SoftBank Invests $50 Million in Cipher Mining for HPC Expansion
- Bitcoin miner Cipher Mining received a $50 million investment from SoftBank.
- Investment was made through the acquisition of 10.4 million shares by Star Beacon LLC, a SoftBank subsidiary.
- SoftBank gains exclusive operational rights at the Barber Lake substation until February 28, 2025.
- The investment supports the development of high-performance computing (HPC) centers.
- This deal aligns with SoftBank’s focus on technological innovation and AI ventures.
The $50 million investment by SoftBank, executed through its subsidiary Star Beacon LLC, involves acquiring 10.4 million shares in Cipher Mining to enhance HPC center development and grants exclusive operational rights at Barber Lake substation until early 2025.
Source (2.6)https://hodl.press/softbank-invests-50m-in-cipher-mining-for-hpc-expansion/?rand=24434
