and enterprise computing. Financial advisory for the deal was provided by Keefe, Bruyette & Woods Inc., while Latham & Watkins LLP acted as legal counsel.
About Cipher Mining
Cipher Mining develops and operates industrial-scale data centers, specializing in bitcoin mining and high-performance computing hosting. The company focuses on expanding its infrastructure to support digital asset operations and enterprise-level computing solutions.
Website: https://www.ciphermining.com/
X: @CipherInc
About Investor
SoftBank Group
SoftBank Group Corp. is a global investment holding company that invests across technology, telecommunications, and artificial intelligence, with a focus on digital infrastructure and emerging industries.
Location: Tokyo, Japan
Website: https://group.softbank/
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