TechFlow reported on January 31, according to Globenewswire, that bitcoin mining company Cipher Mining announced a $50 million PIPE investment from SoftBank. SoftBank intends to purchase approximately 10.4 million shares of the company's common stock for $50 million. The new capital will support its HPC data center development business.
A PIPE (Private Investment in Public Equity) is a form of private equity investment focused on publicly traded companies, involving investments made through non-public means into public companies.
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