Bitcoin mining company Cipher Mining announced a $50 million PIPE investment from SoftBank
ChainCatcher news, according to Globenewswire, Bitcoin mining company Cipher Mining announced that it has secured a $50 million PIPE investment from SoftBank. It is reported that SoftBank intends to purchase approximately 10.4 million shares of the company's common stock for $50 million. The new funds will support its HPC data center development business.
PIPE investment (Private Investment in Public Equity) is a type of private equity investment focused on publicly traded companies, investing in them through a non-public method.
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