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Cipher Mining, a mining firm, Receives $50 Million Investment from Softbank through a PIPE Deal

BlockBeats News, January 31st, according to Globenewswire, Nasdaq-listed Bitcoin mining company Cipher Mining (stock code: CIFR) announced that it has received a $50 million PIPE investment from SoftBank. SoftBank intends to purchase approximately 10.4 million shares of common stock of the company for $50 million. The new funds will support its HPC data center development business.

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