Cipher Mining Announces $50 Million PIPE Investment from SoftBank Group

Investment Announcement - SoftBank Group Corp. is set to invest $50 million in Cipher Mining Inc. through a PIPE investment, acquiring approximately 10.4 million shares of Cipher common stock [1] - This investment will bolster Cipher's HPC data center development business and position SoftBank as a significant primary investor in the company [1] Company Growth and Strategy - Cipher's CEO, Tyler Page, expressed enthusiasm about SoftBank's investment, highlighting its importance during a pivotal growth phase for the company [2] - Cipher is focused on developing and operating industrial-scale data centers for bitcoin mining and HPC hosting, aiming to lead in innovation within these sectors [4] Advisory and Legal Support - Keefe, Bruyette, & Woods Inc. served as the financial advisor for Cipher, while Latham & Watkins LLP provided legal counsel [3]