CIPHER MINING received a $ 50 million investment in SoftBank, expanded the AI ​​data center business

Panews News on January 31. According to The Block, Cipher Mining has received a $ 50 million investment in SoftBank, and SoftBank will purchase about 10.4 million ordinary shares of the Bitcoin miner. This financing uses an open equity investment method, and funds will be used to support the construction of high -performance calculation (HPC) and AI data center infrastructure construction.

CIPHER signed a one -month exclusive agreement with SoftBank to ensure that SoftBank was not allowed to sell it at the 300 MW mine in Barber Lake, Texas during this period or reached an agreement with other parties. CIPHER CEO Tyler Page said: "SoftBank's joining as an important investor marks an important moment for CIPHER growth."

SoftBank's investment is regarded as a signal that Bitcoin miners diversify to the AI ​​field. CIPHER Mine is the tenth largest listing of Bitcoin miners in the world with a market value of 1.6 billion US dollars. It is seeking diversified business and reducing the risks brought about by fluctuations in the Bitcoin market.