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.