SoftBank announced that it will buy 10.4 million shares of Cypher stock (worth approximately $50 million)
According to Internet reports, according to Tokenpost, Bitcoin mining company Cipher Mining (CIFR) announced that it has received a US$50 million investment from SoftBank, which will purchase 10.4 million shares of the company. Cipher Mining said it will use the funding to support the development of high-performance computing (HPC) data centers. Tyler Page, CEO of the company, said SoftBank's support for technological innovation and artificial intelligence development is consistent with Cipher's vision to become a leader in HPC data center development.
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