Bitcoin Miner Cipher Lands $50M Investment

Softbank Invests $50 Million in Cipher Mining

• Cipher Mining Inc. received a $50 million investment.
• The investment was made through a private investment in public equity (PIPE).
• Softbank Group Corp. is the investor in this transaction.
• Approximately 10.4 million shares of Cipher’s common stock were purchased by Softbank.
• Cipher Mining is listed on Nasdaq under the ticker CIFR.

Softbank Group Corp.’s $50 million PIPE investment positions them as a significant stakeholder in Cipher Mining, acquiring around 10.4 million shares of the company’s common stock.