Cipher Mining’s (Nasdaq: CIFR) transaction involves Softbank purchasing approximately 10.4 million shares of Cipher’s common stock, with the funds directed toward the company’s high-performance computing (HPC) data center initiatives.

According to the company, the investment comes as Cipher continues expanding its footprint in industrial-scale data center development and bitcoin (BTC) mining operations. Tyler Page, CEO of Cipher Mining, described the investment as a milestone in the company’s growth.

“We are thrilled to welcome Softbank as an important investor in Cipher,” Page explained on Friday. “This investment comes at a pivotal moment in Cipher’s growth trajectory, as the Company continues to attract attention for its pipeline of sites and innovative solutions in industrial-scale data centers.”

The Cipher CEO added:

Softbank’s focus on innovation in technology and AI development aligns with our vision to establish ourselves as a leader in HPC data center development.

Cipher stated on Friday that this investment fortifies its standing in the industry as it pursues broader operational capabilities. Keefe, Bruyette & Woods Inc. acted as the company’s financial advisor, while Latham & Watkins LLP offered legal counsel for the transaction.

In late November last year, the company revealed plans for a new facility, the Stingray site, designed to enhance its infrastructure. This addition was intended to integrate 100 megawatts (MW) of front-of-the-meter capacity into its expanding data center network.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。